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M&T Bank Corp Increases Stock Holdings in The Goldman Sachs Group, Inc. $GS
M&T Bank Corp increased its stake in The Goldman Sachs Group, Inc. by 22.3% in the fourth quarter, bringing its total holdings to 29,777 shares valued at $26.17 million. This comes as Goldman Sachs beat Q1 earnings expectations with an EPS of $17.55 and revenue of $17.23 billion, while also announcing a quarterly dividend of $4.50. Despite significant insider selling and a “Hold” consensus rating from analysts, institutional investors now own approximately 71.21% of the stock.