MassMutual Private Wealth & Trust FSB Acquires 19,125 Shares of The Bank of New York Mellon Corporation $BK

MassMutual Private Wealth & Trust FSB lifted its stake in The Bank of New York Mellon Corporation (NYSE:BK) by 591.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,360 shares of the bank’s stock after purchasing an additional 19,125 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in Bank of New York Mellon were worth $2,436,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in BK. Westside Investment Management Inc. lifted its stake in Bank of New York Mellon by 78.9% in the second quarter. Westside Investment Management Inc. now owns 288 shares of the bank’s stock valued at $26,000 after buying an additional 127 shares during the period. Hoey Investments Inc. bought a new position in Bank of New York Mellon during the second quarter worth about $32,000. GFG Capital LLC acquired a new position in shares of Bank of New York Mellon during the 2nd quarter worth about $36,000. Caldwell Trust Co bought a new stake in shares of Bank of New York Mellon in the 2nd quarter valued at about $36,000. Finally, Princeton Global Asset Management LLC raised its position in shares of Bank of New York Mellon by 89.0% in the 2nd quarter. Princeton Global Asset Management LLC now owns 446 shares of the bank’s stock valued at $41,000 after acquiring an additional 210 shares during the period. 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: TD Cowen raised its price target to $145 and maintained a “buy” rating, signaling roughly 20% upside from current levels — a strong vote of confidence from a sell‑side shop. TD Cowen Raises Price Target
• Positive Sentiment: Truist upgraded BK from “hold” to “buy” and increased its target to $134 (from $119), reinforcing the recent analyst upgrade momentum. Truist Upgrade
• Positive Sentiment: Barclays and other outlets highlighted strong upside potential and the stock recently hit a new 52‑week high following analyst upgrades — this helps explain recent buying and higher valuations. Barclays Forecasts Strong Price Appreciation
• Neutral Sentiment: Zacks published previews saying BK has historically beaten estimates and currently looks set to beat again, making the upcoming earnings release a near‑term catalyst (binary risk/reward). Zacks Earnings Preview
• Neutral Sentiment: BK is scheduled to report earnings next week; Wall Street expects earnings growth — the report will likely be the decisive short‑term mover (could swing the stock either way). Earnings Schedule/Expectations
• Neutral Sentiment: BNY Mellon group (the firm’s custody/asset management entities) ceased to be a substantial holder in Australian miner Boss Energy — a disclosure about an external holding that is unlikely to meaningfully affect BK’s fundamentals. BNY Mellon Ceases to Be Substantial Holder in Boss Energy
• Negative Sentiment: After the run-up and analyst upgrades, today’s pullback looks like profit-taking/rotation risk; if upcoming earnings or guidance disappoint, downside could be amplified given the recent multiple expansion. Market/Price Action Context

Bank of New York Mellon Trading Down 0.7%

BK opened at $120.42 on Thursday. The stock has a market capitalization of $83.97 billion, a P/E ratio of 17.38, a P/E/G ratio of 0.99 and a beta of 1.11. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.83. The Bank of New York Mellon Corporation has a 12 month low of $70.46 and a 12 month high of $122.36. The firm’s fifty day simple moving average is $113.20 and its 200 day simple moving average is $106.10.

Bank of New York Mellon (NYSE:BK) last released its earnings results on Friday, October 31st. The bank reported $1.91 earnings per share (EPS) for the quarter. The firm had revenue of $5.07 billion during the quarter. Bank of New York Mellon had a return on equity of 14.03% and a net margin of 12.86%. As a group, research analysts anticipate that The Bank of New York Mellon Corporation will post 6.96 EPS for the current fiscal year.

Bank of New York Mellon Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 7th. Shareholders of record on Monday, October 27th were paid a $0.53 dividend. The ex-dividend date was Monday, October 27th. This represents a $2.12 annualized dividend and a yield of 1.8%. Bank of New York Mellon’s payout ratio is presently 30.59%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on BK shares. Morgan Stanley boosted their price objective on shares of Bank of New York Mellon from $118.00 to $124.00 and gave the company an “overweight” rating in a report on Wednesday, December 17th. TD Cowen lifted their price target on shares of Bank of New York Mellon from $133.00 to $145.00 and gave the stock a “buy” rating in a research report on Wednesday. The Goldman Sachs Group boosted their price target on shares of Bank of New York Mellon from $106.00 to $120.00 and gave the company a “buy” rating in a report on Monday, October 6th. Wells Fargo & Company raised their price objective on Bank of New York Mellon from $100.00 to $109.00 and gave the stock an “equal weight” rating in a research note on Friday, October 17th. Finally, Truist Financial upgraded Bank of New York Mellon from a “hold” rating to a “buy” rating and lifted their target price for the stock from $119.00 to $134.00 in a report on Wednesday. Eleven analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $115.43.

Bank of New York Mellon Profile

Bank of New York Mellon Corporation (BNY Mellon) is a global financial services company headquartered in New York City that provides a wide range of asset servicing, custody, and related financial infrastructure solutions to institutional clients. Its core businesses include custody and asset servicing, clearing and collateral management, treasury services, securities lending, corporate trust services, and depositary receipt administration. The company also offers investment management and advisory services through its asset management arm and provides technology-enabled solutions for trade processing, foreign exchange, and liquidity management.

BNY Mellon serves a broad client base that includes asset managers, pension funds, corporations, banks, broker-dealers and sovereign entities.