Ruffer Llp Increases Stake in M & T Bk (MTB); North American Management Has Upped Its Pfizer (PFE) Stake by $975,924

April 19, 2018 - By Dolores Ford

M&T Bank Corporation (NYSE:MTB) Logo

North American Management Corp increased its stake in Pfizer Inc (PFE) by 17.97% based on its latest 2017Q4 regulatory filing with the SEC. North American Management Corp bought 27,109 shares as the company’s stock declined 3.13% with the market. The institutional investor held 177,997 shares of the health care company at the end of 2017Q4, valued at $6.45 million, up from 150,888 at the end of the previous reported quarter. North American Management Corp who had been investing in Pfizer Inc for a number of months, seems to be bullish on the $216.56B market cap company. The stock decreased 0.23% or $0.085 during the last trading session, reaching $36.405. About 353,536 shares traded. Pfizer Inc. (NYSE:PFE) has risen 2.43% since April 19, 2017 and is uptrending. It has underperformed by 9.12% the S&P500.

Ruffer Llp increased its stake in M & T Bk Corp (MTB) by 7.31% based on its latest 2017Q4 regulatory filing with the SEC. Ruffer Llp bought 2,000 shares as the company’s stock rose 4.19% while stock markets declined. The institutional investor held 29,350 shares of the major banks company at the end of 2017Q4, valued at $5.02 million, up from 27,350 at the end of the previous reported quarter. Ruffer Llp who had been investing in M & T Bk Corp for a number of months, seems to be bullish on the $26.64B market cap company. The stock increased 0.76% or $1.35 during the last trading session, reaching $179.4. About 13,253 shares traded. M&T Bank Corporation (NYSE:MTB) has risen 16.97% since April 19, 2017 and is uptrending. It has outperformed by 5.42% the S&P500.

North American Management Corp, which manages about $1.36B and $656.64 million US Long portfolio, decreased its stake in Diageo P L C (NYSE:DEO) by 2,691 shares to 58,198 shares, valued at $8.50 million in 2017Q4, according to the filing. It also reduced its holding in Alphabet Inc by 381 shares in the quarter, leaving it with 22,194 shares, and cut its stake in Sysco Corp (NYSE:SYY).

Since December 15, 2017, it had 0 buys, and 12 sales for $12.99 million activity. 64,587 shares were sold by Dolsten Mikael, worth $2.39M on Monday, February 26. 33,368 shares were sold by SUSMAN SALLY, worth $1.24 million on Monday, February 26. The insider HILL CHARLES H sold $1.52 million. Shares for $64,679 were sold by CORNWELL W DON. $353,677 worth of Pfizer Inc. (NYSE:PFE) was sold by LUND-JURGENSEN KIRSTEN on Saturday, February 24. JOHNSON RADY A also sold $296,560 worth of Pfizer Inc. (NYSE:PFE) on Friday, December 15.

Investors sentiment increased to 1.06 in Q4 2017. Its up 0.10, from 0.96 in 2017Q3. It increased, as 51 investors sold PFE shares while 675 reduced holdings. 134 funds opened positions while 632 raised stakes. 4.07 billion shares or 0.28% more from 4.06 billion shares in 2017Q3 were reported. E&G Advsrs Ltd Partnership invested 0.56% of its portfolio in Pfizer Inc. (NYSE:PFE). Colony Gp Incorporated Ltd reported 25,804 shares stake. 113,643 were reported by Boston Family Office Limited Liability. Arizona-based Stellar Cap Management Ltd Liability Company has invested 0.3% in Pfizer Inc. (NYSE:PFE). 19.09 million are held by Aqr Limited Liability Co. Clean Yield Group Inc stated it has 0.82% of its portfolio in Pfizer Inc. (NYSE:PFE). Peak Asset Mngmt Ltd Com stated it has 38,988 shares. Horizon Invests Ltd Limited Liability Company reported 0.22% of its portfolio in Pfizer Inc. (NYSE:PFE). S&Co holds 0.13% or 28,787 shares. Mutual Of Omaha Bankshares Wealth Mngmt invested in 67,910 shares or 0.66% of the stock. Peregrine Asset Advisers owns 6,700 shares. Argent Cap Mgmt Limited Com owns 630,345 shares for 0.81% of their portfolio. 12,610 were reported by White Pine Limited. Public Sector Pension Board stated it has 0.38% in Pfizer Inc. (NYSE:PFE). Walter & Keenan Fincl Consulting Mi Adv invested in 1.98% or 1.30 million shares.

Among 22 analysts covering Pfizer (NYSE:PFE), 9 have Buy rating, 1 Sell and 12 Hold. Therefore 41% are positive. Pfizer had 78 analyst reports since July 29, 2015 according to SRatingsIntel. On Thursday, July 14 the stock rating was maintained by Jefferies with “Buy”. Societe Generale maintained Pfizer Inc. (NYSE:PFE) rating on Friday, March 24. Societe Generale has “Neutral” rating and $36 target. The rating was maintained by Argus Research on Tuesday, November 3 with “Buy”. Piper Jaffray maintained the shares of PFE in report on Tuesday, October 31 with “Buy” rating. The company was maintained on Thursday, August 4 by Jefferies. The rating was initiated by Barclays Capital on Tuesday, December 1 with “Equal-Weight”. S&P Research maintained the shares of PFE in report on Wednesday, October 28 with “Hold” rating. Cowen & Co maintained the shares of PFE in report on Monday, September 18 with “Buy” rating. Piper Jaffray maintained Pfizer Inc. (NYSE:PFE) rating on Friday, August 28. Piper Jaffray has “Overweight” rating and $48 target. The firm has “Buy” rating by Piper Jaffray given on Friday, August 14.

Since October 27, 2017, it had 0 insider purchases, and 12 insider sales for $18.90 million activity. King Darren J had sold 3,834 shares worth $732,461 on Monday, January 29. Shares for $126,712 were sold by Todaro Michael J. on Monday, January 29. On Monday, March 12 the insider SADLER ROBERT E JR sold $194,850. $5.92 million worth of M&T Bank Corporation (NYSE:MTB) was sold by SALAMONE DENIS J. Another trade for 22,083 shares valued at $4.15M was sold by Warman D Scott N. SPYCHALA MICHAEL R also sold $3.49 million worth of M&T Bank Corporation (NYSE:MTB) shares.

Ruffer Llp, which manages about $2.46B US Long portfolio, decreased its stake in Alibaba Group Hldg Ltd (NYSE:BABA) by 12,103 shares to 10,020 shares, valued at $1.73 million in 2017Q4, according to the filing. It also reduced its holding in Apple Inc (NASDAQ:AAPL) by 13,076 shares in the quarter, leaving it with 766,719 shares, and cut its stake in Canadian Solar Inc (NASDAQ:CSIQ).

Among 26 analysts covering M&T Bank (NYSE:MTB), 5 have Buy rating, 4 Sell and 17 Hold. Therefore 19% are positive. M&T Bank had 92 analyst reports since August 6, 2015 according to SRatingsIntel. Keefe Bruyette & Woods maintained it with “Hold” rating and $19600 target in Wednesday, April 4 report. The company was downgraded on Thursday, April 21 by Robert W. Baird. The firm has “Neutral” rating by Wedbush given on Friday, October 7. Nomura maintained it with “Neutral” rating and $162 target in Monday, October 23 report. On Thursday, December 14 the stock rating was maintained by Morgan Stanley with “Equal-Weight”. The stock of M&T Bank Corporation (NYSE:MTB) earned “Mkt Perform” rating by FBR Capital on Wednesday, January 20. Keefe Bruyette & Woods downgraded the stock to “Market Perform” rating in Wednesday, October 21 report. The company was maintained on Tuesday, January 3 by Barclays Capital. The stock of M&T Bank Corporation (NYSE:MTB) earned “Hold” rating by Piper Jaffray on Wednesday, October 18. FBR Capital maintained M&T Bank Corporation (NYSE:MTB) rating on Tuesday, October 20. FBR Capital has “Mkt Perform” rating and $130 target.

Investors sentiment decreased to 0.81 in Q4 2017. Its down 0.28, from 1.09 in 2017Q3. It is negative, as 41 investors sold MTB shares while 198 reduced holdings. 57 funds opened positions while 137 raised stakes. 112.08 million shares or 0.32% less from 112.44 million shares in 2017Q3 were reported. Umb Bancorporation N A Mo holds 0.01% of its portfolio in M&T Bank Corporation (NYSE:MTB) for 1,607 shares. Mirae Asset Glob Limited holds 0.01% or 5,469 shares. United Kingdom-based Marathon Asset Management Llp has invested 0.26% in M&T Bank Corporation (NYSE:MTB). M&R Cap Mngmt Inc holds 0% of its portfolio in M&T Bank Corporation (NYSE:MTB) for 5 shares. Financial Bank Of America De holds 0.02% or 524,482 shares. The Maryland-based Chevy Chase Tru Inc has invested 0.1% in M&T Bank Corporation (NYSE:MTB). Janney Capital Mngmt Ltd has invested 0.01% of its portfolio in M&T Bank Corporation (NYSE:MTB). Everence Capital Management Incorporated reported 0.17% stake. Virtu Financial Lc has 0.02% invested in M&T Bank Corporation (NYSE:MTB). Meeder Asset Mngmt reported 2,491 shares or 0.04% of all its holdings. Horizon Kinetics Ltd Llc accumulated 11,675 shares. 540 are owned by Grisanti Cap Ltd Company. Ent Serv reported 0.01% stake. Moreover, Srb Corporation has 0.03% invested in M&T Bank Corporation (NYSE:MTB). Balyasny Asset Mgmt Ltd Liability Co reported 932,027 shares stake.

Pfizer Inc. (NYSE:PFE) Institutional Positions Chart

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