Bank of New York Mellon Corporation $BNY Stock Acquired by McKinley Carter Wealth Services Inc.

McKinley Carter Wealth Services Inc. increased its stake in shares of Bank of New York Mellon Corporation (NYSE:BNY) by 130.6% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 81,555 shares of the bank’s stock after buying an additional 46,193 shares during the period. McKinley Carter Wealth Services Inc.’s holdings in Bank of New York Mellon were worth $11,795,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in BNY. Luken Investment Analytics LLC acquired a new stake in Bank of New York Mellon in the 2nd quarter valued at about $27,000. Burnham & Co LLC bought a new position in shares of Bank of New York Mellon in the second quarter worth about $29,000. EFG International AG acquired a new position in shares of Bank of New York Mellon during the second quarter worth approximately $29,000. N.E.W. Advisory Services LLC acquired a new position in shares of Bank of New York Mellon during the second quarter worth approximately $32,000. Finally, Retirement Wealth Solutions LLC acquired a new position in shares of Bank of New York Mellon during the second quarter worth approximately $35,000. Institutional investors own 85.31% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Truist Financial dropped their price objective 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. Barclays upped their price objective on Bank of New York Mellon from $149.00 to $178.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. Royal Bank Of Canada increased their price objective on Bank of New York Mellon from $142.00 to $168.00 and gave the company a “sector perform” rating in a research report on Thursday, July 16th. Weiss Ratings cut Bank of New York Mellon from a “buy (a)” rating to a “buy (a-)” rating in a research note on Thursday, August 13th. Finally, New Street Research set a $182.00 target price on Bank of New York Mellon in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have assigned 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 $164.85.

Insiders Place Their Bets

In related news, VP Jose Minaya sold 3,520 shares of the company’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 completion of the sale, the vice president 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 filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Dermot Mcdonogh sold 31,800 shares of the firm’s 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 SEC filing for this sale provides additional information. Over the last three months, insiders have sold 38,840 shares of company stock worth $6,033,502. Insiders own 0.17% of the company’s stock.

Bank of New York Mellon Trading Up 0.8%

NYSE BNY traded up $1.16 during trading on Friday, reaching $143.25. 6,080,091 shares of the stock traded hands, compared to its average volume of 4,283,916. The firm has a market cap of $97.20 billion, a price-to-earnings ratio of 15.83, a price-to-earnings-growth ratio of 1.10 and a beta of 1.06. The stock’s 50-day moving average price is $154.70 and its 200 day moving average price is $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 fifty-two week low of $103.11 and a fifty-two week high of $165.84.

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, beating the consensus estimate of $2.26 by $0.11. The firm had revenue of $5.68 billion during the quarter. Bank of New York Mellon had a net margin of 16.32% and a return on equity of 16.57%. The firm’s revenue was up 11.7% compared to the same quarter last year. Analysts predict that Bank of New York Mellon Corporation will post 9.28 EPS for the current year.

Key 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

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.