6,549 Shares of Bank of New York Mellon Corporation $BNY Bought by QP Wealth Management LLC

QP Wealth Management LLC purchased a new stake in shares of Bank of New York Mellon Corporation (NYSE:BNY) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 6,549 shares of the bank’s stock, valued at approximately $947,000. Bank of New York Mellon comprises approximately 1.4% of QP Wealth Management LLC’s portfolio, making the stock its 27th biggest holding.

Other institutional investors and hedge funds have also made changes to their positions in the company. Physician Wealth Advisors Inc. increased its position in Bank of New York Mellon by 49.5% in the third quarter. Physician Wealth Advisors Inc. now owns 272 shares of the bank’s stock worth $39,000 after buying an additional 90 shares during the period. Carnegie Investment Counsel acquired a new position in shares of Bank of New York Mellon during the third quarter valued at $327,000. Nisa Investment Advisors LLC boosted its holdings in shares of Bank of New York Mellon by 7.7% during the third quarter. Nisa Investment Advisors LLC now owns 47,112 shares of the bank’s stock valued at $6,814,000 after acquiring an additional 3,363 shares during the period. Diversify Advisory Services LLC boosted its holdings in shares of Bank of New York Mellon by 53.4% during the third quarter. Diversify Advisory Services LLC now owns 25,883 shares of the bank’s stock valued at $3,678,000 after acquiring an additional 9,006 shares during the period. Finally, 55 North Private Wealth LLC grew its position in shares of Bank of New York Mellon by 5.5% during the third quarter. 55 North Private Wealth LLC now owns 2,018 shares of the bank’s stock worth $292,000 after acquiring an additional 105 shares during the last quarter. 85.31% of the stock is owned by institutional investors and hedge funds.

Bank of New York Mellon News Roundup

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

• Positive Sentiment: Strong third-quarter performance: Reports indicate that all three business segments delivered profit growth, while BNY raised its full-year guidance again. The results reinforce the bank’s earnings momentum and support the bullish case for the shares. Bank of New York Mellon Q3 2026 Earnings
• Positive Sentiment: Bear Stearns litigation win: A court backed BNY Mellon in a long-running foreclosure dispute involving Bear Stearns mortgage trusts. The decision could reduce legal uncertainty and potential financial exposure for the company. Court backs BNY Mellon in Bear Stearns trust foreclosure saga
• Positive Sentiment: Higher Morgan Stanley target: Morgan Stanley raised its price target for BNY to $152, signaling improved expectations for the company’s earnings or valuation. Morgan Stanley raises target for BNY Mellon stock

Insider Buying and Selling at Bank of New York Mellon

In other news, 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 transaction of $4,937,268.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Jose Minaya sold 3,520 shares of the business’s stock in a transaction dated Monday, September 28th. The stock was sold at an average price of $148.79, for a total value of $523,740.80. Following the completion of the sale, the vice president directly owned 176,824 shares of the company’s stock, valued at $26,309,642.96. This represents a 1.95% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 38,840 shares of company stock worth $6,033,502. 0.17% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Zacks Research downgraded shares of Bank of New York Mellon from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 7th. Barclays boosted their target price on shares of Bank of New York Mellon from $149.00 to $178.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Erste Group Bank initiated coverage on shares of Bank of New York Mellon in a research report on Wednesday, July 15th. They issued a “buy” rating for the company. Royal Bank Of Canada upped 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 research report on Thursday, July 16th. Finally, Weiss Ratings lowered shares of Bank of New York Mellon from a “buy (a)” rating to a “buy (a-)” rating in a research note on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, Bank of New York Mellon presently has a consensus rating of “Moderate Buy” and an average price target of $164.62.

Bank of New York Mellon Trading Up 1.1%

Shares of BNY opened at $143.96 on Wednesday. The business’s 50-day moving average price is $154.04 and its 200 day moving average price is $146.91. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $97.68 billion, a P/E ratio of 15.91, a P/E/G ratio of 1.03 and a beta of 1.06. Bank of New York Mellon Corporation has a 1-year low of $105.36 and a 1-year high of $165.84.

Bank of New York Mellon (NYSE:BNY) last issued its quarterly earnings results on Thursday, October 15th. The bank reported $2.37 EPS for the quarter, beating 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 business’s revenue was up 11.7% on a year-over-year basis. Analysts expect that Bank of New York Mellon Corporation will post 9.35 earnings per share for the current year.

About Bank of New York Mellon

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.