ZEGA Investments LLC Buys Shares of 9,640 The Bank of New York Mellon Corporation $BK

ZEGA Investments LLC purchased a new position in The Bank of New York Mellon Corporation (NYSE:BK) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 9,640 shares of the bank’s stock, valued at approximately $1,050,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BK. Vanguard Group Inc. boosted its holdings in Bank of New York Mellon by 0.7% in the second quarter. Vanguard Group Inc. now owns 71,092,148 shares of the bank’s stock worth $6,477,206,000 after purchasing an additional 517,081 shares during the last quarter. Geode Capital Management LLC boosted its stake in Bank of New York Mellon by 4.3% in the 2nd quarter. Geode Capital Management LLC now owns 18,898,373 shares of the bank’s stock worth $1,717,074,000 after purchasing an additional 785,478 shares during the period. Artisan Partners Limited Partnership grew its position in shares of Bank of New York Mellon by 0.9% during the second quarter. Artisan Partners Limited Partnership now owns 15,803,214 shares of the bank’s stock valued at $1,439,831,000 after purchasing an additional 139,544 shares in the last quarter. Norges Bank bought a new position in shares of Bank of New York Mellon during the 2nd quarter valued at approximately $1,081,847,000. Finally, Robeco Institutional Asset Management B.V. grew its stake in shares of Bank of New York Mellon by 36.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 2,166,052 shares of the bank’s stock worth $236,013,000 after buying an additional 577,621 shares in the last quarter. 85.31% of the stock is owned by institutional investors.

Bank of New York Mellon Stock Performance

Shares of NYSE:BK opened at $120.66 on Tuesday. The firm’s 50 day simple moving average is $113.92 and its 200-day simple moving average is $106.84. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.70 and a current ratio of 0.70. The Bank of New York Mellon Corporation has a one year low of $70.46 and a one year high of $122.36. The firm has a market cap of $84.14 billion, a PE ratio of 17.41, a price-to-earnings-growth ratio of 0.92 and a beta of 1.11.

Bank of New York Mellon (NYSE:BK) last announced its quarterly earnings data on Friday, October 31st. The bank reported $1.91 earnings per share (EPS) for the quarter. The company had revenue of $5.07 billion for the quarter. Bank of New York Mellon had a return on equity of 14.03% and a net margin of 12.86%. As a group, equities analysts predict that The Bank of New York Mellon Corporation will post 6.96 EPS for the current year.

Bank of New York Mellon Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 7th. Stockholders of record on Monday, October 27th were given a dividend of $0.53 per share. The ex-dividend date of this dividend was Monday, October 27th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 1.8%. Bank of New York Mellon’s dividend payout ratio is presently 30.59%.

Trending Headlines about Bank of New York Mellon

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

• Positive Sentiment: Q4 earnings beat — BK reported $2.08 EPS vs. consensus $1.96 and revenue of $5.18B vs. $5.11B expected; return on equity of 14.03% and a healthy net margin support profitability, a direct catalyst for upward price pressure.
• Positive Sentiment: Business drivers look constructive — Analysts expect rising fee income and higher net interest income (NII) to lift Q4 results, reinforcing the earnings beat and suggesting sustained revenue strength. Rise in Fee Income, NII Likely to Aid BK’s Q4 Earnings (Revised)
• Positive Sentiment: Short interest fell materially in December (down ~16.9% to ~8.78M shares), reducing a potential short-covering pressure risk and signaling less bearish positioning among traders — a supportive technical factor.
• Positive Sentiment: Analyst sentiment skews favorable — Consensus from covering analysts is a “Moderate Buy” (11 buys, 4 holds), which can underpin buying after a beat. The Bank of New York Mellon Corporation (NYSE:BK) Receives Average Recommendation of “Moderate Buy” from Analysts
• Neutral Sentiment: Sector tailwinds cited — Coverage notes that banks’ Q4 results should benefit from M&A and trading activity, which may lift BK indirectly but is not company-specific. Banks’ Q4 earnings seen rising on M&A, trading activity
• Neutral Sentiment: Forward estimates and previews — Market previews (Benzinga/Zacks) reiterate expected revenue/earnings drivers; useful for modeling but largely confirmatory rather than new information. A Look Ahead: Bank of New York Mellon’s Earnings Forecast
• Negative Sentiment: Regulatory/policy risk — Broader bank commentary notes potential headwinds from proposals to cap credit-card interest rates, which would pressure margins for some lenders and inject regulatory uncertainty into bank stocks generally. These Two Top Banks Chart Bullish Patterns Ahead Of Q4 Launch

Analyst Ratings Changes

Several equities research analysts have weighed in on BK shares. Keefe, Bruyette & Woods upped their price objective on Bank of New York Mellon from $120.00 to $124.00 and gave the company an “outperform” rating in a research report on Friday, October 17th. Truist Financial raised Bank of New York Mellon from a “hold” rating to a “buy” rating and boosted their target price for the company from $119.00 to $134.00 in a research report on Wednesday, January 7th. BMO Capital Markets initiated coverage on shares of Bank of New York Mellon in a research note on Friday, October 3rd. They set an “outperform” rating and a $125.00 price objective for the company. Barclays boosted their price objective on shares of Bank of New York Mellon from $120.00 to $143.00 and gave the company an “overweight” rating in a research report on Monday, January 5th. Finally, Weiss Ratings restated a “buy (b+)” rating on shares of Bank of New York Mellon in a report on Monday, December 29th. Eleven research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Bank of New York Mellon has a consensus rating of “Moderate Buy” and an average price target of $115.43.

About Bank of New York Mellon

Bank of New York Mellon Corporation (BNY Mellon) is a global financial services company headquartered in New York City that provides a wide range of asset servicing, custody, and related financial infrastructure solutions to institutional clients. Its core businesses include custody and asset servicing, clearing and collateral management, treasury services, securities lending, corporate trust services, and depositary receipt administration. The company also offers investment management and advisory services through its asset management arm and provides technology-enabled solutions for trade processing, foreign exchange, and liquidity management.

BNY Mellon serves a broad client base that includes asset managers, pension funds, corporations, banks, broker-dealers and sovereign entities.