Hanson & Doremus Investment Management Purchases 13,156 Shares of Bank of New York Mellon Corporation $BNY

Hanson & Doremus Investment Management grew its holdings in Bank of New York Mellon Corporation (NYSE:BNY) by 1,669.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 13,944 shares of the bank’s stock after purchasing an additional 13,156 shares during the quarter. Hanson & Doremus Investment Management’s holdings in Bank of New York Mellon were worth $2,017,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. McGlone Suttner Wealth Management Inc. raised its holdings in Bank of New York Mellon by 0.8% in the third quarter. McGlone Suttner Wealth Management Inc. now owns 10,071 shares of the bank’s stock worth $1,457,000 after purchasing an additional 77 shares during the period. Cornerstone Financial Management LLC raised its holdings in Bank of New York Mellon by 11.4% during the 2nd quarter. Cornerstone Financial Management LLC now owns 784 shares of the bank’s stock worth $113,000 after buying an additional 80 shares during the period. Riversedge Advisors LLC boosted its holdings in shares of Bank of New York Mellon by 3.1% in the third quarter. Riversedge Advisors LLC now owns 3,035 shares of the bank’s stock valued at $439,000 after buying an additional 92 shares during the period. Eastern Bank boosted its stake in Bank of New York Mellon by 12.4% in the 3rd quarter. Eastern Bank now owns 1,043 shares of the bank’s stock worth $151,000 after purchasing an additional 115 shares during the period. Finally, Rockland Trust Co. boosted its stake in Bank of New York Mellon by 7.6% in the 3rd quarter. Rockland Trust Co. now owns 2,542 shares of the bank’s stock worth $368,000 after purchasing an additional 180 shares during the period. 85.31% of the stock is currently owned by institutional investors.

Bank of New York Mellon Stock Performance

BNY opened at $143.25 on Friday. The firm has a market cap of $97.20 billion, a P/E ratio of 15.83, a price-to-earnings-growth ratio of 1.10 and a beta of 1.06. The business’s fifty day moving average is $154.70 and its 200-day moving average is $146.36. Bank of New York Mellon Corporation has a 52-week low of $103.11 and a 52-week high of $165.84. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.72 and a current ratio of 0.72.

Bank of New York Mellon (NYSE:BNY) last issued its earnings results on Thursday, October 15th. The bank reported $2.37 earnings per share for the quarter, beating analysts’ consensus estimates of $2.26 by $0.11. Bank of New York Mellon had a return on equity of 16.57% and a net margin of 16.32%. The firm had revenue of $5.68 billion for the quarter. The firm’s revenue was up 11.7% on a year-over-year basis. Sell-side analysts expect that Bank of New York Mellon Corporation will post 9.28 EPS for the current fiscal year.

Bank of New York Mellon News Summary

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

• Positive Sentiment: Q3 earnings and revenue exceeded expectations. BNY reported quarterly earnings of approximately $2.37 per share, above the $2.26 analyst consensus, while revenue reached $5.68 billion, up 11.7% year over year. Net income and EPS rose sharply, supported by higher fee revenue, net interest income and expanding asset balances. BNY Q3 Earnings Beat Estimates on Fee Income and NII Growth
• Positive Sentiment: Management raised its outlook. BNY increased its 2026 revenue-growth and operating-leverage expectations, citing strong operating momentum, adoption of artificial intelligence and growth across securities services. Assets under custody and administration reportedly reached $63.4 trillion, reinforcing the company’s scale advantage. BNY Q3 Earnings Call Highlights Raised Outlook and AI Push
• Positive Sentiment: Shareholder returns and strategic initiatives support sentiment. BNY declared a $0.63 quarterly common-stock dividend, and the company announced the VeriCORE initiative with SFA and Snapdocs to modernize asset-backed-securities market infrastructure. BNY Declares Dividends
• Neutral Sentiment: Truist remains bullish but reduced its price target. Truist maintained a “buy” rating while lowering its target from $172 to $165, suggesting continued upside but also a more cautious valuation outlook.
• Neutral Sentiment: CEO Robin Vince said a potential 5.25% 10-year Treasury yield would not be historically unusual. The comments may ease concerns about interest-rate conditions, but they do not materially change BNY’s earnings outlook. US 10-year Treasury Yield Levels Not Unprecedented
• Negative Sentiment: Expenses and AI investment remain risks. Although AI is being embedded throughout the business, BNY has not disclosed the associated costs. Rising expenses could limit the benefit of revenue growth and operating leverage. While Embedding AI Everywhere, BNY Won’t Disclose Costs

Insider Buying and Selling

In other Bank of New York Mellon news, CFO Dermot Mcdonogh sold 31,800 shares of the business’s stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $155.26, for a total transaction of $4,937,268.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Jose Minaya sold 3,520 shares of Bank of New York Mellon stock in a transaction on Monday, September 28th. The stock was sold at an average price of $148.79, for a total transaction of $523,740.80. Following the transaction, the vice president owned 176,824 shares in the company, valued at approximately $26,309,642.96. This trade represents a 1.95% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 38,840 shares of company stock worth $6,033,502 in the last 90 days. Company insiders own 0.17% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on BNY shares. Royal Bank Of Canada lifted their price objective on shares of Bank of New York Mellon from $142.00 to $168.00 and gave the company a “sector perform” rating in a report on Thursday, July 16th. Erste Group Bank began coverage on Bank of New York Mellon in a research note on Wednesday, July 15th. They set a “buy” rating on the stock. New Street Research set a $182.00 price target on shares of Bank of New York Mellon in a research note on Friday. Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of Bank of New York Mellon in a research note on Friday. Finally, Zacks Research downgraded Bank of New York Mellon from a “strong-buy” rating to a “hold” rating in a report on Monday, September 7th. One equities research 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. According to MarketBeat, Bank of New York Mellon currently has a consensus rating of “Moderate Buy” and a consensus target price of $164.85.

Bank of New York Mellon Company 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.