Square Inc (SQ) Shares Bought by M&T Bank Corp

M&T Bank Corp raised its holdings in shares of Square Inc (NYSE:SQ) by 36.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,348 shares of the technology company’s stock after acquiring an additional 8,441 shares during the quarter. M&T Bank Corp’s holdings in Square were worth $1,087,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. lifted its holdings in shares of Square by 1.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 46,166 shares of the technology company’s stock valued at $1,084,000 after buying an additional 513 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Square by 97.7% during the 2nd quarter. Northern Trust Corp now owns 727,683 shares of the technology company’s stock valued at $17,072,000 after buying an additional 359,641 shares during the last quarter. Ark Investment Management LLC lifted its holdings in shares of Square by 18.2% during the 2nd quarter. Ark Investment Management LLC now owns 288,524 shares of the technology company’s stock valued at $6,769,000 after buying an additional 44,524 shares during the last quarter. Parametric Portfolio Associates LLC lifted its holdings in shares of Square by 10.7% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 229,309 shares of the technology company’s stock valued at $5,380,000 after buying an additional 22,100 shares during the last quarter. Finally, Stifel Financial Corp lifted its holdings in shares of Square by 28.1% during the 2nd quarter. Stifel Financial Corp now owns 34,108 shares of the technology company’s stock valued at $801,000 after buying an additional 7,473 shares during the last quarter. 53.31% of the stock is currently owned by institutional investors.

Several equities research analysts have recently issued reports on the company. Deutsche Bank lifted their price target on Square from $37.00 to $43.00 and gave the company a “buy” rating in a report on Thursday, February 15th. Zacks Investment Research upgraded Square from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a report on Monday, February 5th. Susquehanna Bancshares lifted their price target on Square from $43.00 to $51.00 and gave the company a “positive” rating in a report on Monday, February 5th. Vetr upgraded Square from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a report on Monday, February 5th. Finally, Nomura restated a “buy” rating and issued a $64.00 target price (up from $48.00) on shares of Square in a report on Friday, January 19th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and twenty-five have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $37.13.

Square Inc (NYSE SQ) opened at $44.11 on Tuesday. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $17,140.00 and a P/E ratio of -259.47. Square Inc has a 1 year low of $13.99 and a 1 year high of $49.56.

In other news, insider Hillary B. Smith sold 1,551 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $35.12, for a total transaction of $54,471.12. Following the sale, the insider now directly owns 487,482 shares in the company, valued at $17,120,367.84. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Sarah Friar sold 38,400 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $47.24, for a total value of $1,814,016.00. Following the sale, the chief financial officer now owns 355,566 shares in the company, valued at $16,796,937.84. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,266,741 shares of company stock worth $49,532,769. Company insiders own 32.68% of the company’s stock.

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Square Company Profile

Square, Inc (Square) is a commerce ecosystem. The Company enables its sellers start, run and grow their businesses. It combines software with hardware to enable sellers to turn mobile devices and computing devices into payments and point-of-sale solutions. Once a seller downloads the Square Point of Sale mobile application, they can take their first payment.

Institutional Ownership by Quarter for Square (NYSE:SQ)

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