People’s United Financial, Inc. (PBCT) Shares Bought by Northern Trust Corp

Northern Trust Corp increased its stake in People’s United Financial, Inc. (NASDAQ:PBCT) by 8.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,374,102 shares of the bank’s stock after acquiring an additional 331,039 shares during the period. Northern Trust Corp owned approximately 1.16% of People’s United Financial worth $63,119,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Advisor Partners LLC boosted its position in shares of People’s United Financial by 4.9% in the fourth quarter. Advisor Partners LLC now owns 12,996 shares of the bank’s stock worth $188,000 after acquiring an additional 608 shares during the last quarter. World Asset Management Inc boosted its position in shares of People’s United Financial by 3.1% in the fourth quarter. World Asset Management Inc now owns 21,873 shares of the bank’s stock worth $316,000 after acquiring an additional 651 shares during the last quarter. Public Employees Retirement Association of Colorado boosted its position in shares of People’s United Financial by 2.0% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 37,300 shares of the bank’s stock worth $538,000 after acquiring an additional 740 shares during the last quarter. Cornerstone Advisors Inc. boosted its position in shares of People’s United Financial by 32.4% in the fourth quarter. Cornerstone Advisors Inc. now owns 3,809 shares of the bank’s stock worth $55,000 after acquiring an additional 933 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its position in shares of People’s United Financial by 7.9% in the fourth quarter. Daiwa Securities Group Inc. now owns 15,099 shares of the bank’s stock worth $218,000 after acquiring an additional 1,100 shares during the last quarter. 76.96% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director Jerry Franklin sold 4,800 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $17.99, for a total transaction of $86,352.00. Following the transaction, the director now directly owns 93,317 shares of the company’s stock, valued at $1,678,772.83. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Galan G. Daukas sold 13,534 shares of the business’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $17.11, for a total transaction of $231,566.74. The disclosure for this sale can be found here. Over the last three months, insiders have sold 197,382 shares of company stock worth $3,411,597. Corporate insiders own 2.50% of the company’s stock.

Shares of PBCT stock opened at $17.36 on Friday. The company has a market cap of $6.56 billion, a price-to-earnings ratio of 13.25, a price-to-earnings-growth ratio of 6.20 and a beta of 1.18. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.96 and a current ratio of 0.96. People’s United Financial, Inc. has a fifty-two week low of $13.66 and a fifty-two week high of $20.08.

People’s United Financial (NASDAQ:PBCT) last announced its quarterly earnings results on Thursday, January 17th. The bank reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.02. The firm had revenue of $428.20 million for the quarter, compared to analysts’ expectations of $432.25 million. People’s United Financial had a net margin of 24.34% and a return on equity of 8.11%. People’s United Financial’s revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.31 earnings per share. As a group, equities research analysts anticipate that People’s United Financial, Inc. will post 1.4 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, February 15th. Shareholders of record on Friday, February 1st were given a dividend of $0.175 per share. The ex-dividend date was Thursday, January 31st. This represents a $0.70 dividend on an annualized basis and a yield of 4.03%. People’s United Financial’s dividend payout ratio (DPR) is 53.44%.

Several equities research analysts recently issued reports on the stock. BidaskClub raised shares of People’s United Financial from a “hold” rating to a “buy” rating in a research report on Friday, January 25th. Barclays reaffirmed a “hold” rating and set a $19.00 price target on shares of People’s United Financial in a research report on Sunday, January 20th. ValuEngine raised shares of People’s United Financial from a “sell” rating to a “hold” rating in a research report on Saturday, January 19th. Wells Fargo & Co reaffirmed a “hold” rating on shares of People’s United Financial in a research report on Thursday, January 3rd. Finally, FIG Partners assumed coverage on shares of People’s United Financial in a research report on Thursday, December 20th. They set an “outperform” rating on the stock. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $19.92.

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People’s United Financial Company Profile

People's United Financial, Inc operates as the bank holding company for People's United Bank, National Association that provides commercial banking, retail banking, and wealth management services to individual, corporate, and municipal customers. The company operates in two segments, Commercial Banking and Retail Banking.

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Institutional Ownership by Quarter for People`s United Financial (NASDAQ:PBCT)

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