Bank of New York Mellon Corporation (NYSE:BNY) Stock Has Consensus Target Price of $162.38

Bank of New York Mellon Corporation (NYSE:BNY) has earned an average recommendation of “Moderate Buy” from the fourteen analysts that are covering the firm, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $164.85.

BNY has been the topic of several recent analyst reports. Truist Financial decreased their price objective on shares of Bank of New York Mellon from $172.00 to $165.00 and set a “buy” rating on the stock in a report on Friday. Wells Fargo & Company boosted their target price on Bank of New York Mellon from $152.00 to $162.00 and gave the company an “equal weight” rating in a research report on Thursday, July 16th. Citigroup cut their target price on Bank of New York Mellon from $172.00 to $160.00 and set a “neutral” rating on the stock in a research report on Monday, October 5th. JPMorgan Chase & Co. upped their price target on Bank of New York Mellon from $159.00 to $161.00 and gave the stock an “overweight” rating in a research note on Friday, October 2nd. Finally, Keefe, Bruyette & Woods restated an “outperform” rating on shares of Bank of New York Mellon in a research report on Friday.

Bank of New York Mellon Stock Down 0.0%

Shares of BNY opened at $143.25 on Wednesday. The company’s 50-day moving average price is $154.70 and its 200 day moving average price is $146.58. Bank of New York Mellon has a 12-month low of $103.11 and a 12-month high of $165.84. 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 market cap of $97.20 billion, a P/E ratio of 15.83, a price-to-earnings-growth ratio of 1.11 and a beta of 1.06.

Bank of New York Mellon (NYSE:BNY) last announced its earnings results 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. Bank of New York Mellon had a net margin of 16.32% and a return on equity of 16.57%. The company had revenue of $5.68 billion during the quarter. The firm’s revenue was up 11.7% compared to the same quarter last year. On average, sell-side analysts forecast that Bank of New York Mellon will post 9.30 earnings per share for the current year.

Key Bank of New York Mellon News

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

Insider Buying and Selling at Bank of New York Mellon

In related news, CFO Dermot Mcdonogh sold 31,800 shares of the business’s stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $155.26, for a total value 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 firm’s stock in a transaction dated Monday, September 28th. The shares were sold at an average price of $148.79, for a total value of $523,740.80. Following 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 sold a total of 38,840 shares of company stock worth $6,033,502 in the last quarter. Company insiders own 0.17% of the company’s stock.

Institutional Investors Weigh In On Bank of New York Mellon

Several institutional investors have recently modified their holdings of the company. BlackRock Inc. purchased a new position in shares of Bank of New York Mellon in the 2nd quarter valued at about $8,321,111,000. Bank of America Corp DE purchased a new stake in Bank of New York Mellon in the 2nd quarter valued at $2,499,438,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Bank of New York Mellon during the second quarter worth about $1,214,193,000. Wellington Management Group LLP acquired a new stake in Bank of New York Mellon during the 2nd quarter worth approximately $1,175,576,000. Finally, Amundi acquired a new position in Bank of New York Mellon in the 2nd quarter valued at $985,533,000. 85.31% of the stock is owned by hedge funds and other institutional investors.

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.