Mirae Asset Global Investments Co. Ltd. Makes New Investment in Bank of New York Mellon Corporation $BNY

Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Bank of New York Mellon Corporation (NYSE:BNY) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 308,682 shares of the bank’s stock, valued at approximately $44,645,000.

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

Bank of New York Mellon Stock Down 0.1%

Bank of New York Mellon stock opened at $147.02 on Monday. The firm has a market capitalization of $99.75 billion, a P/E ratio of 16.25, a P/E/G ratio of 0.98 and a beta of 1.06. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.86. Bank of New York Mellon Corporation has a twelve month low of $105.42 and a twelve month high of $165.84. The stock’s fifty day simple moving average is $151.57 and its 200-day simple moving average is $139.28.

Bank of New York Mellon (NYSE:BNY) last posted its quarterly earnings results on Thursday, October 15th. The bank reported $2.37 EPS for the quarter, topping the consensus estimate of $2.26 by $0.11. The company had revenue of $5.68 billion during the quarter. Bank of New York Mellon had a net margin of 16.32% and a return on equity of 16.57%. The company’s revenue was up 11.7% on a year-over-year basis. As a group, equities analysts expect that Bank of New York Mellon Corporation will post 9.39 earnings per share for the current fiscal year.

Key Bank of New York Mellon News

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

Insider Buying and Selling

In related news, CEO Robin Vince sold 9,380 shares of the stock in a transaction on Tuesday, October 27th. The shares were sold at an average price of $147.82, for a total transaction of $1,386,551.60. Following the completion of the sale, the chief executive officer owned 575,794 shares in the company, valued at $85,113,869.08. This represents a 1.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Jose Minaya sold 3,520 shares of the stock in a transaction dated Tuesday, October 27th. The stock was sold at an average price of $147.81, for a total transaction of $520,291.20. Following the sale, the vice president owned 173,304 shares of the company’s stock, valued at $25,616,064.24. This trade represents a 1.99% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 60,560 shares of company stock valued at $9,007,119. 0.17% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on BNY. Royal Bank Of Canada raised their price objective on shares of 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. Erste Group Bank started coverage on shares of Bank of New York Mellon in a report on Wednesday, July 15th. They issued a “buy” rating on the stock. Zacks Research cut shares of Bank of New York Mellon from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 7th. TD Cowen initiated coverage on shares of Bank of New York Mellon in a report on Thursday, October 8th. They set a “hold” rating and a $160.00 price target for the company. Finally, Wells Fargo & Company lifted their price target on shares of 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. One 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.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $165.04.

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.