42,165 Bank of New York Mellon Corporation $BNY Shares Purchased by WoodTrust Financial Corp

WoodTrust Financial Corp lifted its stake in Bank of New York Mellon Corporation (NYSE:BNY) by 1,604.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,793 shares of the bank’s stock after purchasing an additional 42,165 shares during the quarter. WoodTrust Financial Corp’s holdings in Bank of New York Mellon were worth $6,478,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of BNY. BlackRock Inc. purchased a new position in Bank of New York Mellon in the second quarter worth about $8,321,111,000. Bank of America Corp DE purchased a new position in Bank of New York Mellon in the 2nd quarter worth 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 in the 2nd quarter worth approximately $1,214,193,000. Wellington Management Group LLP bought a new position in Bank of New York Mellon in the 2nd quarter valued at approximately $1,175,576,000. Finally, Amundi bought a new position in Bank of New York Mellon in the 2nd quarter valued at approximately $985,533,000. Institutional investors own 85.31% of the company’s stock.

Analyst Ratings Changes

BNY has been the subject of a number of research analyst reports. Barclays lifted their target price on Bank of New York Mellon from $149.00 to $178.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. Weiss Ratings downgraded shares of Bank of New York Mellon from a “buy (a)” rating to a “buy (a-)” rating in a research report on Thursday, August 13th. Erste Group Bank initiated 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 lowered shares of Bank of New York Mellon from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 7th. Finally, Argus increased their price target on Bank of New York Mellon from $153.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $162.38.

Insider Buying and Selling at Bank of New York Mellon

In other Bank of New York Mellon news, CFO Dermot Mcdonogh sold 31,800 shares of Bank of New York Mellon stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $155.26, for a total value of $4,937,268.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Jose Minaya sold 3,520 shares of the business’s stock in a transaction dated Monday, September 28th. The stock was sold at an average price of $148.79, for a total transaction of $523,740.80. Following the completion of the sale, the vice president owned 176,824 shares in the company, valued at approximately $26,309,642.96. This trade represents a 1.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 38,840 shares of company stock worth $6,033,502 in the last 90 days. 0.17% of the stock is currently owned by company insiders.

Bank of New York Mellon Stock Performance

Shares of BNY stock traded down $0.34 during mid-day trading on Friday, reaching $143.27. 651,908 shares of the company’s stock traded hands, compared to its average volume of 3,670,117. The firm has a 50 day moving average price of $156.62 and a two-hundred day moving average price of $145.51. Bank of New York Mellon Corporation has a 12 month low of $103.11 and a 12 month high of $165.84. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.72 and a current ratio of 0.72. The firm has a market capitalization of $97.21 billion, a PE ratio of 16.68, a price-to-earnings-growth ratio of 1.11 and a beta of 1.06.

Bank of New York Mellon (NYSE:BNY) last released its earnings results on Wednesday, July 15th. The bank reported $2.46 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.30. The company had revenue of $5.70 billion for the quarter, compared to analysts’ expectations of $5.35 billion. Bank of New York Mellon had a net margin of 15.52% and a return on equity of 16.00%. Bank of New York Mellon’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.93 EPS. On average, research analysts forecast that Bank of New York Mellon Corporation will post 9.28 EPS for the current year.

Bank of New York Mellon News Roundup

Here are the key news stories impacting Bank of New York Mellon this week:

• Positive Sentiment: BNY is expanding regulated digital-asset custody services across Europe under the European Union’s Markets in Crypto-Assets (MiCA) framework. The move strengthens its position in institutional cryptocurrency infrastructure and could create longer-term fee revenue opportunities. BNY Expands Digital Asset Custody in Europe
• Positive Sentiment: Wall Street expects year-over-year earnings growth in BNY’s upcoming report, and Zacks says the company has factors that could support an earnings beat. This follows the bank’s prior quarterly performance, when earnings and revenue exceeded consensus estimates. BNY Reports Next Week: Wall Street Expects Earnings Growth
• Positive Sentiment: Barclays reaffirmed its Buy rating, indicating continued confidence in BNY’s earnings outlook and valuation. Barclays Reaffirms Buy Rating
• Neutral Sentiment: TD Cowen initiated coverage with a Hold rating and a $160 price target. The target implies upside from recent levels, but the neutral rating suggests limited conviction that the shares will materially outperform in the near term.
• Neutral Sentiment: BNY’s reported sale of 21.24 million shares of Indonesia’s Telkom Indonesia (TLKM) appears to concern an investment holding rather than BNY’s own shares, making the direct effect on BNY’s valuation unclear. BNY Sells TLKM Shares
• Negative Sentiment: Some analysts have trimmed fair-value estimates or described BNY as fairly valued even after raising third-quarter earnings expectations, suggesting that favorable results may already be partly reflected in the stock. BNY Fair Value Trim

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.