M&T Bank Co. (NYSE:MTB) Shares Sold by Cantor Fitzgerald Investment Advisors L.P.

Cantor Fitzgerald Investment Advisors L.P. trimmed its holdings in M&T Bank Co. (NYSE:MTB) by 69.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 18,322 shares of the financial services provider’s stock after selling 42,643 shares during the period. Cantor Fitzgerald Investment Advisors L.P.’s holdings in M&T Bank were worth $3,264,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Hexagon Capital Partners LLC lifted its position in M&T Bank by 54.4% during the third quarter. Hexagon Capital Partners LLC now owns 193 shares of the financial services provider’s stock valued at $34,000 after buying an additional 68 shares in the last quarter. Fidelis Capital Partners LLC purchased a new stake in shares of M&T Bank during the first quarter worth about $30,000. Oakworth Capital Inc. purchased a new position in M&T Bank in the second quarter valued at about $35,000. nVerses Capital LLC acquired a new stake in M&T Bank during the 3rd quarter valued at approximately $53,000. Finally, Annapolis Financial Services LLC increased its holdings in M&T Bank by 150.7% during the 3rd quarter. Annapolis Financial Services LLC now owns 376 shares of the financial services provider’s stock worth $67,000 after purchasing an additional 226 shares during the last quarter. 84.68% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Bank of America raised their price target on shares of M&T Bank from $188.00 to $218.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Citigroup raised their price objective on shares of M&T Bank from $180.00 to $195.00 and gave the stock a “buy” rating in a report on Friday, July 19th. Royal Bank of Canada upped their target price on shares of M&T Bank from $190.00 to $208.00 and gave the company an “outperform” rating in a research note on Friday, October 18th. Evercore ISI upgraded M&T Bank from an “in-line” rating to an “outperform” rating and lifted their price target for the stock from $187.00 to $210.00 in a research note on Wednesday, October 2nd. Finally, Wells Fargo & Company upped their price objective on M&T Bank from $165.00 to $190.00 and gave the company an “underweight” rating in a research note on Friday, October 18th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $197.47.

M&T Bank Stock Performance

MTB opened at $197.25 on Tuesday. The business has a fifty day simple moving average of $176.86 and a 200-day simple moving average of $161.29. The firm has a market cap of $32.91 billion, a PE ratio of 13.34, a P/E/G ratio of 2.75 and a beta of 0.75. The company has a quick ratio of 1.00, a current ratio of 0.94 and a debt-to-equity ratio of 0.44. M&T Bank Co. has a fifty-two week low of $109.82 and a fifty-two week high of $200.94.

M&T Bank Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Tuesday, September 3rd were issued a dividend of $1.35 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $5.40 annualized dividend and a yield of 2.74%. M&T Bank’s payout ratio is presently 36.51%.

Insider Buying and Selling at M&T Bank

In other news, Director John P. Barnes sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $193.97, for a total transaction of $3,879,400.00. Following the sale, the director now owns 49,960 shares in the company, valued at $9,690,741.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director John P. Barnes sold 20,000 shares of M&T Bank stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $193.97, for a total transaction of $3,879,400.00. Following the transaction, the director now owns 49,960 shares in the company, valued at approximately $9,690,741.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Denis J. Salamone sold 10,000 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $172.03, for a total value of $1,720,300.00. Following the completion of the sale, the director now directly owns 44,902 shares of the company’s stock, valued at approximately $7,724,491.06. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 43,727 shares of company stock valued at $7,437,558. 0.82% of the stock is currently owned by corporate insiders.

About M&T Bank

M&T Bank Corporation operates as a bank holding company for Manufacturers and Traders Trust Company and Wilmington Trust, National Association that engages in the provision of retail and commercial banking products and services in the United States. The company operates through three segments: Commercial Bank, Retail Bank, and Institutional Services and Wealth Management.