Monument Capital Management Acquires 5,398 Shares of Bank of New York Mellon Corporation $BNY

Monument Capital Management lifted its holdings in Bank of New York Mellon Corporation (NYSE:BNY) by 201.6% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 8,076 shares of the bank’s stock after buying an additional 5,398 shares during the quarter. Monument Capital Management’s holdings in Bank of New York Mellon were worth $1,168,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of BNY. BlackRock Inc. acquired a new stake in Bank of New York Mellon during the second quarter worth about $8,321,111,000. Bank of America Corp DE bought a new position in Bank of New York Mellon in the second quarter worth about $2,499,438,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Bank of New York Mellon in the second quarter valued at approximately $1,214,193,000. Wellington Management Group LLP acquired a new position in Bank of New York Mellon in the second quarter valued at approximately $1,175,576,000. Finally, Amundi bought a new position in shares of Bank of New York Mellon during the second quarter valued at approximately $985,533,000. Institutional investors own 85.31% of the company’s stock.

Key Bank of New York Mellon News

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

• Positive Sentiment: BNY is expanding regulated digital-asset custody services across the European Union under the Markets in Crypto-Assets (MiCA) framework. The move broadens its institutional crypto offering and could create additional fee revenue as European demand for compliant custody grows. BNY Expands Digital Asset Custody in Europe BNY Expands Regulated Crypto Custody Across the European Union Under MiCA
• Positive Sentiment: Wall Street expects earnings growth in BNY’s upcoming report, with Zacks highlighting conditions that could support an earnings beat. The outlook builds on the company’s latest quarter, when earnings and revenue exceeded estimates and revenue rose 13.3% year over year. BNY Reports Next Week: Wall Street Expects Earnings Growth
• Positive Sentiment: Barclays reaffirmed its Buy rating, indicating continued confidence in BNY’s earnings and business prospects. Barclays Reaffirms Their Buy Rating
• Neutral Sentiment: TD Cowen initiated coverage with a Hold rating and a $160 price target, implying analysts see moderate upside but not an immediate catalyst for a stronger bullish view. TD Cowen Initiates Coverage
• Neutral Sentiment: BNY sold 21.24 million shares of TLKM, apparently a portfolio transaction. The sale may affect holdings but does not indicate a change in BNY’s core operating outlook. BNY Sells 21.24 Million TLKM Shares
• Negative Sentiment: Recent reports describe analysts trimming fair-value estimates or recalibrating price targets, contributing to valuation concerns ahead of results. BNY’s stock also recently declined despite a fund adding shares, suggesting continued short-term selling pressure. BNY Stock Gets Fair Value Trim BNY Mellon Stock Falls as Fund Adds Shares

Wall Street Analyst Weigh In

Several analysts recently issued reports on BNY shares. Weiss Ratings downgraded Bank of New York Mellon from a “buy (a)” rating to a “buy (a-)” rating in a report on Thursday, August 13th. Citigroup lowered their price objective on 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. Erste Group Bank assumed coverage on Bank of New York Mellon in a research report on Wednesday, July 15th. They issued a “buy” rating on the stock. JPMorgan Chase & Co. raised their target price on Bank of New York Mellon from $159.00 to $161.00 and gave the company an “overweight” rating in a research note on Friday, October 2nd. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Bank of New York Mellon from $166.00 to $177.00 and gave the company an “outperform” rating in a report on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $162.38.

Insider Buying and Selling at Bank of New York Mellon

In other news, CFO Dermot Mcdonogh sold 31,800 shares of the stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $155.26, for a total value of $4,937,268.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Jose Minaya sold 3,520 shares of the firm’s stock in a transaction on Monday, September 28th. The shares were sold at an average price of $148.79, for a total value of $523,740.80. Following 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 38,840 shares of company stock valued at $6,033,502. Company insiders own 0.17% of the company’s stock.

Bank of New York Mellon Stock Performance

BNY opened at $143.68 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.76. The business’s 50 day moving average is $156.62 and its 200-day moving average is $145.51. The stock has a market cap of $97.49 billion, a PE ratio of 16.73, a price-to-earnings-growth ratio of 1.11 and a beta of 1.06. Bank of New York Mellon Corporation has a twelve month low of $103.11 and a twelve month high of $165.84.

Bank of New York Mellon (NYSE:BNY) last issued its quarterly earnings data on Wednesday, July 15th. The bank reported $2.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.16 by $0.30. The business had revenue of $5.70 billion during 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 business’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.93 EPS. On average, analysts predict that Bank of New York Mellon Corporation will post 9.28 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.