Bank of New York Mellon Corporation $BNY Shares Newly Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. bought a new position in Bank of New York Mellon Corporation (NYSE:BNY) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 308,682 shares of the bank’s stock, valued at approximately $44,645,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Stevens Capital Partners purchased a new position in Bank of New York Mellon in the third quarter worth about $208,000. Profund Advisors LLC lifted its position in shares of Bank of New York Mellon by 6.8% in the third quarter. Profund Advisors LLC now owns 7,209 shares of the bank’s stock valued at $1,043,000 after acquiring an additional 461 shares in the last quarter. Vise Technologies Inc. bought a new position in Bank of New York Mellon in the 3rd quarter worth approximately $9,796,000. Summit Global Investments boosted its position in shares of Bank of New York Mellon by 312.9% during the third quarter. Summit Global Investments now owns 45,360 shares of the bank’s stock worth $6,560,000 after acquiring an additional 34,374 shares during the last quarter. Finally, Americana Partners LLC grew its stake in Bank of New York Mellon by 7.0% during the third quarter. Americana Partners LLC now owns 1,576 shares of the bank’s stock valued at $228,000 after acquiring an additional 103 shares in the last quarter. Institutional investors own 85.31% of the company’s stock.

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

Insiders Place Their Bets

In related news, VP Jose Minaya sold 3,520 shares of the company’s stock in a transaction on Tuesday, October 27th. The stock was sold at an average price of $147.81, for a total value of $520,291.20. Following the transaction, the vice president directly owned 173,304 shares of the company’s stock, valued at $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 is available at this hyperlink. Also, CEO Robin A. Vince sold 9,380 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer directly owned 575,794 shares in the company, valued at $85,113,869.08. This represents a 1.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 60,560 shares of company stock valued at $9,007,119 in the last three months. Insiders own 0.17% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Zacks Research lowered 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 upped 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. Weiss Ratings downgraded shares of Bank of New York Mellon from a “buy (a)” rating to a “buy (a-)” rating in a research note on Thursday, August 13th. Bank of America boosted their target price on Bank of New York Mellon from $165.00 to $175.00 and gave the company a “buy” rating in a research report on Monday, July 20th. Finally, Argus boosted their target price 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. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $165.04.

Bank of New York Mellon Stock Performance

Bank of New York Mellon stock opened at $147.02 on Monday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.72 and a current ratio of 0.72. The company has a market capitalization of $99.75 billion, a PE ratio of 16.25, a P/E/G ratio of 0.98 and a beta of 1.06. The company has a 50 day moving average price of $151.57 and a 200-day moving average price of $139.28. Bank of New York Mellon Corporation has a fifty-two week low of $105.42 and a fifty-two week high of $165.84.

Bank of New York Mellon (NYSE:BNY) last released its quarterly earnings data on Thursday, October 15th. The bank reported $2.37 earnings per share 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 return on equity of 16.57% and a net margin of 16.32%. The business’s quarterly revenue was up 11.7% compared to the same quarter last year. As a group, equities analysts forecast that Bank of New York Mellon Corporation will post 9.39 earnings per share for the current 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.