Murphy Middleton Hinkle & Parker Inc. Buys 5,560 Shares of Bank of New York Mellon Corporation $BNY

Posted by Brenda Bartman on Oct 16th, 2026

Murphy Middleton Hinkle & Parker Inc. raised its stake in shares of Bank of New York Mellon Corporation (NYSE:BNY – Free Report) by 231.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,958 shares of the bank’s stock after purchasing an additional 5,560 shares during the quarter. Murphy Middleton Hinkle & Parker Inc.’s holdings in Bank of New York Mellon were worth $1,151,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. AdvisorNet Financial Inc lifted its position in Bank of New York Mellon by 5.1% during the 3rd quarter. AdvisorNet Financial Inc now owns 39,350 shares of the bank’s stock worth $5,595,000 after acquiring an additional 1,919 shares during the period. Assenagon Asset Management S.A. increased its holdings in shares of Bank of New York Mellon by 1,305.8% in the third quarter. Assenagon Asset Management S.A. now owns 683,117 shares of the bank’s stock valued at $98,799,000 after purchasing an additional 634,525 shares during the period. Mystic Asset Management Inc. increased its holdings in shares of Bank of New York Mellon by 599.3% in the third quarter. Mystic Asset Management Inc. now owns 23,798 shares of the bank’s stock valued at $3,442,000 after purchasing an additional 20,395 shares during the period. Summit Financial Wealth Advisors LLC increased its holdings in shares of Bank of New York Mellon by 27.4% in the third quarter. Summit Financial Wealth Advisors LLC now owns 7,475 shares of the bank’s stock valued at $1,081,000 after purchasing an additional 1,606 shares during the period. Finally, State of Alaska Department of Revenue increased its holdings in shares of Bank of New York Mellon by 47.9% in the third quarter. State of Alaska Department of Revenue now owns 99,491 shares of the bank’s stock valued at $14,389,000 after purchasing an additional 32,238 shares during the period. Hedge funds and other institutional investors own 85.31% of the company’s stock.

Insider Transactions at Bank of New York Mellon

In other news, CFO Dermot Mcdonogh sold 31,800 shares of the business’s stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $155.26, for a total value of $4,937,268.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Jose Minaya sold 3,520 shares of the business’s stock in a transaction dated Monday, September 28th. The shares were sold at an average price of $148.79, for a total value of $523,740.80. Following the completion of the transaction, the vice president directly owned 176,824 shares of the company’s stock, valued at approximately $26,309,642.96. This trade represents a 1.95% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 38,840 shares of company stock valued at $6,033,502 in the last quarter. Company insiders own 0.17% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on BNY. Weiss Ratings cut Bank of New York Mellon from a “buy (a)” rating to a “buy (a-)” rating in a research note on Thursday, August 13th. Erste Group Bank began coverage on Bank of New York Mellon in a research report on Wednesday, July 15th. They issued a “buy” rating on the stock. Barclays upped their target price on Bank of New York Mellon from $149.00 to $178.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. Argus increased their price target on shares of 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, Citigroup reduced their price target on shares of Bank of New York Mellon from $172.00 to $160.00 and set a “neutral” rating for the company in a research report on Monday, October 5th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $162.38.

Get Our Latest Report on Bank of New York Mellon

Trending Headlines about Bank of New York Mellon

Here are the key news stories impacting Bank of New York Mellon this week:

Positive Sentiment: Quarterly earnings exceeded expectations. BNY reported third-quarter EPS of $2.37 versus the $2.26 consensus estimate, while revenue reached $5.68 billion, an 11.7% year-over-year increase. Net income attributable to shareholders rose to approximately $1.61 billion from $1.34 billion a year earlier. BNY Q3 Earnings and Revenues Beat Estimates
Positive Sentiment: Growth was broad-based. Higher fee revenue, net interest income and asset balances supported the results, while custody and administration assets reportedly climbed 10% to $63.4 trillion. Rising expenses were a partial offset. BNY Q3 Earnings Beat Estimates on Fee Income and NII Growth
Positive Sentiment: BNY maintained its shareholder-return appeal. The board declared a quarterly common-stock dividend of $0.63 per share, payable November 9 to eligible shareholders, along with dividends on several preferred series. BNY Declares Dividends
Positive Sentiment: Strategic and analyst support provided additional positives. BNY completed its first tokenized Treasury repo with Citadel Securities and was upgraded by at least one Seeking Alpha contributor; analysts elsewhere assigned a “Moderate Buy” view. BNY Completes First Tokenized Treasury Repo
Neutral Sentiment: BNY’s CEO said current 10-year Treasury yield levels are not unprecedented, offering reassurance about the interest-rate environment but no clear near-term earnings catalyst. US 10-year Treasury Yield Levels Not Unprecedented
Neutral Sentiment: Azerbaijan’s central bank discussed expanding cooperation with BNY, but the report provided no financial terms or measurable earnings impact. Azerbaijan’s CBA Discusses Expanding Cooperation with BNY Mellon
Negative Sentiment: Although the earnings beat was substantial, the shares fell, suggesting investors may have been taking profits or looking for stronger forward guidance and expense control. The stock remains below its 50-day moving average, indicating continued technical pressure.

Bank of New York Mellon Trading Up 3.4%

NYSE BNY opened at $142.29 on Friday. The company has a market capitalization of $96.54 billion, a PE ratio of 16.56, a P/E/G ratio of 1.07 and a beta of 1.06. The company has a fifty day moving average of $154.99 and a 200 day moving average of $146.38. Bank of New York Mellon Corporation has a 1 year low of $103.11 and a 1 year high of $165.84. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.72 and a quick ratio of 0.72.

Bank of New York Mellon (NYSE:BNY – Get Free Report) last posted its quarterly earnings results on Thursday, October 15th. The bank reported $2.37 EPS for the quarter, beating the consensus estimate of $2.26 by $0.11. The company had revenue of $5.68 billion for the quarter. Bank of New York Mellon had a net margin of 15.52% and a return on equity of 16.00%. The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year. Research analysts forecast that Bank of New York Mellon Corporation will post 9.28 earnings per share for the current year.

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.