USA Financial Formulas Buys 6,973 Shares of Bank of New York Mellon Corporation $BNY

USA Financial Formulas bought a new stake in Bank of New York Mellon Corporation (NYSE:BNY) during the third quarter, Holdings Channel.com reports. The firm bought 6,973 shares of the bank’s stock, valued at approximately $1,048,000.

Other large investors have also modified their holdings of the company. Forum Financial Management LP grew its holdings in shares of Bank of New York Mellon by 11.8% during the 3rd quarter. Forum Financial Management LP now owns 10,478 shares of the bank’s stock worth $1,589,000 after purchasing an additional 1,110 shares during the period. Kintegral Advisory LLC increased its position in shares of Bank of New York Mellon by 3.9% during the 3rd quarter. Kintegral Advisory LLC now owns 101,946 shares of the bank’s stock worth $14,939,000 after purchasing an additional 3,841 shares during the last quarter. New England Research & Management Inc. increased its position in shares of Bank of New York Mellon by 381.3% during the 3rd quarter. New England Research & Management Inc. now owns 8,182 shares of the bank’s stock worth $1,183,000 after purchasing an additional 6,482 shares during the last quarter. McKinley Carter Wealth Services Inc. raised its holdings in Bank of New York Mellon by 130.6% in the 3rd quarter. McKinley Carter Wealth Services Inc. now owns 81,555 shares of the bank’s stock valued at $11,795,000 after buying an additional 46,193 shares during the period. Finally, TD Waterhouse Canada Inc. raised its holdings in Bank of New York Mellon by 29.0% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 788,185 shares of the bank’s stock valued at $121,681,000 after buying an additional 177,157 shares during the period. Institutional investors and hedge funds own 85.31% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on BNY. TD Cowen started coverage on shares of Bank of New York Mellon in a research report on Thursday, October 8th. They issued a “hold” rating and a $160.00 target price on the stock. JPMorgan Chase & Co. lifted their price target on shares of Bank of New York Mellon from $159.00 to $161.00 and gave the company an “overweight” rating in a research report on Friday, October 2nd. New Street Research set a $182.00 price target on shares of Bank of New York Mellon in a research report on Friday. Citigroup reduced their price target on shares of Bank of New York Mellon from $172.00 to $160.00 and set a “neutral” rating on the stock in a research note on Monday, October 5th. Finally, Barclays boosted their price target on shares of Bank of New York Mellon from $149.00 to $178.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $164.85.

Insider Activity

In related news, 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 transaction of $523,740.80. Following the completion of the transaction, the vice president directly owned 176,824 shares in the company, valued at $26,309,642.96. This trade represents a 1.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Dermot Mcdonogh sold 31,800 shares of Bank of New York Mellon stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $155.26, for a total value of $4,937,268.00. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 38,840 shares of company stock worth $6,033,502. 0.17% of the stock is owned by corporate insiders.

Bank of New York Mellon Stock Up 0.8%

NYSE:BNY opened at $143.25 on Friday. Bank of New York Mellon Corporation has a 52 week low of $103.11 and a 52 week high of $165.84. The stock’s fifty day moving average is $154.70 and its two-hundred day moving average is $146.36. The stock has a market capitalization of $97.20 billion, a price-to-earnings ratio of 15.83, a price-to-earnings-growth ratio of 1.11 and a beta of 1.06. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.86.

Bank of New York Mellon (NYSE:BNY) last issued its quarterly earnings data on Thursday, October 15th. The bank reported $2.37 earnings per share for the quarter, beating analysts’ consensus estimates of $2.26 by $0.11. Bank of New York Mellon had a return on equity of 16.57% and a net margin of 16.32%. The business had revenue of $5.68 billion during the quarter. The firm’s revenue was up 11.7% compared to the same quarter last year. Research analysts anticipate that Bank of New York Mellon Corporation will post 9.30 EPS for the current year.

More Bank of New York Mellon News

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

• Positive Sentiment: Q3 earnings and revenue exceeded expectations. BNY reported quarterly earnings of approximately $2.37 per share, above the $2.26 analyst consensus, while revenue reached $5.68 billion, up 11.7% year over year. Net income and EPS rose sharply, supported by higher fee revenue, net interest income and expanding asset balances. BNY Q3 Earnings Beat Estimates on Fee Income and NII Growth
• Positive Sentiment: Management raised its outlook. BNY increased its 2026 revenue-growth and operating-leverage expectations, citing strong operating momentum, adoption of artificial intelligence and growth across securities services. Assets under custody and administration reportedly reached $63.4 trillion, reinforcing the company’s scale advantage. BNY Q3 Earnings Call Highlights Raised Outlook and AI Push
• Positive Sentiment: Shareholder returns and strategic initiatives support sentiment. BNY declared a $0.63 quarterly common-stock dividend, and the company announced the VeriCORE initiative with SFA and Snapdocs to modernize asset-backed-securities market infrastructure. BNY Declares Dividends
• Neutral Sentiment: Truist remains bullish but reduced its price target. Truist maintained a “buy” rating while lowering its target from $172 to $165, suggesting continued upside but also a more cautious valuation outlook.
• Neutral Sentiment: CEO Robin Vince said a potential 5.25% 10-year Treasury yield would not be historically unusual. The comments may ease concerns about interest-rate conditions, but they do not materially change BNY’s earnings outlook. US 10-year Treasury Yield Levels Not Unprecedented
• Negative Sentiment: Expenses and AI investment remain risks. Although AI is being embedded throughout the business, BNY has not disclosed the associated costs. Rising expenses could limit the benefit of revenue growth and operating leverage. While Embedding AI Everywhere, BNY Won’t Disclose Costs

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.