Artemis Investment Management LLP Buys 6,442 Shares of Bank of New York Mellon Corporation $BNY

Artemis Investment Management LLP lifted its stake in Bank of New York Mellon Corporation (NYSE:BNY) by 0.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 900,732 shares of the bank’s stock after purchasing an additional 6,442 shares during the period. Artemis Investment Management LLP owned about 0.13% of Bank of New York Mellon worth $130,273,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Titleist Asset Management LLC grew its holdings in Bank of New York Mellon by 958.3% during the 3rd quarter. Titleist Asset Management LLC now owns 27,040 shares of the bank’s stock worth $3,911,000 after acquiring an additional 24,485 shares in the last quarter. Apella Capital LLC raised its holdings in shares of Bank of New York Mellon by 85.4% in the 3rd quarter. Apella Capital LLC now owns 13,087 shares of the bank’s stock valued at $1,893,000 after purchasing an additional 6,030 shares in the last quarter. Everhart Financial Group Inc. lifted its position in shares of Bank of New York Mellon by 42.1% during the 3rd quarter. Everhart Financial Group Inc. now owns 4,294 shares of the bank’s stock worth $621,000 after purchasing an additional 1,273 shares during the last quarter. Avidian Wealth Enterprises LLC lifted its position in shares of Bank of New York Mellon by 177.4% during the 3rd quarter. Avidian Wealth Enterprises LLC now owns 10,425 shares of the bank’s stock worth $1,508,000 after purchasing an additional 6,667 shares during the last quarter. Finally, Toth Financial Advisory Corp acquired a new position in shares of Bank of New York Mellon during the third quarter worth $3,537,000. 85.31% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Key Headlines Impacting Bank of New York Mellon

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

• Positive Sentiment: Wall Street expects BNY to deliver year-over-year earnings growth next week, and Zacks says the company has factors that could support an earnings beat. Strong results could reinforce the stock’s long-term momentum. BNY Reports Next Week: Wall Street Expects Earnings Growth
• Positive Sentiment: Barclays reaffirmed its “buy” rating, indicating continued confidence in BNY’s earnings outlook and valuation. Barclays Reaffirms Its Buy Rating
• Neutral Sentiment: TD Cowen initiated coverage with a “hold” rating and a $160 price target. The target implies meaningful upside from recent trading levels, but the neutral rating suggests the firm sees a balanced risk-reward profile.
• Neutral Sentiment: Options-market activity has drawn attention ahead of earnings, but the available report does not establish whether traders are positioning for a sustained rally or increased volatility. Options Market Activity in BNY
• Negative Sentiment: Analysts have trimmed fair-value estimates and price targets, with coverage citing recalibrated expectations and a view that the stock may already reflect higher third-quarter earnings forecasts. This reduces the potential for further near-term gains. BNY Stock Gets Fair Value Trim
• Negative Sentiment: The stock has declined ahead of results despite a fund adding shares, suggesting broader profit-taking or caution may be outweighing that buying activity. BNY Mellon Stock Falls as Fund Adds Shares

Bank of New York Mellon Stock Performance

Shares of Bank of New York Mellon stock traded up $0.10 on Thursday, hitting $142.82. The stock had a trading volume of 1,416,256 shares, compared to its average volume of 3,674,140. The stock has a market cap of $96.90 billion, a price-to-earnings ratio of 16.63, a P/E/G ratio of 1.12 and a beta of 1.06. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.76. Bank of New York Mellon Corporation has a 52-week low of $103.11 and a 52-week high of $165.84. The company’s 50 day moving average price is $156.87 and its 200 day moving average price is $145.31.

Bank of New York Mellon (NYSE:BNY) last released its quarterly earnings results on Wednesday, July 15th. The bank reported $2.46 EPS for the quarter, topping the consensus estimate of $2.16 by $0.30. The company had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.35 billion. Bank of New York Mellon had a return on equity of 16.00% and a net margin of 15.52%.The firm’s revenue was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.93 earnings per share. On average, research analysts anticipate that Bank of New York Mellon Corporation will post 9.28 EPS for the current year.

Analyst Ratings Changes

BNY has been the topic of several recent analyst reports. Wells Fargo & Company increased their target price on Bank of New York Mellon from $152.00 to $162.00 and gave the company an “equal weight” rating in a report on Thursday, July 16th. Truist Financial dropped their price objective on Bank of New York Mellon from $178.00 to $172.00 and set a “buy” rating on the stock in a report on Friday, September 25th. JPMorgan Chase & Co. raised their target price on Bank of New York Mellon from $159.00 to $161.00 and gave the stock an “overweight” rating in a research report on Friday, October 2nd. Zacks Research cut Bank of New York Mellon from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 7th. Finally, Bank of America increased their price target on shares of Bank of New York Mellon from $165.00 to $175.00 and gave the company a “buy” rating in a research note on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $162.38.

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.