Hudock Inc. Has $1.85 Million Stock Holdings in M&T Bank Co. (NYSE:MTB)

Hudock Inc. grew its stake in shares of M&T Bank Co. (NYSE:MTB) by 3.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,402 shares of the financial services provider’s stock after purchasing an additional 347 shares during the period. Hudock Inc.’s holdings in M&T Bank were worth $1,853,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Hexagon Capital Partners LLC raised its holdings in shares of M&T Bank by 54.4% in the 3rd quarter. Hexagon Capital Partners LLC now owns 193 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 68 shares during the last quarter. Meeder Advisory Services Inc. raised its stake in shares of M&T Bank by 3.9% in the first quarter. Meeder Advisory Services Inc. now owns 1,879 shares of the financial services provider’s stock worth $273,000 after purchasing an additional 70 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its holdings in shares of M&T Bank by 1.5% in the second quarter. Massmutual Trust Co. FSB ADV now owns 4,711 shares of the financial services provider’s stock valued at $713,000 after purchasing an additional 70 shares in the last quarter. Umpqua Bank boosted its position in shares of M&T Bank by 5.3% during the second quarter. Umpqua Bank now owns 1,460 shares of the financial services provider’s stock valued at $221,000 after buying an additional 73 shares during the last quarter. Finally, Procyon Advisors LLC grew its holdings in M&T Bank by 1.7% during the third quarter. Procyon Advisors LLC now owns 4,544 shares of the financial services provider’s stock worth $809,000 after buying an additional 74 shares in the last quarter. 84.68% of the stock is owned by institutional investors and hedge funds.

M&T Bank Stock Up 0.4 %

Shares of NYSE MTB traded up $0.80 during mid-day trading on Friday, hitting $195.30. 80,885 shares of the stock traded hands, compared to its average volume of 1,036,650. The stock has a fifty day moving average price of $174.96 and a 200-day moving average price of $159.94. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market cap of $32.59 billion, a price-to-earnings ratio of 13.15, a PEG ratio of 3.27 and a beta of 0.75. M&T Bank Co. has a 52 week low of $108.53 and a 52 week high of $200.94.

M&T Bank Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Tuesday, September 3rd were paid a $1.35 dividend. The ex-dividend date was Tuesday, September 3rd. This represents a $5.40 annualized dividend and a dividend yield of 2.76%. M&T Bank’s payout ratio is 36.51%.

Insider Activity at M&T Bank

In other M&T Bank news, EVP Michael J. Todaro sold 4,791 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $162.57, for a total transaction of $778,872.87. Following the completion of the transaction, the executive vice president now owns 3,086 shares of the company’s stock, valued at approximately $501,691.02. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Michael J. Todaro sold 4,791 shares of the firm’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $162.57, for a total transaction of $778,872.87. Following the completion of the transaction, the executive vice president now directly owns 3,086 shares in the company, valued at $501,691.02. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John P. Barnes sold 20,000 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $9,690,741.20. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 43,735 shares of company stock valued at $7,437,757 in the last three months. Company insiders own 0.82% of the company’s stock.

Wall Street Analyst Weigh In

MTB has been the topic of a number of analyst reports. Barclays lifted their price objective on shares of M&T Bank from $170.00 to $228.00 and gave the stock an “equal weight” rating in a report on Friday, October 18th. Wolfe Research raised shares of M&T Bank from a “peer perform” rating to an “outperform” rating and set a $210.00 price objective for the company in a research report on Friday, October 4th. Citigroup increased their price objective on shares of M&T Bank from $180.00 to $195.00 and gave the company a “buy” rating in a research note on Friday, July 19th. StockNews.com upgraded M&T Bank from a “sell” rating to a “hold” rating in a research note on Friday, October 18th. Finally, Wells Fargo & Company upped their target price on M&T Bank from $165.00 to $190.00 and gave the company an “underweight” rating in a report on Friday, October 18th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, M&T Bank currently has a consensus rating of “Hold” and a consensus price target of $197.47.

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.