Marshall Wace North America L.P. Has $17.79 Million Position in M&T Bank Co. (MTB)

Share on StockTwits

Marshall Wace North America L.P. lowered its position in shares of M&T Bank Co. (NYSE:MTB) by 48.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 108,109 shares of the financial services provider’s stock after selling 102,099 shares during the quarter. Marshall Wace North America L.P.’s holdings in M&T Bank were worth $17,788,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Focused Wealth Management Inc acquired a new position in shares of M&T Bank in the 3rd quarter valued at $102,000. Amica Retiree Medical Trust acquired a new position in shares of M&T Bank in the 3rd quarter valued at $108,000. Sageworth Trust Co boosted its holdings in shares of M&T Bank by 220.0% in the 3rd quarter. Sageworth Trust Co now owns 800 shares of the financial services provider’s stock valued at $132,000 after purchasing an additional 550 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in shares of M&T Bank by 8,330.0% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 843 shares of the financial services provider’s stock valued at $143,000 after purchasing an additional 833 shares during the last quarter. Finally, NEXT Financial Group Inc acquired a new position in shares of M&T Bank in the 3rd quarter valued at $165,000. Hedge funds and other institutional investors own 80.67% of the company’s stock.

In related news, Director Richard H. Jr. Ledgett sold 500 shares of M&T Bank stock in a transaction on Friday, November 30th. The shares were sold at an average price of $168.40, for a total transaction of $84,200.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Doris P. Meister sold 800 shares of M&T Bank stock in a transaction on Friday, November 9th. The stock was sold at an average price of $167.24, for a total transaction of $133,792.00. Following the sale, the insider now directly owns 342 shares in the company, valued at approximately $57,196.08. The disclosure for this sale can be found here. Insiders have sold a total of 3,164 shares of company stock worth $524,899 in the last 90 days. Company insiders own 0.48% of the company’s stock.

A number of equities analysts have weighed in on MTB shares. Keefe, Bruyette & Woods upgraded shares of M&T Bank from a “market perform” rating to an “outperform” rating and set a $120.00 price target on the stock in a report on Monday, September 3rd. Goldman Sachs Group upgraded shares of M&T Bank from a “neutral” rating to a “buy” rating in a report on Wednesday, September 26th. Zacks Investment Research lowered shares of M&T Bank from a “hold” rating to a “sell” rating in a report on Thursday, October 4th. Evercore ISI upgraded shares of M&T Bank from an “in-line” rating to an “outperform” rating in a report on Monday, October 1st. They noted that the move was a valuation call. Finally, Robert W. Baird upgraded shares of M&T Bank from a “neutral” rating to an “outperform” rating in a report on Tuesday, October 23rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company’s stock. M&T Bank has a consensus rating of “Buy” and a consensus price target of $184.36.

NYSE:MTB opened at $157.87 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.64. The firm has a market cap of $22.64 billion, a P/E ratio of 16.88, a price-to-earnings-growth ratio of 1.02 and a beta of 0.86. M&T Bank Co. has a twelve month low of $154.33 and a twelve month high of $197.37.

M&T Bank (NYSE:MTB) last posted its earnings results on Wednesday, October 17th. The financial services provider reported $3.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.35 by $0.18. The business had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.50 billion. M&T Bank had a net margin of 26.84% and a return on equity of 13.15%. During the same quarter in the previous year, the business posted $2.21 EPS. Sell-side analysts forecast that M&T Bank Co. will post 13.04 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Monday, December 3rd will be issued a dividend of $1.00 per share. The ex-dividend date is Friday, November 30th. This represents a $4.00 annualized dividend and a dividend yield of 2.53%. M&T Bank’s payout ratio is 42.78%.

ILLEGAL ACTIVITY NOTICE: “Marshall Wace North America L.P. Has $17.79 Million Position in M&T Bank Co. (MTB)” was first posted by Ticker Report and is the property of of Ticker Report. If you are viewing this story on another site, it was illegally stolen and reposted in violation of international copyright and trademark legislation. The original version of this story can be viewed at https://www.tickerreport.com/banking-finance/4001184/marshall-wace-north-america-l-p-has-17-79-million-position-in-mt-bank-co-mtb.html.

M&T Bank Profile

M&T Bank Corporation operates as the holding company for Manufacturers and Traders Trust Company; and Wilmington Trust, National Association that provide retail and commercial banking services. The company's Business Banking segment offers deposit, lending, cash management, and other financial services to small businesses and professionals.

Read More: Can individual investors take part in an IPO?

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.

Latest News

Garmin Ltd.  Shares Sold by Marshall Wace LLP
Garmin Ltd. Shares Sold by Marshall Wace LLP
Marshall Wace North America L.P. Has $25.32 Million Position in Sarepta Therapeutics Inc
Marshall Wace North America L.P. Has $25.32 Million Position in Sarepta Therapeutics Inc
Invesco S&P 500 Equal Weight ETF  Holdings Boosted by Jefferies Group LLC
Invesco S&P 500 Equal Weight ETF Holdings Boosted by Jefferies Group LLC
Marshall Wace North America L.P. Has $17.79 Million Position in M&T Bank Co.
Marshall Wace North America L.P. Has $17.79 Million Position in M&T Bank Co.
Qorvo Inc  Position Lifted by Marshall Wace North America L.P.
Qorvo Inc Position Lifted by Marshall Wace North America L.P.
Marshall Wace North America L.P. Boosts Stake in Netflix, Inc.
Marshall Wace North America L.P. Boosts Stake in Netflix, Inc.


Leave a Reply

© 2006-2018 Ticker Report