Susquehanna Fundamental Investments LLC Raises Stock Holdings in M&T Bank Corporation $MTB

Susquehanna Fundamental Investments LLC boosted its position in shares of M&T Bank Corporation (NYSE:MTB) by 205.4% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 110,553 shares of the financial services provider’s stock after acquiring an additional 74,353 shares during the quarter. Susquehanna Fundamental Investments LLC’s holdings in M&T Bank were worth $26,313,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its stake in shares of M&T Bank by 3.6% in the fourth quarter. Bank of New York Mellon Corp now owns 1,416,224 shares of the financial services provider’s stock worth $285,341,000 after purchasing an additional 49,336 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in M&T Bank by 2.6% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,060,517 shares of the financial services provider’s stock valued at $252,414,000 after buying an additional 26,486 shares during the last quarter. Barclays PLC increased its holdings in M&T Bank by 3.9% in the 4th quarter. Barclays PLC now owns 530,305 shares of the financial services provider’s stock worth $106,846,000 after buying an additional 20,120 shares during the period. Davis Asset Management L.P. acquired a new position in M&T Bank in the 2nd quarter worth approximately $97,584,000. Finally, Russell Investments Group Ltd. increased its holdings in M&T Bank by 35.4% in the 4th quarter. Russell Investments Group Ltd. now owns 396,531 shares of the financial services provider’s stock worth $79,954,000 after buying an additional 103,692 shares during the period. Hedge funds and other institutional investors own 84.68% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on MTB. Jefferies Financial Group restated a “buy” rating and set a $300.00 price objective on shares of M&T Bank in a research note on Wednesday, July 15th. Morgan Stanley increased their price objective on shares of M&T Bank from $245.00 to $253.00 and gave the stock an “equal weight” rating in a research note on Monday, June 29th. Wells Fargo & Company boosted their target price on shares of M&T Bank from $215.00 to $224.00 and gave the company an “underweight” rating in a research report on Thursday, July 16th. Deutsche Bank Aktiengesellschaft lowered shares of M&T Bank from a “buy” rating to a “hold” rating and set a $250.00 price target on the stock. in a report on Thursday, July 23rd. Finally, Wall Street Zen raised M&T Bank from a “sell” rating to a “hold” rating in a research report on Monday, July 20th. Seven investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, M&T Bank currently has a consensus rating of “Hold” and a consensus target price of $253.43.

Insiders Place Their Bets

In other M&T Bank news, Director Rudina Seseri sold 623 shares of the company’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $241.04, for a total value of $150,167.92. Following the completion of the transaction, the director owned 3,649 shares in the company, valued at approximately $879,554.96. This represents a 14.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.44% of the company’s stock.

M&T Bank Trading Up 0.2%

M&T Bank stock opened at $237.86 on Monday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.53. M&T Bank Corporation has a 12 month low of $174.76 and a 12 month high of $255.95. The stock’s 50 day simple moving average is $244.59 and its two-hundred day simple moving average is $225.77. The firm has a market cap of $34.35 billion, a PE ratio of 12.56, a P/E/G ratio of 1.10 and a beta of 0.57.

M&T Bank (NYSE:MTB) last posted its earnings results on Wednesday, July 15th. The financial services provider reported $5.35 earnings per share for the quarter, beating the consensus estimate of $4.66 by $0.69. The firm had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.46 billion. M&T Bank had a net margin of 22.72% and a return on equity of 11.80%. During the same period in the previous year, the firm earned $4.28 EPS. Analysts anticipate that M&T Bank Corporation will post 19.43 earnings per share for the current year.

M&T Bank Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 1st will be given a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 2.5%. The ex-dividend date is Tuesday, September 1st. M&T Bank’s dividend payout ratio (DPR) is currently 31.68%.

M&T Bank Company Profile

M&T Bank Corporation is a bank holding company headquartered in Buffalo, New York, that provides a broad range of banking and financial services to individuals, businesses and institutions. The company operates a commercial and retail banking franchise that includes deposit-taking, lending, and payment services delivered through branch networks, digital channels and commercial banking teams. M&T serves customers across the northeastern and mid‑Atlantic United States and has expanded its geographic footprint through strategic acquisitions.

Its core businesses include commercial banking for middle‑market and community businesses, consumer and retail banking, mortgage origination and servicing, treasury and cash management, and wealth management and trust services.