TD Waterhouse Canada Inc. Buys 177,157 Shares of Bank of New York Mellon Corporation $BNY

TD Waterhouse Canada Inc. increased its stake in shares of Bank of New York Mellon Corporation (NYSE:BNY) by 29.0% in the third quarter, Holdings Channel.com reports. The institutional investor owned 788,185 shares of the bank’s stock after acquiring an additional 177,157 shares during the period. TD Waterhouse Canada Inc.’s holdings in Bank of New York Mellon were worth $121,681,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the stock. Focus Partners Advisor Solutions LLC acquired a new position in shares of Bank of New York Mellon during the second quarter valued at $1,128,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of Bank of New York Mellon during the second quarter worth about $13,234,000. Engineers Gate Manager LP acquired a new stake in shares of Bank of New York Mellon in the 2nd quarter worth about $1,264,000. Corient Private Wealth LP acquired a new stake in shares of Bank of New York Mellon in the 2nd quarter worth about $48,434,000. Finally, HB Wealth Management LLC bought a new stake in Bank of New York Mellon in the 2nd quarter valued at about $6,238,000. 85.31% of the stock is owned by institutional investors and hedge funds.

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

Bank of New York Mellon Stock Performance

Shares of BNY traded up $1.16 during trading hours on Friday, reaching $143.25. 6,080,091 shares of the company’s stock traded hands, compared to its average volume of 4,283,916. Bank of New York Mellon Corporation has a twelve month low of $103.11 and a twelve month high of $165.84. The business’s fifty day simple moving average is $154.70 and its two-hundred day simple moving average is $146.36. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.72 and a quick ratio of 0.72. The firm has a market capitalization of $97.20 billion, a price-to-earnings ratio of 15.83, a P/E/G ratio of 1.10 and a beta of 1.06.

Bank of New York Mellon (NYSE:BNY) last posted its quarterly earnings data on Thursday, October 15th. The bank reported $2.37 earnings per share for the quarter, topping the consensus estimate of $2.26 by $0.11. The business had revenue of $5.68 billion during the quarter. Bank of New York Mellon had a net margin of 16.32% and a return on equity of 16.57%. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. Analysts predict that Bank of New York Mellon Corporation will post 9.28 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have issued reports on BNY. Wells Fargo & Company boosted their target price 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. Bank of America upped their target price 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. JPMorgan Chase & Co. raised their price target on shares of Bank of New York Mellon from $159.00 to $161.00 and gave the company an “overweight” rating in a research note on Friday, October 2nd. 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. Finally, Argus boosted their price objective 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. 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 stock. According to data from MarketBeat.com, Bank of New York Mellon presently has an average rating of “Moderate Buy” and an average price target of $164.85.

Insider Transactions at Bank of New York Mellon

In other news, CFO Dermot Mcdonogh sold 31,800 shares of the stock in a transaction that occurred 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Jose Minaya sold 3,520 shares of the 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 owned 176,824 shares of the company’s stock, valued at $26,309,642.96. This trade represents a 1.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 38,840 shares of company stock worth $6,033,502 over the last 90 days. 0.17% of the stock is owned by 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.