M&T Bank Corporation (MTB) : Aberdeen Asset Management Plcuk reduced its stake in M&T Bank Corporation by 2.44% during the most recent quarter end. The investment management company now holds a total of 3,434,672 shares of M&T Bank Corporation which is valued at $480,682,346 after selling 85,944 shares in M&T Bank Corporation , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.M&T Bank Corporation makes up approximately 1.72% of Aberdeen Asset Management Plcuk’s portfolio.
Other Hedge Funds, Including , Edge Asset Management Inc reduced its stake in MTB by selling 4,768 shares or 1.36% in the most recent quarter. The Hedge Fund company now holds 345,988 shares of MTB which is valued at $46,262,055. M&T Bank Corporation makes up approx 0.39% of Edge Asset Management Inc’s portfolio.Baillie Gifford Co reduced its stake in MTB by selling 65,891 shares or 9.47% in the most recent quarter. The Hedge Fund company now holds 630,007 shares of MTB which is valued at $82,871,121. M&T Bank Corporation makes up approx 0.14% of Baillie Gifford Co’s portfolio.Penserra Capital Management boosted its stake in MTB in the latest quarter, The investment management firm added 56 additional shares and now holds a total of 140 shares of M&T Bank Corporation which is valued at $16,997.Financial Architects Inc boosted its stake in MTB in the latest quarter, The investment management firm added 75 additional shares and now holds a total of 805 shares of M&T Bank Corporation which is valued at $98,798. M&T Bank Corporation makes up approx 0.03% of Financial Architects Inc’s portfolio.
M&T Bank Corporation opened for trading at $140.23 and hit $141.99 on the upside on Monday, eventually ending the session at $141.26, with a gain of 0.96% or 1.35 points. The heightened volatility saw the trading volume jump to 13,31,087 shares. Company has a market cap of $21,902 M.
On the company’s financial health, M&T Bank Corporation reported $2.13 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Oct 19, 2016. Analyst had a consensus of $2.04.Analysts expectations of $ 1319.89.During the same quarter in the previous year, the company posted $1.95 EPS.
Many Wall Street Analysts have commented on M&T Bank Corporation. Company shares were Reiterated by FBR & Co. on Oct 20, 2016 to “Mkt Perform”, Firm has raised the Price Target to $ 120 from a previous price target of $115 .Wedbush Initiated M&T Bank Corporation on Oct 7, 2016 to “Neutral”, Price Target of the shares are set at $117.
M&T Bank Corporation (M&T) is a bank holding company for M&T Bank and Wilmington Trust National Association (Wilmington Trust N.A.). The Company’s segments include Business Banking Commercial Banking Commercial Real Estate Discretionary Portfolio Residential Mortgage Banking and Retail Banking. The Business Banking segment provides deposit lending cash management and other financial services. The Commercial Banking segment offers credit products and banking services for middle-market and commercial customers. Its Commercial Real Estate segment provides credit and deposit services. The Discretionary Portfolio segment includes investment and trading securities loans and other assets and borrowed funds. The Residential Mortgage Banking segment originates and services residential mortgage loans. The Retail Banking segment offers a range of services to consumers through delivery channels. It operates over 800 retail and commercial branches and 1600 automated teller machines.