Bank of New York Mellon (NYSE:BNY) Given New $166.50 Price Target at JPMorgan Chase & Co.

Bank of New York Mellon (NYSE:BNY) had its price objective raised by JPMorgan Chase & Co. from $161.00 to $166.50 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an overweight rating on the bank’s stock.

Other analysts also recently issued reports about the company. Zacks Research downgraded Bank of New York Mellon from a “strong-buy” rating to a “hold” rating in a report on Monday, September 7th. Keefe, Bruyette & Woods reissued an “outperform” rating on shares of Bank of New York Mellon in a research note on Friday, October 16th. Weiss Ratings lowered Bank of New York Mellon from a “buy (a)” rating to a “buy (a-)” rating in a research report on Thursday, August 13th. New Street Research set a $182.00 target price on Bank of New York Mellon in a research report on Friday, October 16th. Finally, Argus raised their target price on Bank of New York Mellon from $153.00 to $180.00 and gave the stock a “buy” rating in a research note on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $165.04.

Bank of New York Mellon Stock Down 1.6%

Shares of NYSE BNY opened at $147.02 on Friday. The company’s 50 day moving average price is $151.57 and its 200-day moving average price is $139.28. 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 has a 52-week low of $105.42 and a 52-week high of $165.84. The company has a market capitalization of $99.75 billion, a P/E ratio of 16.31, a price-to-earnings-growth ratio of 0.99 and a beta of 1.06.

Bank of New York Mellon (NYSE:BNY) last posted its quarterly earnings data on Thursday, October 15th. The bank reported $2.37 earnings per share for the quarter, topping the consensus estimate of $2.26 by $0.11. Bank of New York Mellon had a net margin of 16.32% and a return on equity of 16.57%. The company had revenue of $5.68 billion during the quarter. The company’s revenue was up 11.7% compared to the same quarter last year. Equities analysts forecast that Bank of New York Mellon will post 9.39 earnings per share for the current year.

Insider Activity

In related news, VP Jose Minaya sold 3,520 shares of the business’s stock in a transaction dated Tuesday, October 27th. The stock was sold at an average price of $147.81, for a total value of $520,291.20. Following the completion of the sale, the vice president directly owned 173,304 shares of the company’s stock, valued at $25,616,064.24. The trade was a 1.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Robin A. Vince sold 40,620 shares of the company’s stock in a transaction that occurred on Monday, October 26th. The stock was sold at an average price of $147.81, for a total value of $6,004,042.20. Following the transaction, the chief executive officer directly 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. The SEC filing for this sale provides additional information. Insiders have sold 60,560 shares of company stock worth $9,007,119 in the last quarter. Company insiders own 0.17% of the company’s stock.

Hedge Funds Weigh In On Bank of New York Mellon

Institutional investors have recently modified their holdings of the company. BlackRock Inc. bought a new stake in shares of Bank of New York Mellon in the 2nd quarter worth $8,321,111,000. Bank of America Corp DE purchased a new stake 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 position in shares of Bank of New York Mellon during the second quarter valued at about $1,214,193,000. Wellington Management Group LLP bought a new position in shares of Bank of New York Mellon during the second quarter valued at about $1,175,576,000. Finally, Amundi purchased a new position in Bank of New York Mellon during the second quarter worth about $985,533,000. 85.31% of the stock is owned by institutional investors and hedge funds.

Bank of New York Mellon News Roundup

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

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.