Bank of New York Mellon Corporation $BNY Stock: Formuepleje A S Cuts Holdings

Formuepleje A S lowered its holdings in shares of Bank of New York Mellon Corporation (NYSE:BNY) by 7.6% in the third quarter, HoldingsChannel reports. The firm owned 62,607 shares of the bank’s stock after selling 5,177 shares during the period. Bank of New York Mellon makes up 0.8% of Formuepleje A S’s portfolio, making the stock its 22nd largest position. Formuepleje A S’s holdings in Bank of New York Mellon were worth $9,055,000 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. Abound Financial LLC bought a new position in Bank of New York Mellon during the fourth quarter worth $25,000. Luken Investment Analytics LLC acquired a new position in shares of Bank of New York Mellon in the second quarter valued at $27,000. Burnham & Co LLC bought a new position in shares of Bank of New York Mellon in the second quarter valued at about $29,000. EFG International AG bought a new position in shares of Bank of New York Mellon in the second quarter valued at about $29,000. Finally, N.E.W. Advisory Services LLC bought a new position in shares of Bank of New York Mellon in the second quarter valued at about $32,000. Institutional investors own 85.31% of the company’s stock.

Bank of New York Mellon Stock Performance

BNY traded up $4.57 during trading on Thursday, hitting $142.21. The stock had a trading volume of 2,837,673 shares, compared to its average volume of 3,691,349. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.72 and a quick ratio of 0.72. The firm has a market cap of $96.49 billion, a price-to-earnings ratio of 16.56, a P/E/G ratio of 1.10 and a beta of 1.06. The company has a 50 day moving average price of $155.31 and a 200-day moving average price of $146.19. Bank of New York Mellon Corporation has a one year low of $103.11 and a one year high of $165.84.

Bank of New York Mellon (NYSE:BNY) last posted its earnings results on Thursday, October 15th. The bank reported $2.37 earnings per share for the quarter, topping analysts’ consensus estimates of $2.26 by $0.11. Bank of New York Mellon had a return on equity of 16.00% and a net margin of 15.52%. The company had revenue of $5.68 billion during the quarter. Bank of New York Mellon’s quarterly revenue was up 11.7% compared to the same quarter last year. As a group, research analysts predict that Bank of New York Mellon Corporation will post 9.28 EPS for the current year.

Insider Activity

In other Bank of New York Mellon news, CFO Dermot Mcdonogh sold 31,800 shares of Bank of New York Mellon stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $155.26, for a total value of $4,937,268.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Jose Minaya sold 3,520 shares of Bank of New York Mellon stock in a transaction dated Monday, September 28th. The stock was sold at an average price of $148.79, for a total transaction of $523,740.80. Following the completion of the sale, the vice president owned 176,824 shares of the company’s stock, valued at $26,309,642.96. This trade represents a 1.95% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 38,840 shares of company stock worth $6,033,502 over the last 90 days. 0.17% of the stock is currently owned by corporate insiders.

Key Stories Impacting Bank of New York Mellon

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

• Positive Sentiment: Third-quarter earnings beat expectations. BNY reported quarterly revenue of $5.68 billion, up 11.7% year over year, while earnings per share reached $2.37 versus the $2.26 consensus estimate. Net income applicable to common shareholders rose to approximately $1.61 billion from $1.34 billion a year earlier. BNY Q3 Earnings and Revenues Beat Estimates
• Positive Sentiment: Fee-based growth and scale supported the quarter. Fee revenue increased about 12%, net interest revenue remained solid, and custody and administration assets grew 10% to $63.4 trillion. These trends reinforce BNY’s asset-servicing franchise and helped drive the earnings beat. BNY Q3 Earnings Beat, Driven by Fee Revenue Growth, Solid NII
• Positive Sentiment: Analyst sentiment improved. A Seeking Alpha analysis called the recent AI-related sell-off excessive and upgraded the stock, while other coverage cited multiple consecutive earnings beats. This may encourage investors to view the recent weakness as a valuation opportunity. Bank of New York Mellon: AI-Driven Sell-Off Is Overdone
• Positive Sentiment: Shareholder returns remain supported. BNY declared a quarterly common dividend of $0.63 per share, payable November 9 to shareholders of record October 26. The company also announced dividends on several preferred-stock series. BNY Declares Dividends
• Neutral Sentiment: Interest-rate conditions remain a focus. BNY’s CEO said current 10-year Treasury yield levels are not unprecedented, suggesting the bank is operating in a manageable rate environment, though future yield movements could affect net interest revenue and market-sensitive businesses. US 10-year Treasury Yield Levels Not Unprecedented, BNY CEO Says
• Positive Sentiment: Digital-market infrastructure continues to expand. BNY completed a tokenized U.S. Treasury triparty repo workflow with Citadel Securities, highlighting potential long-term growth in collateral management and institutional digital-asset services.

Wall Street Analysts Forecast Growth

Several analysts recently commented on BNY shares. Citigroup reduced their target price on shares of Bank of New York Mellon from $172.00 to $160.00 and set a “neutral” rating for the company in a report on Monday, October 5th. Zacks Research lowered shares of Bank of New York Mellon from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 7th. Wells Fargo & Company increased their price target on shares of Bank of New York Mellon from $152.00 to $162.00 and gave the company an “equal weight” rating in a report on Thursday, July 16th. TD Cowen initiated coverage on shares of Bank of New York Mellon in a research report on Thursday, October 8th. They set a “hold” rating and a $160.00 price objective for the company. Finally, Weiss Ratings downgraded 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. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, Bank of New York Mellon currently has a consensus rating of “Moderate Buy” and an average target price of $162.38.

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.