Oppenheimer & Co. Inc. increased its position in shares of Bank of New York Mellon Corporation (NYSE:BNY – Free Report) by 50.5% in the third quarter, HoldingsChannel reports. The firm owned 52,017 shares of the bank’s stock after acquiring an additional 17,450 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Bank of New York Mellon were worth $7,523,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently bought and sold shares of BNY. Luken Investment Analytics LLC acquired a new position in Bank of New York Mellon in the 2nd quarter worth approximately $27,000. Burnham & Co LLC purchased a new position in Bank of New York Mellon during the 2nd quarter worth approximately $29,000. EFG International AG purchased a new position in Bank of New York Mellon during the 2nd quarter worth approximately $29,000. N.E.W. Advisory Services LLC purchased a new position in Bank of New York Mellon during the 2nd quarter worth approximately $32,000. Finally, Retirement Wealth Solutions LLC acquired a new stake in Bank of New York Mellon during the 2nd quarter valued at approximately $35,000. Hedge funds and other institutional investors own 85.31% of the company’s stock.
Wall Street Analysts Forecast Growth
Several analysts have recently commented on the stock. Weiss Ratings downgraded shares of Bank of New York Mellon from a “buy (a)” rating to a “buy (a-)” rating in a report on Thursday, August 13th. Citigroup decreased their target price on shares of Bank of New York Mellon from $160.00 to $157.00 and set a “neutral” rating for the company in a research report on Monday, October 19th. Erste Group Bank assumed coverage on shares of Bank of New York Mellon in a report on Wednesday, July 15th. They issued a “buy” rating on the stock. TD Cowen started coverage on Bank of New York Mellon in a research report on Thursday, October 8th. They set a “hold” rating and a $160.00 price target on the stock. Finally, Wells Fargo & Company lifted 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 research note on Thursday, July 16th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $164.62.
Insider Buying and Selling at Bank of New York Mellon
In other Bank of New York Mellon news, CEO Robin A. Vince sold 9,380 shares of the company’s stock in a transaction dated Tuesday, October 27th. The shares were sold at an average price of $147.82, for a total value of $1,386,551.60. Following the completion of the transaction, the chief executive officer owned 575,794 shares in the company, valued at approximately $85,113,869.08. This represents a 1.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Jose Minaya sold 3,520 shares of the firm’s stock in a transaction dated Monday, September 28th. The shares were sold at an average price of $148.79, for a total value of $523,740.80. Following the sale, the vice president owned 176,824 shares in the company, valued at $26,309,642.96. This trade represents a 1.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 57,040 shares of company stock worth $8,486,827. 0.17% of the stock is owned by company insiders.
Bank of New York Mellon Price Performance
Shares of NYSE BNY opened at $148.56 on Thursday. The stock has a market capitalization of $100.80 billion, a price-to-earnings ratio of 16.42, a PEG ratio of 0.97 and a beta of 1.06. Bank of New York Mellon Corporation has a 12 month low of $105.42 and a 12 month high of $165.84. The firm’s 50 day simple moving average is $151.99 and its 200-day simple moving average is $138.99. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.72 and a quick ratio of 0.72.
Bank of New York Mellon (NYSE:BNY – Get Free Report) last posted its earnings results on Thursday, October 15th. The bank reported $2.37 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $5.68 billion during the quarter. The company’s quarterly revenue was up 11.7% on a year-over-year basis. Analysts expect that Bank of New York Mellon Corporation will post 9.39 EPS for the current year.
Key Stories Impacting Bank of New York Mellon
Here are the key news stories impacting Bank of New York Mellon this week:
- Positive Sentiment: BNY expanded its strategic collaboration with Ripple across digital-asset custody and tokenized trade finance. The agreement could strengthen BNY’s position in institutional digital assets and create longer-term growth opportunities in custody and transaction services. Ripple Expands Strategic Digital Assets Collaboration with BNY Across Custody and Tokenized Trade Finance
- Positive Sentiment: BNY CFO Dermot McDonogh discussed business growth and an AI strategy focused on avoiding excessive technology spending. Investors may view disciplined AI investment and cost control favorably, particularly as the bank seeks efficiency gains without overspending. BNY CFO on AI Strategy, Business Growth
- Neutral Sentiment: BNY announced that its CFO will speak at the BMO Financials Conference on November 9. The event could provide updated guidance on growth, capital allocation and digital assets, but the announcement itself does not change current fundamentals. BNY to Speak at the BMO Financials Conference
- Neutral Sentiment: BNY Mellon’s Dynamic Value Fund and Appreciation Fund released third-quarter commentaries. These publications may offer investor perspectives but do not represent a new corporate operating or financial development. BNY Mellon Dynamic Value Fund Q3 2026 Commentary BNY Mellon Appreciation Fund Q3 2026 Commentary
- Negative Sentiment: CEO Robin A. Vince sold a combined 50,000 BNY shares for approximately $7.39 million over October 26–27, reducing his direct holdings by roughly 8%. Although insider sales can be routine, the sizable transactions may weigh on sentiment because they signal reduced personal exposure by the chief executive. SEC Insider Ownership Filing
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.
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