Hsbc Holdings PLC Has $85.34 Million Position in M&T Bank Co. (NYSE:MTB)

Hsbc Holdings PLC lifted its position in M&T Bank Co. (NYSE:MTB - Free Report) by 4.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 453,754 shares of the financial services provider's stock after buying an additional 17,431 shares during the quarter. Hsbc Holdings PLC owned about 0.27% of M&T Bank worth $85,342,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Y.D. More Investments Ltd lifted its position in M&T Bank by 122.6% during the 4th quarter. Y.D. More Investments Ltd now owns 207 shares of the financial services provider's stock worth $39,000 after acquiring an additional 114 shares during the last quarter. Human Investing LLC bought a new stake in M&T Bank in the 4th quarter valued at $44,000. Sierra Ocean LLC acquired a new stake in M&T Bank in the 4th quarter worth $44,000. Loomis Sayles & Co. L P acquired a new stake in M&T Bank in the 4th quarter worth $52,000. Finally, Principal Securities Inc. increased its holdings in shares of M&T Bank by 47.5% during the 4th quarter. Principal Securities Inc. now owns 410 shares of the financial services provider's stock worth $77,000 after purchasing an additional 132 shares during the period. 84.68% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, EVP Christopher E. Kay sold 1,738 shares of the business'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 sale, the executive vice president now owns 10,751 shares of the company's stock, valued at $1,852,827.34. The trade was a 13.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.53% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on MTB. DA Davidson reduced their price objective on M&T Bank from $205.00 to $189.00 and set a "neutral" rating for the company in a research report on Tuesday, April 15th. Royal Bank of Canada dropped their price objective on shares of M&T Bank from $208.00 to $200.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. Evercore ISI decreased their target price on shares of M&T Bank from $234.00 to $205.00 and set an "outperform" rating on the stock in a research report on Thursday, March 13th. JPMorgan Chase & Co. cut their price target on shares of M&T Bank from $212.50 to $186.50 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. Finally, Deutsche Bank Aktiengesellschaft upgraded M&T Bank from a "hold" rating to a "buy" rating and set a $210.00 price objective on the stock in a research note on Thursday, April 24th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $208.24.

M&T Bank Trading Up 0.3 %

Shares of M&T Bank stock traded up $0.47 during trading hours on Tuesday, hitting $169.19. The company's stock had a trading volume of 172,030 shares, compared to its average volume of 1,116,131. The company has a market capitalization of $27.80 billion, a PE ratio of 11.56, a price-to-earnings-growth ratio of 1.38 and a beta of 0.58. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.98 and a quick ratio of 0.99. The stock has a 50 day moving average of $173.21 and a 200 day moving average of $190.75. M&T Bank Co. has a 12 month low of $139.78 and a 12 month high of $225.70.

M&T Bank (NYSE:MTB - Get Free Report) last announced its earnings results on Monday, April 14th. The financial services provider reported $3.38 EPS for the quarter, missing the consensus estimate of $3.41 by ($0.03). The company had revenue of $2.31 billion for the quarter, compared to analyst estimates 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 last year, the business posted $3.09 earnings per share. Analysts predict that M&T Bank Co. will post 16.57 earnings per share for the current year.

M&T Bank announced that its board has initiated a stock repurchase plan on Wednesday, January 22nd that allows the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization allows the financial services provider to reacquire up to 12.3% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's leadership believes its shares are undervalued.

M&T Bank Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 3rd were paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date was Monday, March 3rd. M&T Bank's payout ratio is presently 36.17%.

M&T Bank 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.