Bank of New York Mellon Corporation $BNY Shares Purchased by Soltis Investment Advisors LLC

by · The Markets Daily

Soltis Investment Advisors LLC boosted its holdings in shares of Bank of New York Mellon Corporation (NYSE:BNY – Free Report) by 113.5% during the 3rd quarter, Holdings Channel.com reports. The fund owned 6,658 shares of the bank’s stock after purchasing an additional 3,539 shares during the period. Soltis Investment Advisors LLC’s holdings in Bank of New York Mellon were worth $963,000 as of its most recent SEC filing.

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

Insider Buying and Selling at Bank of New York Mellon

In other Bank of New York Mellon news, CEO Robin Vince sold 40,620 shares of the business’s stock in a transaction on Monday, October 26th. The shares were sold at an average price of $147.81, for a total transaction of $6,004,042.20. Following the completion of the transaction, the chief executive officer owned 585,174 shares of the company’s stock, valued at $86,494,568.94. The trade was a 6.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Jose Minaya sold 3,520 shares of the business’s stock in a transaction 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 transaction, the vice president directly owned 173,304 shares of the company’s stock, valued at approximately $25,616,064.24. This represents a 1.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 60,560 shares of company stock worth $9,007,119 in the last quarter. Insiders own 0.17% of the company’s stock.

Bank of New York Mellon Trading Down 1.6%

NYSE:BNY opened at $147.02 on Friday. The company’s 50 day moving average is $151.57 and its 200-day moving average 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 Corporation has a 12 month low of $105.42 and a 12 month high of $165.84. The firm has a market cap of $99.75 billion, a price-to-earnings ratio of 16.25, a P/E/G ratio of 0.98 and a beta of 1.06.

Bank of New York Mellon (NYSE:BNY – Get Free Report) last posted its quarterly earnings data 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 net margin of 16.32% and a return on equity of 16.57%. The business had revenue of $5.68 billion during the quarter. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. Equities analysts anticipate that Bank of New York Mellon Corporation will post 9.39 EPS for the current year.

Wall Street Analysts Forecast Growth

BNY has been the subject of several analyst reports. Truist Financial reduced their price objective on shares of Bank of New York Mellon from $172.00 to $165.00 and set a “buy” rating for the company in a research note on Friday, October 16th. JPMorgan Chase & Co. raised their target price on Bank of New York Mellon from $161.00 to $166.50 and gave the company an “overweight” rating in a report on Friday. Royal Bank Of Canada boosted their price target on Bank of New York Mellon from $142.00 to $168.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 16th. Citigroup decreased their price target on Bank of New York Mellon from $160.00 to $157.00 and set a “neutral” rating for the company in a research note on Monday, October 19th. Finally, Wells Fargo & Company increased their price objective on Bank of New York Mellon from $152.00 to $162.00 and gave the company an “equal weight” rating in a report on Thursday, July 16th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, Bank of New York Mellon currently has a consensus rating of “Moderate Buy” and a consensus target price of $165.04.

Check Out Our Latest Stock Report 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: 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

Bank of New York Mellon Company 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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