Oxford Asset Management LLP Invests $698,000 in M&T Bank Co. (NYSE:MTB)

Oxford Asset Management LLP acquired a new stake in M&T Bank Co. (NYSE:MTB - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 3,710 shares of the financial services provider's stock, valued at approximately $698,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in MTB. Y.D. More Investments Ltd lifted its stake in M&T Bank by 122.6% in the 4th quarter. Y.D. More Investments Ltd now owns 207 shares of the financial services provider's stock valued at $39,000 after purchasing an additional 114 shares during the last quarter. Human Investing LLC bought a new position in M&T Bank in the 4th quarter valued at approximately $44,000. Sierra Ocean LLC bought a new position in M&T Bank in the 4th quarter valued at approximately $44,000. Loomis Sayles & Co. L P bought a new position in M&T Bank in the 4th quarter valued at approximately $52,000. Finally, Principal Securities Inc. lifted 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 purchasing an additional 132 shares during the last quarter. Institutional investors own 84.68% of the company's stock.

Analyst Ratings Changes

MTB has been the subject of several research reports. Deutsche Bank Aktiengesellschaft raised shares of M&T Bank from a "hold" rating to a "buy" rating and set a $210.00 price objective for the company in a research note on Thursday. Royal Bank of Canada dropped their price target 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. Wells Fargo & Company dropped their price target on shares of M&T Bank from $185.00 to $175.00 and set an "underweight" rating for the company in a research note on Tuesday, April 15th. Barclays dropped their price target on shares of M&T Bank from $235.00 to $220.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 15th. Finally, Robert W. Baird dropped their price target on shares of M&T Bank from $220.00 to $200.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $208.24.

Insider Buying and Selling

In other M&T Bank news, EVP Christopher E. Kay sold 1,738 shares of the business's stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 10,751 shares of the company's stock, valued at approximately $1,852,827.34. The trade was a 13.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.53% of the stock is currently owned by company insiders.

M&T Bank Stock Up 0.8 %

NYSE:MTB traded up $1.33 during trading hours on Monday, reaching $168.72. The company had a trading volume of 884,425 shares, compared to its average volume of 1,119,813. The company has a quick ratio of 0.99, a current ratio of 0.98 and a debt-to-equity ratio of 0.47. The firm has a market cap of $27.72 billion, a price-to-earnings ratio of 11.53, a P/E/G ratio of 1.38 and a beta of 0.58. The business's 50-day simple moving average is $173.21 and its two-hundred day simple moving average is $190.75. M&T Bank Co. has a twelve month low of $139.78 and a twelve month high of $225.70.

M&T Bank (NYSE:MTB - Get Free Report) last posted its quarterly earnings results on Monday, April 14th. The financial services provider reported $3.38 EPS for the quarter, missing analysts' consensus estimates of $3.41 by ($0.03). The company had revenue of $2.31 billion during 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 in the previous year, the business posted $3.09 earnings per share. On average, equities analysts expect that M&T Bank Co. will post 16.57 earnings per share for the current year.

M&T Bank Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 3rd were given a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 3.20%. The ex-dividend date of this dividend was Monday, March 3rd. M&T Bank's payout ratio is presently 36.17%.

M&T Bank announced that its Board of Directors has approved a stock repurchase program on Wednesday, January 22nd that authorizes the company to repurchase $4.00 billion in shares. This repurchase authorization authorizes the financial services provider to purchase up to 12.3% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's leadership believes its stock is undervalued.

About M&T Bank

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.