Insider Selling: Bank of New York Mellon (NYSE:BNY) CEO Sells $6,004,042.20 in Stock

Bank of New York Mellon Corporation (NYSE:BNY) CEO Robin Vince sold 40,620 shares of the firm’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 sale, the chief executive officer owned 585,174 shares in the company, valued at approximately $86,494,568.94. This represents a 6.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Bank of New York Mellon Stock Performance

BNY opened at $147.02 on Friday. The firm’s fifty day simple moving average is $151.57 and its two-hundred day simple moving average is $139.28. Bank of New York Mellon Corporation has a 52-week low of $105.42 and a 52-week high of $165.84. The company has a market cap of $99.75 billion, a price-to-earnings ratio of 16.31, a PEG ratio of 0.99 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 0.86.

Bank of New York Mellon (NYSE:BNY) last issued its earnings results on Thursday, October 15th. The bank reported $2.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.26 by $0.11. The business had revenue of $5.68 billion during the quarter. Bank of New York Mellon had a return on equity of 16.57% and a net margin of 16.32%. The firm’s 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 earnings per share for the current fiscal year.

Key Headlines 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

Analyst Upgrades and Downgrades

BNY has been the topic of a number of analyst reports. Bank of America lifted their target price on Bank of New York Mellon from $165.00 to $175.00 and gave the stock a “buy” rating in a research report on Monday, July 20th. Keefe, Bruyette & Woods reissued an “outperform” rating on shares of Bank of New York Mellon in a report on Friday, October 16th. Citigroup decreased their price target on shares of Bank of New York Mellon from $160.00 to $157.00 and set a “neutral” rating on the stock in a research note on Monday, October 19th. Wells Fargo & Company upped their price objective on shares of Bank of New York Mellon from $152.00 to $162.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 16th. Finally, Truist Financial decreased their target price on Bank of New York Mellon from $172.00 to $165.00 and set a “buy” rating on the stock in a report on Friday, October 16th. One investment 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 has a consensus rating of “Moderate Buy” and an average price target of $165.04.

Hedge Funds Weigh In On Bank of New York Mellon

A number of institutional investors have recently added to or reduced their stakes in the company. Focus Partners Advisor Solutions LLC purchased a new position in Bank of New York Mellon in the 2nd quarter valued at $1,128,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Bank of New York Mellon during the second quarter worth $13,234,000. Engineers Gate Manager LP acquired a new stake in shares of Bank of New York Mellon in the second quarter valued at about $1,264,000. Corient Private Wealth LP acquired a new stake in shares of Bank of New York Mellon in the second quarter valued at about $48,434,000. Finally, HB Wealth Management LLC acquired a new stake in shares of Bank of New York Mellon in the second quarter valued at about $6,238,000. 85.31% of the stock is currently owned by institutional investors and hedge funds.

Bank of New York Mellon Company Profile

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.