SG Americas Securities LLC Has $12.82 Million Stake in M&T Bank Corporation $MTB

SG Americas Securities LLC lifted its stake in M&T Bank Corporation (NYSE:MTB) by 270.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 63,638 shares of the financial services provider’s stock after purchasing an additional 46,458 shares during the period. SG Americas Securities LLC’s holdings in M&T Bank were worth $12,822,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of MTB. Canoe Financial LP raised its position in shares of M&T Bank by 46.8% during the third quarter. Canoe Financial LP now owns 433,679 shares of the financial services provider’s stock worth $85,704,000 after acquiring an additional 138,173 shares during the last quarter. LSV Asset Management lifted its stake in shares of M&T Bank by 19.9% during the third quarter. LSV Asset Management now owns 342,400 shares of the financial services provider’s stock valued at $67,665,000 after acquiring an additional 56,750 shares during the period. BI Asset Management Fondsmaeglerselskab A S boosted its holdings in M&T Bank by 120.3% in the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 17,925 shares of the financial services provider’s stock valued at $3,542,000 after acquiring an additional 9,788 shares during the last quarter. Plato Investment Management Ltd increased its position in M&T Bank by 54.3% in the third quarter. Plato Investment Management Ltd now owns 8,251 shares of the financial services provider’s stock worth $1,618,000 after purchasing an additional 2,905 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp increased its position in M&T Bank by 19.1% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 86,731 shares of the financial services provider’s stock worth $17,140,000 after purchasing an additional 13,889 shares during the period. Institutional investors own 84.68% of the company’s stock.

Insider Activity

In other news, Director John P. Barnes sold 21,193 shares of the business’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $235.85, for a total value of $4,998,369.05. Following the completion of the transaction, the director owned 15,142 shares of the company’s stock, valued at $3,571,240.70. The trade was a 58.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Michael A. Wisler sold 8,237 shares of the company’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $223.48, for a total transaction of $1,840,804.76. Following the completion of the sale, the executive vice president owned 4,643 shares of the company’s stock, valued at approximately $1,037,617.64. This represents a 63.95% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 49,092 shares of company stock worth $11,182,250 over the last three months. Company insiders own 0.44% of the company’s stock.

M&T Bank Price Performance

Shares of MTB opened at $200.94 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.41. M&T Bank Corporation has a 1 year low of $150.75 and a 1 year high of $239.00. The stock has a market cap of $29.94 billion, a P/E ratio of 11.79, a price-to-earnings-growth ratio of 0.95 and a beta of 0.58. The stock’s 50-day moving average price is $216.96 and its two-hundred day moving average price is $202.58.

M&T Bank (NYSE:MTB) last posted its earnings results on Friday, January 16th. The financial services provider reported $4.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.47 by $0.25. The company had revenue of $1.79 billion during the quarter, compared to analyst estimates of $2.47 billion. M&T Bank had a return on equity of 10.94% and a net margin of 21.55%.During the same period in the previous year, the company earned $3.77 EPS. On average, equities analysts predict that M&T Bank Corporation will post 16.57 earnings per share for the current year.

M&T Bank Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 2nd will be paid a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Monday, March 2nd. M&T Bank’s dividend payout ratio is presently 35.19%.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. The Goldman Sachs Group upped their target price on shares of M&T Bank from $230.00 to $231.00 and gave the company a “neutral” rating in a research report on Tuesday, January 20th. Evercore cut shares of M&T Bank from an “outperform” rating to a “hold” rating and lifted their price target for the stock from $210.00 to $225.00 in a research report on Tuesday, January 6th. Cantor Fitzgerald boosted their price target on shares of M&T Bank from $238.00 to $255.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 3rd. Royal Bank Of Canada increased their price objective on shares of M&T Bank from $210.00 to $220.00 and gave the company an “outperform” rating in a report on Friday, January 16th. Finally, Wolfe Research cut shares of M&T Bank from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 7th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $232.87.

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.