Bank of New York Mellon Corporation $BNY Stock Acquired by Mechanics Bank Trust Department

Mechanics Bank Trust Department increased its position in Bank of New York Mellon Corporation (NYSE:BNY) by 661.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,845 shares of the bank’s stock after acquiring an additional 9,420 shares during the quarter. Mechanics Bank Trust Department’s holdings in Bank of New York Mellon were worth $1,569,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in shares of Bank of New York Mellon in the second quarter worth $8,321,111,000. Bank of America Corp DE purchased a new position in Bank of New York Mellon during the second quarter worth about $2,499,438,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Bank of New York Mellon during the second quarter worth about $1,214,193,000. Wellington Management Group LLP purchased a new position in Bank of New York Mellon during the second quarter worth about $1,175,576,000. Finally, Amundi bought a new position in Bank of New York Mellon in the 2nd quarter worth about $985,533,000. Hedge funds and other institutional investors own 85.31% of the company’s stock.

Bank of New York Mellon News Roundup

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

• Positive Sentiment: Tokenized Treasury and repo capabilities: BNY completed a tokenized U.S. Treasury triparty-repo workflow with Citadel Securities. The development highlights BNY’s role in modernizing collateral management and could strengthen its institutional market infrastructure and custody franchise. BNY Completes Tokenized U.S. Treasury Triparty Repo Workflow with Citadel Securities
• Positive Sentiment: Digital-asset expansion: BNY is expanding its digital-asset custody platform to selected institutional clients in the European Union. The initiative could create future fee opportunities and reinforce the bank’s position as traditional financial institutions adopt tokenized assets. BNY Expands Digital Asset Custody Platform to Select Institutional Clients in EU
• Positive Sentiment: Analyst target and earnings estimates: TD Cowen set a $160 price target, implying meaningful upside from recent trading levels. Erste Group Bank also raised its fiscal 2026 EPS forecast slightly to $9.26 and maintained a “Buy” rating, broadly in line with the $9.27 consensus estimate. TD Cowen sets USD 160.00 target for BNY Mellon stock
• Positive Sentiment: Q3 earnings expectations: Analysts expect higher fee income and net interest income, supported by asset growth and stronger client activity, to lift quarterly results. These trends could offset some pressure from rising expenses. Growth in Fee Income, Higher NII Likely to Support BNY’s Q3 Earnings
• Neutral Sentiment: Key earnings test: BNY’s upcoming results will be judged against expectations for the quarter ended September 2026, with investors watching operating metrics beyond revenue and EPS. Wall Street’s Insights Into Key Metrics Ahead of BNY Q3 Earnings
• Negative Sentiment: Expense and event risk: Higher operating expenses remain a concern, and the stock’s recent trading below its 50-day and 200-day moving averages suggests investors may be waiting for a clear earnings beat or stronger outlook before rebuilding positions.

Insider Buying and Selling

In other Bank of New York Mellon news, VP Jose Minaya sold 3,520 shares of the business’s stock in a transaction on Monday, September 28th. The shares were sold at an average price of $148.79, for a total transaction of $523,740.80. Following the completion of the sale, the vice president directly owned 176,824 shares in the company, valued at approximately $26,309,642.96. The trade was a 1.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Dermot Mcdonogh sold 31,800 shares of the company’s stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $155.26, for a total value of $4,937,268.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 38,840 shares of company stock valued at $6,033,502 over the last quarter. Company insiders own 0.17% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on BNY shares. TD Cowen began coverage on shares of Bank of New York Mellon in a research report on Thursday, October 8th. They set a “hold” rating and a $160.00 target price for the company. Erste Group Bank assumed coverage on shares of Bank of New York Mellon in a research report on Wednesday, July 15th. They set a “buy” rating on the stock. 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. Weiss Ratings cut Bank of New York Mellon from a “buy (a)” rating to a “buy (a-)” rating in a research note on Thursday, August 13th. Finally, Keefe, Bruyette & Woods increased their target price on Bank of New York Mellon from $166.00 to $177.00 and gave the company an “outperform” rating in a research note on Thursday, July 16th. One 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’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $162.38.

Bank of New York Mellon Stock Down 1.3%

Shares of BNY stock traded down $1.86 during midday trading on Tuesday, reaching $140.99. 4,542,587 shares of the stock were exchanged, compared to its average volume of 3,677,163. Bank of New York Mellon Corporation has a 1 year low of $103.11 and a 1 year high of $165.84. The firm has a market cap of $95.66 billion, a PE ratio of 16.41, a price-to-earnings-growth ratio of 1.11 and a beta of 1.06. The company’s 50 day moving average is $155.74 and its two-hundred day moving average is $146.04. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.76.

Bank of New York Mellon (NYSE:BNY) last posted its quarterly 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. The company had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.35 billion. Bank of New York Mellon had a return on equity of 16.00% and a net margin of 15.52%. The firm’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.93 EPS. On average, equities research analysts predict that Bank of New York Mellon Corporation will post 9.27 EPS for the current year.

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.