Bank of New York Mellon (NYSE:BNY) Price Target Raised to $168.00

Bank of New York Mellon (NYSE:BNY) had its price objective raised by Royal Bank Of Canada from $142.00 to $168.00 in a report issued on Thursday,Benzinga reports. The firm currently has a sector perform rating on the bank’s stock.

Several other research analysts have also recently weighed in on BNY. Morgan Stanley boosted their price target on shares of Bank of New York Mellon from $135.00 to $139.00 and gave the stock an “equal weight” rating in a report on Friday, April 17th. Citigroup lifted their target price on shares of Bank of New York Mellon from $136.00 to $167.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 23rd. Keefe, Bruyette & Woods boosted their target price on Bank of New York Mellon from $166.00 to $177.00 and gave the stock an “outperform” rating in a research note on Thursday. JPMorgan Chase & Co. boosted their target price on Bank of New York Mellon from $140.00 to $149.00 and gave the stock an “overweight” rating in a research note on Monday, July 6th. Finally, Erste Group Bank assumed coverage on Bank of New York Mellon in a report on Wednesday. They issued a “buy” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $152.85.

Bank of New York Mellon Price Performance

Shares of NYSE:BNY opened at $157.69 on Thursday. The company has a current ratio of 0.72, a quick ratio of 0.75 and a debt-to-equity ratio of 0.76. The stock has a market cap of $108.24 billion, a PE ratio of 18.36, a price-to-earnings-growth ratio of 1.13 and a beta of 1.07. The stock’s fifty day simple moving average is $143.95 and its two-hundred day simple moving average is $129.76. Bank of New York Mellon has a 1-year low of $97.70 and a 1-year 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.30. The firm had revenue of $5.70 billion during the quarter, compared to analyst estimates of $5.35 billion. Bank of New York Mellon had a net margin of 15.52% and a return on equity of 16.00%. The business’s revenue was up 13.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.93 EPS. As a group, analysts forecast that Bank of New York Mellon will post 9.14 EPS for the current fiscal year.

Hedge Funds Weigh In On Bank of New York Mellon

Several institutional investors have recently bought and sold shares of BNY. Abound Financial LLC bought a new position in Bank of New York Mellon during the fourth quarter valued at $25,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Bank of New York Mellon during the 4th quarter valued at $27,000. MCF Advisors LLC lifted its position in shares of Bank of New York Mellon by 74.8% during the 4th quarter. MCF Advisors LLC now owns 236 shares of the bank’s stock valued at $27,000 after buying an additional 101 shares during the last quarter. Marquette Asset Management LLC grew its stake in shares of Bank of New York Mellon by 174.7% during the 4th quarter. Marquette Asset Management LLC now owns 261 shares of the bank’s stock worth $30,000 after acquiring an additional 166 shares during the period. Finally, Heritage Wealth Advisors bought a new position in shares of Bank of New York Mellon during the 4th quarter worth $31,000. Hedge funds and other institutional investors own 85.31% of the company’s stock.

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 posted stronger-than-expected Q2 results, with revenue hitting a record and profit topping estimates, reinforcing the view that its custody, asset servicing, and foreign exchange businesses are benefiting from elevated client activity. Article Title
• Positive Sentiment: The company raised its 2026 outlook and boosted payouts, which investors generally see as a sign of confidence in future earnings and capital strength. Article Title
• Positive Sentiment: Multiple firms raised price targets after the earnings report, including Truist to $178, Barclays to $178, KBW to $177, RBC to $168, and Wells Fargo to $162, signaling broad analyst confidence that the stock can move higher from current levels. Article Title
• Positive Sentiment: Coverage was also initiated by Erste Group Bank, adding to the overall constructive analyst backdrop for the shares. Article Title
• Neutral Sentiment: BNY priced a $500 million offering of depositary shares tied to preferred stock, a move that may support balance-sheet flexibility but can also dilute existing holders, making the stock reaction less clear-cut. Article Title
• Neutral Sentiment: Commentary around BNY’s AI investments and “measurable” client impact supports the long-term growth story, but it is more of a strategic narrative than an immediate catalyst. Article Title
• Negative Sentiment: Despite the strong quarter, some reports noted the shares traded lower because investors may have expected an even stronger 2026 guidance update, suggesting the outlook was good but not enough to fully satisfy expectations. Article Title

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.