Schroder Investment Management Group Sells 25,727 Shares of M&T Bank Co. (NYSE:MTB)

Schroder Investment Management Group reduced its holdings in M&T Bank Co. (NYSE:MTB - Free Report) by 14.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 157,960 shares of the financial services provider's stock after selling 25,727 shares during the quarter. Schroder Investment Management Group owned about 0.10% of M&T Bank worth $29,785,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in MTB. Y.D. More Investments Ltd lifted its position in shares of 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 valued at $39,000 after acquiring an additional 114 shares during the period. Human Investing LLC bought a new stake in M&T Bank in the fourth quarter valued at $44,000. Sierra Ocean LLC acquired a new position in shares of M&T Bank during the fourth quarter valued at about $44,000. Loomis Sayles & Co. L P bought a new position in shares of M&T Bank during the 4th quarter worth about $52,000. Finally, Principal Securities Inc. grew its stake in shares of 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 period. 84.68% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Barclays increased their price target on M&T Bank from $228.00 to $235.00 and gave the stock an "equal weight" rating in a report on Monday, January 6th. Evercore ISI reduced their price target on shares of M&T Bank from $234.00 to $205.00 and set an "outperform" rating for the company in a research report on Thursday, March 13th. StockNews.com upgraded shares of M&T Bank from a "sell" rating to a "hold" rating in a report on Wednesday, February 5th. Citigroup reduced their price objective on shares of M&T Bank from $230.00 to $195.00 and set a "neutral" rating for the company in a report on Monday, March 24th. Finally, Compass Point upped their target price on shares of M&T Bank from $220.00 to $250.00 and gave the stock a "neutral" rating in a report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, M&T Bank has a consensus rating of "Hold" and an average price target of $215.97.

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Insider Buying and Selling 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 stock was sold at an average price of $172.34, for a total transaction of $299,526.92. Following the transaction, the executive vice president now owns 10,751 shares of the company's stock, valued at $1,852,827.34. This represents a 13.92 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.53% of the stock is owned by corporate insiders.

M&T Bank Stock Performance

NYSE:MTB traded down $6.23 during trading on Friday, reaching $157.13. The company's stock had a trading volume of 2,483,308 shares, compared to its average volume of 1,101,964. M&T Bank Co. has a 12 month low of $133.03 and a 12 month high of $225.70. The firm has a market cap of $25.82 billion, a price-to-earnings ratio of 10.74, a price-to-earnings-growth ratio of 1.38 and a beta of 0.58. The firm has a 50 day moving average of $186.82 and a 200-day moving average of $192.80. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.99 and a current ratio of 0.98.

M&T Bank (NYSE:MTB - Get Free Report) last posted its quarterly earnings results on Thursday, January 16th. The financial services provider reported $3.92 earnings per share for the quarter, beating the consensus estimate 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 quarter last year, the company earned $2.74 earnings per share. Research analysts expect that M&T Bank Co. will post 16.57 EPS for the current fiscal year.

M&T Bank Announces Dividend

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

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

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.