Siemens Fonds Invest GmbH Buys 1,412 Shares of M&T Bank Co. (NYSE:MTB)

Siemens Fonds Invest GmbH grew its position in M&T Bank Co. (NYSE:MTB - Free Report) by 78.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,202 shares of the financial services provider's stock after buying an additional 1,412 shares during the period. Siemens Fonds Invest GmbH's holdings in M&T Bank were worth $600,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Sanctuary Advisors LLC raised its holdings in M&T Bank by 0.3% during the 4th quarter. Sanctuary Advisors LLC now owns 15,819 shares of the financial services provider's stock worth $3,195,000 after buying an additional 52 shares during the period. Quadrant Capital Group LLC increased its position in shares of M&T Bank by 5.8% during the fourth quarter. Quadrant Capital Group LLC now owns 971 shares of the financial services provider's stock worth $183,000 after acquiring an additional 53 shares in the last quarter. Catalina Capital Group LLC raised its holdings in shares of M&T Bank by 2.0% during the fourth quarter. Catalina Capital Group LLC now owns 2,824 shares of the financial services provider's stock worth $531,000 after acquiring an additional 56 shares during the period. Parallel Advisors LLC raised its holdings in shares of M&T Bank by 1.7% during the fourth quarter. Parallel Advisors LLC now owns 3,512 shares of the financial services provider's stock worth $660,000 after acquiring an additional 60 shares during the period. Finally, Forum Financial Management LP lifted its position in M&T Bank by 2.2% in the 4th quarter. Forum Financial Management LP now owns 2,873 shares of the financial services provider's stock valued at $540,000 after acquiring an additional 62 shares in the last quarter. Institutional investors own 84.68% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on MTB. JPMorgan Chase & Co. lowered their target price on M&T Bank from $212.50 to $186.50 and set a "neutral" rating for the company in a report on Thursday, April 3rd. Morgan Stanley reduced their price objective on M&T Bank from $269.00 to $253.00 and set an "overweight" rating for the company in a research report on Thursday, March 13th. Cowen assumed coverage on M&T Bank in a research report on Wednesday, May 14th. They issued a "buy" rating on the stock. 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 note on Thursday, April 24th. Finally, TD Cowen assumed coverage on shares of M&T Bank in a research note on Thursday, May 15th. They set a "buy" rating and a $230.00 price target for the company. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $212.53.

Insider Buying and Selling

In other M&T Bank news, EVP Christopher E. Kay sold 1,738 shares of the firm's stock in a transaction 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 completion of the sale, the executive vice president now owns 10,751 shares of the company's stock, valued at $1,852,827.34. This trade represents a 13.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.53% of the stock is owned by insiders.

M&T Bank Stock Performance

Shares of MTB traded down $1.07 during midday trading on Monday, reaching $180.23. The stock had a trading volume of 672,193 shares, compared to its average volume of 1,153,123. The firm has a market cap of $28.93 billion, a PE ratio of 12.32, a P/E/G ratio of 1.38 and a beta of 0.58. The firm has a 50 day simple moving average of $172.38 and a 200-day simple moving average of $187.56. M&T Bank Co. has a one year low of $139.78 and a one year high of $225.70. The company has a current ratio of 0.98, a quick ratio of 0.99 and a debt-to-equity ratio of 0.47.

M&T Bank (NYSE:MTB - Get Free Report) last posted its quarterly earnings results on Monday, April 14th. The financial services provider reported $3.38 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 the consensus estimate 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 quarter in the previous year, the business posted $3.09 EPS. As a group, sell-side analysts anticipate that M&T Bank Co. will post 16.57 EPS for the current year.

M&T Bank Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 2nd will be paid a dividend of $1.35 per share. The ex-dividend date is Monday, June 2nd. This represents a $5.40 annualized dividend and a dividend yield of 3.00%. M&T Bank's dividend payout ratio is currently 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.