QP Wealth Management LLC Purchases 6,549 Shares of Bank of New York Mellon Corporation $BNY

QP Wealth Management LLC acquired a new stake in Bank of New York Mellon Corporation (NYSE:BNY) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 6,549 shares of the bank’s stock, valued at approximately $947,000. Bank of New York Mellon makes up about 1.4% of QP Wealth Management LLC’s portfolio, making the stock its 27th largest holding.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. McGlone Suttner Wealth Management Inc. boosted its holdings in Bank of New York Mellon by 0.8% in the third quarter. McGlone Suttner Wealth Management Inc. now owns 10,071 shares of the bank’s stock valued at $1,457,000 after purchasing an additional 77 shares in the last quarter. Cornerstone Financial Management LLC increased its position in Bank of New York Mellon by 11.4% during the second quarter. Cornerstone Financial Management LLC now owns 784 shares of the bank’s stock worth $113,000 after buying an additional 80 shares during the period. Physician Wealth Advisors Inc. lifted its stake in Bank of New York Mellon by 49.5% in the third quarter. Physician Wealth Advisors Inc. now owns 272 shares of the bank’s stock valued at $39,000 after buying an additional 90 shares during the last quarter. Riversedge Advisors LLC lifted its stake in Bank of New York Mellon by 3.1% in the third quarter. Riversedge Advisors LLC now owns 3,035 shares of the bank’s stock valued at $439,000 after buying an additional 92 shares during the last quarter. Finally, 55 North Private Wealth LLC boosted its holdings in shares of Bank of New York Mellon by 5.5% in the third quarter. 55 North Private Wealth LLC now owns 2,018 shares of the bank’s stock valued at $292,000 after acquiring an additional 105 shares during the period. 85.31% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Bank of New York Mellon

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

• Positive Sentiment: Strong third-quarter performance: Reports indicate that all three business segments delivered profit growth, while BNY raised its full-year guidance again. The results reinforce the bank’s earnings momentum and support the bullish case for the shares. Bank of New York Mellon Q3 2026 Earnings
• Positive Sentiment: Bear Stearns litigation win: A court backed BNY Mellon in a long-running foreclosure dispute involving Bear Stearns mortgage trusts. The decision could reduce legal uncertainty and potential financial exposure for the company. Court backs BNY Mellon in Bear Stearns trust foreclosure saga
• Positive Sentiment: Higher Morgan Stanley target: Morgan Stanley raised its price target for BNY to $152, signaling improved expectations for the company’s earnings or valuation. Morgan Stanley raises target for BNY Mellon stock

Bank of New York Mellon Price Performance

BNY stock opened at $143.96 on Wednesday. The stock’s 50 day moving average price is $154.04 and its 200 day moving average price is $146.91. The firm has a market cap of $97.68 billion, a P/E ratio of 15.91, a PEG ratio of 1.03 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. Bank of New York Mellon Corporation has a 1 year low of $105.36 and a 1 year high of $165.84.

Bank of New York Mellon (NYSE:BNY) last issued its quarterly earnings results on Thursday, October 15th. The bank reported $2.37 EPS for the quarter, topping analysts’ consensus estimates of $2.26 by $0.11. The business had revenue of $5.68 billion during the quarter. Bank of New York Mellon had a net margin of 16.32% and a return on equity of 16.57%. The company’s revenue was up 11.7% compared to the same quarter last year. On average, sell-side analysts expect that Bank of New York Mellon Corporation will post 9.35 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on BNY. Barclays upped their target price on shares of Bank of New York Mellon from $149.00 to $178.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. Zacks Research downgraded shares of Bank of New York Mellon from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 7th. Argus raised 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. TD Cowen began coverage on Bank of New York Mellon in a report on Thursday, October 8th. They set a “hold” rating and a $160.00 price target on the stock. Finally, Keefe, Bruyette & Woods restated an “outperform” rating on shares of Bank of New York Mellon in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, Bank of New York Mellon has a consensus rating of “Moderate Buy” and an average target price of $164.62.

Insiders Place Their Bets

In related news, CFO Dermot Mcdonogh sold 31,800 shares of the stock in a transaction on 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 document filed with the SEC, which can be accessed through the SEC website. Also, VP Jose Minaya sold 3,520 shares of the firm’s stock in a transaction dated Monday, September 28th. The stock was 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 owned 176,824 shares in the company, valued at approximately $26,309,642.96. This trade represents a 1.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 38,840 shares of company stock worth $6,033,502. 0.17% of the stock is owned by company insiders.

Bank of New York Mellon Company Profile

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.