B. Metzler seel. Sohn & Co. AG Increases Stock Position in M&T Bank Co. (NYSE:MTB)

B. Metzler seel. Sohn & Co. AG raised its holdings in shares of M&T Bank Co. (NYSE:MTB - Free Report) by 81.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,888 shares of the financial services provider's stock after purchasing an additional 7,109 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in M&T Bank were worth $2,987,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Y.D. More Investments Ltd grew its holdings in M&T Bank by 122.6% during the fourth quarter. Y.D. More Investments Ltd now owns 207 shares of the financial services provider's stock worth $39,000 after buying an additional 114 shares in the last quarter. Human Investing LLC bought a new stake in shares of M&T Bank in the 4th quarter worth $44,000. Sierra Ocean LLC purchased a new stake in shares of M&T Bank in the fourth quarter valued at about $44,000. Loomis Sayles & Co. L P bought a new stake in M&T Bank in the 4th quarter worth about $52,000. Finally, Principal Securities Inc. increased its stake in M&T Bank by 47.5% in the 4th quarter. Principal Securities Inc. now owns 410 shares of the financial services provider's stock valued at $77,000 after buying an additional 132 shares during the last quarter. 84.68% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. StockNews.com raised M&T Bank from a "sell" rating to a "hold" rating in a report on Wednesday, February 5th. Citigroup dropped their price objective on M&T Bank from $230.00 to $195.00 and set a "neutral" rating on the stock in a research note on Monday, March 24th. Truist Financial decreased their target price on M&T Bank from $236.00 to $225.00 and set a "buy" rating for the company in a research report on Friday. Wells Fargo & Company dropped their price target on M&T Bank from $205.00 to $185.00 and set an "underweight" rating on the stock in a research report on Friday, March 28th. Finally, Evercore ISI decreased their price objective on M&T Bank from $234.00 to $205.00 and set an "outperform" rating for the company in a report on Thursday, March 13th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, M&T Bank currently has an average rating of "Hold" and an average target price of $215.97.

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M&T Bank Price Performance

Shares of NYSE MTB traded down $6.23 during midday trading on Friday, hitting $157.13. 2,483,308 shares of the company's stock were exchanged, compared to its average volume of 1,101,964. The business's fifty day moving average price is $186.82 and its two-hundred day moving average price is $192.67. The company has a market cap of $25.82 billion, a price-to-earnings ratio of 10.74, a PEG ratio of 1.38 and a beta of 0.58. 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 Co. has a 12-month low of $133.03 and a 12-month high of $225.70.

M&T Bank (NYSE:MTB - Get Free Report) last issued its quarterly earnings results on Thursday, January 16th. The financial services provider reported $3.92 EPS for the quarter, topping analysts' consensus estimates of $3.70 by $0.22. M&T Bank had a net margin of 19.24% and a return on equity of 10.12%. During the same period last year, the business posted $2.74 EPS. As a group, research analysts forecast that M&T Bank Co. will post 16.57 EPS for the current fiscal year.

M&T Bank Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 3rd were paid a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 3.44%. The ex-dividend date was Monday, March 3rd. M&T Bank's dividend payout ratio (DPR) is currently 36.91%.

M&T Bank declared that its Board of Directors has initiated a share buyback plan on Wednesday, January 22nd that authorizes the company to buyback $4.00 billion in outstanding shares. This buyback authorization authorizes the financial services provider to repurchase up to 12.3% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's management believes its shares are undervalued.

Insider Transactions at M&T Bank

In other news, EVP Christopher E. Kay sold 1,738 shares of the company's stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $172.34, for a total value 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 approximately $1,852,827.34. This represents a 13.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.53% of the company's stock.

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.