Bank of New York Mellon Corporation $BNY Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. cut its position in shares of Bank of New York Mellon Corporation (NYSE:BNY) by 1.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,441,257 shares of the bank’s stock after selling 28,385 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.21% of Bank of New York Mellon worth $208,449,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of Bank of New York Mellon during the second quarter valued at approximately $8,321,111,000. Bank of America Corp DE purchased a new position in shares of Bank of New York Mellon in the second quarter valued at about $2,499,438,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Bank of New York Mellon during the second quarter valued at approximately $1,214,193,000. Wellington Management Group LLP bought a new position in shares of Bank of New York Mellon during the 2nd quarter valued at about $1,175,576,000. Finally, Amundi purchased a new position in Bank of New York Mellon during the 2nd quarter valued at approximately $985,533,000. Institutional investors own 85.31% of the company’s stock.

Insider Transactions at Bank of New York Mellon

In other news, VP Jose Minaya sold 3,520 shares of the firm’s 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 transaction, the vice president owned 173,304 shares of the company’s stock, valued at approximately $25,616,064.24. This trade represents a 1.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Robin A. Vince sold 40,620 shares of the stock in a transaction that occurred on Monday, October 26th. The stock was sold at an average price of $147.81, for a total transaction of $6,004,042.20. Following the sale, the chief executive officer owned 585,174 shares in the company, valued at approximately $86,494,568.94. This trade represents a 6.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 60,560 shares of company stock worth $9,007,119 in the last ninety days. 0.17% of the stock is currently owned by corporate insiders.

Bank of New York Mellon Price Performance

Shares of NYSE BNY opened at $147.02 on Monday. The firm’s 50 day simple moving average is $151.57 and its 200-day simple moving average is $139.28. The stock has a market capitalization of $99.75 billion, a price-to-earnings ratio of 16.25, a PEG ratio of 0.98 and a beta of 1.06. Bank of New York Mellon Corporation has a 12 month low of $105.42 and a 12 month high of $165.84. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.72 and a quick ratio of 0.72.

Bank of New York Mellon (NYSE:BNY) last announced its earnings results on Thursday, October 15th. The bank reported $2.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.26 by $0.11. The business had revenue of $5.68 billion for 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 for the quarter was up 11.7% compared to the same quarter last year. Analysts expect that Bank of New York Mellon Corporation will post 9.39 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on BNY shares. Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of Bank of New York Mellon in a research report on Friday, October 16th. Royal Bank Of Canada increased their target price on shares of Bank of New York Mellon from $142.00 to $168.00 and gave the company a “sector perform” rating in a research note on Thursday, July 16th. Wells Fargo & Company upped their price objective on Bank of New York Mellon from $152.00 to $162.00 and gave the company an “equal weight” rating in a research report on Thursday, July 16th. Barclays upped their target price on Bank of New York Mellon from $149.00 to $178.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. Finally, New Street Research set a $182.00 price target on Bank of New York Mellon in a report on Friday, October 16th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $165.04.

Trending Headlines about 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 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.