Bank of New York Mellon (NYSE:BNY) Stock: Insider Jose Minaya Sells 3,520 Shares

Bank of New York Mellon Corporation (NYSE:BNY) VP Jose Minaya sold 3,520 shares of Bank of New York Mellon stock in a transaction on Tuesday, October 27th. The stock was sold at an average price of $147.81, for a total transaction of $520,291.20. Following the completion of the transaction, the vice president directly owned 173,304 shares of the company’s stock, valued at $25,616,064.24. The trade was a 1.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Jose Minaya also recently made the following trade(s):

• On Monday, September 28th, Jose Minaya sold 3,520 shares of Bank of New York Mellon stock. The shares were sold at an average price of $148.79, for a total transaction of $523,740.80.
• On Thursday, August 27th, Jose Minaya sold 3,520 shares of Bank of New York Mellon stock. The shares were sold at an average price of $162.64, for a total transaction of $572,492.80.

Bank of New York Mellon Stock Down 1.6%

Shares of NYSE:BNY opened at $147.02 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.86. Bank of New York Mellon Corporation has a 12 month low of $105.42 and a 12 month high of $165.84. The company has a 50-day moving average price of $151.57 and a 200 day moving average price of $139.28. The company has a market cap of $99.75 billion, a price-to-earnings ratio of 16.31, a PEG ratio of 0.99 and a beta of 1.06.

Bank of New York Mellon (NYSE:BNY) last issued its quarterly earnings data on Thursday, October 15th. The bank reported $2.37 earnings per share for the quarter, topping the consensus estimate of $2.26 by $0.11. Bank of New York Mellon had a return on equity of 16.57% and a net margin of 16.32%. The company had revenue of $5.68 billion for the quarter. Bank of New York Mellon’s quarterly revenue was up 11.7% compared to the same quarter last year. As a group, equities research analysts predict that Bank of New York Mellon Corporation will post 9.39 earnings per share for the current year.

Hedge Funds Weigh In On Bank of New York Mellon

Several hedge funds have recently added to or reduced their stakes in the company. Richardson Financial Services Inc. grew its stake in shares of Bank of New York Mellon by 8.7% during the third quarter. Richardson Financial Services Inc. now owns 3,060 shares of the bank’s stock valued at $443,000 after buying an additional 245 shares during the last quarter. Ascent Group LLC raised its holdings in shares of Bank of New York Mellon by 7.3% in the third quarter. Ascent Group LLC now owns 23,417 shares of the bank’s stock worth $3,387,000 after buying an additional 1,599 shares during the period. Caldwell Trust Co lifted its stake in shares of Bank of New York Mellon by 93.0% during the 3rd quarter. Caldwell Trust Co now owns 2,046 shares of the bank’s stock worth $296,000 after acquiring an additional 986 shares during the last quarter. 3Chopt Investment Partners LLC lifted its stake in shares of Bank of New York Mellon by 86.7% during the 3rd quarter. 3Chopt Investment Partners LLC now owns 3,842 shares of the bank’s stock worth $556,000 after acquiring an additional 1,784 shares during the last quarter. Finally, Rakuten Investment Management Inc. lifted its stake in shares of Bank of New York Mellon by 8.5% during the 3rd quarter. Rakuten Investment Management Inc. now owns 121,784 shares of the bank’s stock worth $17,900,000 after acquiring an additional 9,489 shares during the last quarter. 85.31% of the stock is currently owned by institutional investors.

Key Headlines Impacting 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

Analyst Ratings Changes

A number of equities analysts have recently commented on BNY shares. Citigroup dropped their target price on Bank of New York Mellon from $160.00 to $157.00 and set a “neutral” rating for the company in a report on Monday, October 19th. Zacks Research lowered Bank of New York Mellon from a “strong-buy” rating to a “hold” rating in a report on Monday, September 7th. New Street Research set a $182.00 price target on Bank of New York Mellon in a research report on Friday, October 16th. TD Cowen began coverage on Bank of New York Mellon in a research report on Thursday, October 8th. They issued a “hold” rating and a $160.00 price target for the company. Finally, Bank of America lifted their price objective on shares of Bank of New York Mellon from $165.00 to $175.00 and gave the stock a “buy” rating in a research note on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $165.04.

About Bank of New York Mellon

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.