Bank of New York Mellon Corporation $BNY Holdings Boosted by Artemis Investment Management LLP

Artemis Investment Management LLP raised its position in Bank of New York Mellon Corporation (NYSE:BNY) by 0.7% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 900,732 shares of the bank’s stock after buying an additional 6,442 shares during the quarter. Artemis Investment Management LLP’s holdings in Bank of New York Mellon were worth $130,273,000 as of its most recent filing with the SEC.

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

Key Bank of New York Mellon News

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

• Positive Sentiment: Wall Street expects BNY to deliver year-over-year earnings growth next week, and Zacks says the company has factors that could support an earnings beat. Strong results could reinforce the stock’s long-term momentum. BNY Reports Next Week: Wall Street Expects Earnings Growth
• Positive Sentiment: Barclays reaffirmed its “buy” rating, indicating continued confidence in BNY’s earnings outlook and valuation. Barclays Reaffirms Its Buy Rating
• Neutral Sentiment: TD Cowen initiated coverage with a “hold” rating and a $160 price target. The target implies meaningful upside from recent trading levels, but the neutral rating suggests the firm sees a balanced risk-reward profile.
• Neutral Sentiment: Options-market activity has drawn attention ahead of earnings, but the available report does not establish whether traders are positioning for a sustained rally or increased volatility. Options Market Activity in BNY
• Negative Sentiment: Analysts have trimmed fair-value estimates and price targets, with coverage citing recalibrated expectations and a view that the stock may already reflect higher third-quarter earnings forecasts. This reduces the potential for further near-term gains. BNY Stock Gets Fair Value Trim
• Negative Sentiment: The stock has declined ahead of results despite a fund adding shares, suggesting broader profit-taking or caution may be outweighing that buying activity. BNY Mellon Stock Falls as Fund Adds Shares

Bank of New York Mellon Price Performance

BNY stock traded up $0.10 on Thursday, reaching $142.82. The company had a trading volume of 1,416,256 shares, compared to its average volume of 3,674,140. The company’s fifty day moving average is $156.87 and its 200 day moving average is $145.31. The company has a market cap of $96.90 billion, a P/E ratio of 16.63, a PEG ratio of 1.12 and a beta of 1.06. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.72 and a current ratio of 0.72. Bank of New York Mellon Corporation has a 1 year low of $103.11 and a 1 year high of $165.84.

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

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Weiss Ratings cut Bank of New York Mellon from a “buy (a)” rating to a “buy (a-)” rating in a report on Thursday, August 13th. Argus boosted their target price on Bank of New York Mellon from $153.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. Zacks Research cut Bank of New York Mellon from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 7th. Barclays lifted 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 note on Thursday, July 16th. Finally, Bank of America boosted 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 report on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, Bank of New York Mellon currently has an average rating of “Moderate Buy” and an average target price of $162.38.

Insider Transactions at Bank of New York Mellon

In other news, CFO Dermot Mcdonogh sold 31,800 shares of Bank of New York Mellon stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $155.26, for a total transaction of $4,937,268.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Jose Minaya sold 3,520 shares of the business’s stock in a transaction that occurred 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 transaction, the vice president directly owned 176,824 shares of the company’s stock, valued at approximately $26,309,642.96. This represents a 1.95% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 38,840 shares of company stock valued at $6,033,502. 0.17% of the stock is currently owned by company insiders.

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.