Alliancebernstein L.P. 13F: Adds $3M to BK Stake

AllianceBernstein L.P. has increased its stake in Bank of New York Mellon Corp (NYQ:BK) by 20,554 shares, bringing its total holdings to 865,769 shares. This change, disclosed in a filing with the SEC on May 15, 2026, represents a 2.43% boost in its position, now valued at approximately $124.35 million.

What Changed in AllianceBernstein's Bank of New York Mellon Position

AllianceBernstein's latest filing shows a notable increase in its holding of Bank of New York Mellon shares. The firm added 20,554 shares to its portfolio, previously holding 845,215 shares. This adjustment reflects a 2.43% increase, underscoring the firm's confidence in the financial institution.

Other Institutional Activity in Bank of New York Mellon

In addition to AllianceBernstein's move, several other major funds adjusted their positions in Bank of New York Mellon. BlackRock, Inc. reduced its holdings by 579,660 shares, ending with 61,606,510 shares valued at about $7.31 billion. Vanguard Capital Management LLC added 44,666,753 shares, now holding the same number of shares worth approximately $5.30 billion. FMR LLC trimmed its stake by 5,779,410 shares, leaving it with 27,326,172 shares valued at $3.24 billion. Dodge & Cox reduced its position by 2,409,445 shares, bringing its total to 23,401,794 shares, valued at $2.78 billion.

Bank of New York Mellon Corp Stock Up 4.7%

Shares of Bank of New York Mellon (NYQ:BK) recently traded near $143.63. The company boasts a market cap of approximately $94.14 billion and a P/E ratio of 17.02. Its beta is 1.068, indicating moderate volatility. The stock's 52-week range spans from $87.41 to $141.65, with a 50-day moving average of $129.85 and a 200-day moving average of $117.22.

Recent Earnings

Bank of New York Mellon reported a revenue of $20.75 billion with a growth rate of 13.4%. Its earnings per share (EPS) stood at $8.06, and it achieved a net margin of 28.72%. The return on equity (ROE) was 13.47%. The company is expected to announce its next earnings on July 15, 2026.

Dividend

The Bank of New York Mellon offers an annual dividend rate of $2.12, yielding 1.53%. The dividend payout ratio is 25.56%, which indicates the portion of earnings distributed as dividends to shareholders.

Insider Buying and Selling at Bank of New York Mellon Corp

Recent insider activity at Bank of New York Mellon includes several transactions. On April 17, 2026, Sandra O'Connor, Joseph Echevarria, and Jeffrey Goldstein each bought 1,592 shares. Conversely, Alejandro Perez, Senior Executive Vice President, sold 1,000 shares, and Kevin McCarthy, SEVP & General Counsel, sold 30,000 shares at an average price of $136.50. Corporate Controller Kurtis Kurimsky sold 5,290 shares at $136.02.

Analysts Set New Price Targets

Analyst firms have recently set new price targets for Bank of New York Mellon. On May 11, 2026, JP Morgan maintained a 'buy' rating with a target of $140. Barclays and Truist Securities also maintained 'buy' ratings with targets of $149 and $148, respectively. Morgan Stanley and RBC Capital maintained 'hold' ratings with targets of $139 and $142.

About Bank of New York Mellon Corp

Bank of New York Mellon Corp provides a wide range of financial services globally, including securities services, investment management, and wealth management. Headquartered in New York City, the company is led by CEO Robin Antony Vince and employs around 47,200 people. It serves a diverse client base, including financial institutions, corporations, and high-net-worth individuals.

Bottom Line

AllianceBernstein's increase in its stake in Bank of New York Mellon highlights its continued interest in the financial services giant. The 13F filing reflects holdings as of the reporting period and may not represent the investor's current position. Investors and analysts will be watching closely for the company's next earnings report and any further shifts in institutional positions.