Monument Capital Management Increases Position in Bank of New York Mellon Corporation $BNY

Monument Capital Management boosted its position in Bank of New York Mellon Corporation (NYSE:BNY) by 201.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,076 shares of the bank’s stock after purchasing an additional 5,398 shares during the period. Monument Capital Management’s holdings in Bank of New York Mellon were worth $1,168,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of Bank of New York Mellon during the 2nd quarter valued at $8,321,111,000. Bank of America Corp DE acquired a new stake in shares of Bank of New York Mellon in the second quarter valued at $2,499,438,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Bank of New York Mellon during the second quarter valued at about $1,214,193,000. Wellington Management Group LLP bought a new position in Bank of New York Mellon during the second quarter valued at about $1,175,576,000. Finally, Amundi acquired a new position in Bank of New York Mellon during the second quarter worth about $985,533,000. 85.31% of the stock is owned by institutional investors.

Key Stories Impacting Bank of New York Mellon

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

• Positive Sentiment: BNY is expanding regulated digital-asset custody services across the European Union under the Markets in Crypto-Assets (MiCA) framework. The move broadens its institutional crypto offering and could create additional fee revenue as European demand for compliant custody grows. BNY Expands Digital Asset Custody in Europe BNY Expands Regulated Crypto Custody Across the European Union Under MiCA
• Positive Sentiment: Wall Street expects earnings growth in BNY’s upcoming report, with Zacks highlighting conditions that could support an earnings beat. The outlook builds on the company’s latest quarter, when earnings and revenue exceeded estimates and revenue rose 13.3% year over year. BNY Reports Next Week: Wall Street Expects Earnings Growth
• Positive Sentiment: Barclays reaffirmed its Buy rating, indicating continued confidence in BNY’s earnings and business prospects. Barclays Reaffirms Their Buy Rating
• Neutral Sentiment: TD Cowen initiated coverage with a Hold rating and a $160 price target, implying analysts see moderate upside but not an immediate catalyst for a stronger bullish view. TD Cowen Initiates Coverage
• Neutral Sentiment: BNY sold 21.24 million shares of TLKM, apparently a portfolio transaction. The sale may affect holdings but does not indicate a change in BNY’s core operating outlook. BNY Sells 21.24 Million TLKM Shares
• Negative Sentiment: Recent reports describe analysts trimming fair-value estimates or recalibrating price targets, contributing to valuation concerns ahead of results. BNY’s stock also recently declined despite a fund adding shares, suggesting continued short-term selling pressure. BNY Stock Gets Fair Value Trim BNY Mellon Stock Falls as Fund Adds Shares

Bank of New York Mellon Stock Up 0.7%

Shares of Bank of New York Mellon stock opened at $143.68 on Friday. Bank of New York Mellon Corporation has a 12-month low of $103.11 and a 12-month high of $165.84. The firm has a market capitalization of $97.49 billion, a PE ratio of 16.73, a price-to-earnings-growth ratio of 1.11 and a beta of 1.06. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.76. The stock’s fifty day moving average is $156.62 and its 200-day moving average is $145.51.

Bank of New York Mellon (NYSE:BNY) last released its quarterly earnings results on Wednesday, July 15th. The bank reported $2.46 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.30. The business had revenue of $5.70 billion during the quarter, compared to analyst estimates of $5.35 billion. Bank of New York Mellon had a return on equity of 16.00% and a net margin of 15.52%.Bank of New York Mellon’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter last year, the company posted $1.93 EPS. Equities analysts anticipate that Bank of New York Mellon Corporation will post 9.28 earnings per share for the current year.

Insider Transactions at Bank of New York Mellon

In other Bank of New York Mellon news, CFO Dermot Mcdonogh sold 31,800 shares of the firm’s 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 can be accessed through this hyperlink. Also, VP Jose Minaya sold 3,520 shares of Bank of New York Mellon stock in a transaction that occurred on 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 transaction, the vice president directly owned 176,824 shares in the company, valued at approximately $26,309,642.96. This trade represents a 1.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 38,840 shares of company stock valued at $6,033,502 over the last ninety days. Insiders own 0.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on BNY. Truist Financial dropped their price target on shares of Bank of New York Mellon from $178.00 to $172.00 and set a “buy” rating on the stock in a research report on Friday, September 25th. Wells Fargo & Company raised their price objective on shares of Bank of New York Mellon from $152.00 to $162.00 and gave the company an “equal weight” rating in a research report on Thursday, July 16th. Keefe, Bruyette & Woods lifted their price objective on shares of Bank of New York Mellon from $166.00 to $177.00 and gave the stock an “outperform” rating in a research note on Thursday, July 16th. Zacks Research downgraded shares of Bank of New York Mellon from a “strong-buy” rating to a “hold” rating in a report on Monday, September 7th. Finally, Erste Group Bank assumed coverage on shares of Bank of New York Mellon in a research note on Wednesday, July 15th. They set a “buy” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.