M&T Bank Co. (NYSE:MTB) Shares Sold by Dynamic Advisor Solutions LLC

Dynamic Advisor Solutions LLC trimmed its position in M&T Bank Co. (NYSE:MTB) by 1.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 9,906 shares of the financial services provider’s stock after selling 189 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in M&T Bank were worth $1,862,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. AE Wealth Management LLC increased its position in shares of M&T Bank by 37.6% during the second quarter. AE Wealth Management LLC now owns 2,157 shares of the financial services provider’s stock worth $326,000 after purchasing an additional 589 shares in the last quarter. Sei Investments Co. grew its holdings in shares of M&T Bank by 32.1% during the second quarter. Sei Investments Co. now owns 68,822 shares of the financial services provider’s stock worth $10,417,000 after buying an additional 16,730 shares in the last quarter. AQR Capital Management LLC raised its position in shares of M&T Bank by 72.3% in the second quarter. AQR Capital Management LLC now owns 128,152 shares of the financial services provider’s stock valued at $19,178,000 after buying an additional 53,795 shares during the last quarter. APG Asset Management N.V. lifted its stake in shares of M&T Bank by 194.8% in the second quarter. APG Asset Management N.V. now owns 18,917 shares of the financial services provider’s stock worth $2,672,000 after buying an additional 12,500 shares in the last quarter. Finally, MBB Public Markets I LLC lifted its stake in shares of M&T Bank by 63.5% in the second quarter. MBB Public Markets I LLC now owns 11,129 shares of the financial services provider’s stock worth $1,684,000 after buying an additional 4,323 shares in the last quarter. 84.68% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on MTB. Citigroup downgraded shares of M&T Bank from a “buy” rating to a “neutral” rating and increased their price objective for the company from $220.00 to $230.00 in a report on Monday, November 25th. Evercore ISI increased their price target on M&T Bank from $210.00 to $232.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. The Goldman Sachs Group boosted their price objective on M&T Bank from $216.00 to $243.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 26th. Wells Fargo & Company raised their target price on M&T Bank from $190.00 to $205.00 and gave the stock an “underweight” rating in a research note on Friday, November 15th. Finally, Barclays lifted their price target on M&T Bank from $228.00 to $235.00 and gave the stock an “equal weight” rating in a report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, M&T Bank presently has an average rating of “Hold” and a consensus price target of $221.68.

Insider Activity

In related news, Vice Chairman Kevin J. Pearson sold 7,500 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $195.88, for a total value of $1,469,100.00. Following the completion of the transaction, the insider now directly owns 40,502 shares of the company’s stock, valued at $7,933,531.76. This represents a 15.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Vice Chairman Gary N. Geisel sold 2,490 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $215.89, for a total transaction of $537,566.10. Following the sale, the insider now directly owns 16,429 shares in the company, valued at approximately $3,546,856.81. The trade was a 13.16 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 64,994 shares of company stock worth $13,331,878. 0.82% of the stock is currently owned by insiders.

M&T Bank Stock Up 0.9 %

MTB stock opened at $198.81 on Friday. M&T Bank Co. has a fifty-two week low of $128.31 and a fifty-two week high of $225.70. The company’s 50 day moving average price is $200.79 and its 200 day moving average price is $185.16. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.99 and a current ratio of 0.93. The firm has a market capitalization of $32.99 billion, a price-to-earnings ratio of 13.59, a PEG ratio of 1.37 and a beta of 0.79.

M&T Bank (NYSE:MTB) last announced its quarterly earnings data on Thursday, January 16th. The financial services provider reported $3.92 earnings per share for the quarter, beating analysts’ consensus estimates of $3.70 by $0.22. M&T Bank had a net margin of 19.24% and a return on equity of 10.12%. During the same period last year, the business posted $2.74 EPS. On average, equities research analysts anticipate that M&T Bank Co. will post 16.56 EPS for the current fiscal year.

M&T Bank Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 2nd were given a dividend of $1.35 per share. The ex-dividend date was Monday, December 2nd. This represents a $5.40 annualized dividend and a dividend yield of 2.72%. M&T Bank’s dividend payout ratio is currently 36.91%.

M&T Bank declared that its board has initiated a stock repurchase plan on Wednesday, January 22nd that authorizes the company to repurchase $4.00 billion in shares. This repurchase authorization authorizes the financial services provider to reacquire up to 12.3% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

M&T Bank Profile

M&T Bank Corp. operates as a bank holding company, which engages in the provision of retail and commercial banking, trust, wealth management and investment services. It operates through the following segments: Business Banking, Commercial Banking, Commercial Real Estate, Discretionary Portfolio, Residential Mortgage Banking, and Retail Banking.