Procurement News Notice |
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| PNN | 10059 |
| Work Detail | Zions Bancorporation scooped up 261 additional shares in M&T Bank Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 12,307 shares of M&T Bank Corporation which is valued at $1,431,427.M&T Bank Corporation makes up approximately 0.24% of Zions Bancorporation’s portfolio. Other Hedge Funds, Including , Pictet Asset Management Ltd reduced its stake in MTB by selling 3,400 shares or 4.28% in the most recent quarter. The Hedge Fund company now holds 76,096 shares of MTB which is valued at $8,850,726. M&T Bank Corporation makes up approx 0.03% of Pictet Asset Management Ltd’s portfolio.Public Sector Pension Investment Board boosted its stake in MTB in the latest quarter, The investment management firm added 4,400 additional shares and now holds a total of 30,136 shares of M&T Bank Corporation which is valued at $3,505,118. M&T Bank Corporation makes up approx 0.04% of Public Sector Pension Investment Board’s portfolio.State Farm Mutual Automobile Insurance Co boosted its stake in MTB in the latest quarter, The investment management firm added 9,281 additional shares and now holds a total of 4,838,649 shares of M&T Bank Corporation which is valued at $562,783,265. M&T Bank Corporation makes up approx 0.82% of State Farm Mutual Automobile Insurance Co’s portfolio. M&T Bank Corporation closed down -1.01 points or -0.85% at $117.32 with 7,74,554 shares getting traded on Thursday. Post opening the session at $118.68, the shares hit an intraday low of $116.09 and an intraday high of $118.9199 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red. On the company’s financial health, M&T Bank Corporation reported $2.07 EPS for the quarter, based on the information available during the earnings call on Jul 20, 2016. Analyst had a consensus estimate of $2.07. The company had revenue of $1312.00 million for the quarter, compared to analysts expectations of $1319.82 million. The company’s revenue was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.98 EPS. Many Wall Street Analysts have commented on M&T Bank Corporation. Shares were Reiterated by FBR Capital on Jul 21, 2016 to “Mkt Perform” and Lowered the Price Target to $ 105 from a previous price target of $120 .Shares were Downgraded by Nomura on Jul 7, 2016 to ” Neutral” and Lowered the Price Target to $ 103 from a previous price target of $131 .M&T Bank Corporation was Resumed by Piper Jaffray to “Neutral” on Jul 5, 2016. 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. |
| Country | United States , Northern America |
| Industry | Financial Services |
| Entry Date | 15 Oct 2016 |
| Source | http://www.tradecalls.org/2016/09/zions-bancorporation-buys-1431427-stake-in-mt-bank-corporation-mtb-384481/ |
