Bank of New York Mellon Corp cut its holdings in shares of M&T Bank Corporation (NYSE:MTB – Free Report) by 1.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,389,245 shares of the financial services provider’s stock after selling 26,979 shares during the quarter. Bank of New York Mellon Corp’s holdings in M&T Bank were worth $287,185,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently added to or reduced their stakes in the company. Canoe Financial LP increased its stake in shares of M&T Bank by 50.5% during the 4th quarter. Canoe Financial LP now owns 652,744 shares of the financial services provider’s stock valued at $131,515,000 after acquiring an additional 219,065 shares during the last quarter. Barclays PLC boosted its position in shares of M&T Bank by 3.9% in the fourth quarter. Barclays PLC now owns 530,305 shares of the financial services provider’s stock worth $106,846,000 after acquiring an additional 20,120 shares during the last quarter. Davis Asset Management L.P. boosted its position in shares of M&T Bank by 23.1% in the fourth quarter. Davis Asset Management L.P. now owns 400,000 shares of the financial services provider’s stock worth $80,592,000 after acquiring an additional 75,000 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in M&T Bank by 35.4% in the fourth quarter. Russell Investments Group Ltd. now owns 396,531 shares of the financial services provider’s stock valued at $79,954,000 after purchasing an additional 103,692 shares during the period. Finally, LSV Asset Management grew its holdings in M&T Bank by 14.5% in the fourth quarter. LSV Asset Management now owns 391,900 shares of the financial services provider’s stock valued at $78,960,000 after purchasing an additional 49,500 shares during the period. 84.68% of the stock is owned by institutional investors and hedge funds.
M&T Bank Stock Performance
MTB stock opened at $249.28 on Friday. The stock’s fifty day moving average is $225.98 and its two-hundred day moving average is $218.95. The stock has a market capitalization of $36.51 billion, a price-to-earnings ratio of 13.16, a PEG ratio of 1.25 and a beta of 0.57. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.94 and a current ratio of 0.89. M&T Bank Corporation has a 1 year low of $174.76 and a 1 year high of $255.00.
M&T Bank Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 1st were given a dividend of $1.50 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.4%. M&T Bank’s payout ratio is 33.59%.
M&T Bank announced that its board has initiated a share buyback plan on Tuesday, March 31st that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the financial services provider to purchase up to 16.7% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on the stock. Robert W. Baird increased their price target on shares of M&T Bank from $240.00 to $250.00 and gave the stock a “neutral” rating in a research note on Thursday. JPMorgan Chase & Co. boosted their price objective on shares of M&T Bank from $227.00 to $251.50 and gave the company a “neutral” rating in a research note on Monday, July 6th. DA Davidson upped their price objective on M&T Bank from $263.00 to $266.00 and gave the stock a “neutral” rating in a report on Thursday. Royal Bank Of Canada increased their target price on M&T Bank from $230.00 to $255.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of M&T Bank in a research report on Thursday, June 4th. Seven research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $249.50.
View Our Latest Analysis on M&T Bank
Trending Headlines about M&T Bank
Here are the key news stories impacting M&T Bank this week:
- Positive Sentiment: M&T Bank posted stronger-than-expected Q2 results, with revenue above estimates and normalized EPS beating forecasts, driven by mid-single-digit loan growth and solid net interest income. M&T Bank: Loan And NII Growth Support Upside (Rating Upgrade)
- Positive Sentiment: Several analysts raised their price targets after the earnings report, including Barclays, Robert W. Baird, and Keefe, Bruyette & Woods, signaling improved confidence in MTB’s outlook. M&T Bank Analysts Increase Their Forecasts After Strong Q2 Results
- Neutral Sentiment: One note suggested the shares may be fully valued after buyback and preferred capital moves, indicating the upside could be more limited after the recent run-up. M&T Bank (MTB) Looks Fully Valued After Buyback And Preferred Capital Moves
- Neutral Sentiment: Other headlines confirmed that Q2 sales topped estimates, reinforcing the overall earnings beat but adding little new beyond the strong quarterly report. M&T Bank’s (NYSE:MTB) Q2 CY2026 Sales Top Estimates
Insider Buying and Selling
In related news, EVP Christopher E. Kay sold 3,105 shares of the stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $216.50, for a total value of $672,232.50. Following the completion of the sale, the executive vice president directly owned 6,753 shares of the company’s stock, valued at approximately $1,462,024.50. This represents a 31.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.44% of the company’s stock.
About M&T Bank
M&T Bank Corporation is a bank holding company headquartered in Buffalo, New York, that provides a broad range of banking and financial services to individuals, businesses and institutions. The company operates a commercial and retail banking franchise that includes deposit-taking, lending, and payment services delivered through branch networks, digital channels and commercial banking teams. M&T serves customers across the northeastern and mid‑Atlantic United States and has expanded its geographic footprint through strategic acquisitions.
Its core businesses include commercial banking for middle‑market and community businesses, consumer and retail banking, mortgage origination and servicing, treasury and cash management, and wealth management and trust services.
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