M&T Bank Co. (NYSE:MTB) Shares Acquired by Nomura Holdings Inc.

Nomura Holdings Inc. raised its holdings in M&T Bank Co. (NYSE:MTB) by 98.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 19,588 shares of the financial services provider’s stock after acquiring an additional 9,708 shares during the quarter. Nomura Holdings Inc.’s holdings in M&T Bank were worth $2,685,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. HHM Wealth Advisors LLC acquired a new position in shares of M&T Bank during the 4th quarter worth $25,000. Headinvest LLC purchased a new stake in M&T Bank in the 3rd quarter valued at approximately $29,000. BKM Wealth Management LLC acquired a new stake in M&T Bank during the 4th quarter valued at $32,000. Creative Financial Designs Inc. ADV purchased a new position in M&T Bank during the fourth quarter worth $33,000. Finally, CVA Family Office LLC acquired a new stake in shares of M&T Bank during the fourth quarter valued at $33,000. 84.68% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on MTB. Bank of America raised their price objective on M&T Bank from $157.00 to $160.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. StockNews.com lowered shares of M&T Bank from a “hold” rating to a “sell” rating in a research report on Friday, May 3rd. Piper Sandler increased their target price on M&T Bank from $152.00 to $164.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 12th. DA Davidson reissued a “neutral” rating and set a $159.00 price target on shares of M&T Bank in a research report on Tuesday, April 16th. Finally, Keefe, Bruyette & Woods boosted their target price on M&T Bank from $162.00 to $170.00 and gave the stock a “market perform” rating in a report on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $159.79.

M&T Bank Stock Up 1.4 %

MTB opened at $146.82 on Wednesday. The company has a market capitalization of $24.50 billion, a PE ratio of 9.93, a price-to-earnings-growth ratio of 2.84 and a beta of 0.78. The business has a 50-day moving average of $146.70 and a 200-day moving average of $141.18. M&T Bank Co. has a fifty-two week low of $108.53 and a fifty-two week high of $156.65. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.00 and a quick ratio of 1.00.

M&T Bank (NYSE:MTB) last issued its quarterly earnings data on Monday, April 15th. The financial services provider reported $3.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.13 by ($0.11). The business had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.26 billion. M&T Bank had a return on equity of 10.68% and a net margin of 19.52%. During the same quarter in the prior year, the company posted $4.09 earnings per share. Equities research analysts forecast that M&T Bank Co. will post 14.02 EPS for the current fiscal year.

M&T Bank Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 3rd will be given a dividend of $1.35 per share. This is a positive change from M&T Bank’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $5.40 dividend on an annualized basis and a yield of 3.68%. M&T Bank’s payout ratio is currently 36.51%.

Insider Activity

In other news, EVP Christopher E. Kay sold 1,821 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $153.78, for a total transaction of $280,033.38. Following the completion of the transaction, the executive vice president now directly owns 8,579 shares in the company, valued at $1,319,278.62. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, EVP Christopher E. Kay sold 1,821 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $153.78, for a total transaction of $280,033.38. Following the completion of the transaction, the executive vice president now owns 8,579 shares of the company’s stock, valued at $1,319,278.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Doris P. Meister sold 1,638 shares of M&T Bank stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $138.21, for a total value of $226,387.98. Following the sale, the executive vice president now directly owns 3,362 shares in the company, valued at $464,662.02. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 97,553 shares of company stock valued at $14,724,147. 0.82% of the stock is owned by insiders.

M&T Bank Company Profile

M&T Bank Corporation operates as a bank holding company for Manufacturers and Traders Trust Company and Wilmington Trust, National Association that engages in the provision of retail and commercial banking products and services in the United States. The company operates through three segments: Commercial Bank, Retail Bank, and Institutional Services and Wealth Management.