M&T Bank Co. (NYSE:MTB) Stock Holdings Raised by Barclays PLC

Barclays PLC increased its stake in M&T Bank Co. (NYSE:MTBFree Report) by 21.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,007,794 shares of the financial services provider’s stock after purchasing an additional 179,407 shares during the period. Barclays PLC owned approximately 0.61% of M&T Bank worth $127,435,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of MTB. SouthState Corp grew its stake in shares of M&T Bank by 27.5% during the 3rd quarter. SouthState Corp now owns 3,896 shares of the financial services provider’s stock worth $493,000 after acquiring an additional 841 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in M&T Bank by 6.7% in the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 156,093 shares of the financial services provider’s stock valued at $19,738,000 after buying an additional 9,790 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new stake in M&T Bank during the 3rd quarter worth about $91,000. Seizert Capital Partners LLC boosted its stake in shares of M&T Bank by 2.3% during the 3rd quarter. Seizert Capital Partners LLC now owns 178,517 shares of the financial services provider’s stock worth $22,573,000 after buying an additional 4,042 shares during the last quarter. Finally, GYL Financial Synergies LLC grew its holdings in shares of M&T Bank by 6.6% in the 3rd quarter. GYL Financial Synergies LLC now owns 12,279 shares of the financial services provider’s stock valued at $1,553,000 after acquiring an additional 765 shares in the last quarter. Institutional investors and hedge funds own 82.86% of the company’s stock.

M&T Bank Stock Performance

Shares of MTB stock opened at $143.74 on Wednesday. M&T Bank Co. has a 12 month low of $108.53 and a 12 month high of $161.99. The company has a current ratio of 0.93, a quick ratio of 0.98 and a debt-to-equity ratio of 0.33. The stock has a market cap of $23.86 billion, a PE ratio of 9.11, a price-to-earnings-growth ratio of 1.22 and a beta of 0.84. The company’s fifty day moving average price is $135.39 and its 200-day moving average price is $129.48.

M&T Bank (NYSE:MTBGet Free Report) last released its earnings results on Thursday, January 18th. The financial services provider reported $2.74 EPS for the quarter, missing analysts’ consensus estimates of $3.10 by ($0.36). The company had revenue of $3.32 billion during the quarter, compared to analysts’ expectations of $2.27 billion. M&T Bank had a return on equity of 11.59% and a net margin of 21.49%. During the same period in the prior year, the company posted $4.57 earnings per share. On average, equities analysts expect that M&T Bank Co. will post 14.34 EPS for the current fiscal year.

M&T Bank Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 1st were paid a dividend of $1.30 per share. The ex-dividend date was Thursday, November 30th. This represents a $5.20 annualized dividend and a yield of 3.62%. M&T Bank’s dividend payout ratio is 32.95%.

Analysts Set New Price Targets

Several research analysts recently commented on MTB shares. Morgan Stanley increased their price target on M&T Bank from $157.00 to $160.00 and gave the company an “overweight” rating in a research report on Monday, December 4th. Bank of America lowered their price objective on M&T Bank from $142.00 to $141.00 in a research report on Tuesday, October 10th. StockNews.com cut shares of M&T Bank from a “hold” rating to a “sell” rating in a research report on Wednesday, December 27th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $160.00 price target on shares of M&T Bank in a report on Friday, January 19th. Finally, Jefferies Financial Group reduced their price objective on shares of M&T Bank from $136.00 to $130.00 in a research note on Tuesday, October 10th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $148.44.

Read Our Latest Stock Analysis on MTB

Insider Transactions at M&T Bank

In related news, Director John P. Barnes sold 16,378 shares of M&T Bank stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $133.28, for a total value of $2,182,859.84. Following the completion of the sale, the director now directly owns 34,545 shares in the company, valued at approximately $4,604,157.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other M&T Bank news, Director John P. Barnes sold 16,378 shares of the business’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $133.28, for a total transaction of $2,182,859.84. Following the completion of the sale, the director now directly owns 34,545 shares in the company, valued at approximately $4,604,157.60. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Robert J. Bojdak sold 800 shares of the firm’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $126.17, for a total value of $100,936.00. Following the completion of the transaction, the executive vice president now owns 16,897 shares in the company, valued at $2,131,894.49. The disclosure for this sale can be found here. Insiders sold 79,122 shares of company stock worth $10,428,748 over the last quarter. 0.97% of the stock is currently owned by insiders.

M&T Bank Profile

(Free Report)

M&T Bank Corporation operates as a bank holding company for Manufacturers and Traders Trust Company and Wilmington Trust, National Association that offer retail and commercial banking products and services in the United States. The company's Business Banking segment offers deposit, lending, cash management, and other financial services to small businesses and professionals.

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Institutional Ownership by Quarter for M&T Bank (NYSE:MTB)

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