TD Asset Management Adds $183M in Bank of New York Mellon Corp ($BK)

TD Asset Management has significantly increased its holdings in Bank of New York Mellon Corp (NYSE: BK). According to the latest 13F filing with the SEC, the firm boosted its position by 1,271,739 shares, a 490.5% increase, now totaling 1,531,026 shares valued at approximately $219.8 million.

What Changed in TD Asset Management's Bank of New York Mellon Position

TD Asset Management previously held 259,287 shares of Bank of New York Mellon. The recent addition of 1,271,739 shares marks a substantial 490.5% increase in its holdings. This move brings their total ownership to 1,531,026 shares, valued at around $219.8 million as of the reporting period.

Other Institutional Activity in Bank of New York Mellon

Several other institutions also adjusted their positions in Bank of New York Mellon. BlackRock, Inc. reduced its stake by 579,660 shares, bringing its total to 61,606,510 shares worth about $7.31 billion, reflecting a 0.9% decrease. Vanguard Capital Management LLC opened a new position with 44,666,753 shares valued at approximately $5.30 billion. FMR LLC trimmed its holdings by 5,779,410 shares, now holding 27,326,172 shares valued at $3.24 billion, a 17.5% decrease. Dodge & Cox reduced its stake by 2,409,445 shares, maintaining 23,401,794 shares worth about $2.78 billion, a 9.3% decrease. Meanwhile, Vanguard Portfolio Management LLC also initiated a new position with 18,899,155 shares valued at around $2.24 billion.

Bank of New York Mellon Corp Stock Up 4.7%

Shares of Bank of New York Mellon traded near $143.56 on Saturday. The company, with a market cap of $94.1 billion, has a P/E ratio of 17.0 and a forward P/E of 14.2. Its beta is 1.068, indicating moderate volatility. The stock has ranged from a 52-week low of $87.41 to a high of $141.65. The 50-day moving average stands at $129.85, while the 200-day moving average is $117.22.

Recent Earnings

In its most recent earnings report, Bank of New York Mellon posted revenue of $20.75 billion, reflecting a growth rate of 13.4%. The company's earnings per share (EPS) was $8.06, with a net margin of 28.7% and a return on equity (ROE) of 13.5%. The next earnings announcement is scheduled for July 15, 2026.

Dividend

Bank of New York Mellon offers a dividend rate of $2.12, yielding 1.53% with a payout ratio of 25.6%. This provides a steady income stream for investors.

Insider Buying and Selling at Bank of New York Mellon Corp

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

Analysts Set New Price Targets

On May 11, 2026, JP Morgan maintained its "buy" rating on Bank of New York Mellon with a price target of $140. Other firms like Barclays and Truist Securities also maintained "buy" ratings with targets of $149 and $148, respectively. Morgan Stanley and RBC Capital continue to hold "hold" ratings with targets of $139 and $142. The consensus among analysts is a "buy" recommendation, with a mean target price of $142.64 based on 14 opinions.

About Bank of New York Mellon

Bank of New York Mellon Corporation, headquartered in New York City, is a leading provider of financial products and services globally. The company operates through several segments, including Securities Services, Market and Wealth Services, and Investment and Wealth Management. Under the leadership of CEO Robin Antony Vince, the firm employs around 47,200 people and offers services such as investment management, wealth and estate planning, and custody solutions.

Bottom Line

TD Asset Management's substantial increase in its Bank of New York Mellon holdings signals strong institutional interest. Investors track these moves to gauge market sentiment, although it's essential to remember that 13F filings are retrospective and may not reflect current positions. Bank of New York Mellon's robust financial performance and analyst support further underscore its market standing.