Cozad Asset Management Inc. Trims Holdings in M&T Bank Co. (NYSE:MTB)

Cozad Asset Management Inc. lowered its holdings in M&T Bank Co. (NYSE:MTB) by 13.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 9,245 shares of the financial services provider’s stock after selling 1,498 shares during the quarter. Cozad Asset Management Inc.’s holdings in M&T Bank were worth $1,647,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in MTB. Jackson Square Capital LLC bought a new position in shares of M&T Bank during the third quarter valued at approximately $620,000. Graypoint LLC purchased a new position in M&T Bank during the 3rd quarter valued at $235,000. Forte Capital LLC ADV raised its holdings in M&T Bank by 10.6% in the 3rd quarter. Forte Capital LLC ADV now owns 2,435 shares of the financial services provider’s stock worth $434,000 after purchasing an additional 234 shares in the last quarter. Radnor Capital Management LLC purchased a new stake in shares of M&T Bank in the 3rd quarter worth about $356,000. Finally, Crestwood Advisors Group LLC boosted its stake in shares of M&T Bank by 1.9% during the 3rd quarter. Crestwood Advisors Group LLC now owns 3,103 shares of the financial services provider’s stock valued at $553,000 after purchasing an additional 57 shares in the last quarter. 84.68% of the stock is currently owned by institutional investors.

M&T Bank Price Performance

NYSE MTB opened at $207.95 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.00 and a current ratio of 0.94. The company has a market capitalization of $34.70 billion, a price-to-earnings ratio of 15.39, a PEG ratio of 2.70 and a beta of 0.74. The stock has a 50-day moving average of $181.20 and a 200 day moving average of $163.98. M&T Bank Co. has a one year low of $115.93 and a one year high of $216.84.

M&T Bank Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Tuesday, September 3rd were issued a dividend of $1.35 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $5.40 annualized dividend and a dividend yield of 2.60%. M&T Bank’s payout ratio is 39.97%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Bank of America raised their price objective on shares of M&T Bank from $188.00 to $218.00 and gave the stock a “buy” rating in a report on Friday, October 18th. DA Davidson lifted their price target on M&T Bank from $192.00 to $207.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. Barclays increased their price objective on M&T Bank from $170.00 to $228.00 and gave the stock an “equal weight” rating in a report on Friday, October 18th. Evercore ISI raised their price objective on M&T Bank from $210.00 to $232.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Finally, Wedbush upped their target price on shares of M&T Bank from $208.00 to $210.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 24th. 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 company. According to MarketBeat, M&T Bank presently has an average rating of “Hold” and an average price target of $198.76.

Insider Buying and Selling

In other M&T Bank news, Director Kirk W. Walters sold 2,471 shares of the business’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 approximately $502,184.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through 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 sale, the director now directly owns 44,902 shares in the company, valued at approximately $7,724,491.06. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Kirk W. Walters sold 2,471 shares of the stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $24.60, for a total transaction of $60,786.60. Following the completion of the transaction, the director now owns 20,414 shares in the company, valued at $502,184.40. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 66,848 shares of company stock worth $12,287,757. 0.82% of the stock is owned by insiders.

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.