31,864 Bank of New York Mellon Corporation $BNY Shares Acquired by Mather Group LLC.

Mather Group LLC. raised its stake in shares of Bank of New York Mellon Corporation (NYSE:BNY) by 340.5% in the 3rd quarter, HoldingsChannel reports. The firm owned 41,222 shares of the bank’s stock after purchasing an additional 31,864 shares during the period. Mather Group LLC.’s holdings in Bank of New York Mellon were worth $5,962,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of BNY. BlackRock Inc. bought a new position 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 during the 2nd quarter valued at $2,499,438,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Bank of New York Mellon during the 2nd quarter valued at $1,214,193,000. Wellington Management Group LLP purchased a new stake in shares of Bank of New York Mellon during the 2nd quarter valued at $1,175,576,000. Finally, Amundi bought a new stake in shares of Bank of New York Mellon during the 2nd quarter worth $985,533,000. Hedge funds and other institutional investors own 85.31% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on BNY. Zacks Research lowered shares of Bank of New York Mellon from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 7th. Erste Group Bank initiated coverage on Bank of New York Mellon in a research report on Wednesday, July 15th. They set a “buy” rating on the stock. Argus raised their price target on Bank of New York Mellon from $153.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd. Truist Financial dropped their price target on Bank of New York Mellon from $178.00 to $172.00 and set a “buy” rating for the company in a research note on Friday, September 25th. Finally, JPMorgan Chase & Co. upped their price objective on Bank of New York Mellon from $159.00 to $161.00 and gave the stock an “overweight” rating in a report on Friday, October 2nd. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $162.38.

Bank of New York Mellon Trading Up 3.4%

Shares of BNY opened at $142.29 on Friday. The firm has a market cap of $96.54 billion, a price-to-earnings ratio of 16.56, a PEG ratio of 1.07 and a beta of 1.06. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.72 and a current ratio of 0.72. Bank of New York Mellon Corporation has a fifty-two week low of $103.11 and a fifty-two week high of $165.84. The firm has a 50 day moving average price of $154.99 and a 200-day moving average price of $146.38.

Bank of New York Mellon (NYSE:BNY) last issued its earnings results on Thursday, October 15th. The bank reported $2.37 EPS for the quarter, topping analysts’ consensus estimates of $2.26 by $0.11. The company had revenue of $5.68 billion for the quarter. Bank of New York Mellon had a net margin of 15.52% and a return on equity of 16.00%. The company’s revenue was up 11.7% on a year-over-year basis. As a group, equities research analysts forecast that Bank of New York Mellon Corporation will post 9.28 earnings per share 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: Quarterly earnings exceeded expectations. BNY reported third-quarter EPS of $2.37 versus the $2.26 consensus estimate, while revenue reached $5.68 billion, an 11.7% year-over-year increase. Net income attributable to shareholders rose to approximately $1.61 billion from $1.34 billion a year earlier. BNY Q3 Earnings and Revenues Beat Estimates
• Positive Sentiment: Growth was broad-based. Higher fee revenue, net interest income and asset balances supported the results, while custody and administration assets reportedly climbed 10% to $63.4 trillion. Rising expenses were a partial offset. BNY Q3 Earnings Beat Estimates on Fee Income and NII Growth
• Positive Sentiment: BNY maintained its shareholder-return appeal. The board declared a quarterly common-stock dividend of $0.63 per share, payable November 9 to eligible shareholders, along with dividends on several preferred series. BNY Declares Dividends
• Positive Sentiment: Strategic and analyst support provided additional positives. BNY completed its first tokenized Treasury repo with Citadel Securities and was upgraded by at least one Seeking Alpha contributor; analysts elsewhere assigned a “Moderate Buy” view. BNY Completes First Tokenized Treasury Repo
• Neutral Sentiment: BNY’s CEO said current 10-year Treasury yield levels are not unprecedented, offering reassurance about the interest-rate environment but no clear near-term earnings catalyst. US 10-year Treasury Yield Levels Not Unprecedented
• Neutral Sentiment: Azerbaijan’s central bank discussed expanding cooperation with BNY, but the report provided no financial terms or measurable earnings impact. Azerbaijan’s CBA Discusses Expanding Cooperation with BNY Mellon
• Negative Sentiment: Although the earnings beat was substantial, the shares fell, suggesting investors may have been taking profits or looking for stronger forward guidance and expense control. The stock remains below its 50-day moving average, indicating continued technical pressure.

Insider Transactions at Bank of New York Mellon

In other news, VP Jose Minaya sold 3,520 shares of the business’s stock in a transaction dated Monday, September 28th. The stock was sold at an average price of $148.79, for a total value of $523,740.80. Following the completion of the sale, the vice president owned 176,824 shares of the company’s stock, valued at approximately $26,309,642.96. The trade was a 1.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Dermot Mcdonogh sold 31,800 shares of the business’s stock in a transaction that occurred 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 disclosure for this sale is available in the SEC filing. Insiders have sold 38,840 shares of company stock worth $6,033,502 over the last ninety days. Insiders own 0.17% of the company’s stock.

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.