Bank of New York Mellon (BK)

• Market cap: $61.7B
• 1 day: -0.39%
• 5 days: -1.13%
• 1 month: 8.91%
• 3 months: 13.15%
• 6 months: 38.16%
• Year to date: 9.62%
• 1 year: 54.26%
• 5 years: 84.68%
• 10 years: 128.30%
• 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)

62% more first-time investments, than exits

New positions opened: 138 | Existing positions closed: 85

58% more call options, than puts

Call options by funds: $307M | Put options by funds: $195M

14% more capital invested

Capital invested by funds: $38.2B [Q2] → $43.5B (+$5.32B) [Q3]

3% more funds holding

Funds holding: 1,229 [Q2] → 1,264 (+35) [Q3]

3.19% less ownership

Funds ownership: 85.25% [Q2] → 82.07% (-3.19%) [Q3]

9% less funds holding in top 10

Funds holding in top 10: 22 [Q2] → 20 (-2) [Q3]

11% less repeat investments, than reductions

Existing positions increased: 420 | Existing positions reduced: 473

Research analyst outlook

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

• Low target: $82 3% downside
• Avg. target: $93 9% upside
• High target: $104 23% upside

10 analyst ratings

• positive: 7 70%
• neutral: 3 30%
• negative: 0 0%

UBS Brennan Hawken 74% 1-year accuracy 25 / 34 met price target	11% upside $94	Buy Maintained	21 Jan 2025
B of A Securities Ebrahim Poonawala 91% 1-year accuracy 20 / 22 met price target	12% upside $95	Buy Maintained	16 Jan 2025
Barclays Jason Goldberg 77% 1-year accuracy 43 / 56 met price target	23% upside $104	Overweight Maintained	16 Jan 2025
Morgan Stanley Betsy Graseck 74% 1-year accuracy 35 / 47 met price target	14% upside $97	Overweight Maintained	16 Jan 2025
Evercore ISI Group Glenn Schorr 97% 1-year accuracy 35 / 36 met price target	2% downside $83	In-Line Maintained	16 Jan 2025