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M&T Bank Corp Raises Stock Holdings in Simon Property Group, Inc. $SPG
M&T Bank Corp significantly increased its holdings in Simon Property Group (NYSE:SPG) by 137.3% in the fourth quarter, now owning 59,493 shares valued at approximately $11.01 million. This increase comes as Simon Property Group announced a $2.0 billion share buyback program and reported strong Q4 earnings, beating analyst estimates with $3.49 EPS and $1.79 billion in revenue. The stock currently trades near $202 with a “Hold” consensus rating and an average price target of $200.14.