Centaurus Financial Inc. Makes New $981,000 Investment in Bank of New York Mellon Corporation $BNY

Posted by George Bondi on Aug 28th, 2026

Centaurus Financial Inc. acquired a new stake in shares of Bank of New York Mellon Corporation (NYSE:BNY – Free Report) in the second quarter, Holdings Channel.com reports. The firm acquired 6,786 shares of the bank’s stock, valued at approximately $981,000.

A number of other hedge funds have also recently modified their holdings of the stock. Coastal Bridge Advisors LLC purchased a new stake in shares of Bank of New York Mellon in the second quarter worth about $483,000. Jefferies Financial Group Inc. acquired a new position in Bank of New York Mellon in the second quarter valued at approximately $36,904,000. Public Employees Retirement System of Ohio acquired a new position in Bank of New York Mellon in the second quarter valued at approximately $40,480,000. MASTERINVEST Kapitalanlage GmbH purchased a new stake in Bank of New York Mellon in the 2nd quarter worth approximately $1,257,000. Finally, Almitas Capital LLC acquired a new stake in shares of Bank of New York Mellon during the 2nd quarter worth approximately $477,000. Hedge funds and other institutional investors own 85.31% of the company’s stock.

Insider Activity

In related news, CFO Dermot Mcdonogh sold 31,800 shares of the business’s stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $155.26, for a total transaction of $4,937,268.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.17% of the stock is owned by corporate insiders.

Bank of New York Mellon Stock Down 0.5%

BNY stock opened at $162.28 on Friday. Bank of New York Mellon Corporation has a 52 week low of $102.63 and a 52 week high of $165.68. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.76. The firm has a 50-day simple moving average of $155.35 and a 200-day simple moving average of $137.89. The stock has a market capitalization of $110.11 billion, a P/E ratio of 18.89, a P/E/G ratio of 1.16 and a beta of 1.06.

Bank of New York Mellon (NYSE:BNY – Get Free Report) last posted its quarterly earnings data on Wednesday, July 15th. The bank reported $2.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.30. Bank of New York Mellon had a return on equity of 16.00% and a net margin of 15.52%.The company had revenue of $5.70 billion for the quarter, compared to analysts’ expectations of $5.35 billion. During the same period in the previous year, the firm posted $1.93 EPS. Bank of New York Mellon’s revenue was up 13.3% compared to the same quarter last year. Equities analysts forecast that Bank of New York Mellon Corporation will post 9.26 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently weighed in on BNY. Keefe, Bruyette & Woods lifted their target price on shares of Bank of New York Mellon from $166.00 to $177.00 and gave the company an “outperform” rating in a report on Thursday, July 16th. Bank of America lifted their price objective on shares of Bank of New York Mellon from $165.00 to $175.00 and gave the company a “buy” rating in a report on Monday, July 20th. Truist Financial increased their target price on shares of Bank of New York Mellon from $160.00 to $178.00 and gave the stock a “buy” rating in a research note on Thursday, July 16th. Argus upped their price target on Bank of New York Mellon from $153.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. Finally, Erste Group Bank assumed coverage on Bank of New York Mellon in a report on Wednesday, July 15th. They issued a “buy” rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $157.13.

Read Our Latest Report on BNY

About Bank of New York Mellon

(Free Report)

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.