Parametric Portfolio Associates LLC grew its stake in shares of M&T Bank Co. (NYSE:MTB) by 2.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 279,187 shares of the financial services provider’s stock after buying an additional 7,568 shares during the quarter. Parametric Portfolio Associates LLC owned 0.19% of M&T Bank worth $44,960,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. California Public Employees Retirement System raised its position in shares of M&T Bank by 5.6% during the 3rd quarter. California Public Employees Retirement System now owns 418,997 shares of the financial services provider’s stock valued at $67,475,000 after buying an additional 22,223 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of M&T Bank during the 3rd quarter valued at $213,000. Janney Montgomery Scott LLC raised its position in shares of M&T Bank by 5.3% during the 3rd quarter. Janney Montgomery Scott LLC now owns 28,206 shares of the financial services provider’s stock valued at $4,542,000 after buying an additional 1,428 shares in the last quarter. Janney Capital Management LLC purchased a new stake in shares of M&T Bank during the 3rd quarter valued at $231,000. Finally, Caisse DE Depot ET Placement DU Quebec raised its position in shares of M&T Bank by 1.9% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 27,187 shares of the financial services provider’s stock valued at $4,397,000 after buying an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 77.71% of the company’s stock.

M&T Bank Co. (NYSE:MTB) opened at $172.53 on Thursday. M&T Bank Co. has a 12-month low of $141.12 and a 12-month high of $176.62. The stock has a market cap of $26,174.63, a PE ratio of 19.81, a P/E/G ratio of 2.12 and a beta of 0.84. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.05 and a current ratio of 1.05.

M&T Bank (NYSE:MTB) last issued its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $2.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.40 by ($0.19). M&T Bank had a net margin of 23.97% and a return on equity of 9.52%. The business had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.43 billion. During the same period last year, the business earned $2.10 earnings per share. equities analysts anticipate that M&T Bank Co. will post 9.1 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 1st will be given a dividend of $0.75 per share. The ex-dividend date is Thursday, November 30th. This represents a $3.00 dividend on an annualized basis and a yield of 1.74%. M&T Bank’s dividend payout ratio (DPR) is currently 34.64%.

A number of equities analysts recently commented on MTB shares. Wells Fargo & Company set a $180.00 target price on shares of M&T Bank and gave the stock a “hold” rating in a research report on Wednesday. Morgan Stanley reissued an “equal weight” rating and issued a $180.00 price target on shares of M&T Bank in a report on Thursday, December 14th. UBS raised shares of M&T Bank from a “sell” rating to a “neutral” rating and raised their price target for the stock from $150.00 to $173.00 in a report on Tuesday, December 12th. Nomura raised their price target on shares of M&T Bank from $145.00 to $162.00 and gave the stock a “neutral” rating in a report on Monday, October 23rd. Finally, Robert W. Baird reissued a “sell” rating and issued a $145.00 price target on shares of M&T Bank in a report on Friday, October 20th. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have issued a buy rating to the stock. M&T Bank presently has an average rating of “Hold” and an average price target of $166.41.

In related news, Director Gary N. Geisel sold 1,046 shares of M&T Bank stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $170.49, for a total transaction of $178,332.54. Following the completion of the transaction, the director now directly owns 17,586 shares of the company’s stock, valued at approximately $2,998,237.14. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Randolph Michael Kasum sold 530,000 shares of M&T Bank stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $0.08, for a total transaction of $42,400.00. Over the last three months, insiders have purchased 534,000 shares of company stock valued at $43,440 and have sold 912,128 shares valued at $5,540,108. Company insiders own 3.18% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Parametric Portfolio Associates LLC Boosts Stake in M&T Bank Co. (MTB)” was posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this report on another site, it was illegally copied and republished in violation of United States and international copyright & trademark legislation. The correct version of this report can be read at https://www.thecerbatgem.com/2017/12/21/parametric-portfolio-associates-llc-boosts-stake-in-mt-bank-co-mtb.html.

M&T Bank Profile

M&T Bank Corporation (M&T) is a bank holding company. As of December 31, 2016, M&T had two bank subsidiaries: Manufacturers and Traders Trust Company (M&T Bank) and Wilmington Trust, National Association (Wilmington Trust, N.A.). The Company, along with its subsidiaries, offers a range of retail and commercial banking, trust and wealth management, and investment services.

Want to see what other hedge funds are holding MTB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for M&T Bank Co. (NYSE:MTB).

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

Receive News & Ratings for M&T Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for M&T Bank and related companies with MarketBeat.com's FREE daily email newsletter.