M&T Bank Co. (NYSE:MTB) Holdings Raised by International Assets Investment Management LLC

International Assets Investment Management LLC grew its stake in shares of M&T Bank Co. (NYSE:MTB) by 17,784.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 110,166 shares of the financial services provider’s stock after purchasing an additional 109,550 shares during the period. International Assets Investment Management LLC owned about 0.07% of M&T Bank worth $19,623,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Hexagon Capital Partners LLC lifted its holdings in shares of M&T Bank by 54.4% during the third quarter. Hexagon Capital Partners LLC now owns 193 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 68 shares during the last quarter. Meeder Advisory Services Inc. lifted its holdings in shares of M&T Bank by 3.9% during the first quarter. Meeder Advisory Services Inc. now owns 1,879 shares of the financial services provider’s stock valued at $273,000 after purchasing an additional 70 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its holdings in shares of M&T Bank by 1.5% during the second quarter. Massmutual Trust Co. FSB ADV now owns 4,711 shares of the financial services provider’s stock valued at $713,000 after purchasing an additional 70 shares during the last quarter. Umpqua Bank lifted its stake in M&T Bank by 5.3% in the 2nd quarter. Umpqua Bank now owns 1,460 shares of the financial services provider’s stock worth $221,000 after acquiring an additional 73 shares in the last quarter. Finally, Procyon Advisors LLC lifted its stake in M&T Bank by 1.7% in the 3rd quarter. Procyon Advisors LLC now owns 4,544 shares of the financial services provider’s stock worth $809,000 after acquiring an additional 74 shares in the last quarter. 84.68% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on MTB. The Goldman Sachs Group increased their price objective on M&T Bank from $190.00 to $216.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. JPMorgan Chase & Co. raised M&T Bank from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $183.00 to $215.00 in a research note on Tuesday, September 3rd. Wedbush increased their price objective on M&T Bank from $208.00 to $210.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 24th. Wells Fargo & Company increased their price objective on M&T Bank from $165.00 to $190.00 and gave the stock an “underweight” rating in a research note on Friday, October 18th. Finally, Jefferies Financial Group increased their price objective on M&T Bank from $160.00 to $161.00 and gave the stock a “hold” rating in a research note on Wednesday, July 3rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $197.47.

M&T Bank Stock Performance

Shares of NYSE MTB opened at $195.73 on Wednesday. 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 firm has a market cap of $32.66 billion, a price-to-earnings ratio of 13.23, a P/E/G ratio of 2.75 and a beta of 0.75. The business’s 50-day simple moving average is $177.53 and its 200-day simple moving average is $161.73. M&T Bank Co. has a 52 week low of $109.82 and a 52 week high of $200.94.

M&T Bank Announces Dividend

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. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date of this dividend was Tuesday, September 3rd. M&T Bank’s dividend payout ratio is 36.51%.

Insider Activity

In other news, Director Kirk W. Walters sold 2,471 shares of the stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $24.60, for a total transaction of $60,786.60. Following the transaction, the director now owns 20,414 shares of the company’s stock, valued at approximately $502,184.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other M&T Bank news, Director Kirk W. Walters sold 2,471 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $24.60, for a total value of $60,786.60. Following the sale, the director now owns 20,414 shares of the company’s stock, valued at $502,184.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director John P. Barnes sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $193.97, for a total value of $3,879,400.00. Following the completion of the sale, the director now directly owns 49,960 shares in the company, valued at $9,690,741.20. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 43,727 shares of company stock valued at $7,437,558. Insiders own 0.82% of the company’s stock.

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.