Robeco Institutional Asset Management B.V. cut its stake in Bank of New York Mellon Corporation (NYSE:BNY – Free Report) by 5.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,860,621 shares of the bank’s stock after selling 175,392 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Bank of New York Mellon were worth $413,732,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of Bank of New York Mellon during the 2nd quarter worth about $8,321,111,000. Bank of America Corp DE purchased a new stake in shares of Bank of New York Mellon during the second quarter worth approximately $2,499,438,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Bank of New York Mellon in the 2nd quarter valued at $1,214,193,000. Wellington Management Group LLP acquired a new position in Bank of New York Mellon in the 2nd quarter valued at $1,175,576,000. Finally, Amundi purchased a new position in Bank of New York Mellon in the 2nd quarter valued at $985,533,000. Hedge funds and other institutional investors own 85.31% of the company’s stock.
Insider Activity at Bank of New York Mellon
In other news, CFO Dermot Mcdonogh sold 31,800 shares of the company’s stock in a transaction on 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 this hyperlink. Also, VP Jose Minaya sold 3,520 shares of the firm’s stock in a transaction dated Monday, September 28th. The stock was sold at an average price of $148.79, for a total value of $523,740.80. Following the transaction, the vice president directly owned 176,824 shares in the company, valued at approximately $26,309,642.96. The trade was 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 quarter. 0.17% of the stock is currently owned by insiders.
Analyst Ratings Changes
A number of equities analysts recently weighed in on BNY shares. Wells Fargo & Company boosted their price target on shares of Bank of New York Mellon from $152.00 to $162.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 16th. Erste Group Bank assumed coverage on Bank of New York Mellon in a research note on Wednesday, July 15th. They set a “buy” rating on the stock. Truist Financial dropped their target price on Bank of New York Mellon from $172.00 to $165.00 and set a “buy” rating for the company in a report on Friday, October 16th. Zacks Research downgraded Bank of New York Mellon from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 7th. Finally, Royal Bank Of Canada lifted their price target on Bank of New York Mellon from $142.00 to $168.00 and gave the stock a “sector perform” rating in a report on Thursday, July 16th. One 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 company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $164.62.
View Our Latest Stock Analysis on Bank of New York Mellon
Bank of New York Mellon Price Performance
BNY stock opened at $143.96 on Wednesday. Bank of New York Mellon Corporation has a 1 year low of $105.36 and a 1 year high of $165.84. The business’s 50-day moving average is $154.04 and its two-hundred day moving average is $146.91. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.72 and a quick ratio of 0.72. The firm has a market capitalization of $97.68 billion, a P/E ratio of 15.91, a P/E/G ratio of 1.03 and a beta of 1.06.
Bank of New York Mellon (NYSE:BNY – Get Free Report) last announced its quarterly earnings data on Thursday, October 15th. The bank reported $2.37 EPS for the quarter, beating analysts’ consensus estimates of $2.26 by $0.11. The company had revenue of $5.68 billion for the quarter. Bank of New York Mellon had a net margin of 16.32% and a return on equity of 16.57%. Bank of New York Mellon’s revenue was up 11.7% on a year-over-year basis. Analysts anticipate that Bank of New York Mellon Corporation will post 9.35 earnings per share for the current fiscal year.
Trending Headlines about Bank of New York Mellon
Here are the key news stories impacting Bank of New York Mellon this week:
- Positive Sentiment: Strong third-quarter performance: Reports indicate that all three business segments delivered profit growth, while BNY raised its full-year guidance again. The results reinforce the bank’s earnings momentum and support the bullish case for the shares. Bank of New York Mellon Q3 2026 Earnings
- Positive Sentiment: Bear Stearns litigation win: A court backed BNY Mellon in a long-running foreclosure dispute involving Bear Stearns mortgage trusts. The decision could reduce legal uncertainty and potential financial exposure for the company. Court backs BNY Mellon in Bear Stearns trust foreclosure saga
- Positive Sentiment: Higher Morgan Stanley target: Morgan Stanley raised its price target for BNY to $152, signaling improved expectations for the company’s earnings or valuation. Morgan Stanley raises target for BNY Mellon stock
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.
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