34,374 Bank of New York Mellon Corporation $BNY Shares Bought by Summit Global Investments

Summit Global Investments boosted its holdings in Bank of New York Mellon Corporation (NYSE:BNY) by 312.9% in the third quarter, HoldingsChannel reports. The institutional investor owned 45,360 shares of the bank’s stock after purchasing an additional 34,374 shares during the quarter. Summit Global Investments’ holdings in Bank of New York Mellon were worth $6,560,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Americana Partners LLC raised its stake in Bank of New York Mellon by 7.0% during the 3rd quarter. Americana Partners LLC now owns 1,576 shares of the bank’s stock valued at $228,000 after purchasing an additional 103 shares during the period. Aprio Wealth Management LLC lifted its holdings in Bank of New York Mellon by 28.8% in the 3rd quarter. Aprio Wealth Management LLC now owns 4,783 shares of the bank’s stock worth $692,000 after purchasing an additional 1,070 shares in the last quarter. Avestar Capital LLC lifted its holdings in Bank of New York Mellon by 6.5% in the 3rd quarter. Avestar Capital LLC now owns 4,970 shares of the bank’s stock worth $719,000 after purchasing an additional 304 shares in the last quarter. International Assets Investment Management LLC boosted its stake in Bank of New York Mellon by 11,422.1% in the 3rd quarter. International Assets Investment Management LLC now owns 461,000 shares of the bank’s stock worth $66,674,000 after purchasing an additional 456,999 shares during the period. Finally, Parcion Private Wealth LLC boosted its stake in Bank of New York Mellon by 14.1% in the 3rd quarter. Parcion Private Wealth LLC now owns 3,910 shares of the bank’s stock worth $566,000 after purchasing an additional 483 shares during the period. 85.31% of the stock is owned by institutional investors.

Trending Headlines about Bank of New York Mellon

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

• Positive Sentiment: JPMorgan raised its price target for BNY from $161.00 to $166.50 and maintained an “overweight” rating. The new target implies approximately 13.2% upside from the referenced share price, potentially supporting investor confidence.
• Positive Sentiment: BNY’s latest quarterly results exceeded expectations: earnings per share reached $2.37 versus the $2.26 consensus estimate, while revenue increased 11.7% year over year to $5.68 billion. Analysts expect approximately $9.39 in full-year EPS.
• Positive Sentiment: The company’s expanded collaboration with Ripple in digital-asset custody and tokenized trade finance could create longer-term growth opportunities in institutional custody and transaction services. BNY and Ripple collaboration article
• Neutral Sentiment: BNY trades below the broader analyst consensus target of $164.62, with one Strong Buy, seven Buy and six Hold ratings. However, valuation commentary suggests the shares are close to fair value after a substantial 268% run, limiting the potential for further multiple expansion. BNY valuation analysis
• Neutral Sentiment: Institutional ownership remains high at approximately 85%, and several funds recently increased their positions. This provides a supportive ownership backdrop, though it is not necessarily a new catalyst for the shares.
• Negative Sentiment: CEO Robin Vince sold shares in multiple transactions, including 9,380 shares valued at approximately $1.39 million; reports also cite combined sales of 50,000 shares worth about $7.39 million over October 26–27. Vice President Jose Minaya separately sold 3,520 shares worth approximately $520,000. Although these transactions may be routine or scheduled, the reduction in insider holdings could weigh on sentiment. BNY insider selling report

Insider Buying and Selling

In other news, VP Jose Minaya sold 3,520 shares of the stock in a transaction that occurred on Tuesday, October 27th. The stock was sold at an average price of $147.81, for a total transaction of $520,291.20. Following the completion of the transaction, the vice president directly owned 173,304 shares in the company, valued at approximately $25,616,064.24. This represents a 1.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robin A. Vince sold 9,380 shares of the stock in a transaction that occurred on Tuesday, October 27th. The shares were sold at an average price of $147.82, for a total value of $1,386,551.60. Following the transaction, the chief executive officer owned 575,794 shares of the company’s stock, valued at $85,113,869.08. This represents a 1.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 60,560 shares of company stock worth $9,007,119. Corporate insiders own 0.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have 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 report on Monday, September 7th. Barclays boosted their target price on shares of 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. Weiss Ratings lowered shares of Bank of New York Mellon from a “buy (a)” rating to a “buy (a-)” rating in a research report on Thursday, August 13th. Citigroup cut their target price on shares of Bank of New York Mellon from $160.00 to $157.00 and set a “neutral” rating for the company in a research note on Monday, October 19th. Finally, Royal Bank Of Canada raised their target price on shares of Bank of New York Mellon from $142.00 to $168.00 and gave the company a “sector perform” 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 assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $165.04.

Bank of New York Mellon Trading Down 1.6%

Shares of BNY stock opened at $147.02 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $99.75 billion, a price-to-earnings ratio of 16.25, a price-to-earnings-growth ratio of 0.98 and a beta of 1.06. Bank of New York Mellon Corporation has a 12-month low of $105.42 and a 12-month high of $165.84. The stock’s 50-day moving average price is $151.57 and its 200-day moving average price is $139.28.

Bank of New York Mellon (NYSE:BNY) last announced its quarterly earnings results on Thursday, October 15th. The bank reported $2.37 EPS 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 company had revenue of $5.68 billion during the quarter. Bank of New York Mellon’s revenue was up 11.7% compared to the same quarter last year. Equities research analysts predict that Bank of New York Mellon Corporation will post 9.39 EPS for the current fiscal year.

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.