Vontobel Holding Ltd. Purchases 87 Shares of M&T Bank Co. (NYSE:MTB)

Vontobel Holding Ltd. grew its stake in M&T Bank Co. (NYSE:MTB) by 1.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,576 shares of the financial services provider’s stock after acquiring an additional 87 shares during the period. Vontobel Holding Ltd.’s holdings in M&T Bank were worth $815,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in MTB. Ontario Teachers Pension Plan Board increased its stake in M&T Bank by 43.1% during the 1st quarter. Ontario Teachers Pension Plan Board now owns 12,423 shares of the financial services provider’s stock valued at $1,807,000 after purchasing an additional 3,739 shares in the last quarter. Leuthold Group LLC acquired a new stake in shares of M&T Bank during the first quarter valued at about $3,125,000. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of M&T Bank by 7.7% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 497,503 shares of the financial services provider’s stock valued at $72,357,000 after acquiring an additional 35,692 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of M&T Bank by 5.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 331,868 shares of the financial services provider’s stock valued at $48,267,000 after purchasing an additional 18,566 shares in the last quarter. Finally, Gateway Investment Advisers LLC grew its holdings in shares of M&T Bank by 60.0% in the second quarter. Gateway Investment Advisers LLC now owns 32,799 shares of the financial services provider’s stock valued at $4,964,000 after purchasing an additional 12,304 shares in the last quarter. 84.68% of the stock is currently owned by institutional investors.

M&T Bank Stock Performance

Shares of MTB opened at $197.55 on Monday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a market capitalization of $32.96 billion, a P/E ratio of 13.36, a P/E/G ratio of 3.27 and a beta of 0.75. The stock has a 50 day moving average price of $172.93 and a two-hundred day moving average price of $158.92. M&T Bank Co. has a 52 week low of $108.53 and a 52 week high of $200.94.

M&T Bank (NYSE:MTB) last issued its earnings results on Thursday, July 18th. The financial services provider reported $3.73 EPS for the quarter, topping the consensus estimate of $3.50 by $0.23. The business had revenue of $3.37 billion during the quarter, compared to the consensus estimate of $2.27 billion. M&T Bank had a return on equity of 9.62% and a net margin of 17.84%. During the same quarter last year, the company earned $5.12 EPS. Equities analysts forecast that M&T Bank Co. will post 14.16 earnings per share for the current fiscal year.

M&T Bank Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Tuesday, September 3rd were given a dividend of $1.35 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $5.40 annualized dividend and a dividend yield of 2.73%. M&T Bank’s dividend payout ratio is presently 36.51%.

Insiders Place Their Bets

In other news, Director Denis J. Salamone sold 10,000 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $172.03, for a total transaction of $1,720,300.00. Following the sale, the director now directly owns 44,902 shares in the company, valued at $7,724,491.06. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Denis J. Salamone sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $172.03, for a total transaction of $1,720,300.00. Following the completion of the transaction, the director now owns 44,902 shares in the company, valued at $7,724,491.06. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Kirk W. Walters sold 2,471 shares of the company’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $24.60, for a total transaction of $60,786.60. Following the completion of the sale, the director now directly owns 20,414 shares in the company, valued at $502,184.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 32,699 shares of company stock valued at $5,115,349. 0.82% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently commented on MTB. Royal Bank of Canada upped their price target on shares of M&T Bank from $190.00 to $208.00 and gave the company an “outperform” rating in a research report on Friday. StockNews.com raised shares of M&T Bank from a “sell” rating to a “hold” rating in a research note on Friday. Citigroup lifted their target price on shares of M&T Bank from $180.00 to $195.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. DA Davidson lifted their price target on shares of M&T Bank from $159.00 to $185.00 and gave the company a “neutral” rating in a report on Friday, July 19th. Finally, The Goldman Sachs Group lifted their price target on shares of M&T Bank from $190.00 to $216.00 and gave the company a “neutral” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, M&T Bank has a consensus rating of “Hold” and a consensus target price of $196.18.

M&T Bank 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.