Bank of New York Mellon Corporation (NYSE:BNY - Get Free Report) CEO Robin Vince sold 9,380 shares of the company's stock in a transaction dated 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 is available at this link.
Bank of New York Mellon Stock Performance
Bank of New York Mellon stock opened at $148.56 on Thursday. 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 firm has a 50-day moving average of $151.99 and a 200-day moving average of $138.99. The firm has a market cap of $100.80 billion, a P/E ratio of 16.42, a P/E/G ratio of 0.97 and a beta of 1.06. Bank of New York Mellon Corporation has a 1-year low of $105.42 and a 1-year high of $165.84.
Bank of New York Mellon (NYSE:BNY - Get Free Report) last posted its earnings results on Thursday, October 15th. The bank reported $2.37 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $5.68 billion for the quarter. Bank of New York Mellon's revenue was up 11.7% compared to the same quarter last year. Sell-side analysts expect that Bank of New York Mellon Corporation will post 9.39 EPS for the current year.
Key Stories Impacting Bank of New York Mellon
Here are the key news stories impacting Bank of New York Mellon this week:
- Positive Sentiment: BNY expanded its strategic collaboration with Ripple across digital-asset custody and tokenized trade finance. The agreement could strengthen BNY’s position in institutional digital assets and create longer-term growth opportunities in custody and transaction services. Ripple Expands Strategic Digital Assets Collaboration with BNY Across Custody and Tokenized Trade Finance
- Positive Sentiment: BNY CFO Dermot McDonogh discussed business growth and an AI strategy focused on avoiding excessive technology spending. Investors may view disciplined AI investment and cost control favorably, particularly as the bank seeks efficiency gains without overspending. BNY CFO on AI Strategy, Business Growth
- Neutral Sentiment: BNY announced that its CFO will speak at the BMO Financials Conference on November 9. The event could provide updated guidance on growth, capital allocation and digital assets, but the announcement itself does not change current fundamentals. BNY to Speak at the BMO Financials Conference
- Neutral Sentiment: BNY Mellon’s Dynamic Value Fund and Appreciation Fund released third-quarter commentaries. These publications may offer investor perspectives but do not represent a new corporate operating or financial development. BNY Mellon Dynamic Value Fund Q3 2026 Commentary BNY Mellon Appreciation Fund Q3 2026 Commentary
- Negative Sentiment: CEO Robin A. Vince sold a combined 50,000 BNY shares for approximately $7.39 million over October 26–27, reducing his direct holdings by roughly 8%. Although insider sales can be routine, the sizable transactions may weigh on sentiment because they signal reduced personal exposure by the chief executive. SEC Insider Ownership Filing
Hedge Funds Weigh In On Bank of New York Mellon
Institutional investors have recently bought and sold shares of the stock. Summit Global Investments grew its holdings in shares of Bank of New York Mellon by 312.9% during the 3rd quarter. Summit Global Investments now owns 45,360 shares of the bank's stock worth $6,560,000 after acquiring an additional 34,374 shares during the period. Americana Partners LLC raised its position in shares of Bank of New York Mellon by 7.0% in the 3rd quarter. Americana Partners LLC now owns 1,576 shares of the bank's stock worth $228,000 after acquiring an additional 103 shares in the last quarter. Aprio Wealth Management LLC lifted its stake in shares of Bank of New York Mellon by 28.8% in the 3rd quarter. Aprio Wealth Management LLC now owns 4,783 shares of the bank's stock valued at $692,000 after purchasing an additional 1,070 shares during the period. Avestar Capital LLC lifted its stake in shares of Bank of New York Mellon by 6.5% in the 3rd quarter. Avestar Capital LLC now owns 4,970 shares of the bank's stock valued at $719,000 after purchasing an additional 304 shares during the period. Finally, International Assets Investment Management LLC lifted its stake in shares of Bank of New York Mellon by 11,422.1% in the 3rd quarter. International Assets Investment Management LLC now owns 461,000 shares of the bank's stock valued at $66,674,000 after purchasing an additional 456,999 shares during the period. 85.31% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
BNY has been the topic of a number of recent analyst reports. Truist Financial cut their price objective on Bank of New York Mellon from $172.00 to $165.00 and set a "buy" rating on the stock in a research report on Friday, October 16th. Barclays boosted their target price 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. Zacks Research downgraded Bank of New York Mellon from a "strong-buy" rating to a "hold" rating in a report on Monday, September 7th. Bank of America raised their price target on Bank of New York Mellon from $165.00 to $175.00 and gave the stock a "buy" rating in a research note on Monday, July 20th. Finally, Keefe, Bruyette & Woods reiterated an "outperform" rating on shares of Bank of New York Mellon in a report on Friday, October 16th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, Bank of New York Mellon currently has an average rating of "Moderate Buy" and an average price target of $164.62.
Check Out Our Latest Research Report on BNY
Bank of New York Mellon Company Profile
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Get Free Report)
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.
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