Jefferies Initiates Coverage of M&T Bank Preferred Stock with Buy Rating

Fintel reports that on May 21, 2025, Jefferies began coverage of M&T Bank Corporation – Preferred Stock (NYSE: MTB.PRJ) with a Buy recommendation.

Current Fund Sentiment

Currently, 38 funds or institutions are reporting positions in M&T Bank Corporation – Preferred Stock, marking an increase of one owner (2.70%) in the last quarter. The average portfolio weight of all funds dedicated to MTB.PRJ is 0.73%, reflecting a rise of 2.59%. However, total shares owned by institutions decreased by 4.09% over the last three months, totaling 10,630K shares.

Institutional Shareholder Activity

PFF – iShares Preferred and Income Securities ETF holds 2,789K shares. In its prior filing, the firm reported owning 2,865K shares, indicating a decrease of 2.74%. Its portfolio allocation in MTB.PRJ has reduced by 1.79% over the last quarter.

CPXAX – Cohen & Steers Preferred Securities & Income Fund, Inc. holds 1,420K shares, down from 1,626K shares previously, representing a decrease of 14.52%. The firm has decreased its portfolio allocation in MTB.PRJ by 16.56% in the last quarter.

PGX – Invesco Preferred ETF maintains 1,221K shares, a slight decrease of 0.64% from 1,228K. However, the firm increased its portfolio allocation in MTB.PRJ by 1.41% over the last quarter.

PGF – Invesco Financial Preferred ETF holds 595K shares, up from 580K, which reflects an increase of 2.60%. The firm’s portfolio allocation in MTB.PRJ increased by 12.09% last quarter.

PFFD – Global X U.S. Preferred ETF holds 565K shares, down from 603K shares, which represents a decrease of 6.70%. The firm reduced its portfolio allocation in MTB.PRJ by 3.26% in the previous quarter.

This story originally appeared on Fintel.

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