LSV Asset Management Has $150.79 Million Holdings in M&T Bank Co. (NYSE:MTB)

LSV Asset Management trimmed its position in M&T Bank Co. (NYSE:MTB - Free Report) by 0.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,099,982 shares of the financial services provider's stock after selling 8,570 shares during the quarter. LSV Asset Management owned 0.66% of M&T Bank worth $150,786,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of MTB. HHM Wealth Advisors LLC purchased a new position in M&T Bank in the fourth quarter valued at approximately $25,000. Headinvest LLC purchased a new position in shares of M&T Bank in the 3rd quarter valued at $29,000. BKM Wealth Management LLC acquired a new position in shares of M&T Bank during the 4th quarter valued at $32,000. Creative Financial Designs Inc. ADV purchased a new stake in M&T Bank during the 4th quarter worth $33,000. Finally, CVA Family Office LLC purchased a new stake in M&T Bank during the 4th quarter worth $33,000. 84.68% of the stock is owned by institutional investors and hedge funds.

M&T Bank Stock Up 0.2 %

NYSE:MTB traded up $0.31 during mid-day trading on Friday, reaching $146.58. The stock had a trading volume of 531,891 shares, compared to its average volume of 1,021,836. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.94 and a quick ratio of 0.99. The company has a market capitalization of $24.42 billion, a price-to-earnings ratio of 9.91, a price-to-earnings-growth ratio of 1.22 and a beta of 0.78. M&T Bank Co. has a 1-year low of $108.53 and a 1-year high of $148.93. The stock's 50 day simple moving average is $141.81 and its two-hundred day simple moving average is $134.54.

M&T Bank (NYSE:MTB - Get Free Report) last released its quarterly earnings data on Monday, April 15th. The financial services provider reported $3.02 EPS for the quarter, missing analysts' consensus estimates of $3.13 by ($0.11). The business had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.26 billion. M&T Bank had a return on equity of 10.68% and a net margin of 19.52%. During the same period in the prior year, the firm earned $4.09 EPS. Equities analysts anticipate that M&T Bank Co. will post 13.92 EPS for the current year.

M&T Bank Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Monday, March 4th were paid a dividend of $1.30 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $5.20 annualized dividend and a yield of 3.55%. M&T Bank's dividend payout ratio (DPR) is 35.16%.

Analysts Set New Price Targets

MTB has been the topic of several research reports. DA Davidson reissued a "neutral" rating and issued a $159.00 price objective on shares of M&T Bank in a research report on Tuesday, April 16th. StockNews.com lowered M&T Bank from a "hold" rating to a "sell" rating in a research report on Friday. Royal Bank of Canada restated an "outperform" rating and issued a $160.00 price target on shares of M&T Bank in a report on Tuesday, April 16th. UBS Group lifted their price objective on shares of M&T Bank from $139.00 to $154.00 in a research note on Wednesday, January 17th. Finally, Bank of America upped their target price on shares of M&T Bank from $157.00 to $160.00 and gave the company a "buy" rating in a research note on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $158.48.

Insiders Place Their Bets

In other news, EVP Doris P. Meister sold 1,675 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $137.91, for a total transaction of $230,999.25. Following the sale, the executive vice president now directly owns 8,961 shares in the company, valued at approximately $1,235,811.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director John P. Barnes sold 10,000 shares of the stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $147.11, for a total value of $1,471,100.00. Following the sale, the director now owns 34,545 shares of the company's stock, valued at approximately $5,081,914.95. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Doris P. Meister sold 1,675 shares of the company's stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $137.91, for a total transaction of $230,999.25. Following the completion of the transaction, the executive vice president now owns 8,961 shares of the company's stock, valued at approximately $1,235,811.51. The disclosure for this sale can be found here. Insiders have sold 46,119 shares of company stock valued at $6,679,812 over the last quarter. Insiders own 0.82% of the company's stock.

M&T Bank Company 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.