Bank of New York Mellon Corporation $BNY Stock Bought by Courier Capital LLC

by · The Markets Daily

Courier Capital LLC increased its holdings in shares of Bank of New York Mellon Corporation (NYSE:BNY – Free Report) by 51.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 19,142 shares of the bank’s stock after buying an additional 6,481 shares during the quarter. Courier Capital LLC’s holdings in Bank of New York Mellon were worth $2,769,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of BNY. Abound Financial LLC bought a new position in Bank of New York Mellon in the fourth quarter valued at about $25,000. Luken Investment Analytics LLC bought a new position in shares of Bank of New York Mellon in the second quarter worth about $27,000. Burnham & Co LLC acquired a new stake in shares of Bank of New York Mellon in the 2nd quarter valued at approximately $29,000. EFG International AG bought a new stake in shares of Bank of New York Mellon during the 2nd quarter valued at approximately $29,000. Finally, N.E.W. Advisory Services LLC bought a new stake in shares of Bank of New York Mellon during the 2nd quarter valued at approximately $32,000. 85.31% of the stock is currently owned by institutional investors.

Bank of New York Mellon Trading Down 1.3%

Shares of BNY stock traded down $1.86 during mid-day trading on Tuesday, reaching $140.99. 4,542,587 shares of the stock traded hands, compared to its average volume of 3,677,163. The stock’s fifty day simple moving average is $156.06 and its two-hundred day simple moving average is $145.87. Bank of New York Mellon Corporation has a 1-year low of $103.11 and a 1-year high of $165.84. The company has a market cap of $95.66 billion, a price-to-earnings ratio of 16.41, a price-to-earnings-growth ratio of 1.11 and a beta of 1.06. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.76.

Bank of New York Mellon (NYSE:BNY – Get Free Report) last released its quarterly earnings results on Wednesday, July 15th. The bank reported $2.46 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.30. Bank of New York Mellon had a return on equity of 16.00% and a net margin of 15.52%. The company had revenue of $5.70 billion for the quarter, compared to analysts’ expectations of $5.35 billion. During the same period in the previous year, the business posted $1.93 earnings per share. The business’s quarterly revenue was up 13.3% compared to the same quarter last year. On average, research analysts anticipate that Bank of New York Mellon Corporation will post 9.27 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Dermot Mcdonogh sold 31,800 shares of Bank of New York Mellon stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $155.26, for a total transaction of $4,937,268.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Jose Minaya sold 3,520 shares of the business’s stock in a transaction that occurred on Monday, September 28th. The stock was sold at an average price of $148.79, for a total transaction of $523,740.80. Following the sale, the vice president directly owned 176,824 shares in the company, valued at $26,309,642.96. The trade was a 1.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 38,840 shares of company stock valued at $6,033,502. 0.17% of the stock is owned by company insiders.

Analyst Ratings Changes

BNY has been the subject of a number of research analyst reports. Truist Financial lowered their price objective on shares of Bank of New York Mellon from $178.00 to $172.00 and set a “buy” rating for the company in a research report on Friday, September 25th. Erste Group Bank started coverage on shares of Bank of New York Mellon in a research report on Wednesday, July 15th. They issued a “buy” rating on the stock. JPMorgan Chase & Co. raised their target price on shares of Bank of New York Mellon from $159.00 to $161.00 and gave the company an “overweight” rating in a research report on Friday, October 2nd. Citigroup decreased their target price on shares of Bank of New York Mellon from $172.00 to $160.00 and set a “neutral” rating on the stock in a research note on Monday, October 5th. Finally, Bank of America upped their price target on shares of Bank of New York Mellon from $165.00 to $175.00 and gave the stock a “buy” rating in a report on Monday, July 20th. One equities 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 company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $162.38.

Read Our Latest Stock Analysis on BNY

Key Stories Impacting Bank of New York Mellon

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

  • Positive Sentiment: Tokenized Treasury and repo capabilities: BNY completed a tokenized U.S. Treasury triparty-repo workflow with Citadel Securities. The development highlights BNY’s role in modernizing collateral management and could strengthen its institutional market infrastructure and custody franchise. BNY Completes Tokenized U.S. Treasury Triparty Repo Workflow with Citadel Securities
  • Positive Sentiment: Digital-asset expansion: BNY is expanding its digital-asset custody platform to selected institutional clients in the European Union. The initiative could create future fee opportunities and reinforce the bank’s position as traditional financial institutions adopt tokenized assets. BNY Expands Digital Asset Custody Platform to Select Institutional Clients in EU
  • Positive Sentiment: Analyst target and earnings estimates: TD Cowen set a $160 price target, implying meaningful upside from recent trading levels. Erste Group Bank also raised its fiscal 2026 EPS forecast slightly to $9.26 and maintained a “Buy” rating, broadly in line with the $9.27 consensus estimate. TD Cowen sets USD 160.00 target for BNY Mellon stock
  • Positive Sentiment: Q3 earnings expectations: Analysts expect higher fee income and net interest income, supported by asset growth and stronger client activity, to lift quarterly results. These trends could offset some pressure from rising expenses. Growth in Fee Income, Higher NII Likely to Support BNY’s Q3 Earnings
  • Neutral Sentiment: Key earnings test: BNY’s upcoming results will be judged against expectations for the quarter ended September 2026, with investors watching operating metrics beyond revenue and EPS. Wall Street’s Insights Into Key Metrics Ahead of BNY Q3 Earnings
  • Negative Sentiment: Expense and event risk: Higher operating expenses remain a concern, and the stock’s recent trading below its 50-day and 200-day moving averages suggests investors may be waiting for a clear earnings beat or stronger outlook before rebuilding positions.

Bank of New York Mellon Profile

(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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