M&T Bank Co. (NYSE:MTB) Holdings Boosted by SG Americas Securities LLC

SG Americas Securities LLC lifted its holdings in M&T Bank Co. (NYSE:MTB - Free Report) by 130.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,703 shares of the financial services provider's stock after buying an additional 5,492 shares during the quarter. SG Americas Securities LLC's holdings in M&T Bank were worth $1,734,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Wood Tarver Financial Group LLC bought a new stake in shares of M&T Bank during the fourth quarter valued at approximately $29,000. Banque Transatlantique SA purchased a new position in M&T Bank during the 4th quarter worth $38,000. Sierra Ocean LLC bought a new stake in M&T Bank during the 4th quarter valued at $44,000. Human Investing LLC purchased a new stake in shares of M&T Bank in the 4th quarter worth $44,000. Finally, Loomis Sayles & Co. L P purchased a new position in shares of M&T Bank during the fourth quarter valued at $52,000. 84.68% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on MTB shares. DA Davidson reduced their price target 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. Deutsche Bank Aktiengesellschaft upgraded 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. Truist Financial cut their target price on M&T Bank from $225.00 to $200.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. JPMorgan Chase & Co. decreased their target price on M&T Bank from $212.50 to $186.50 and set a "neutral" rating on the stock in a research note on Thursday, April 3rd. Finally, Morgan Stanley decreased their price target on shares of 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 analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $212.53.

M&T Bank Stock Up 1.2%

Shares of M&T Bank stock traded up $2.18 during trading hours on Monday, hitting $180.21. 992,108 shares of the company's stock traded hands, compared to its average volume of 1,165,824. M&T Bank Co. has a twelve month low of $141.14 and a twelve month high of $225.70. The company has a market cap of $28.93 billion, a PE ratio of 12.32, a PEG ratio of 1.38 and a beta of 0.62. The company has a quick ratio of 0.99, a current ratio of 0.98 and a debt-to-equity ratio of 0.47. The stock has a 50 day simple moving average of $174.73 and a 200-day simple moving average of $185.08.

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

M&T Bank Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 2nd will be paid a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 3.00%. The ex-dividend date is Monday, June 2nd. M&T Bank's dividend payout ratio (DPR) is presently 36.17%.

M&T Bank Company 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.