M&T Bank Co. (NYSE:MTB) Shares Bought by Norinchukin Bank The

21 Apr 2025, 06:08 by Doug Wharley · The Cerbat Gem

Norinchukin Bank The increased its stake in M&T Bank Co. (NYSE:MTB – Free Report) by 9.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 7,590 shares of the financial services provider’s stock after buying an additional 672 shares during the quarter. Norinchukin Bank The’s holdings in M&T Bank were worth $1,427,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MTB. Ossiam boosted its holdings in shares of M&T Bank by 177.9% in the fourth quarter. Ossiam now owns 17,877 shares of the financial services provider’s stock valued at $3,361,000 after acquiring an additional 11,443 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its stake in M&T Bank by 389.2% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 33,757 shares of the financial services provider’s stock valued at $6,347,000 after purchasing an additional 26,857 shares in the last quarter. Beck Mack & Oliver LLC boosted its stake in M&T Bank by 0.5% during the 4th quarter. Beck Mack & Oliver LLC now owns 21,298 shares of the financial services provider’s stock valued at $4,004,000 after purchasing an additional 100 shares in the last quarter. Curi RMB Capital LLC increased its position in shares of M&T Bank by 43.3% during the 4th quarter. Curi RMB Capital LLC now owns 66,480 shares of the financial services provider’s stock valued at $12,499,000 after purchasing an additional 20,076 shares during the period. Finally, First Trust Advisors LP raised its stake in shares of M&T Bank by 2.1% in the 4th quarter. First Trust Advisors LP now owns 1,605,724 shares of the financial services provider’s stock worth $301,892,000 after buying an additional 33,017 shares in the last quarter. Institutional investors own 84.68% of the company’s stock.

Insider Activity at M&T Bank

In other news, EVP Christopher E. Kay sold 1,738 shares of the stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $172.34, for a total transaction of $299,526.92. Following the transaction, the executive vice president now owns 10,751 shares in the company, valued at $1,852,827.34. This represents a 13.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.53% of the company’s stock.

M&T Bank Trading Up 0.8 %

Shares of NYSE:MTB opened at $160.09 on Monday. The firm has a fifty day moving average of $177.25 and a two-hundred day moving average of $191.36. The company has a quick ratio of 0.99, a current ratio of 0.98 and a debt-to-equity ratio of 0.47. M&T Bank Co. has a 12-month low of $139.78 and a 12-month high of $225.70. The firm has a market capitalization of $26.30 billion, a P/E ratio of 10.94, a price-to-earnings-growth ratio of 1.38 and a beta of 0.58.

M&T Bank (NYSE:MTB – Get Free Report) last issued its earnings results on Monday, April 14th. The financial services provider reported $3.38 EPS for the quarter, missing analysts’ consensus estimates of $3.41 by ($0.03). M&T Bank had a net margin of 19.24% and a return on equity of 10.12%. The firm had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.35 billion. During the same quarter last year, the firm earned $3.09 EPS. On average, equities analysts expect that M&T Bank Co. will post 16.57 EPS for the current fiscal year.

M&T Bank declared that its board has approved a stock buyback program on Wednesday, January 22nd that allows the company to buyback $4.00 billion in outstanding shares. This buyback authorization allows the financial services provider to repurchase up to 12.3% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

M&T Bank Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 3rd were issued a $1.35 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $5.40 dividend on an annualized basis and a yield of 3.37%. M&T Bank’s dividend payout ratio is currently 36.17%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on MTB shares. Morgan Stanley lowered their target price on M&T Bank from $269.00 to $253.00 and set an “overweight” rating on the stock in a report on Thursday, March 13th. DA Davidson lowered their price objective on shares of M&T Bank from $205.00 to $189.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 15th. StockNews.com raised shares of M&T Bank from a “sell” rating to a “hold” rating in a research note on Wednesday, February 5th. Robert W. Baird decreased their price target on shares of M&T Bank from $220.00 to $200.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 15th. Finally, JPMorgan Chase & Co. cut their price objective on M&T Bank from $212.50 to $186.50 and set a “neutral” rating for the company in a research report on Thursday, April 3rd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $208.14.

View Our Latest Stock Report on MTB

M&T Bank Company Profile

(Free Report)

M&T Bank Corp. operates as a bank holding company, which engages in the provision of retail and commercial banking, trust, wealth management, and investment services. It operates through the following segments: Commercial Bank, Retail Bank, Institutional Services and Wealth Management, and All Other.