Bank of New York Mellon Corporation $BNY Shares Acquired by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC increased its holdings in shares of Bank of New York Mellon Corporation (NYSE:BNY) by 42.6% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 21,071 shares of the bank’s stock after acquiring an additional 6,295 shares during the period. Frank Rimerman Advisors LLC’s holdings in Bank of New York Mellon were worth $3,047,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. BlackRock Inc. bought a new position in Bank of New York Mellon in the second quarter valued at $8,321,111,000. Bank of America Corp DE acquired 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 bought a new stake in Bank of New York Mellon during the 2nd quarter worth about $1,214,193,000. Wellington Management Group LLP bought a new stake in Bank of New York Mellon during the 2nd quarter worth about $1,175,576,000. Finally, Amundi bought a new stake in Bank of New York Mellon during the 2nd quarter worth about $985,533,000. Institutional investors and hedge funds own 85.31% of the company’s stock.

Insider Transactions at Bank of New York Mellon

In other news, VP Jose Minaya sold 3,520 shares of the business’s stock in a transaction dated Monday, September 28th. The shares were sold at an average price of $148.79, for a total transaction of $523,740.80. Following the transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Dermot Mcdonogh sold 31,800 shares of the company’s stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $155.26, for a total transaction of $4,937,268.00. The SEC filing for this sale provides additional information. In the last three months, insiders sold 38,840 shares of company stock valued at $6,033,502. Insiders own 0.17% of the company’s stock.

Bank of New York Mellon Price Performance

NYSE:BNY opened at $143.25 on Friday. 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 current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.86. The firm has a fifty day simple moving average of $154.70 and a 200 day simple moving average of $146.36. The stock has a market capitalization of $97.20 billion, a PE ratio of 15.83, a P/E/G ratio of 1.11 and a beta of 1.06.

Bank of New York Mellon (NYSE:BNY) last issued its earnings results on Thursday, October 15th. The bank reported $2.37 earnings per share 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 business had revenue of $5.68 billion for the quarter. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. On average, research analysts expect that Bank of New York Mellon Corporation will post 9.30 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently commented on BNY. Argus increased their price objective on shares of Bank of New York Mellon from $153.00 to $180.00 and gave the stock a “buy” rating in a research note on Wednesday, July 22nd. Zacks Research downgraded Bank of New York Mellon from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 7th. Royal Bank Of Canada upped 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. New Street Research set a $182.00 target price on Bank of New York Mellon in a report on Friday. Finally, Erste Group Bank assumed coverage on Bank of New York Mellon in a research report on Wednesday, July 15th. They set a “buy” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, Bank of New York Mellon presently has a consensus rating of “Moderate Buy” and an average price target of $164.85.

Trending Headlines about Bank of New York Mellon

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

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.