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Aigen Investment Management LP Increases Its Holdings in M&T Bank Co. (NYSE:MTB)

Aigen Investment Management LP Increases Its Holdings in M&T Bank Co. (NYSE:MTB)

During the third quarter of 2018, Aigen Investment Management LP increased its M&T Bank Co (NYSE: MTB) shares, as stated in the most recent 13F filing that the company submitted with the SEC.

The institutional investor spent approximately $1,564,000 to purchase 8,870 shares in the financial services provider.

This brought the total amount spent to approximately $1,564,000.

Recent transactions involving other significant investors involved the buying and selling business stock.

These transactions took place recently.SRS Capital Advisors INC increased the amount of M&T Bank stock owned by 712.5% over the year’s second quarter. SRS Capital Advisors INC now has a total ownership stake in the financial services provider equaling 195 shares for a combined total of $31,000 after purchasing 171 additional shares during the most recent quarter.

These shares were purchased for a total of $31,000.

After the third quarter, Ronald Blue Trust INC had increased the amount of M&T Bank stock owned by 148.9% from the beginning of the quarter. Following the acquisition of an additional 131 shares during the most recent quarter, Ronald Blue Trust INC now owns a total of 219 shares of the stock that belongs to the company that offers financial services.

The value of these shares is currently $35,000.

Private Trust Co NA acquired a new investment in M&T Bank stock during the year’s second quarter.

The stock had a value of approximately $40,000 at the time of the acquisition.

During the third quarter, Riverview Trust Company increased the number of shares of M&T Bank stock owned by a total of 219.3 percent. Riverview Trust Co now has 265 shares in the financial services provider, which are now valued at $47,000 after purchasing an additional 182 shares during the most recent quarter for a total investment of 265.

And finally, during the second quarter, Vectors Research Management LLC completed a 146.0% increase in the amount of M&T Bank stock that it owned, bringing its total percentage ownership to 100%.

After making an additional purchase of 200 shares during the most recent period, Vectors Research Management LLC now owns a total of 337 of the financial services company’s shares, giving it a value of $54,000.

These shares were acquired during the most recent quarter.

Institutional investors and hedge funds are the primary owners of the company’s stock, accounting for 84.10% of the total ownership.
The MTB has been discussed in several reports compiled by research professionals. Citigroup lowered their price objective on M&T Bank shares from $200.00 to $180.00 and categorized the company as “neutral” in a report published on Friday, October 21. Following the publication of a research report on Friday, January 20, by, the website’s previous recommendation, which was to “sell” M&T Bank shares, was changed to a recommendation to “hold” these shares instead.

In a research note published on January 3, Barclays lowered its price objective on M&T Bank’s shares from $225.00 to $194.00 and downgraded the stock from “overweight” to “equal weight.” Deutsche Bank Aktiengesellschaft decreased their price target on M&T Bank shares from $255.00 to $175.00 in a research report published on Friday, January 6.

Piper Sandler assigned the stock the rating of “overweight.” She projected that the stock’s price would reach $195.00 rather than the previously projected price of $210.00 in a research note published on Thursday, October 20. Seven of the ten equity research analysts polled have suggested purchasing shares of the company, while the remaining nine feel that investors should maintain their current holdings.

According to information made available by Bloomberg, the stock is receiving a consensus recommendation of “Hold,” and market experts anticipate its price will reach $182.32 within the next twelve months.
MTB trading started on Tuesday for $157.78 and continued throughout the day.

The stock’s price-to-earnings ratio is 13.70, and its P/E growth rate is 0.80.

The stock’s beta value is 0.81.

The company’s total value, as measured by its market capitalization, is $27.23 billion.

M&T Bank Company’s share price ranged from $138.43 to $193.42 over the previous year, with an average price of $193.42.

All three ratios, including the current, quick, and debt-to-equity ratios, total 0.17, 0.91, and 0.96, respectively.

The moving averages for the previous 50 days at the company are $151.31, and the moving averages for the previous 200 days are $168.37.

According to the provided report, M&T Bank (NYSE: MTB) made public its most recent earnings report on January 19.

The financial services company reported quarterly earnings per share (EPS) of $4.29, which was $0.21 less than the industry analysts’ consensus estimate of $4.50.

The earnings were reported in US dollars.

The net margin for M&T Bank came in at 23.15 percent, and the return on equity was 11.41 percent.

Earnings per share for the current year are $3.37, an increase from the previous year’s results for the same quarter of the previous year.

The analysts anticipate that M&T Bank Company will have earnings of 18.09 cents per share for the current fiscal year.

In addition, the company has just recently announced and disbursed a quarterly dividend, which was paid out on Friday, December 30.

This dividend was just recently declared and distributed. On Thursday, December 1, owners still possessed their shares and were paid a $1.20 dividend payment.

The payment was made to those owners who still possessed their shares.

This translates to a dividend yield of 3.04 percent and a dividend payment to the shareholder of $4.80 per year.

This dividend had an ex-dividend date of November 30, a Wednesday, and the day after Thanksgiving.

At this time, M&T Bank’s dividend payout ratio (also known as DPR) stands at 41.67%.


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