International Assets Investment Management LLC raised its position in Bank of New York Mellon Corporation (NYSE:BNY – Free Report) by 11,422.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 461,000 shares of the bank’s stock after purchasing an additional 456,999 shares during the period. International Assets Investment Management LLC owned 0.07% of Bank of New York Mellon worth $66,674,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. BlackRock Inc. acquired a new stake in Bank of New York Mellon during the second quarter worth approximately $8,321,111,000. Bank of America Corp DE purchased a new stake in Bank of New York Mellon in the 2nd quarter valued at $2,499,438,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Bank of New York Mellon in the second quarter valued at $1,214,193,000. Wellington Management Group LLP acquired a new position in Bank of New York Mellon in the second quarter valued at $1,175,576,000. Finally, Amundi purchased a new stake in shares of Bank of New York Mellon in the second quarter valued at about $985,533,000. Institutional investors and hedge funds own 85.31% of the company’s stock.
Insider Activity at Bank of New York Mellon
In other news, CEO Robin A. Vince sold 40,620 shares of the firm’s stock in a transaction that occurred on Monday, October 26th. The stock was sold at an average price of $147.81, for a total value of $6,004,042.20. Following the completion of the sale, the chief executive officer directly owned 585,174 shares of the company’s stock, valued at $86,494,568.94. This trade represents a 6.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Jose Minaya sold 3,520 shares of Bank of New York Mellon stock in a transaction that occurred on Tuesday, October 27th. The shares were sold at an average price of $147.81, for a total value of $520,291.20. Following the completion of the sale, the vice president owned 173,304 shares in the company, valued at approximately $25,616,064.24. This trade represents a 1.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 60,560 shares of company stock worth $9,007,119 in the last quarter. 0.17% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on BNY shares. Bank of America increased their target price on shares of Bank of New York Mellon from $165.00 to $175.00 and gave the stock a “buy” rating in a research note on Monday, July 20th. Truist Financial dropped their price target on Bank of New York Mellon from $172.00 to $165.00 and set a “buy” rating on the stock in a research report on Friday, October 16th. Barclays increased their price objective on Bank of New York Mellon from $149.00 to $178.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Citigroup lowered their target price on Bank of New York Mellon from $160.00 to $157.00 and set a “neutral” rating on the stock in a research note on Monday, October 19th. Finally, Weiss Ratings downgraded Bank of New York Mellon from a “buy (a)” rating to a “buy (a-)” rating in a research note on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Bank of New York Mellon presently has an average rating of “Moderate Buy” and a consensus target price of $165.04.
Read Our Latest Stock Analysis on BNY
Key Stories Impacting Bank of New York Mellon
Here are the key news stories impacting Bank of New York Mellon this week:
- Positive Sentiment: JPMorgan raised its price target for BNY from $161.00 to $166.50 and maintained an “overweight” rating. The new target implies approximately 13.2% upside from the referenced share price, potentially supporting investor confidence.
- Positive Sentiment: BNY’s latest quarterly results exceeded expectations: earnings per share reached $2.37 versus the $2.26 consensus estimate, while revenue increased 11.7% year over year to $5.68 billion. Analysts expect approximately $9.39 in full-year EPS.
- Positive Sentiment: The company’s expanded collaboration with Ripple in digital-asset custody and tokenized trade finance could create longer-term growth opportunities in institutional custody and transaction services. BNY and Ripple collaboration article
- Neutral Sentiment: BNY trades below the broader analyst consensus target of $164.62, with one Strong Buy, seven Buy and six Hold ratings. However, valuation commentary suggests the shares are close to fair value after a substantial 268% run, limiting the potential for further multiple expansion. BNY valuation analysis
- Neutral Sentiment: Institutional ownership remains high at approximately 85%, and several funds recently increased their positions. This provides a supportive ownership backdrop, though it is not necessarily a new catalyst for the shares.
- Negative Sentiment: CEO Robin Vince sold shares in multiple transactions, including 9,380 shares valued at approximately $1.39 million; reports also cite combined sales of 50,000 shares worth about $7.39 million over October 26–27. Vice President Jose Minaya separately sold 3,520 shares worth approximately $520,000. Although these transactions may be routine or scheduled, the reduction in insider holdings could weigh on sentiment. BNY insider selling report
Bank of New York Mellon Stock Down 1.6%
BNY stock opened at $147.02 on Friday. Bank of New York Mellon Corporation has a one year low of $105.42 and a one year high of $165.84. The stock has a market capitalization of $99.75 billion, a PE ratio of 16.25, a price-to-earnings-growth ratio of 0.99 and a beta of 1.06. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.72 and a current ratio of 0.72. The company has a fifty day moving average of $151.57 and a 200-day moving average of $139.28.
Bank of New York Mellon (NYSE:BNY – Get Free Report) last issued its quarterly earnings results on Thursday, October 15th. The bank reported $2.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.26 by $0.11. Bank of New York Mellon had a net margin of 16.32% and a return on equity of 16.57%. The business had revenue of $5.68 billion for the quarter. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. As a group, analysts expect that Bank of New York Mellon Corporation will post 9.39 EPS for the current year.
About Bank of New York Mellon
BNY, formerly known as BNY Mellon, is a global financial services company headquartered in New York City. Formed in 2007 through the merger of the Bank of New York and Mellon Financial Corporation, BNY traces its roots back to 1784, making it one of the oldest banking institutions in the United States. It was also the first company listed on the New York Stock Exchange.
BNY operates at the center of the world’s capital markets, partnering with clients to help them operate more efficiently and accelerate growth.
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