M&T Bank Corporation (MTB) Shares Bought by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board lifted its stake in shares of M&T Bank Corporation (NYSE:MTB) by 1,012.7% in the third quarter, according to its most recent filing with the SEC. The fund owned 250,491 shares of the bank’s stock after acquiring an additional 227,980 shares during the period. Canada Pension Plan Investment Board owned approximately 0.16% of M&T Bank Corporation worth $40,339,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Oppenheimer Asset Management Inc. bought a new stake in shares of M&T Bank Corporation during the 1st quarter worth $101,000. Dupont Capital Management Corp bought a new stake in shares of M&T Bank Corporation during the 2nd quarter worth $140,000. QCI Asset Management Inc. NY lifted its holdings in shares of M&T Bank Corporation by 0.3% during the 2nd quarter. QCI Asset Management Inc. NY now owns 1,059 shares of the bank’s stock worth $171,000 after acquiring an additional 3 shares during the last quarter. Sun Life Financial INC lifted its holdings in shares of M&T Bank Corporation by 8,576.9% during the 2nd quarter. Sun Life Financial INC now owns 1,128 shares of the bank’s stock worth $183,000 after acquiring an additional 1,115 shares during the last quarter. Finally, Mosaic Family Wealth LLC lifted its holdings in shares of M&T Bank Corporation by 5.3% during the 2nd quarter. Mosaic Family Wealth LLC now owns 1,225 shares of the bank’s stock worth $198,000 after acquiring an additional 62 shares during the last quarter. 78.40% of the stock is owned by institutional investors.

MTB has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of M&T Bank Corporation from a “hold” rating to a “buy” rating and set a $168.00 price objective for the company in a report on Tuesday, September 19th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $168.00 price objective on shares of M&T Bank Corporation in a report on Friday, August 18th. ValuEngine raised shares of M&T Bank Corporation from a “hold” rating to a “buy” rating in a report on Saturday, August 12th. Jefferies Group LLC raised shares of M&T Bank Corporation from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $174.00 to $186.00 in a report on Tuesday, July 11th. Finally, BidaskClub downgraded shares of M&T Bank Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Five investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have given a buy rating to the company’s stock. M&T Bank Corporation currently has a consensus rating of “Hold” and an average target price of $161.89.

In related news, VP Michele D. Trolli sold 9,730 shares of the business’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $167.89, for a total transaction of $1,633,569.70. Following the transaction, the vice president now owns 24,708 shares in the company, valued at $4,148,226.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Robert J. Bojdak sold 1,200 shares of the business’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $163.42, for a total transaction of $196,104.00. Following the transaction, the insider now owns 20,217 shares in the company, valued at approximately $3,303,862.14. The disclosure for this sale can be found here. Insiders have sold 11,880 shares of company stock worth $1,969,485 in the last quarter. 3.18% of the stock is owned by corporate insiders.

M&T Bank Corporation (NYSE:MTB) opened at $168.76 on Friday. The company has a market cap of $25,640.04, a PE ratio of 19.22, a PEG ratio of 2.06 and a beta of 0.85. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.03 and a current ratio of 0.99. M&T Bank Corporation has a one year low of $120.31 and a one year high of $173.72.

M&T Bank Corporation (NYSE:MTB) last issued its quarterly earnings data on Wednesday, October 18th. The bank reported $2.21 EPS for the quarter, missing the consensus estimate of $2.40 by ($0.19). M&T Bank Corporation had a net margin of 23.97% and a return on equity of 9.52%. The firm had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same period last year, the company posted $2.10 earnings per share. sell-side analysts predict that M&T Bank Corporation will post 9.1 EPS for the current year.

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About M&T Bank Corporation

M&T Bank Corporation (M&T) is a bank holding company. As of December 31, 2016, M&T had two bank subsidiaries: Manufacturers and Traders Trust Company (M&T Bank) and Wilmington Trust, National Association (Wilmington Trust, N.A.). The Company, along with its subsidiaries, offers a range of retail and commercial banking, trust and wealth management, and investment services.

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

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