SG Americas Securities LLC Trims Stock Position in M&T Bank Corporation $MTB

SG Americas Securities LLC lowered its stake in M&T Bank Corporation (NYSE:MTB) by 82.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,180 shares of the financial services provider’s stock after selling 82,989 shares during the period. SG Americas Securities LLC’s holdings in M&T Bank were worth $3,395,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Golden State Wealth Management LLC increased its stake in shares of M&T Bank by 2,214.3% during the second quarter. Golden State Wealth Management LLC now owns 162 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 155 shares during the period. Twin Peaks Wealth Advisors LLC acquired a new stake in M&T Bank in the second quarter valued at about $36,000. Family Legacy Financial Solutions LLC purchased a new stake in M&T Bank in the 2nd quarter valued at approximately $46,000. Cullen Frost Bankers Inc. increased its position in M&T Bank by 1,109.5% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 254 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 233 shares during the period. Finally, CYBER HORNET ETFs LLC purchased a new position in shares of M&T Bank during the 2nd quarter worth approximately $84,000. 84.68% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Weiss Ratings restated a “buy (b-)” rating on shares of M&T Bank in a research note on Monday, December 29th. Barclays boosted their target price on shares of M&T Bank from $220.00 to $236.00 and gave the stock an “equal weight” rating in a research report on Monday, January 5th. Keefe, Bruyette & Woods increased their price target on shares of M&T Bank from $220.00 to $230.00 and gave the company a “market perform” rating in a report on Wednesday, December 17th. Evercore ISI downgraded shares of M&T Bank from an “outperform” rating to a “hold” rating and boosted their price objective for the stock from $210.00 to $225.00 in a report on Tuesday, January 6th. Finally, TD Cowen upped their target price on shares of M&T Bank from $245.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, January 7th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $221.18.

M&T Bank Stock Up 0.0%

Shares of NYSE MTB opened at $211.74 on Tuesday. The firm’s 50-day moving average is $197.05 and its two-hundred day moving average is $194.69. The company has a market capitalization of $32.54 billion, a PE ratio of 13.04, a price-to-earnings-growth ratio of 0.93 and a beta of 0.59. M&T Bank Corporation has a 12-month low of $150.75 and a 12-month high of $215.49. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.97 and a quick ratio of 0.97.

M&T Bank (NYSE:MTB) last issued its quarterly earnings data on Wednesday, March 9th. The financial services provider reported $3.54 earnings per share for the quarter. M&T Bank had a net margin of 20.91% and a return on equity of 10.62%. The business had revenue of $1.54 billion during the quarter. Equities analysts anticipate that M&T Bank Corporation will post 16.57 EPS for the current fiscal year.

M&T Bank Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 1st were given a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Monday, December 1st. M&T Bank’s dividend payout ratio is currently 36.95%.

Insider Buying and Selling at M&T Bank

In related news, Director Robert E. Sadler, Jr. sold 6,000 shares of the stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $190.06, for a total transaction of $1,140,360.00. Following the sale, the director owned 17,070 shares of the company’s stock, valued at $3,244,324.20. This trade represents a 26.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Christopher E. Kay sold 5,250 shares of the business’s stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $191.70, for a total transaction of $1,006,425.00. Following the completion of the transaction, the executive vice president directly owned 5,501 shares of the company’s stock, valued at $1,054,541.70. The trade was a 48.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.53% of the stock is owned by corporate insiders.

About M&T Bank

M&T Bank Corporation is a bank holding company headquartered in Buffalo, New York, that provides a broad range of banking and financial services to individuals, businesses and institutions. The company operates a commercial and retail banking franchise that includes deposit-taking, lending, and payment services delivered through branch networks, digital channels and commercial banking teams. M&T serves customers across the northeastern and mid‑Atlantic United States and has expanded its geographic footprint through strategic acquisitions.

Its core businesses include commercial banking for middle‑market and community businesses, consumer and retail banking, mortgage origination and servicing, treasury and cash management, and wealth management and trust services.