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M&T Bank Corp Buys 1,022,129 Shares of Corpay, Inc. $CPAY
M&T Bank Corp significantly increased its stake in Corpay, Inc. (NYSE:CPAY) by 4,657.7% in the fourth quarter, acquiring an additional 1,022,129 shares. The investment now makes Corpay the 17th largest holding for M&T Bank Corp, representing about 0.9% of its portfolio. This move comes as other institutional investors have also modified their holdings, and CPAY has received a “Moderate Buy” consensus rating from analysts with an average target price of $371.23.