Bank of New York Mellon (BK)

• Market cap: $56.4B
• 1 day: -1.32%
• 5 days: -0.65%
• 1 month: 2.28%
• 3 months: 18.06%
• 6 months: 31.65%
• Year to date: 48.17%
• 1 year: 64.71%
• 5 years: 59.40%
• 10 years: 95.05%
• Sector: Financials
• Industry: State Commercial Banks

About: BNY Mellon is a global investment company involved in managing and servicing financial assets throughout the investment lifecycle. The bank provides financial services for institutions, corporations, and individual investors and delivers investment management and investment services in 35 countries and more than 100 markets. BNY Mellon is the largest global custody bank in the world, with $47.8 trillion in under custody or administration (as of Dec. 31, 2023), and can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute, or restructure investments. BNY Mellon's asset-management division manages about $2.0 trillion in assets.

Employees: 52,000

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

58% more call options, than puts

Call options by funds: $294M | Put options by funds: $186M

23% more first-time investments, than exits

New positions opened: 139 | Existing positions closed: 113

14% more capital invested

Capital invested by funds: $38B [Q2] → $43.2B (+$5.19B) [Q3]

2% more funds holding

Funds holding: 1,225 [Q2] → 1,251 (+26) [Q3]

3.37% less ownership

Funds ownership: 84.96% [Q2] → 81.59% (-3.37%) [Q3]

10% less repeat investments, than reductions

Existing positions increased: 416 | Existing positions reduced: 464

14% less funds holding in top 10

Funds holding in top 10: 22 [Q2] → 19 (-3) [Q3]

Research analyst outlook

12 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $70 10% downside
• Avg. target: $80 2% upside
• High target: $86 11% upside

12 analyst ratings

• positive: 6 50%
• neutral: 6 50%
• negative: 0 0%

Wells Fargo Whit Mayo 86% 1-year accuracy 12 / 14 met price target	4% upside $81	Equal-Weight Maintained	15 Nov 2024
Deutsche Bank Brian Bedell 80% 1-year accuracy 32 / 40 met price target	10% upside $85	Buy Maintained	11 Nov 2024
RBC Capital Gerard Cassidy 97% 1-year accuracy 35 / 36 met price target	2% upside $79	Sector Perform Reiterated	14 Oct 2024
Barclays Jason Goldberg 83% 1-year accuracy 20 / 24 met price target	11% upside $86	Overweight Maintained	14 Oct 2024
Wells Fargo Whit Mayo 86% 1-year accuracy 12 / 14 met price target	2% upside $79	Equal-Weight Maintained	14 Oct 2024