Caxton Associates LP decreased its holdings in M&T Bank Co. (NYSE:MTB) by 49.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,844 shares of the financial services provider’s stock after selling 3,765 shares during the period. Caxton Associates LP’s holdings in M&T Bank were worth $550,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. UMB Bank N A MO increased its holdings in shares of M&T Bank by 10.4% in the 4th quarter. UMB Bank N A MO now owns 2,041 shares of the financial services provider’s stock worth $292,000 after purchasing an additional 192 shares in the last quarter. Mountain Pacific Investment Advisers Inc. ID increased its holdings in shares of M&T Bank by 3.1% in the 4th quarter. Mountain Pacific Investment Advisers Inc. ID now owns 65,456 shares of the financial services provider’s stock worth $9,369,000 after purchasing an additional 1,973 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of M&T Bank by 3.0% in the 3rd quarter. Legal & General Group Plc now owns 692,928 shares of the financial services provider’s stock worth $114,030,000 after purchasing an additional 20,214 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of M&T Bank by 0.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,761,927 shares of the financial services provider’s stock worth $948,067,000 after purchasing an additional 43,529 shares in the last quarter. Finally, Banco Santander S.A. bought a new stake in shares of M&T Bank in the 4th quarter worth $23,961,000. 78.95% of the stock is owned by institutional investors and hedge funds.

In related news, insider Sabeth Siddique sold 365 shares of M&T Bank stock in a transaction on Tuesday, January 22nd. The stock was sold at an average price of $165.67, for a total value of $60,469.55. Following the completion of the sale, the insider now owns 1,464 shares of the company’s stock, valued at $242,540.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael J. Todaro sold 667 shares of M&T Bank stock in a transaction on Wednesday, January 30th. The stock was sold at an average price of $167.70, for a total value of $111,855.90. Following the completion of the sale, the insider now directly owns 1,798 shares of the company’s stock, valued at approximately $301,524.60. The disclosure for this sale can be found here. Insiders sold 12,766 shares of company stock valued at $2,111,968 in the last ninety days. 0.54% of the stock is currently owned by corporate insiders.

Shares of MTB opened at $172.52 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.06 and a quick ratio of 1.06. M&T Bank Co. has a one year low of $133.78 and a one year high of $192.35. The firm has a market capitalization of $23.89 billion, a P/E ratio of 13.42, a PEG ratio of 0.88 and a beta of 1.07.

M&T Bank (NYSE:MTB) last issued its quarterly earnings data on Thursday, January 17th. The financial services provider reported $3.76 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.49 by $0.27. M&T Bank had a return on equity of 14.24% and a net margin of 29.72%. The company had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the previous year, the company posted $2.66 earnings per share. Equities research analysts predict that M&T Bank Co. will post 14.62 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Monday, March 4th will be issued a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 2.32%. The ex-dividend date is Friday, March 1st. M&T Bank’s payout ratio is currently 31.10%.

A number of analysts have commented on MTB shares. Barclays reissued a “buy” rating and issued a $207.00 target price on shares of M&T Bank in a report on Thursday, February 21st. Zacks Investment Research raised M&T Bank from a “hold” rating to a “buy” rating and set a $183.00 target price for the company in a report on Friday, January 18th. Morgan Stanley reduced their target price on M&T Bank from $175.00 to $173.00 and set an “equal weight” rating for the company in a report on Tuesday, January 8th. ValuEngine raised M&T Bank from a “sell” rating to a “hold” rating in a report on Friday. Finally, Wedbush set a $165.00 price objective on M&T Bank and gave the stock a “hold” rating in a report on Friday, January 18th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $180.27.

COPYRIGHT VIOLATION WARNING: “Caxton Associates LP Sells 3,765 Shares of M&T Bank Co. (MTB)” was published by Watch List News and is owned by of Watch List News. If you are reading this report on another publication, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright law. The correct version of this report can be read at https://www.watchlistnews.com/caxton-associates-lp-sells-3765-shares-of-mt-bank-co-mtb/2896768.html.

M&T Bank Profile

M&T Bank Corporation operates as the holding company for Manufacturers and Traders Trust Company; and Wilmington Trust, National Association that provide banking services. The company's Business Banking segment offers deposits, business loans and leases, and credit cards; and cash management, payroll, and letters of credit services to small businesses and professionals.

Read More: How a Strangle Strategy is different from a Straddle Strategy

Want to see what other hedge funds are holding MTB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for M&T Bank Co. (NYSE:MTB).

Institutional Ownership by Quarter for M&T Bank (NYSE:MTB)

Receive News & Ratings for M&T Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for M&T Bank and related companies with MarketBeat.com's FREE daily email newsletter.