Bank of New York Mellon (NYSE:BK) Raised to Buy at Truist Financial

Bank of New York Mellon (NYSE:BK) was upgraded by research analysts at Truist Financial from a “hold” rating to a “buy” rating in a research report issued on Wednesday, Marketbeat.com reports. The firm currently has a $134.00 target price on the bank’s stock, up from their previous target price of $119.00. Truist Financial’s price objective would suggest a potential upside of 11.62% from the stock’s current price.

A number of other research analysts have also recently weighed in on the stock. Wells Fargo & Company lifted their target price on shares of Bank of New York Mellon from $100.00 to $109.00 and gave the company an “equal weight” rating in a research note on Friday, October 17th. Morgan Stanley increased their target price on Bank of New York Mellon from $118.00 to $124.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 17th. TD Cowen boosted their price target on Bank of New York Mellon from $130.00 to $133.00 and gave the stock a “buy” rating in a report on Monday, October 20th. The Goldman Sachs Group upped their target price on shares of Bank of New York Mellon from $106.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, October 6th. Finally, Evercore ISI raised their target price on shares of Bank of New York Mellon from $91.00 to $110.00 and gave the company an “in-line” rating in a research note on Tuesday, September 30th. Eleven equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $115.43.

Bank of New York Mellon Stock Performance

Bank of New York Mellon stock opened at $120.05 on Wednesday. The company has a market capitalization of $83.72 billion, a P/E ratio of 17.32, a PEG ratio of 0.98 and a beta of 1.11. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.83. Bank of New York Mellon has a twelve month low of $70.46 and a twelve month high of $122.36. The stock’s 50 day moving average is $113.44 and its 200 day moving average is $106.20.

Bank of New York Mellon (NYSE:BK) last announced its quarterly earnings results on Friday, October 31st. The bank reported $1.91 earnings per share for the quarter. The company had revenue of $5.07 billion during the quarter. Bank of New York Mellon had a net margin of 12.86% and a return on equity of 14.03%. On average, equities research analysts predict that Bank of New York Mellon will post 6.96 earnings per share for the current fiscal year.

Institutional Trading of Bank of New York Mellon

Several hedge funds and other institutional investors have recently bought and sold shares of BK. Ransom Advisory Ltd increased its position in Bank of New York Mellon by 1.3% during the fourth quarter. Ransom Advisory Ltd now owns 6,777 shares of the bank’s stock valued at $787,000 after acquiring an additional 85 shares during the last quarter. Valeo Financial Advisors LLC boosted its stake in shares of Bank of New York Mellon by 1.3% during the 3rd quarter. Valeo Financial Advisors LLC now owns 7,539 shares of the bank’s stock worth $821,000 after purchasing an additional 94 shares during the period. Ferguson Wellman Capital Management Inc. grew its holdings in Bank of New York Mellon by 0.4% during the 3rd quarter. Ferguson Wellman Capital Management Inc. now owns 24,752 shares of the bank’s stock valued at $2,697,000 after purchasing an additional 96 shares during the last quarter. Leonard Rickey Investment Advisors P.L.L.C. grew its holdings in Bank of New York Mellon by 1.9% during the 3rd quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 5,192 shares of the bank’s stock valued at $566,000 after purchasing an additional 98 shares during the last quarter. Finally, Angeles Wealth Management LLC raised its position in Bank of New York Mellon by 2.6% in the 3rd quarter. Angeles Wealth Management LLC now owns 3,798 shares of the bank’s stock worth $414,000 after purchasing an additional 98 shares during the period. Hedge funds and other institutional investors own 85.31% of the company’s stock.

Trending Headlines about Bank of New York Mellon

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

• Positive Sentiment: TD Cowen raised its price target on BK to $145 and kept a “buy” rating, signaling materially higher upside vs. current levels — this is a direct positive for investor sentiment and can support further upside. Read More.
• Positive Sentiment: Truist upgraded BK from “hold” to “buy” and lifted its target (reported across outlets), which increases institutional conviction and likely helped recent inflows. Read More.
• Positive Sentiment: Barclays published a bullish forecast calling for strong price appreciation for BK, adding another major sell‑side vote of confidence that can attract buyers. Read More.
• Positive Sentiment: Analyst upgrades and target increases helped push BK to a new 52‑week high earlier this week — a technical signal that often draws momentum buyers and ETF rebalancing flows. Read More.
• Neutral Sentiment: Zacks published a preview of Wall Street estimates for BK’s quarter ended Dec 2025, highlighting which underlying metrics analysts are watching (key for guidance and next‑quarter outlook). Investors should watch the company’s upcoming print vs. these metrics for near‑term moves. Read More.
• Neutral Sentiment: Another Zacks note highlights BK’s history of earnings beats and argues the company has the attributes to beat again; this is supportive but outcome‑dependent (beat could lift shares; miss would hurt). Read More.
• Neutral Sentiment: BNY Mellon Group (BNY’s custody/asset services entities) has ceased to be a substantial holder in Boss Energy — a portfolio/holdings disclosure that’s unlikely to materially affect BK’s fundamentals but is relevant for ownership transparency. Read More.

About Bank of New York Mellon

Bank of New York Mellon Corporation (BNY Mellon) is a global financial services company headquartered in New York City that provides a wide range of asset servicing, custody, and related financial infrastructure solutions to institutional clients. Its core businesses include custody and asset servicing, clearing and collateral management, treasury services, securities lending, corporate trust services, and depositary receipt administration. The company also offers investment management and advisory services through its asset management arm and provides technology-enabled solutions for trade processing, foreign exchange, and liquidity management.

BNY Mellon serves a broad client base that includes asset managers, pension funds, corporations, banks, broker-dealers and sovereign entities.