LVW Advisors LLC raised its position in shares of M&T Bank Corporation (NYSE:MTB) by 0.8% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 3,298 shares of the bank’s stock after buying an additional 25 shares during the period. LVW Advisors LLC’s holdings in M&T Bank Corporation were worth $532,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of MTB. Buffington Mohr McNeal boosted its position in shares of M&T Bank Corporation by 33.9% in the first quarter. Buffington Mohr McNeal now owns 6,010 shares of the bank’s stock worth $930,000 after buying an additional 1,520 shares during the last quarter. WealthTrust Axiom LLC acquired a new position in shares of M&T Bank Corporation during the first quarter worth approximately $220,000. JPMorgan Chase & Co. boosted its position in shares of M&T Bank Corporation by 2.1% in the first quarter. JPMorgan Chase & Co. now owns 5,672,025 shares of the bank’s stock worth $877,633,000 after buying an additional 114,924 shares during the last quarter. Candriam Luxembourg S.C.A. boosted its position in shares of M&T Bank Corporation by 25.2% in the first quarter. Candriam Luxembourg S.C.A. now owns 22,141 shares of the bank’s stock worth $3,426,000 after buying an additional 4,461 shares during the last quarter. Finally, Bessemer Group Inc. boosted its position in shares of M&T Bank Corporation by 153.0% in the fourth quarter. Bessemer Group Inc. now owns 6,837 shares of the bank’s stock worth $1,069,000 after buying an additional 4,135 shares during the last quarter. Institutional investors and hedge funds own 79.96% of the company’s stock.

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

Shares of M&T Bank Corporation (MTB) traded up 0.10% during mid-day trading on Friday, reaching $161.67. The company had a trading volume of 860,705 shares. M&T Bank Corporation has a 1-year low of $108.04 and a 1-year high of $173.72. The stock has a market capitalization of $24.88 billion, a price-to-earnings ratio of 19.79 and a beta of 0.76. The firm has a 50-day moving average price of $159.17 and a 200-day moving average price of $158.50.

M&T Bank Corporation (NYSE:MTB) last announced its quarterly earnings data on Monday, April 17th. The bank reported $2.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.94 by $0.18. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.34 billion. M&T Bank Corporation had a return on equity of 9.22% and a net margin of 23.62%. During the same quarter in the prior year, the company posted $1.87 EPS. Equities analysts expect that M&T Bank Corporation will post $9.13 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Thursday, June 1st will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.86%. The ex-dividend date of this dividend is Tuesday, May 30th. M&T Bank Corporation’s dividend payout ratio (DPR) is presently 36.67%.

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Several research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of M&T Bank Corporation from a “hold” rating to a “buy” rating and set a $189.00 target price on the stock in a report on Tuesday, February 28th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $157.00 target price on shares of M&T Bank Corporation in a report on Wednesday, April 5th. ValuEngine upgraded shares of M&T Bank Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Royal Bank Of Canada restated a “buy” rating and issued a $168.00 target price on shares of M&T Bank Corporation in a report on Tuesday, April 4th. Finally, Wedbush raised their target price on shares of M&T Bank Corporation from $144.00 to $150.00 and gave the stock a “neutral” rating in a report on Tuesday, April 18th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $154.27.

In other M&T Bank Corporation news, insider Brian E. Hickey sold 2,000 shares of the company’s stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $162.02, for a total value of $324,040.00. Following the completion of the sale, the insider now directly owns 12,169 shares in the company, valued at approximately $1,971,621.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Richard S. Gold sold 6,904 shares of the company’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $162.71, for a total value of $1,123,349.84. Following the completion of the sale, the insider now owns 39,326 shares of the company’s stock, valued at $6,398,733.46. The disclosure for this sale can be found here. Corporate insiders own 3.18% of the company’s stock.

M&T Bank Corporation Company 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.

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