M&T Bank Corporation (MTB) Holdings Increased by BNP Paribas Arbitrage SA

BNP Paribas Arbitrage SA raised its holdings in shares of M&T Bank Corporation (NYSE:MTB) by 88.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 126,191 shares of the financial services provider’s stock after purchasing an additional 59,149 shares during the period. BNP Paribas Arbitrage SA owned approximately 0.08% of M&T Bank Corporation worth $20,322,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Oppenheimer Asset Management Inc. purchased a new position in shares of M&T Bank Corporation in the 1st quarter worth $101,000. Dupont Capital Management Corp purchased a new position in shares of M&T Bank Corporation in the 2nd quarter worth $140,000. QCI Asset Management Inc. NY boosted its stake in shares of M&T Bank Corporation by 0.3% in the 2nd quarter. QCI Asset Management Inc. NY now owns 1,059 shares of the financial services provider’s stock worth $171,000 after buying an additional 3 shares during the last quarter. Sun Life Financial INC boosted its stake in shares of M&T Bank Corporation by 8,576.9% in the 2nd quarter. Sun Life Financial INC now owns 1,128 shares of the financial services provider’s stock worth $183,000 after buying an additional 1,115 shares during the last quarter. Finally, Mosaic Family Wealth LLC boosted its stake in shares of M&T Bank Corporation by 5.3% in the 2nd quarter. Mosaic Family Wealth LLC now owns 1,225 shares of the financial services provider’s stock worth $198,000 after buying an additional 62 shares during the last quarter. Institutional investors and hedge funds own 78.53% of the company’s stock.

A number of equities analysts have recently issued reports on MTB shares. Macquarie downgraded M&T Bank Corporation from a “neutral” rating to an “underperform” rating in a research note on Friday, August 4th. BidaskClub downgraded M&T Bank Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, August 22nd. Sanford C. Bernstein restated a “market perform” rating and issued a $165.00 price target (down from $171.00) on shares of M&T Bank Corporation in a research note on Saturday, September 16th. Nomura raised their price target on M&T Bank Corporation from $144.00 to $145.00 and gave the stock a “neutral” rating in a research note on Thursday, September 28th. Finally, ValuEngine upgraded M&T Bank Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, August 12th. Five investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of C$161.89.

In other M&T Bank Corporation news, insider Sabeth Siddique sold 950 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of C$147.17, for a total transaction of C$139,811.50. Following the sale, the insider now directly owns 1,488 shares of the company’s stock, valued at C$218,988.96. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Michele D. Trolli sold 9,730 shares of M&T Bank Corporation stock in a transaction dated Friday, October 27th. The stock was sold at an average price of C$167.89, for a total value of C$1,633,569.70. Following the completion of the sale, the vice president now directly owns 24,708 shares in the company, valued at C$4,148,226.12. The disclosure for this sale can be found here. Over the last three months, insiders have acquired 1,053,000 shares of company stock worth $89,640 and have sold 1,838,680 shares worth $1,918,081. 3.18% of the stock is owned by company insiders.

M&T Bank Corporation (MTB) traded down C$1.51 during trading hours on Friday, reaching C$157.10. The company’s stock had a trading volume of 726,990 shares, compared to its average volume of 749,139. The company has a current ratio of 1.05, a quick ratio of 1.03 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $23,645.91, a PE ratio of 17.89, a PEG ratio of 1.91 and a beta of 0.85. M&T Bank Corporation has a twelve month low of C$132.70 and a twelve month high of C$173.72.

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

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M&T Bank Corporation 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.

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

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