67,730 Shares of Bank of New York Mellon Corporation $BNY Purchased by Vise Technologies Inc.

Vise Technologies Inc. bought a new position in Bank of New York Mellon Corporation (NYSE:BNY) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 67,730 shares of the bank’s stock, valued at approximately $9,796,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of Bank of New York Mellon during the 2nd quarter valued at approximately $8,321,111,000. Bank of America Corp DE bought a new stake 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 bought a new stake in Bank of New York Mellon in the second quarter worth $1,214,193,000. Wellington Management Group LLP purchased a new stake in Bank of New York Mellon during the second quarter valued at $1,175,576,000. Finally, Amundi purchased a new stake in Bank of New York Mellon during the second quarter valued at $985,533,000. 85.31% of the stock is owned by institutional investors.

Bank of New York Mellon News Summary

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

• Positive Sentiment: JPMorgan raised its price target for BNY from $161.00 to $166.50 and maintained an “overweight” rating. The new target implies approximately 13.2% upside from the referenced share price, potentially supporting investor confidence.
• Positive Sentiment: BNY’s latest quarterly results exceeded expectations: earnings per share reached $2.37 versus the $2.26 consensus estimate, while revenue increased 11.7% year over year to $5.68 billion. Analysts expect approximately $9.39 in full-year EPS.
• Positive Sentiment: The company’s expanded collaboration with Ripple in digital-asset custody and tokenized trade finance could create longer-term growth opportunities in institutional custody and transaction services. BNY and Ripple collaboration article
• Neutral Sentiment: BNY trades below the broader analyst consensus target of $164.62, with one Strong Buy, seven Buy and six Hold ratings. However, valuation commentary suggests the shares are close to fair value after a substantial 268% run, limiting the potential for further multiple expansion. BNY valuation analysis
• Neutral Sentiment: Institutional ownership remains high at approximately 85%, and several funds recently increased their positions. This provides a supportive ownership backdrop, though it is not necessarily a new catalyst for the shares.
• Negative Sentiment: CEO Robin Vince sold shares in multiple transactions, including 9,380 shares valued at approximately $1.39 million; reports also cite combined sales of 50,000 shares worth about $7.39 million over October 26–27. Vice President Jose Minaya separately sold 3,520 shares worth approximately $520,000. Although these transactions may be routine or scheduled, the reduction in insider holdings could weigh on sentiment. BNY insider selling report

Analyst Upgrades and Downgrades

BNY has been the subject of a number of recent research reports. Citigroup dropped their price objective on shares of Bank of New York Mellon from $160.00 to $157.00 and set a “neutral” rating for the company in a research note on Monday, October 19th. Barclays raised their price objective on 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. JPMorgan Chase & Co. lifted their target price on Bank of New York Mellon from $161.00 to $166.50 and gave the stock an “overweight” rating in a report on Friday. Erste Group Bank started coverage on Bank of New York Mellon in a research report on Wednesday, July 15th. They set a “buy” rating on the stock. Finally, Bank of America increased their price target on Bank of New York Mellon from $165.00 to $175.00 and gave the company a “buy” rating in a report on Monday, July 20th. One investment 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’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $165.04.

Insider Transactions at Bank of New York Mellon

In other news, CEO Robin A. Vince sold 9,380 shares of the firm’s stock in a transaction that occurred on Tuesday, October 27th. The shares were sold at an average price of $147.82, for a total transaction of $1,386,551.60. Following the transaction, the chief executive officer directly owned 575,794 shares of the company’s stock, valued at approximately $85,113,869.08. This trade represents a 1.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Jose Minaya sold 3,520 shares of Bank of New York Mellon stock in a transaction that occurred on Tuesday, October 27th. The shares were sold at an average price of $147.81, for a total transaction of $520,291.20. Following the sale, the vice president directly owned 173,304 shares of the company’s stock, valued at $25,616,064.24. This represents a 1.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 60,560 shares of company stock valued at $9,007,119 in the last quarter. 0.17% of the stock is currently owned by company insiders.

Bank of New York Mellon Stock Performance

BNY stock opened at $147.02 on Monday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.86. The business’s fifty day simple moving average is $151.57 and its two-hundred day simple moving average is $139.28. Bank of New York Mellon Corporation has a twelve month low of $105.42 and a twelve month high of $165.84. The firm has a market cap of $99.75 billion, a price-to-earnings ratio of 16.25, a PEG ratio of 0.98 and a beta of 1.06.

Bank of New York Mellon (NYSE:BNY) last issued its earnings results 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. The firm 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%. Bank of New York Mellon’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 9.39 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.