32,238 Bank of New York Mellon Corporation $BNY Shares Acquired by State of Alaska Department of Revenue

State of Alaska Department of Revenue increased its stake in shares of Bank of New York Mellon Corporation (NYSE:BNY) by 47.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 99,491 shares of the bank’s stock after acquiring an additional 32,238 shares during the period. State of Alaska Department of Revenue’s holdings in Bank of New York Mellon were worth $14,389,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. WealthPlan Investment Management LLC bought a new position in Bank of New York Mellon in the third quarter valued at approximately $419,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its position in shares of Bank of New York Mellon by 101.8% during the 3rd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 2,857 shares of the bank’s stock worth $413,000 after purchasing an additional 1,441 shares during the last quarter. Nvwm LLC raised its stake in shares of Bank of New York Mellon by 34,203.6% during the 3rd quarter. Nvwm LLC now owns 9,605 shares of the bank’s stock worth $1,389,000 after purchasing an additional 9,577 shares in the last quarter. HBW Advisory Services LLC raised its stake in shares of Bank of New York Mellon by 390.6% during the 3rd quarter. HBW Advisory Services LLC now owns 8,953 shares of the bank’s stock worth $1,295,000 after purchasing an additional 7,128 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH boosted its holdings in shares of Bank of New York Mellon by 71.5% in the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 15,424 shares of the bank’s stock valued at $2,231,000 after buying an additional 6,432 shares during the last quarter. 85.31% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Bank of New York Mellon

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

• Positive Sentiment: Third-quarter earnings beat expectations. BNY reported quarterly revenue of $5.68 billion, up 11.7% year over year, while earnings per share reached $2.37 versus the $2.26 consensus estimate. Net income applicable to common shareholders rose to approximately $1.61 billion from $1.34 billion a year earlier. BNY Q3 Earnings and Revenues Beat Estimates
• Positive Sentiment: Fee-based growth and scale supported the quarter. Fee revenue increased about 12%, net interest revenue remained solid, and custody and administration assets grew 10% to $63.4 trillion. These trends reinforce BNY’s asset-servicing franchise and helped drive the earnings beat. BNY Q3 Earnings Beat, Driven by Fee Revenue Growth, Solid NII
• Positive Sentiment: Analyst sentiment improved. A Seeking Alpha analysis called the recent AI-related sell-off excessive and upgraded the stock, while other coverage cited multiple consecutive earnings beats. This may encourage investors to view the recent weakness as a valuation opportunity. Bank of New York Mellon: AI-Driven Sell-Off Is Overdone
• Positive Sentiment: Shareholder returns remain supported. BNY declared a quarterly common dividend of $0.63 per share, payable November 9 to shareholders of record October 26. The company also announced dividends on several preferred-stock series. BNY Declares Dividends
• Neutral Sentiment: Interest-rate conditions remain a focus. BNY’s CEO said current 10-year Treasury yield levels are not unprecedented, suggesting the bank is operating in a manageable rate environment, though future yield movements could affect net interest revenue and market-sensitive businesses. US 10-year Treasury Yield Levels Not Unprecedented, BNY CEO Says
• Positive Sentiment: Digital-market infrastructure continues to expand. BNY completed a tokenized U.S. Treasury triparty repo workflow with Citadel Securities, highlighting potential long-term growth in collateral management and institutional digital-asset services.

Bank of New York Mellon Stock Performance

NYSE:BNY traded up $4.19 on Thursday, hitting $141.83. The company’s stock had a trading volume of 2,996,273 shares, compared to its average volume of 3,693,008. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.76. The stock has a fifty day moving average of $155.31 and a two-hundred day moving average of $146.19. The firm has a market capitalization of $96.23 billion, a P/E ratio of 16.51, a price-to-earnings-growth ratio of 1.10 and a beta of 1.06. Bank of New York Mellon Corporation has a one year low of $103.11 and a one year high of $165.84.

Bank of New York Mellon (NYSE:BNY) last released its quarterly earnings data on Thursday, October 15th. The bank reported $2.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.26 by $0.11. 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 $5.68 billion during the quarter. The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year. Research analysts predict that Bank of New York Mellon Corporation will post 9.28 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently weighed in on BNY. Bank of America raised their target price on shares of Bank of New York Mellon from $165.00 to $175.00 and gave the company a “buy” rating in a research note on Monday, July 20th. Royal Bank Of Canada boosted their target price on shares of Bank of New York Mellon from $142.00 to $168.00 and gave the stock a “sector perform” rating in a report on Thursday, July 16th. Argus upped their price target on shares of 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. Wells Fargo & Company increased their price target on shares of Bank of New York Mellon from $152.00 to $162.00 and gave the company an “equal weight” rating in a research note on Thursday, July 16th. Finally, Zacks Research cut shares of Bank of New York Mellon from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 7th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $162.38.

Insiders Place Their Bets

In related news, VP Jose Minaya sold 3,520 shares of the stock in a transaction 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 owned 176,824 shares in the company, valued at approximately $26,309,642.96. This represents a 1.95% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Dermot Mcdonogh sold 31,800 shares of the firm’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. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 38,840 shares of company stock worth $6,033,502. 0.17% of the stock is 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.