M&T BANK CORP recently filed their 13F report for the second quarter of 2022, which ended on 2022-06-30.
The 13F report details which stocks were in a guru’s equity portfolio at the end of the quarter, though investors should note that these filings are limited in scope, containing only a snapshot of long positions in U.S.-listed stocks and American depository receipts as of the quarter’s end. They are not required to include international holdings, short positions or other types of investments. Still, even this limited filing can provide valuable information.
M&T Bank Corp, or Manufacturers and Traders Trust, is a bank holding company that provides commercial and retail banking services through its subsidiaries. The company is headquartered in Buffalo and can trace its history back to the Manufacturers and Traders Trust Company which was founded in 1856 and would go through many mergers, acquisitions, and name changes. The bank was organized under a banking holding company called First Empire State Corporation in 1969. M&T Bank Corp has, in relatively recent years, focused on acquisitions to facilitate further growth, acquiring 20 companies in the period from 1987 to 2009 alone. The company has been profitable every quarter since the 1970s and was one of the only two banks in the S&P 500 that did not lower its dividend. The bank’s name was changed to its current M&T Bank Corp in 1998 and is listed as MTB on the New York Stock Exchange, acquiring companies such as Wilmington Trust and Hudson City Bancorp in its recent years. M&T Bank Corp today offers its services through almost 700 banking offices, business banking centers, telephone and internet banking, and automated teller machines with offices in the United States, Canada, and Cayman Islands. The company’s broad line of services include trust and wealth management, fiduciary, custody, securities brokerage, investment advisory, accident and health insurances, and credit life services. M&T Bank Corp operates through various business segments including Business Banking, offering financial services to small businesses and professionals; Commercial Banking, offering various cash management services to middle market and large commercial clients; Commercial Real Estate, offering credit and deposit services; Discretionary Portfolio, providing various assets, brokered deposits, foreign services, and the Cayman Islands branch deposits; Residential Mortgage, originating residential real estate loans; and Retail Banking, offering a variety of account, loan, and credit services. The company currently holds over $134 billion in total assets under management, making it the 17th largest commercial bank holding company in the United States, and has over 15,000 employees. Its mutual fund offerings were merged with Wilmington Trust to create the Wilmington family of funds including Rock Maple Alternatives, Short Duration Government Bond, Prime Money Market, and Allocation Aggressive funds.
As of the latest 13F report, the guru’s equity portfolio contained 1653 stocks valued at a total of $21.23Bil. The top holdings were IEFA(4.63%), AAPL(3.57%), and MSFT(2.75%).
According to GuruFocus data, these were M&T BANK CORP’s top five trades of the quarter.
PayPal Holdings Inc
M&T BANK CORP reduced their investment in NAS:PYPL by 2,085,503 shares. The trade had a 1.65% impact on the equity portfolio. During the quarter, the stock traded for an average price of $133.33.
On 08/06/2022, PayPal Holdings Inc traded for a price of $95.32 per share and a market cap of $110.24Bil. The stock has returned -66.04% over the past year.
GuruFocus gives the company a financial strength rating of 6 out of 10 and a profitability rating of 9 out of 10.
In terms of valuation, PayPal Holdings Inc has a price-earnings ratio of 32.12, a price-book ratio of 5.71, a price-earnings-to-growth (PEG) ratio of 0.30, a EV-to-Ebitda ratio of 21.08 and a price-sales ratio of 4.32.
The price-to-GF Value ratio is 0.28, earning the stock a GF Value rank of 2.
Vanguard Short-Term Government Bond ETF
During the quarter, M&T BANK CORP bought 1,348,800 shares of NAS:VGSH for a total holding of 1,557,017. The trade had a 0.36% impact on the equity portfolio. During the quarter, the stock traded for an average price of $60.04.
On 08/06/2022, Vanguard Short-Term Government Bond ETF traded for a price of $58.67 per share and a market cap of $14.37Bil. The stock has returned -3.90% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
iShares Core MSCI EAFE ETF
During the quarter, M&T BANK CORP bought 1,108,262 shares of BATS:IEFA for a total holding of 14,553,845. The trade had a 0.34% impact on the equity portfolio. During the quarter, the stock traded for an average price of $70.74.
On 08/06/2022, iShares Core MSCI EAFE ETF traded for a price of $61.39 per share and a market cap of $88.12Bil. The stock has returned -16.62% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
In terms of valuation, iShares Core MSCI EAFE ETF has a price-earnings ratio of 12.32 and a price-book ratio of 1.47.
iShares Russell 1000 Value ETF
During the quarter, M&T BANK CORP bought 392,414 shares of ARCA:IWD for a total holding of 1,880,804. The trade had a 0.29% impact on the equity portfolio. During the quarter, the stock traded for an average price of $163.6.
On 08/06/2022, iShares Russell 1000 Value ETF traded for a price of $154.19 per share and a market cap of $53.15Bil. The stock has returned -2.07% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
In terms of valuation, iShares Russell 1000 Value ETF has a price-earnings ratio of 14.12 and a price-book ratio of 2.07.
iShares Core MSCI Emerging Markets ETF
During the quarter, M&T BANK CORP bought 804,374 shares of ARCA:IEMG for a total holding of 9,586,647. The trade had a 0.2% impact on the equity portfolio. During the quarter, the stock traded for an average price of $57.78.
On 08/06/2022, iShares Core MSCI Emerging Markets ETF traded for a price of $49.12 per share and a market cap of $65.66Bil. The stock has returned -20.70% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
In terms of valuation, iShares Core MSCI Emerging Markets ETF has a price-earnings ratio of 10.71 and a price-book ratio of 1.55.
Please note, the numbers and facts quoted are as of the writing of this article and may not factor in the latest trading data or company announcements.
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