Douglass Winthrop Advisors Trimmed Auto Data Processing (ADP) Position By $922,500; M&T Bank (MTB) Has 1.16 Sentiment

Automatic Data Processing, Inc. (NASDAQ:ADP) Logo

M&T Bank Corp (MTB) investors sentiment increased to 1.16 in Q3 2018. It’s up 0.03, from 1.13 in 2018Q2. The ratio has increased, as 248 hedge funds increased or opened new holdings, while 213 sold and decreased their equity positions in M&T Bank Corp. The hedge funds in our database now have: 108.74 million shares, down from 112.08 million shares in 2018Q2. Also, the number of hedge funds holding M&T Bank Corp in top ten holdings decreased from 6 to 4 for a decrease of 2. Sold All: 32 Reduced: 181 Increased: 172 New Position: 76.

Douglass Winthrop Advisors Llc decreased Auto Data Processing (ADP) stake by 9.5% reported in 2018Q3 SEC filing. Douglass Winthrop Advisors Llc sold 6,150 shares as Auto Data Processing (ADP)’s stock declined 4.96%. The Douglass Winthrop Advisors Llc holds 58,599 shares with $8.83 million value, down from 64,749 last quarter. Auto Data Processing now has $57.45B valuation. The stock increased 3.99% or $5.03 during the last trading session, reaching $131.24. About 2.16 million shares traded. Automatic Data Processing, Inc. (NASDAQ:ADP) has risen 20.58% since January 5, 2018 and is uptrending. It has outperformed by 20.58% the S&P500. Some Historical ADP News: 13/03/2018 – PERSHING SQUARE CAPITAL MANAGEMENT, L.P. REPORTS 7.2 PCT STAKE IN AUTOMATIC DATA PROCESSING INC AS OF MARCH 12, 2018 – SEC FILING; 02/04/2018 – AUTOMATIC DATA PROCESSING INC ADP.O : RBC RAISES TO OUTPERFORM FROM SECTOR PERFORM; 04/05/2018 – MESSAGERIES ADP – MAJOR AGREEMENT WITH HACHETTE CANADA FOR DISTRIBUTION OF ALL ITS FRENCH-LANGUAGE TITLES IN CANADA; 07/03/2018 MEDIA-France to go ahead with privatisation of ADP -BFM Business; 24/05/2018 – ADP ADP.PA – CONSTRUCTION EXPECTED TO START IN 2019; 30/05/2018 – On the data front, ADP payrolls data are due at 8:15 a.m. ET while a second reading of first-quarter GDP will come out at 8.30 a.m. ET; 15/05/2018 – D.E. SHAW GROUP AND SACHEM HEAD CAPITAL MANAGEMENT HAVE BUILT SMALL STAKES IN AUTOMATIC DATA PROCESSING – WSJ, CITING; 11/04/2018 – ADP BOOSTS QTR DIV/SHR TO 69C FROM 63C, EST. 63C; 13/04/2018 – ADP ADP.PA – ONLY LATIN AMERICA WAS DOWN SLIGHTLY (-0.1%) IN MARCH; 30/05/2018 – ADP Report: U.S. Wage Growth Accelerating in Response

Investors sentiment decreased to 0.75 in Q3 2018. Its down 0.12, from 0.87 in 2018Q2. It is negative, as 50 investors sold ADP shares while 461 reduced holdings. 120 funds opened positions while 263 raised stakes. 332.04 million shares or 0.51% less from 333.72 million shares in 2018Q2 were reported. 212,496 were reported by Mcdaniel Terry &. Finemark Bank & has 0.04% invested in Automatic Data Processing, Inc. (NASDAQ:ADP) for 4,768 shares. Zevin Asset Management Limited Liability Corp holds 6.04% of its portfolio in Automatic Data Processing, Inc. (NASDAQ:ADP) for 137,410 shares. Main Street Lc reported 6,673 shares or 0.14% of all its holdings. Janney Montgomery Scott Limited Liability Company accumulated 0.17% or 133,465 shares. Banque Pictet Cie has 3,425 shares. The Texas-based Service Automobile Association has invested 0.16% in Automatic Data Processing, Inc. (NASDAQ:ADP). Papp L Roy & Assocs reported 12,678 shares. Moreover, Yhb Investment has 0.18% invested in Automatic Data Processing, Inc. (NASDAQ:ADP) for 7,861 shares. Cipher Cap Limited Partnership invested 0.09% in Automatic Data Processing, Inc. (NASDAQ:ADP). Burke & Herbert Fincl Bank & Tru Company holds 0.54% or 4,217 shares. Fukoku Mutual Life Ins Company stated it has 2,500 shares or 0.05% of all its holdings. Martin Currie holds 1.69% or 161,107 shares in its portfolio. Rowland & Counsel Adv holds 0% in Automatic Data Processing, Inc. (NASDAQ:ADP) or 78,740 shares. Nelson Van Denburg & Campbell Wealth Management reported 14,693 shares stake.

Analysts await Automatic Data Processing, Inc. (NASDAQ:ADP) to report earnings on January, 30. They expect $1.18 earnings per share, up 19.19% or $0.19 from last year’s $0.99 per share. ADP’s profit will be $516.52M for 27.81 P/E if the $1.18 EPS becomes a reality. After $1.20 actual earnings per share reported by Automatic Data Processing, Inc. for the previous quarter, Wall Street now forecasts -1.67% negative EPS growth.

More notable recent Automatic Data Processing, Inc. (NASDAQ:ADP) news were published by: which released: “ADP or PAYX: Which Outsourcing Services Firm is a Better Buy? – Nasdaq” on December 28, 2018, also with their article: “SPYG, NEE, ADP, ISRG: ETF Outflow Alert – Nasdaq” published on January 02, 2019, published: “Automatic Data Processing, Inc. (ADP) Ex-Dividend Date Scheduled for December 13, 2018 – Nasdaq” on December 12, 2018. More interesting news about Automatic Data Processing, Inc. (NASDAQ:ADP) were released by: and their article: “Why Automatic Data Processing (ADP) is a Great Dividend Stock Right Now – Nasdaq” published on December 14, 2018 as well as‘s news article titled: “Ahead Of Today’s Opening Bell – Nasdaq” with publication date: January 03, 2019.

Among 7 analysts covering Automatic Data Processing (NASDAQ:ADP), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. Automatic Data Processing had 7 analyst reports since August 10, 2018 according to SRatingsIntel. On Thursday, November 1 the stock rating was maintained by BMO Capital Markets with “Market Perform”. Citigroup maintained Automatic Data Processing, Inc. (NASDAQ:ADP) on Thursday, November 1 with “Neutral” rating. As per Monday, August 13, the company rating was maintained by Argus Research.

Since August 31, 2018, it had 0 insider buys, and 17 insider sales for $36.77 million activity. $337,896 worth of stock was sold by Bonarti Michael A on Friday, August 31. O’Brien Dermot J had sold 19,324 shares worth $2.50 million. Sackman Stuart sold 1,197 shares worth $172,886. Shares for $137,507 were sold by Perrotti Thomas J. 9,100 shares valued at $1.37M were sold by Eberhard Michael C on Friday, September 21. Another trade for 2,275 shares valued at $295,841 was made by Politi Douglas W on Wednesday, January 2. Shares for $1.20M were sold by Siegmund Jan on Friday, August 31.

Douglass Winthrop Advisors Llc increased Brown Forman Corp Cl B (NYSE:BF.B) stake by 28,394 shares to 678,115 valued at $34.28 million in 2018Q3. It also upped Discovery Inc (NASDAQ:DISCK) stake by 66,220 shares and now owns 1.80 million shares. Berkshire Hathaway Inc Del Cl (BRKA) was raised too.

The stock increased 3.07% or $4.42 during the last trading session, reaching $148.28. About 1.01 million shares traded or 7.96% up from the average. M&T Bank Corporation (MTB) has declined 9.19% since January 5, 2018 and is downtrending. It has underperformed by 9.19% the S&P500. Some Historical MTB News: 30/05/2018 – FMC Announces Appointment of Sara Ponessa as General Counsel for FMC Lithium; 22/04/2018 – DJ M&T Bank Corporation, Inst Holders, 1Q 2018 (MTB); 22/03/2018 – INDIA SUBRAMANIAN SEES OIL PRICES TO REMAIN AT $55-$60/BBL M/T; 03/04/2018 – U.S. top court suggests lower courts reconsider Tribune Co dispute; 17/04/2018 – Wash Bus Jrn: Exclusive: M&T Bank has a new Greater Washington president; 23/04/2018 – PHILIPS D&T GROWTH TO BE ABOVE PHILIPS AVERAGE IN M/T; 13/03/2018 DWS TARGETS M/T COST SAVINGS EU125-150M/YR VS 2017; 24/04/2018 – IEC ELECTRONICS – EFFECTIVE AS OF APRIL 20, CO AND M&T BANK ENTERED INTO FIFTH AMENDMENT TO FIFTH AMENDED AND RESTATED CREDIT FACILITY AGREEMENT; 16/04/2018 – M&T Bank 1Q EPS $2.23; 03/05/2018 – TOP Ships Inc. Announces Extension of Time Charter of M/T Eco Fleet

Analysts await M&T Bank Corporation (NYSE:MTB) to report earnings on January, 17. They expect $3.48 earnings per share, up 30.83% or $0.82 from last year’s $2.66 per share. MTB’s profit will be $488.44 million for 10.65 P/E if the $3.48 EPS becomes a reality. After $3.56 actual earnings per share reported by M&T Bank Corporation for the previous quarter, Wall Street now forecasts -2.25% negative EPS growth.

More news for M&T Bank Corporation (NYSE:MTB) were recently published by:, which released: “3 Dividend Stocks Ideal for Retirees – Motley Fool” on January 04, 2019.‘s article titled: “M&T Bank declares $1.00 dividend – Seeking Alpha” and published on August 21, 2018 is yet another important article.

Since January 1, 0001, it had 0 insider buys, and 5 selling transactions for $5.06 million activity.

M&T Bank Corporation (NYSE:MTB) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.