Sanders Morris Harris LLC Makes New Investment in Bank of New York Mellon Corporation $BNY

Sanders Morris Harris LLC purchased a new position in Bank of New York Mellon Corporation (NYSE:BNY) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 6,092 shares of the bank’s stock, valued at approximately $881,000.

Other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. bought a new stake in Bank of New York Mellon during the second quarter valued at 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 valued at about $2,499,438,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Bank of New York Mellon in the 2nd quarter valued at about $1,214,193,000. Wellington Management Group LLP bought a new stake in shares of Bank of New York Mellon in the 2nd quarter valued at about $1,175,576,000. Finally, Amundi purchased a new position in shares of Bank of New York Mellon in the 2nd quarter worth approximately $985,533,000. 85.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. 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. Bank of America raised their target price on shares of Bank of New York Mellon from $165.00 to $175.00 and gave the company a “buy” rating in a research note on Monday, July 20th. Weiss Ratings lowered shares of Bank of New York Mellon from a “buy (a)” rating to a “buy (a-)” rating in a report on Thursday, August 13th. TD Cowen assumed coverage on shares of Bank of New York Mellon in a report on Thursday, October 8th. They issued a “hold” rating and a $160.00 price target on the stock. Finally, Barclays upped their price target on Bank of New York Mellon from $149.00 to $178.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. 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 stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $162.38.

Trending Headlines about Bank of New York Mellon

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

• Positive Sentiment: BNY completed its first tokenized U.S. Treasury triparty repo workflow with Citadel Securities in minutes. The transaction highlights BNY’s ability to provide faster, blockchain-enabled collateral and financing infrastructure, potentially strengthening its position in digital asset servicing and institutional markets. BNY Completes First Tokenized Treasury Repo with Citadel Securities in Minutes
• Positive Sentiment: Analysts now rate BNY “Moderate Buy”, indicating that Wall Street’s overall view remains favorable. Bank of New York Mellon Corporation Stock Now Rated Moderate Buy
• Positive Sentiment: TD Cowen set a $160 price target, implying analysts see potential upside from recent trading levels. Erste Group Bank also raised its FY2026 EPS forecast slightly to $9.26 and maintained a “Buy” rating; the estimate is close to the $9.28 consensus. TD Cowen Sets $160 Target Erste Group Bank EPS Estimate Update
• Neutral Sentiment: Reports highlighted that BNY faces an upcoming earnings test. The bank’s prior quarter was strong, with revenue up 13.3% year over year and EPS exceeding estimates, but investors will look for continued growth to support the valuation. BNY Mellon Faces Earnings Test
• Neutral Sentiment: Separate reports noted BNY Mellon’s after-hours trading level and its tokenized Treasury initiatives with Citadel Securities, but provided limited new information on near-term earnings or revenue. Citadel Securities and BNY Tokenized Treasury Initiatives

Bank of New York Mellon Stock Performance

Shares of Bank of New York Mellon stock opened at $137.67 on Thursday. The company has a 50 day moving average price of $155.31 and a 200 day moving average price of $146.19. The firm has a market capitalization of $93.41 billion, a P/E ratio of 16.03, a PEG ratio of 1.10 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. Bank of New York Mellon Corporation has a 52 week low of $103.11 and a 52 week high of $165.84.

Bank of New York Mellon (NYSE:BNY) last released its earnings results on Wednesday, July 15th. The bank reported $2.46 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.30. Bank of New York Mellon had a net margin of 15.52% and a return on equity of 16.00%. The company had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.35 billion. During the same quarter in the previous year, the firm earned $1.93 EPS. Bank of New York Mellon’s revenue was up 13.3% compared to the same quarter last year. Sell-side analysts expect that Bank of New York Mellon Corporation will post 9.28 EPS for the current year.

Insiders Place Their Bets

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

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.