M&T Bank Co. (NYSE:MTB) Shares Purchased by Banco Bilbao Vizcaya Argentaria S.A.

Banco Bilbao Vizcaya Argentaria S.A. boosted its stake in M&T Bank Co. (NYSE:MTB - Free Report) by 827.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 53,303 shares of the financial services provider's stock after acquiring an additional 47,557 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in M&T Bank were worth $10,021,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC increased its stake in shares of M&T Bank by 14.3% during the fourth quarter. FMR LLC now owns 14,110,412 shares of the financial services provider's stock worth $2,652,899,000 after acquiring an additional 1,761,014 shares during the period. Norges Bank acquired a new stake in M&T Bank in the fourth quarter valued at about $317,690,000. Charles Schwab Investment Management Inc. boosted its holdings in M&T Bank by 5.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,289,727 shares of the financial services provider's stock valued at $994,522,000 after purchasing an additional 252,583 shares in the last quarter. Amundi increased its position in M&T Bank by 43.5% during the 4th quarter. Amundi now owns 807,339 shares of the financial services provider's stock worth $154,315,000 after purchasing an additional 244,709 shares during the period. Finally, LGT Capital Partners LTD. purchased a new position in shares of M&T Bank during the 4th quarter worth approximately $34,803,000. Institutional investors and hedge funds own 84.68% of the company's stock.

Insider Buying and Selling

In related news, EVP Christopher E. Kay sold 1,738 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $172.34, for a total transaction of $299,526.92. Following the transaction, the executive vice president now directly owns 10,751 shares of the company's stock, valued at approximately $1,852,827.34. The trade was a 13.92 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.53% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

MTB has been the subject of several research analyst reports. DA Davidson cut their price objective on M&T Bank from $205.00 to $189.00 and set a "neutral" rating for the company in a research report on Tuesday, April 15th. Royal Bank of Canada reduced their price objective on shares of M&T Bank from $208.00 to $200.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. Deutsche Bank Aktiengesellschaft upgraded shares of M&T Bank from a "hold" rating to a "buy" rating and set a $210.00 target price on the stock in a research report on Thursday, April 24th. StockNews.com upgraded shares of M&T Bank from a "sell" rating to a "hold" rating in a research report on Wednesday, February 5th. Finally, Morgan Stanley cut their price target on M&T Bank from $269.00 to $253.00 and set an "overweight" rating for the company in a research note on Thursday, March 13th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, M&T Bank currently has a consensus rating of "Hold" and an average price target of $208.24.

M&T Bank Trading Down 1.1 %

MTB stock traded down $1.84 during trading on Wednesday, reaching $168.07. 261,153 shares of the stock traded hands, compared to its average volume of 1,116,514. The firm has a market capitalization of $27.61 billion, a PE ratio of 11.49, a P/E/G ratio of 1.38 and a beta of 0.58. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.98 and a quick ratio of 0.99. The business's 50 day moving average price is $172.65 and its 200-day moving average price is $190.60. M&T Bank Co. has a 52-week low of $139.78 and a 52-week high of $225.70.

M&T Bank (NYSE:MTB - Get Free Report) last posted its earnings results on Monday, April 14th. The financial services provider reported $3.38 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.41 by ($0.03). The business had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.35 billion. M&T Bank had a return on equity of 10.12% and a net margin of 19.24%. During the same period last year, the company posted $3.09 EPS. As a group, sell-side analysts forecast that M&T Bank Co. will post 16.57 earnings per share for the current year.

M&T Bank announced that its board has authorized a share buyback plan on Wednesday, January 22nd that permits the company to buyback $4.00 billion in shares. This buyback authorization permits the financial services provider to repurchase up to 12.3% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's management believes its shares are undervalued.

M&T Bank Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 3rd were issued a dividend of $1.35 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $5.40 annualized dividend and a dividend yield of 3.21%. M&T Bank's payout ratio is 36.17%.

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: Commercial Bank, Retail Bank, Institutional Services and Wealth Management, and All Other.