Vontobel Asset Management Inc. raised its stake in M&T Bank Corp. (NYSE:MTB) by 603.6% during the third quarter, according to its most recent filing with the SEC. The firm owned 1,360,850 shares of the company’s stock after buying an additional 1,167,431 shares during the period. Vontobel Asset Management Inc. owned about 0.87% of M&T Bank Corp. worth $163,010,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of MTB. Euclid Advisors LLC purchased a new stake in shares of M&T Bank Corp. during the second quarter worth approximately $128,000. NEXT Financial Group Inc boosted its stake in shares of M&T Bank Corp. by 36.5% in the second quarter. NEXT Financial Group Inc now owns 1,096 shares of the company’s stock worth $129,000 after buying an additional 293 shares during the period. Investment Counselors of Maryland LLC boosted its stake in shares of M&T Bank Corp. by 3.5% in the second quarter. Investment Counselors of Maryland LLC now owns 1,484 shares of the company’s stock worth $175,000 after buying an additional 50 shares during the period. Global X Management Co. LLC boosted its stake in shares of M&T Bank Corp. by 99.3% in the second quarter. Global X Management Co. LLC now owns 1,694 shares of the company’s stock worth $200,000 after buying an additional 844 shares during the period. Finally, Burney Co. purchased a new stake in shares of M&T Bank Corp. during the second quarter worth approximately $203,000. 80.24% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for M&T Bank Corp. (NYSE:MTB)

M&T Bank Corp. (NYSE:MTB) traded down 0.14% on Monday, hitting $141.06. 898,345 shares of the stock were exchanged. The company has a 50-day moving average of $122.92 and a 200-day moving average of $117.99. M&T Bank Corp. has a 12 month low of $100.08 and a 12 month high of $141.99. The stock has a market cap of $21.87 billion, a price-to-earnings ratio of 18.92 and a beta of 0.70.

M&T Bank Corp. (NYSE:MTB) last posted its quarterly earnings data on Wednesday, October 19th. The company reported $2.13 EPS for the quarter, topping the consensus estimate of $2.04 by $0.09. M&T Bank Corp. had a net margin of 22.32% and a return on equity of 8.59%. During the same quarter last year, the company earned $1.93 EPS. On average, equities analysts predict that M&T Bank Corp. will post $7.89 EPS for the current year.

A number of analysts have commented on the stock. upped their price target on shares of M&T Bank Corp. from $128.00 to $129.00 and gave the company an “outperform” rating in a research report on Friday, September 23rd. Robert W. Baird reaffirmed an “underperform” rating on shares of M&T Bank Corp. in a research report on Saturday. Barclays PLC reaffirmed a “buy” rating on shares of M&T Bank Corp. in a research report on Friday, August 12th. Zacks Investment Research cut shares of M&T Bank Corp. from a “hold” rating to a “sell” rating in a research report on Thursday, September 29th. Finally, Sanford C. Bernstein reiterated a “market perform” rating on shares of M&T Bank Corp. in a report on Saturday. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $120.50.

In other M&T Bank Corp. news, Chairman Robert G. Wilmers sold 100,000 shares of M&T Bank Corp. stock in a transaction dated Friday, August 26th. The shares were sold at an average price of $117.76, for a total value of $11,776,000.00. Following the completion of the transaction, the chairman now directly owns 2,598,729 shares of the company’s stock, valued at $306,026,327.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Kevin J. Pearson sold 33,379 shares of M&T Bank Corp. stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $116.75, for a total transaction of $3,896,998.25. Following the completion of the transaction, the insider now directly owns 61,094 shares of the company’s stock, valued at $7,132,724.50. The disclosure for this sale can be found here. Corporate insiders own 3.63% of the company’s stock.

About M&T Bank Corp.

M&T Bank Corporation (M&T) is a bank holding company. The Company, through its subsidiaries, M&T Bank and Wilmington Trust, National Association (Wilmington Trust, N.A.), offer a range of retail and commercial banking, trust and wealth management, and investment services to their customers. M&T’s segments include Business Banking, Commercial Banking, Commercial Real Estate, Discretionary Portfolio, Residential Mortgage Banking and Retail Banking.

5 Day Chart for NYSE:MTB

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