M & T BK CORP MTB
COM · Common Stock · CUSIP 55261F104 · ISIN US55261F1049
American bank holding company
- SectorFinancials
- IndustryState Commercial Banks
- HeadquartersBuffalo, NY
- Founded1856
- Websitewww3.mtb.com
- FilingsSEC EDGAR
924
institutional holders
146.6m
shares reported held*
84.9%
of all shares outstanding*
$25.8bnreported value*
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($50.2m this quarter). Holder counts are more reliable. Shares outstanding: 172.6m as of 2022-11-01, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $175.74. Options: 21 managers hold calls ($142.1m notional), 20 hold puts ($105.3m).
Biggest calls
| Twin Tree Management, LP | — | $51.0m289.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | — | $28.0m158.8k shares |
| CITADEL ADVISORS LLC | — | $17.8m101.2k shares |
| JANE STREET GROUP, LLC | — | $16.0m91.0k shares |
| Parallax Volatility Advisers, L.P. | — | $8.4m47.4k shares |
| GROUP ONE TRADING LLC | — | $4.2m23.6k shares |
| Walleye Trading LLC | — | $4.0m22.4k shares |
| WOLVERINE TRADING, LLC | — | $3.5m20.2k shares |
| BNP PARIBAS FINANCIAL MARKETS | — | $1.7m96 shares |
| Cubist Systematic Strategies, LLC | — | $1.6m9.0k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | — | $20.2m114.7k shares |
| CITADEL ADVISORS LLC | — | $20.1m113.9k shares |
| Walleye Trading LLC | — | $14.3m81.1k shares |
| Twin Tree Management, LP | — | $13.8m78.4k shares |
| JANE STREET GROUP, LLC | — | $8.6m48.8k shares |
| SIMPLEX TRADING, LLC | — | $7.4m41.9k shares |
| CAPSTONE INVESTMENT ADVISORS, LLC | — | $3.6m20.5k shares |
| Interval Partners, LP | — | $3.5m20.0k shares |
| WOLVERINE TRADING, LLC | — | $3.4m19.4k shares |
| MILLENNIUM MANAGEMENT LLC | — | $2.7m15.1k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| FMR LLC 13G · institution +1.4 pts · filed 2026-02-05 | 8.7% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 7.6% |
| WELLINGTON MANAGEMENT GROUP LLP 13G · institution +1.5 pts · filed 2025-05-12 | 6.0% |
Fell to 5% or below in the last year: VANGUARD PORTFOLIO MANAGEMENT LLC (4.8%, 2026-07-31; now reported by VANGUARD CAPITAL MANAGEMENT LLC), VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales in Q3 2022
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
BuyingSelling
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2020 | 0 | — | 0 | — | — |
| Q1 2021 | 0 | — | 0 | — | — |
| Q2 2021 | 0 | — | 0 | — | — |
| Q3 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 0 | — | 2 | $756.0k | — |
| Q1 2022 | 0 | — | 0 | — | — |
| Q2 2022 | 0 | — | 6 | $3.6m | — |
| Q3 2022 | 1 | $1.0k | 8 | $9.2m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2022-09-09 | Warman D Scott N Sr. Executive Vice President | Sold | $377.1k2.0k shares |
| 2022-08-19 | Todaro Michael J. Sr. Executive Vice President | Sold | $198.3k1.1k shares |
| 2022-08-19 | GEISEL GARY N Director | Sold | $100.9k533 shares |
| 2022-08-19 | GEISEL GARY N Director | Sold | $94.6k500 shares |
| 2022-08-15 | Bojdak Robert J Sr. Executive Vice President | Sold | $243.6k1.3k shares |
| 2022-08-12 | Trolli Michele D Executive Vice President | Sold | $883.4k4.7k shares |
| 2022-08-10 | BARNES JOHN P Director | Sold | $2.3m12.5k shares |
| 2022-08-09 | WALTERS KIRK W Director | Sold | $3.5m19.5k shares |
| 2022-08-09 | WALTERS KIRK W Director | Sold | $290.2k1.6k shares |
| 2022-08-09 | WALTERS KIRK W Director | Sold | $282.8k1.6k shares |
| 2022-08-02 | SALAMONE DENIS J Director · By GRAT #1 | Sold | $873.9k5.0k shares |
| 2022-07-25 | Warren Edna Jennifer Sr. Executive Vice President | Bought | $1.0k6 shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q3 2022
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.11% of their portfolio | 20.5m $3.6bn | — |
| BlackRock Inc. 0.08% of their portfolio | 13.2m $2.3bn | — |
| WELLINGTON MANAGEMENT GROUP LLP 0.39% of their portfolio | 10.3m $1.8bn | — |
| FMR LLC 0.16% of their portfolio | 8.6m $1.5bn | — |
| STATE STREET CORP 0.09% of their portfolio | 7.9m $1.4bn | — |
| Capital World Investors 0.28% of their portfolio | 7.0m $1.2bn | — |
| JPMORGAN CHASE & CO 0.13% of their portfolio | 4.6m $819.5m | — |
| STATE FARM MUTUAL AUTOMOBILE INSURANCE CO 0.90% of their portfolio | 4.2m $745.5m | — |
| Invesco Ltd. 0.22% of their portfolio | 3.8m $674.2m | — |
| GEODE CAPITAL MANAGEMENT, LLC 0.09% of their portfolio | 3.5m $616.3m | — |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.22% of their portfolio | 3.4m $602.5m | — |
| WELLS FARGO & COMPANY/MN 0.18% of their portfolio | 3.0m $525.0m | — |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC 1.91% of their portfolio | 2.6m $466.5m | — |
| M&T Bank Corp 1.46% of their portfolio | 1.9m $328.7m | — |
| NORTHERN TRUST CORP 0.07% of their portfolio | 1.8m $316.8m | — |
| MORGAN STANLEY 0.04% of their portfolio | 1.7m $306.9m | — |
| DIMENSIONAL FUND ADVISORS LP 0.12% of their portfolio | 1.7m $306.4m | — |
| Nuveen Asset Management, LLC 0.11% of their portfolio | 1.6m $279.1m | — |
| NORGES BANK 0.07% of their portfolio | 1.6m $276.5m | — |
| BANK OF AMERICA CORP /DE/ 0.04% of their portfolio | 1.5m $269.7m | — |
| CITADEL ADVISORS LLC 0.33% of their portfolio | 1.5m $261.8m | — |
| Bank of New York Mellon Corp 0.06% of their portfolio | 1.5m $257.0m | — |
| GOLDMAN SACHS GROUP INC 0.06% of their portfolio | 1.2m $211.7m | — |
| Legal & General Group Plc 0.08% of their portfolio | 1.1m $202.4m | — |
| Ninety One UK Ltd 0.63% of their portfolio | 1.1m $189.8m | — |
| EATON VANCE MANAGEMENT 0.27% of their portfolio | 1.0m $178.8m | — |
| LONDON CO OF VIRGINIA 1.11% of their portfolio | 991.4k $174.8m | — |
| ALLIANCEBERNSTEIN L.P. 0.08% of their portfolio | 973.1k $171.6m | — |
| Pendal Group Ltd 1.53% of their portfolio | 891.2k $157.1m | — |
| NEUBERGER BERMAN GROUP LLC 0.15% of their portfolio | 793.1k $139.8m | — |
| Clearbridge Investments, LLC 0.13% of their portfolio | 730.3k $128.8m | — |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.31% of their portfolio | 719.7k $126.9m | — |
| MILLENNIUM MANAGEMENT LLC 0.14% of their portfolio | 643.3k $113.4m | — |
| AMERIPRISE FINANCIAL INC 0.04% of their portfolio | 636.3k $113.8m | — |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.08% of their portfolio | 635.8k $112.1m | — |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.06% of their portfolio | 617.1k $108.8m | — |
| FEDERATED HERMES, INC. 0.31% of their portfolio | 605.7k $106.8m | — |
| ROYAL BANK OF CANADA 0.03% of their portfolio | 587.4k $103.6m | — |
| CFS Investment Advisory Services, LLC 0.13% of their portfolio | 572.2k $572.0k | — |
| CRAWFORD INVESTMENT COUNSEL INC 2.22% of their portfolio | 532.1k $93.8m | — |
| ANCHOR CAPITAL ADVISORS LLC 2.53% of their portfolio | 520.7k $91.8m | — |
| Sumitomo Mitsui Trust Group, Inc. 0.08% of their portfolio | 519.9k $91.7m | — |
| Thrivent Financial for Lutherans 0.22% of their portfolio | 455.6k $80.3m | — |
| APG Asset Management N.V. 0.21% of their portfolio | 450.1k $81.0m | — |
| Amundi 0.05% of their portfolio | 446.8k $83.0m | — |
| LGT CAPITAL PARTNERS LTD. 2.37% of their portfolio | 439.7k $77.5m | — |
| PRUDENTIAL FINANCIAL INC 0.13% of their portfolio | 437.3k $77.1m | — |
| VICTORY CAPITAL MANAGEMENT INC 0.09% of their portfolio | 414.0k $73.0m | — |
| California Public Employees Retirement System 0.06% of their portfolio | 397.8k $70.1m | — |
| Artisan Partners Limited Partnership 0.11% of their portfolio | 347.2k $61.2m | — |
| RHUMBLINE ADVISERS 0.09% of their portfolio | 337.2k $59.5m | — |
| Premier Fund Managers Ltd 4.35% of their portfolio | 333.2k $58.2m | — |
| BANK OF MONTREAL /CAN/ 0.03% of their portfolio | 320.6k $57.5m | — |
| WAFRA INC. 2.13% of their portfolio | 304.8k $53.7m | — |
| JOHNSON INVESTMENT COUNSEL INC 0.79% of their portfolio | 302.7k $53.4m | — |
| Giverny Capital Inc. 3.61% of their portfolio | 302.4k $53.3m | — |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.09% of their portfolio | 296.9k $52.4m | — |
| Fenimore Asset Management Inc 1.45% of their portfolio | 286.8k $50.6m | — |
| MARSHALL WACE, LLP 0.12% of their portfolio | 278.1k $49.0m | — |
| STRS OHIO 0.22% of their portfolio | 265.0k $46.7m | — |
| Polaris Capital Management, LLC 1.77% of their portfolio | 256.1k $45.2m | — |
| NEW YORK STATE COMMON RETIREMENT FUND 0.06% of their portfolio | 246.7k $43.5m | — |
| HUNTINGTON NATIONAL BANK 0.50% of their portfolio | 246.5k $43.5m | — |
| RAYMOND JAMES & ASSOCIATES 0.04% of their portfolio | 245.1k $43.2m | — |
| DEUTSCHE BANK AG\ 0.03% of their portfolio | 245.0k $43.2m | — |
| Holocene Advisors, LP 0.27% of their portfolio | 242.1k $42.7m | — |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 233.3k $41.1m | — |
| PRINCIPAL FINANCIAL GROUP INC 0.03% of their portfolio | 225.0k $39.7m | — |
| National Pension Service 0.08% of their portfolio | 224.1k $39.2m | — |
| CREDIT SUISSE AG/ 0.04% of their portfolio | 202.9k $35.8m | — |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.09% of their portfolio | 202.6k $35.7m | — |
| FIRST TRUST ADVISORS LP 0.05% of their portfolio | 201.3k $35.5m | — |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.09% of their portfolio | 193.8k $34.2m | — |
| MEAG MUNICH ERGO, Kapitalanlagegesellschaft mbH 2.04% of their portfolio | 190.7k $33.6m | — |
| CONNING INC. 1.15% of their portfolio | 184.5k $32.5m | — |
| Azora Capital LP 4.76% of their portfolio | 181.8k $32.1m | — |
| TRUIST FINANCIAL CORP 0.06% of their portfolio | 180.8k $31.9m | — |
| BERKSHIRE ASSET MANAGEMENT LLC/PA 2.23% of their portfolio | 179.0k $31.6m | — |
| Marathon Asset Management Ltd 0.85% of their portfolio | 162.1k $28.6m | — |
| ABSHER WEALTH MANAGEMENT, LLC 5.85% of their portfolio | 158.2k $27.9m | — |
| UBS Group AG 0.02% of their portfolio | 151.3k $26.7m | — |
| HSBC HOLDINGS PLC 0.05% of their portfolio | 146.3k $25.8m | — |
| Blackstone Inc. 0.10% of their portfolio | 145.0k $25.6m | — |
| Brookfield Corp /ON/ 0.09% of their portfolio | 142.9k $25.2m | — |
| BNP PARIBAS FINANCIAL MARKETS 0.06% of their portfolio | 139.9k $24.7m | — |
| Gillson Capital LP 2.17% of their portfolio | 134.2k $23.7m | — |
| PNC Financial Services Group, Inc. 0.02% of their portfolio | 133.9k $23.6m | — |
| Schonfeld Strategic Advisors LLC 0.20% of their portfolio | 133.5k $23.5m | — |
| Alyeska Investment Group, L.P. 0.28% of their portfolio | 133.1k $23.5m | — |
| UNITED SERVICES AUTOMOBILE ASSOCIATION 0.64% of their portfolio | 131.0k $23.1m | — |
| GRANDFIELD & DODD, LLC 1.86% of their portfolio | 129.3k $22.8m | — |
| CANADA LIFE ASSURANCE Co 0.06% of their portfolio | 127.7k $22.5m | — |
| 1832 Asset Management L.P. 0.05% of their portfolio | 125.8k $22.2m | — |
| CITIGROUP INC 0.03% of their portfolio | 124.1k $21.9m | — |
| STIFEL FINANCIAL CORP 0.03% of their portfolio | 120.4k $21.2m | — |
| TOCQUEVILLE ASSET MANAGEMENT L.P. 0.43% of their portfolio | 120.4k $21.2m | — |
| River Road Asset Management, LLC 0.31% of their portfolio | 119.6k $21.1m | — |
| CONFLUENCE INVESTMENT MANAGEMENT LLC 0.35% of their portfolio | 117.6k $20.7m | — |
| Weiss Multi-Strategy Advisers LLC 0.56% of their portfolio | 117.1k $20.6m | — |
| Mitsubishi UFJ Trust & Banking Corp 0.06% of their portfolio | 115.1k $20.3m | — |