Bank of New York Mellon Corporation $BNY Shares Purchased by Guyasuta Investment Advisors Inc.

Guyasuta Investment Advisors Inc. boosted its holdings in Bank of New York Mellon Corporation (NYSE:BNY) by 70.4% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 33,971 shares of the bank’s stock after purchasing an additional 14,036 shares during the quarter. Guyasuta Investment Advisors Inc.’s holdings in Bank of New York Mellon were worth $4,913,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Luken Investment Analytics LLC acquired a new position in shares of Bank of New York Mellon during the 2nd quarter worth about $27,000. EFG International AG acquired a new stake in shares of Bank of New York Mellon during the 2nd quarter worth about $29,000. Burnham & Co LLC acquired a new stake in shares of Bank of New York Mellon during the 2nd quarter worth about $29,000. N.E.W. Advisory Services LLC purchased a new stake in Bank of New York Mellon during the second quarter worth approximately $32,000. Finally, Retirement Wealth Solutions LLC purchased a new stake in Bank of New York Mellon during the second quarter worth approximately $35,000. 85.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Bank of New York Mellon news, CFO Dermot Mcdonogh sold 31,800 shares of the company’s stock in a transaction that occurred on 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 Securities & Exchange Commission, which can be accessed through this link. Also, VP Jose Minaya sold 3,520 shares of the stock in a transaction that occurred on Monday, September 28th. The stock was sold at an average price of $148.79, for a total value of $523,740.80. Following the sale, the vice president directly owned 176,824 shares of the company’s stock, valued at $26,309,642.96. The trade was a 1.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 38,840 shares of company stock worth $6,033,502 in the last 90 days. 0.17% of the stock is currently owned by insiders.

Bank of New York Mellon Trading Up 3.4%

NYSE BNY opened at $142.29 on Friday. The firm’s fifty day moving average is $154.99 and its two-hundred day moving average is $146.38. Bank of New York Mellon Corporation has a one year low of $103.11 and a one year high of $165.84. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.72 and a current ratio of 0.72. The firm has a market cap of $96.54 billion, a PE ratio of 16.56, a P/E/G ratio of 1.07 and a beta of 1.06.

Bank of New York Mellon (NYSE:BNY) last announced its earnings results 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 net margin of 15.52% and a return on equity of 16.00%. The business had revenue of $5.68 billion during the quarter. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. Analysts expect that Bank of New York Mellon Corporation will post 9.28 earnings per share for the current year.

Bank of New York Mellon News Summary

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

• Positive Sentiment: Quarterly earnings exceeded expectations. BNY reported third-quarter EPS of $2.37 versus the $2.26 consensus estimate, while revenue reached $5.68 billion, an 11.7% year-over-year increase. Net income attributable to shareholders rose to approximately $1.61 billion from $1.34 billion a year earlier. BNY Q3 Earnings and Revenues Beat Estimates
• Positive Sentiment: Growth was broad-based. Higher fee revenue, net interest income and asset balances supported the results, while custody and administration assets reportedly climbed 10% to $63.4 trillion. Rising expenses were a partial offset. BNY Q3 Earnings Beat Estimates on Fee Income and NII Growth
• Positive Sentiment: BNY maintained its shareholder-return appeal. The board declared a quarterly common-stock dividend of $0.63 per share, payable November 9 to eligible shareholders, along with dividends on several preferred series. BNY Declares Dividends
• Positive Sentiment: Strategic and analyst support provided additional positives. BNY completed its first tokenized Treasury repo with Citadel Securities and was upgraded by at least one Seeking Alpha contributor; analysts elsewhere assigned a “Moderate Buy” view. BNY Completes First Tokenized Treasury Repo
• Neutral Sentiment: BNY’s CEO said current 10-year Treasury yield levels are not unprecedented, offering reassurance about the interest-rate environment but no clear near-term earnings catalyst. US 10-year Treasury Yield Levels Not Unprecedented
• Neutral Sentiment: Azerbaijan’s central bank discussed expanding cooperation with BNY, but the report provided no financial terms or measurable earnings impact. Azerbaijan’s CBA Discusses Expanding Cooperation with BNY Mellon
• Negative Sentiment: Although the earnings beat was substantial, the shares fell, suggesting investors may have been taking profits or looking for stronger forward guidance and expense control. The stock remains below its 50-day moving average, indicating continued technical pressure.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Wells Fargo & Company upped their price target on Bank of New York Mellon from $152.00 to $162.00 and gave the company an “equal weight” rating in a report on Thursday, July 16th. TD Cowen started coverage on shares of Bank of New York Mellon in a report on Thursday, October 8th. They set a “hold” rating and a $160.00 price objective on the stock. Truist Financial cut their price objective on shares of Bank of New York Mellon from $178.00 to $172.00 and set a “buy” rating on the stock in a report on Friday, September 25th. Zacks Research downgraded shares of Bank of New York Mellon from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 7th. Finally, Citigroup reduced their price objective on shares of Bank of New York Mellon from $172.00 to $160.00 and set a “neutral” rating for the company in a research report on Monday, October 5th. One 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 company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $162.38.

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.