LGT Capital Partners LTD. Has $14.70 Million Position in M&T Bank Co. (MTB)

LGT Capital Partners LTD. lifted its holdings in M&T Bank Co. (NYSE:MTB) by 2.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 102,680 shares of the financial services provider’s stock after buying an additional 2,833 shares during the quarter. LGT Capital Partners LTD.’s holdings in M&T Bank were worth $14,704,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of MTB. TIAA CREF Investment Management LLC boosted its stake in shares of M&T Bank by 118.1% in the third quarter. TIAA CREF Investment Management LLC now owns 872,268 shares of the financial services provider’s stock valued at $143,523,000 after buying an additional 472,403 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of M&T Bank by 104.2% in the third quarter. Janus Henderson Group PLC now owns 727,518 shares of the financial services provider’s stock valued at $119,706,000 after buying an additional 371,263 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of M&T Bank in the third quarter valued at approximately $58,258,000. FMR LLC boosted its stake in shares of M&T Bank by 7.5% in the second quarter. FMR LLC now owns 4,251,775 shares of the financial services provider’s stock valued at $723,439,000 after buying an additional 297,143 shares in the last quarter. Finally, Deutsche Bank AG boosted its stake in shares of M&T Bank by 18.3% in the third quarter. Deutsche Bank AG now owns 1,594,602 shares of the financial services provider’s stock valued at $262,372,000 after buying an additional 247,005 shares in the last quarter. Hedge funds and other institutional investors own 80.59% of the company’s stock.

MTB traded up $0.30 during trading on Monday, reaching $151.11. 1,327 shares of the stock were exchanged, compared to its average volume of 925,200. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.07 and a current ratio of 1.07. The company has a market cap of $21.38 billion, a price-to-earnings ratio of 16.13, a PEG ratio of 0.89 and a beta of 0.99. M&T Bank Co. has a 1 year low of $133.78 and a 1 year high of $197.37.

M&T Bank (NYSE:MTB) last posted its earnings results on Wednesday, October 17th. The financial services provider reported $3.53 EPS for the quarter, topping the Zacks’ consensus estimate of $3.35 by $0.18. The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.50 billion. M&T Bank had a return on equity of 13.15% and a net margin of 26.84%. During the same period in the previous year, the business earned $2.21 earnings per share. On average, analysts predict that M&T Bank Co. will post 13.06 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, December 31st. Shareholders of record on Monday, December 3rd were given a dividend of $1.00 per share. The ex-dividend date was Friday, November 30th. This represents a $4.00 dividend on an annualized basis and a yield of 2.65%. M&T Bank’s payout ratio is 42.78%.

In other news, Director Richard H. Jr. Ledgett sold 500 shares of the company’s stock in a transaction on Friday, November 30th. The stock was sold at an average price of $168.40, for a total value of $84,200.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Doris P. Meister sold 800 shares of the company’s stock in a transaction on Friday, November 9th. The shares were sold at an average price of $167.24, for a total value of $133,792.00. Following the completion of the sale, the insider now owns 342 shares in the company, valued at $57,196.08. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,164 shares of company stock worth $524,899. 0.48% of the stock is owned by company insiders.

MTB has been the topic of a number of analyst reports. Zacks Investment Research downgraded M&T Bank from a “hold” rating to a “sell” rating in a research note on Thursday, October 4th. Morgan Stanley decreased their price target on M&T Bank from $195.00 to $190.00 and set an “equal weight” rating on the stock in a research note on Tuesday, September 18th. Vining Sparks reiterated a “buy” rating and set a $220.00 target price on shares of M&T Bank in a research report on Tuesday, October 9th. Nomura decreased their target price on M&T Bank from $195.00 to $178.00 and set a “neutral” rating on the stock in a research report on Thursday, October 18th. Finally, ValuEngine downgraded M&T Bank from a “hold” rating to a “sell” rating in a research report on Thursday, September 27th. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. M&T Bank has an average rating of “Buy” and a consensus price target of $182.40.

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About M&T Bank

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

Further Reading: Preferred Stock

Want to see what other hedge funds are holding MTB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for M&T Bank Co. (NYSE:MTB).

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

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