2 weeks Ago By Defense World Staff
DoubleLine ETF Adviser LP lessened its holdings in shares of M&T Bank Co. ( NYSE:MTB – Free Report ) by 4.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission.
The institutional investor owned 2,924 shares of the financial services provider’s stock after selling 134 shares during the quarter. DoubleLine ETF Adviser LP’s holdings in M&T Bank were worth $443,000 at the end of the most recent quarter. Other hedge funds and other institutional investors also recently bought and sold shares of the company.
APG Asset Management N.V. grew its position in shares of M&T Bank by 194.
8% during the second quarter. APG Asset Management N.V.
now owns 18,917 shares of the financial services provider’s stock worth $2,672,000 after buying an additional 12,500 shares in the last quarter. AQR Capital Management LLC boosted its stake in M&T Bank by 72.3% during the 2nd quarter.
AQR Capital Management LLC now owns 128,152 shares of the financial services provider’s stock valued at $19,178,000 after acquiring an additional 53,795 shares during the last quarter. Abich Financial Wealth Management LLC grew its holdings in M&T Bank by 27.5% during the 2nd quarter.
Abich Financial Wealth Management LLC now owns 1,007 shares of the financial services provider’s stock worth $152,000 after acquiring an additional 217 shares in the last quarter. Point72 Europe London LLP bought a new stake in shares of M&T Bank in the 2nd quarter worth about $9,233,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in shares of M&T Bank by 61.
0% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 31,910 shares of the financial services provider’s stock valued at $4,830,000 after purchasing an additional 12,096 shares in the last quarter. 84.
68% of the stock is currently owned by hedge funds and other institutional investors. Insider Transactions at M&T Bank In related news, Director Denis J. Salamone sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd.
The stock was sold at an average price of $172.03, for a total transaction of $1,720,300.00.
Following the sale, the director now owns 44,902 shares of the company’s stock, valued at $7,724,491.06. The sale was disclosed in a filing with the SEC, which is available through the SEC website .
In related news, Director Kirk W. Walters sold 7,464 shares of M&T Bank stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $173.
97, for a total transaction of $1,298,512.08. Following the transaction, the director now directly owns 15,045 shares of the company’s stock, valued at $2,617,378.
65. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink . Also, Director Denis J.
Salamone sold 10,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $172.03, for a total transaction of $1,720,300.
00. Following the completion of the sale, the director now directly owns 44,902 shares of the company’s stock, valued at $7,724,491.06.
The disclosure for this sale can be found here . In the last three months, insiders sold 32,699 shares of company stock valued at $5,115,349. Company insiders own 0.
82% of the company’s stock. Analyst Upgrades and Downgrades Read Our Latest Analysis on M&T Bank M&T Bank Stock Up 1.5 % MTB opened at $175.
27 on Friday. The stock’s 50 day moving average price is $168.25 and its 200 day moving average price is $154.
19. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.
00 and a quick ratio of 1.00. The stock has a market cap of $29.
24 billion, a P/E ratio of 11.85, a P/E/G ratio of 3.55 and a beta of 0.
76. M&T Bank Co. has a 12 month low of $108.
53 and a 12 month high of $180.63. M&T Bank ( NYSE:MTB – Get Free Report ) last issued its quarterly earnings results on Thursday, July 18th.
The financial services provider reported $3.73 EPS for the quarter, beating analysts’ consensus estimates of $3.50 by $0.
23. The company had revenue of $3.37 billion for the quarter, compared to analyst estimates of $2.
27 billion. M&T Bank had a return on equity of 9.62% and a net margin of 17.
84%. During the same period last year, the company earned $5.12 earnings per share.
As a group, research analysts predict that M&T Bank Co. will post 14.23 earnings per share for the current year.
M&T Bank Dividend Announcement The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Tuesday, September 3rd will be paid a $1.35 dividend.
This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.08%.
The ex-dividend date is Tuesday, September 3rd. M&T Bank’s dividend payout ratio is currently 36.51%.
M&T Bank Company Profile ( Free Report ) M&T Bank Corporation operates as a bank holding company for Manufacturers and Traders Trust Company and Wilmington Trust, National Association that engages in the provision of retail and commercial banking products and services in the United States. The company operates through three segments: Commercial Bank, Retail Bank, and Institutional Services and Wealth Management. Recommended Stories Five stocks we like better than M&T Bank What Are Dividend Challengers? Rocket Lab Stock Soars: Should Investors Chase the Rally? How to buy stock: A step-by-step guide for beginners KB Home Slips After Earnings: What’s Next for Homebuilders? Learn Technical Analysis Skills to Master the Stock Market Micron Stock Soars as AI Demand Fuels Big Q4 Earnings Beat 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.
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