Truist Financial Increases Bank of New York Mellon (NYSE:BNY) Price Target to $178.00

Bank of New York Mellon (NYSE:BNY) had its target price hoisted by analysts at Truist Financial from $160.00 to $178.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the bank’s stock. Truist Financial’s price target points to a potential upside of 11.25% from the company’s current price.

Several other research analysts also recently commented on the company. Citigroup lifted their target price on Bank of New York Mellon from $136.00 to $167.00 and gave the stock a “neutral” rating in a report on Tuesday, June 23rd. Morgan Stanley upped their target price on Bank of New York Mellon from $135.00 to $139.00 and gave the company an “equal weight” rating in a report on Friday, April 17th. Weiss Ratings upgraded shares of Bank of New York Mellon from a “buy (a-)” rating to a “buy (a)” rating in a report on Monday, May 4th. Royal Bank Of Canada lifted their target price 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 note on Thursday. Finally, Wall Street Zen raised shares of Bank of New York Mellon to a “hold” rating in a research report on Saturday, May 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $152.85.

Bank of New York Mellon Price Performance

Shares of Bank of New York Mellon stock traded down $2.35 during midday trading on Thursday, hitting $160.00. 2,520,032 shares of the company traded hands, compared to its average volume of 3,847,626. The firm’s fifty day moving average price is $142.80 and its 200-day moving average price is $129.26. The stock has a market cap of $109.82 billion, a price-to-earnings ratio of 19.83, a PEG ratio of 1.14 and a beta of 1.07. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.75 and a current ratio of 0.75. Bank of New York Mellon has a 12 month low of $95.13 and a 12 month high of $163.77.

Bank of New York Mellon (NYSE:BNY) last posted its earnings results on Wednesday, July 15th. The bank reported $2.46 EPS for the quarter, topping the consensus estimate of $2.16 by $0.30. The business had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.35 billion. Bank of New York Mellon had a net margin of 14.60% and a return on equity of 15.29%. The firm’s revenue was up 13.3% compared to the same quarter last year. During the same period last year, the company earned $1.93 EPS. As a group, sell-side analysts forecast that Bank of New York Mellon will post 8.94 earnings per share for the current year.

Insider Activity at Bank of New York Mellon

In related news, VP Shannon Marie Hobbs sold 297 shares of the company’s stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $137.05, for a total transaction of $40,703.85. Following the transaction, the vice president directly owned 15,206 shares of the company’s stock, valued at approximately $2,083,982.30. This represents a 1.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kurtis R. Kurimsky sold 5,290 shares of the stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $136.02, for a total value of $719,545.80. Following the completion of the transaction, the insider owned 17,259 shares in the company, valued at approximately $2,347,569.18. The trade was a 23.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 48,091 shares of company stock worth $6,568,423 over the last quarter. Company insiders own 0.17% of the company’s stock.

Hedge Funds Weigh In On Bank of New York Mellon

A number of large investors have recently modified their holdings of BNY. Vanguard Group Inc. increased its stake in Bank of New York Mellon by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 71,319,884 shares of the bank’s stock valued at $8,279,525,000 after purchasing an additional 647,847 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Bank of New York Mellon by 18,044.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 19,670,202 shares of the bank’s stock valued at $2,283,514,000 after buying an additional 19,561,793 shares in the last quarter. Norges Bank bought a new position in shares of Bank of New York Mellon in the fourth quarter valued at $1,398,624,000. Invesco Ltd. grew its holdings in shares of Bank of New York Mellon by 8.2% during the fourth quarter. Invesco Ltd. now owns 7,680,429 shares of the bank’s stock valued at $891,621,000 after buying an additional 578,999 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Bank of New York Mellon by 639.5% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 7,076,729 shares of the bank’s stock worth $771,080,000 after acquiring an additional 6,119,749 shares in the last quarter. 85.31% of the stock is currently owned by institutional investors.

Bank of New York Mellon News Roundup

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

• Positive Sentiment: BNY reported second-quarter EPS of $2.46, beating expectations, while revenue rose to a record $5.7 billion and topped estimates, reinforcing the view that core business momentum remains strong.
• Positive Sentiment: The company raised its 2026 outlook and increased its dividend by 19%, which should support investor confidence in earnings power and capital returns.
• Positive Sentiment: Multiple analysts lifted price targets after earnings, including Barclays to $178, Keefe, Bruyette & Woods to $177, RBC to $168, and Wells Fargo to $162, signaling broader optimism about the stock’s valuation and fundamentals. Analyst price target updates via Benzinga
• Positive Sentiment: Erste Group Bank initiated coverage with a buy rating, adding another bullish analyst view on BNY’s earnings trajectory and business mix.
• Positive Sentiment: Coverage highlighting BNY’s AI investments and “measurable” client impact may be helping the market view the company as a more efficient long-term operator.
• Neutral Sentiment: One note said the shares traded lower despite strong Q2 results because the upgraded 2026 guidance fell short of some expectations, suggesting a few investors may be focused on the pace of upside rather than the overall beat.
• Neutral Sentiment: Unusual put-option activity ahead of the results suggests some traders were hedging into earnings, though the strong report and guidance likely outweighed that positioning.

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.