Bank of New York Mellon (NYSE:BNY) Price Target Raised to $168.00

Bank of New York Mellon (NYSE:BNY) had its price objective hoisted by equities research analysts at Royal Bank Of Canada from $142.00 to $168.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a “sector perform” rating on the bank’s stock. Royal Bank Of Canada’s price objective indicates a potential upside of 4.73% from the company’s current price.

Several other equities analysts also recently issued reports on the stock. Morgan Stanley upped their price objective on shares of Bank of New York Mellon from $135.00 to $139.00 and gave the company an “equal weight” rating in a report on Friday, April 17th. Truist Financial lifted their price target on Bank of New York Mellon from $140.00 to $148.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. Erste Group Bank started coverage on Bank of New York Mellon in a report on Wednesday. They set a “buy” rating for the company. Citigroup raised their price target on shares of Bank of New York Mellon from $136.00 to $167.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 23rd. Finally, JPMorgan Chase & Co. raised their target price on shares of Bank of New York Mellon from $140.00 to $149.00 and gave the stock an “overweight” rating in a report on Monday, July 6th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $150.54.

Bank of New York Mellon Trading Down 1.2%

Bank of New York Mellon stock traded down $1.94 during trading hours on Thursday, hitting $160.41. The company had a trading volume of 1,400,372 shares, compared to its average volume of 3,840,343. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.75 and a current ratio of 0.75. The firm has a market cap of $110.10 billion, a P/E ratio of 19.88, a P/E/G ratio of 1.14 and a beta of 1.07. The company has a 50-day moving average price of $142.80 and a two-hundred day moving average price of $129.26. Bank of New York Mellon has a 1 year low of $95.13 and a 1 year high of $163.77.

Bank of New York Mellon (NYSE:BNY) last released its quarterly earnings data on Wednesday, July 15th. The bank reported $2.46 earnings per share for the quarter, topping analysts’ consensus estimates of $2.16 by $0.30. Bank of New York Mellon had a net margin of 14.60% and a return on equity of 15.29%. The company had revenue of $5.70 billion during the quarter, compared to analyst estimates of $5.35 billion. During the same period in the prior year, the firm earned $1.93 earnings per share. The firm’s revenue for the quarter was up 13.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Bank of New York Mellon will post 8.94 earnings per share for the current year.

Insider Activity

In related news, EVP J Kevin Mccarthy sold 30,000 shares of the company’s stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $136.50, for a total value of $4,095,000.00. Following the completion of the transaction, the executive vice president owned 50,238 shares of the company’s stock, valued at approximately $6,857,487. This represents a 37.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Kurtis R. Kurimsky sold 5,290 shares of the business’s stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $136.02, for a total value of $719,545.80. Following the completion of the sale, the insider owned 17,259 shares of the company’s stock, valued at $2,347,569.18. This trade represents a 23.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 48,091 shares of company stock worth $6,568,423. 0.17% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Revolve Wealth Partners LLC acquired a new position in Bank of New York Mellon during the fourth quarter worth about $220,000. Sivia Capital Partners LLC increased its stake in shares of Bank of New York Mellon by 36.6% in the 2nd quarter. Sivia Capital Partners LLC now owns 3,394 shares of the bank’s stock worth $309,000 after acquiring an additional 909 shares during the last quarter. Jump Financial LLC acquired a new stake in Bank of New York Mellon during the second quarter worth about $2,482,000. Treasurer of the State of North Carolina increased its holdings in shares of Bank of New York Mellon by 1.7% during the 2nd quarter. Treasurer of the State of North Carolina now owns 334,388 shares of the bank’s stock worth $30,466,000 after buying an additional 5,445 shares during the last quarter. Finally, Osterweis Capital Management Inc. lifted its holdings in Bank of New York Mellon by 11,890.0% in the second quarter. Osterweis Capital Management Inc. now owns 1,199 shares of the bank’s stock valued at $109,000 after acquiring an additional 1,189 shares during the last quarter. 85.31% of the stock is owned by institutional investors and hedge funds.

Key Bank of New York Mellon News

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

• Positive Sentiment: BNY reported Q2 earnings of $2.46 per share, topping estimates, on revenue of $5.70 billion that also beat forecasts, with revenue up 13.3% year over year. BNY Reports Second Quarter 2026 Results
• Positive Sentiment: The company raised its 2026 revenue outlook to $22.0 billion-$22.2 billion, above consensus, and increased its quarterly dividend by 19%, signaling confidence in future cash generation. BNY Declares Dividends
• Positive Sentiment: Analysts turned more constructive after the results, with Keefe, Bruyette & Woods raising its price target to $177 and Erste Group Bank initiating coverage with a buy rating. Benzinga coverage
• Positive Sentiment: Several commentaries highlighted record revenue, stronger profit, and improving momentum in fees, net interest income, and AI-related client benefits, reinforcing the upbeat long-term narrative. Bloomberg report
• Neutral Sentiment: An unusual spike in put-option buying suggests some traders were hedging ahead of or after earnings, which may reflect caution rather than a clear fundamental concern.
• Negative Sentiment: The stock also faced a “sell the news” reaction in some coverage, with traders focused on the fact that the stronger Q2 results were partly offset by guidance that did not exceed the market’s highest expectations. Seeking Alpha report

Bank of New York Mellon Company 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.