Bank of New York Mellon Corporation $BNY Stock Holdings Raised by Hanson & Doremus Investment Management

Hanson & Doremus Investment Management boosted its position in Bank of New York Mellon Corporation (NYSE:BNY) by 1,669.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,944 shares of the bank’s stock after buying an additional 13,156 shares during the period. Hanson & Doremus Investment Management’s holdings in Bank of New York Mellon were worth $2,017,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Focus Partners Advisor Solutions LLC bought a new position in shares of Bank of New York Mellon in the second quarter valued at approximately $1,128,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of Bank of New York Mellon during the 2nd quarter valued at approximately $13,234,000. Engineers Gate Manager LP bought a new position in Bank of New York Mellon during the second quarter valued at $1,264,000. Corient Private Wealth LP purchased a new stake in Bank of New York Mellon in the second quarter worth $48,434,000. Finally, HB Wealth Management LLC bought a new position in shares of Bank of New York Mellon during the 2nd quarter worth $6,238,000. 85.31% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

BNY has been the topic of a number of analyst reports. Erste Group Bank began coverage on shares of Bank of New York Mellon in a report on Wednesday, July 15th. They set a “buy” rating on the stock. Citigroup decreased their price objective on Bank of New York Mellon from $172.00 to $160.00 and set a “neutral” rating on the stock in a report on Monday, October 5th. Truist Financial cut their price target on shares of Bank of New York Mellon from $172.00 to $165.00 and set a “buy” rating for the company in a research report on Friday. 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. Finally, Barclays raised their price target on Bank of New York Mellon from $149.00 to $178.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $164.85.

Bank of New York Mellon Price Performance

Shares of NYSE BNY opened at $143.25 on Friday. The company has a 50 day moving average of $154.70 and a 200 day moving average of $146.36. 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 Corporation has a twelve month low of $103.11 and a twelve month high of $165.84. The firm has a market cap of $97.20 billion, a P/E ratio of 15.83, a PEG ratio of 1.10 and a beta of 1.06.

Bank of New York Mellon (NYSE:BNY) last announced its quarterly earnings results on Thursday, October 15th. The bank reported $2.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $5.68 billion for the quarter. The firm’s revenue was up 11.7% on a year-over-year basis. As a group, research analysts expect that Bank of New York Mellon Corporation will post 9.28 EPS for the current fiscal year.

Insider Activity at Bank of New York Mellon

In other news, VP Jose Minaya sold 3,520 shares of the company’s stock in a transaction on 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 directly owned 176,824 shares in the company, valued at $26,309,642.96. This represents a 1.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Dermot Mcdonogh sold 31,800 shares of the stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $155.26, for a total transaction of $4,937,268.00. The SEC filing for this sale provides additional information. Insiders sold 38,840 shares of company stock worth $6,033,502 over the last quarter. Insiders own 0.17% of the company’s stock.

Key Headlines Impacting Bank of New York Mellon

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 Company 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.