Bank of New York Mellon Corporation $BNY Stock: VIRGINIA RETIREMENT SYSTEMS ET Al Decreases Position

VIRGINIA RETIREMENT SYSTEMS ET Al decreased its stake in Bank of New York Mellon Corporation (NYSE:BNY) by 11.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 432,309 shares of the bank’s stock after selling 58,500 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Bank of New York Mellon were worth $62,525,000 as of its most recent SEC filing.

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

Key Stories Impacting Bank of New York Mellon

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 Ratings Changes

A number of research analysts have commented on BNY shares. Royal Bank Of Canada increased their target price on Bank of New York Mellon from $142.00 to $168.00 and gave the stock a “sector perform” rating in a report on Thursday, July 16th. Truist Financial lowered their price target on Bank of New York Mellon from $172.00 to $165.00 and set a “buy” rating for the company in a report on Friday, October 16th. Citigroup dropped their price target on Bank of New York Mellon from $160.00 to $157.00 and set a “neutral” rating on the stock in a research report on Monday, October 19th. TD Cowen began coverage on Bank of New York Mellon in a research note on Thursday, October 8th. They set a “hold” rating and a $160.00 price objective on the stock. Finally, Barclays lifted their price objective on shares of Bank of New York Mellon from $149.00 to $178.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $165.04.

Bank of New York Mellon Price Performance

BNY opened at $147.02 on Friday. The firm has a market cap of $99.75 billion, a price-to-earnings ratio of 16.31, a price-to-earnings-growth ratio of 0.99 and a beta of 1.06. Bank of New York Mellon Corporation has a fifty-two week low of $105.42 and a fifty-two week high of $165.84. The company’s 50-day moving average price is $151.57 and its 200 day moving average price is $139.28. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.86.

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, topping analysts’ consensus estimates 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 firm had revenue of $5.68 billion for the quarter. Bank of New York Mellon’s quarterly revenue was up 11.7% compared to the same quarter last year. As a group, sell-side analysts expect that Bank of New York Mellon Corporation will post 9.39 earnings per share for the current year.

Insider Buying and Selling

In related news, VP Jose Minaya sold 3,520 shares of the business’s stock in a transaction that occurred on Tuesday, October 27th. The stock was sold at an average price of $147.81, for a total transaction of $520,291.20. Following the completion of the transaction, the vice president owned 173,304 shares in the company, valued at $25,616,064.24. The trade was a 1.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Robin A. Vince sold 9,380 shares of the company’s stock in a transaction on Tuesday, October 27th. The stock was sold at an average price of $147.82, for a total value of $1,386,551.60. Following the transaction, the chief executive officer owned 575,794 shares of the company’s stock, valued at approximately $85,113,869.08. The trade was a 1.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 60,560 shares of company stock worth $9,007,119 over the last quarter. Insiders own 0.17% of the company’s stock.

Bank of New York Mellon Company Profile

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.