Bank of New York Mellon Corporation $BNY Stock Bought by Courier Capital LLC

Courier Capital LLC lifted its stake in shares of Bank of New York Mellon Corporation (NYSE:BNY) by 51.2% in the third quarter, Holdings Channel.com reports. The fund owned 19,142 shares of the bank’s stock after acquiring an additional 6,481 shares during the quarter. Courier Capital LLC’s holdings in Bank of New York Mellon were worth $2,769,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BNY. BlackRock Inc. bought a new stake in Bank of New York Mellon in the second quarter valued at approximately $8,321,111,000. Bank of America Corp DE acquired a new stake in Bank of New York Mellon during the 2nd quarter valued at approximately $2,499,438,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Bank of New York Mellon during the 2nd quarter valued at approximately $1,214,193,000. Wellington Management Group LLP bought a new position in Bank of New York Mellon during the 2nd quarter worth approximately $1,175,576,000. Finally, Amundi bought a new position in Bank of New York Mellon during the 2nd quarter worth approximately $985,533,000. 85.31% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BNY has been the topic of a number of recent analyst reports. Bank of America boosted their price target on shares of Bank of New York Mellon from $165.00 to $175.00 and gave the stock a “buy” rating in a research report on Monday, July 20th. Wells Fargo & Company increased their price objective on shares of Bank of New York Mellon from $152.00 to $162.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 16th. Erste Group Bank started coverage on shares of Bank of New York Mellon in a research note on Wednesday, July 15th. They set a “buy” rating for the company. Citigroup lowered their target price 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 note on Monday, October 5th. Finally, Truist Financial dropped their target price on shares of 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. 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 company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $162.38.

Insider Activity 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 Monday, September 28th. The shares were sold at an average price of $148.79, for a total transaction of $523,740.80. Following the completion of the sale, the vice president owned 176,824 shares of the company’s stock, valued at $26,309,642.96. This trade represents a 1.95% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Dermot Mcdonogh sold 31,800 shares of the firm’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 disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 38,840 shares of company stock worth $6,033,502. Insiders own 0.17% of the company’s stock.

Key Stories Impacting Bank of New York Mellon

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

• Positive Sentiment: Tokenized Treasury and repo capabilities: BNY completed a tokenized U.S. Treasury triparty-repo workflow with Citadel Securities. The development highlights BNY’s role in modernizing collateral management and could strengthen its institutional market infrastructure and custody franchise. BNY Completes Tokenized U.S. Treasury Triparty Repo Workflow with Citadel Securities
• Positive Sentiment: Digital-asset expansion: BNY is expanding its digital-asset custody platform to selected institutional clients in the European Union. The initiative could create future fee opportunities and reinforce the bank’s position as traditional financial institutions adopt tokenized assets. BNY Expands Digital Asset Custody Platform to Select Institutional Clients in EU
• Positive Sentiment: Analyst target and earnings estimates: TD Cowen set a $160 price target, implying meaningful upside from recent trading levels. Erste Group Bank also raised its fiscal 2026 EPS forecast slightly to $9.26 and maintained a “Buy” rating, broadly in line with the $9.27 consensus estimate. TD Cowen sets USD 160.00 target for BNY Mellon stock
• Positive Sentiment: Q3 earnings expectations: Analysts expect higher fee income and net interest income, supported by asset growth and stronger client activity, to lift quarterly results. These trends could offset some pressure from rising expenses. Growth in Fee Income, Higher NII Likely to Support BNY’s Q3 Earnings
• Neutral Sentiment: Key earnings test: BNY’s upcoming results will be judged against expectations for the quarter ended September 2026, with investors watching operating metrics beyond revenue and EPS. Wall Street’s Insights Into Key Metrics Ahead of BNY Q3 Earnings
• Negative Sentiment: Expense and event risk: Higher operating expenses remain a concern, and the stock’s recent trading below its 50-day and 200-day moving averages suggests investors may be waiting for a clear earnings beat or stronger outlook before rebuilding positions.

Bank of New York Mellon Trading Down 1.3%

Shares of Bank of New York Mellon stock traded down $1.86 on Tuesday, hitting $140.99. 4,542,587 shares of the company’s stock traded hands, compared to its average volume of 3,677,163. Bank of New York Mellon Corporation has a one year low of $103.11 and a one 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. The company has a fifty day moving average of $156.06 and a two-hundred day moving average of $145.87. The company has a market capitalization of $95.66 billion, a price-to-earnings ratio of 16.41, a price-to-earnings-growth ratio of 1.11 and a beta of 1.06.

Bank of New York Mellon (NYSE:BNY) last released its 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 business had revenue of $5.70 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter last year, the firm posted $1.93 earnings per share. As a group, sell-side analysts expect that Bank of New York Mellon Corporation will post 9.27 earnings per share for the current year.

About Bank of New York Mellon

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.