UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $252.41 Million Holdings in M&T Bank Corporation $MTB

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of M&T Bank Corporation (NYSE:MTB) by 2.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,060,517 shares of the financial services provider’s stock after buying an additional 26,486 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.73% of M&T Bank worth $252,414,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the stock. Empowered Funds LLC increased its stake in shares of M&T Bank by 11.9% in the 1st quarter. Empowered Funds LLC now owns 3,396 shares of the financial services provider’s stock valued at $607,000 after acquiring an additional 362 shares during the last quarter. Woodline Partners LP lifted its stake in M&T Bank by 40.7% in the first quarter. Woodline Partners LP now owns 14,018 shares of the financial services provider’s stock valued at $2,506,000 after buying an additional 4,054 shares in the last quarter. Lazard Asset Management LLC boosted its stake in M&T Bank by 24.6% in the 2nd quarter. Lazard Asset Management LLC now owns 2,900 shares of the financial services provider’s stock worth $562,000 after purchasing an additional 572 shares during the period. MUFG Securities EMEA plc acquired a new position in shares of M&T Bank during the second quarter worth about $92,000. Finally, Geneos Wealth Management Inc. grew its stake in shares of M&T Bank by 4.3% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,727 shares of the financial services provider’s stock worth $335,000 after acquiring an additional 71 shares in the last quarter. Institutional investors and hedge funds own 84.68% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on MTB shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of M&T Bank in a research report on Thursday, June 4th. Royal Bank Of Canada raised their price objective on shares of M&T Bank from $230.00 to $255.00 and gave the stock an “outperform” rating in a research report on Thursday, July 16th. Morgan Stanley boosted their price objective on M&T Bank from $245.00 to $253.00 and gave the stock an “equal weight” rating in a report on Monday, June 29th. JPMorgan Chase & Co. upped their target price on M&T Bank from $251.50 to $265.50 and gave the company a “neutral” rating in a research report on Wednesday, July 29th. Finally, UBS Group increased their target price on M&T Bank from $252.00 to $255.00 and gave the stock a “neutral” rating in a research note on Monday, August 3rd. Seven equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, M&T Bank presently has a consensus rating of “Hold” and a consensus target price of $253.43.

M&T Bank Trading Down 1.5%

Shares of MTB stock opened at $233.68 on Tuesday. The stock has a market cap of $33.75 billion, a P/E ratio of 12.34, a price-to-earnings-growth ratio of 1.10 and a beta of 0.57. M&T Bank Corporation has a 1 year low of $174.76 and a 1 year high of $255.95. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.53. The stock has a 50 day simple moving average of $244.71 and a 200 day simple moving average of $225.75.

M&T Bank (NYSE:MTB) last posted its quarterly earnings data on Wednesday, July 15th. The financial services provider reported $5.35 EPS for the quarter, topping analysts’ consensus estimates of $4.66 by $0.69. The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.46 billion. M&T Bank had a return on equity of 11.80% and a net margin of 22.72%.During the same quarter last year, the company earned $4.28 EPS. On average, research analysts predict that M&T Bank Corporation will post 19.43 earnings per share for the current fiscal year.

M&T Bank Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 1st will be paid a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Tuesday, September 1st. M&T Bank’s payout ratio is 31.68%.

Insider Buying and Selling

In related 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 transaction of $150,167.92. Following the completion of the sale, the director owned 3,649 shares of the company’s stock, valued at $879,554.96. This represents a 14.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.44% of the stock is currently owned by company insiders.

M&T Bank 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.