Tudor Investment Corp ET AL Decreases Position in People’s United Financial, Inc. (PBCT)

Tudor Investment Corp ET AL reduced its stake in People’s United Financial, Inc. (NASDAQ:PBCT) by 25.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,785 shares of the bank’s stock after selling 15,423 shares during the period. Tudor Investment Corp ET AL’s holdings in People’s United Financial were worth $833,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in PBCT. Mn Services Vermogensbeheer B.V. raised its position in shares of People’s United Financial by 5.1% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 8,076 shares of the bank’s stock valued at $137,000 after buying an additional 394 shares in the last quarter. Advisory Services Network LLC purchased a new position in shares of People’s United Financial during the first quarter valued at about $137,000. Daiwa Securities Group Inc. raised its position in shares of People’s United Financial by 19.2% in the first quarter. Daiwa Securities Group Inc. now owns 8,700 shares of the bank’s stock valued at $158,000 after buying an additional 1,400 shares in the last quarter. Federated Investors Inc. PA purchased a new position in shares of People’s United Financial during the fourth quarter valued at about $184,000. Finally, Macquarie Group Ltd. raised its position in shares of People’s United Financial by 25.6% in the fourth quarter. Macquarie Group Ltd. now owns 9,800 shares of the bank’s stock valued at $189,000 after buying an additional 2,000 shares in the last quarter. 76.12% of the stock is owned by hedge funds and other institutional investors.

Shares of People’s United Financial, Inc. (NASDAQ PBCT) traded down 0.84% during mid-day trading on Friday, reaching $17.36. The company’s stock had a trading volume of 2,218,342 shares. The firm has a market cap of $5.86 billion, a PE ratio of 19.38 and a beta of 0.82. People’s United Financial, Inc. has a one year low of $14.79 and a one year high of $20.13. The firm’s 50 day moving average is $17.64 and its 200 day moving average is $18.04.

People’s United Financial (NASDAQ:PBCT) last issued its quarterly earnings results on Thursday, July 20th. The bank reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by $0.04. The business had revenue of $366.50 million for the quarter, compared to analyst estimates of $357.16 million. People’s United Financial had a return on equity of 6.14% and a net margin of 18.88%. The business’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.23 earnings per share. On average, equities analysts anticipate that People’s United Financial, Inc. will post $0.92 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 1st will be given a dividend of $0.1725 per share. This represents a $0.69 dividend on an annualized basis and a dividend yield of 3.97%. The ex-dividend date is Friday, July 28th. People’s United Financial’s payout ratio is presently 77.53%.

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PBCT has been the subject of several research reports. Morgan Stanley reissued an “equal weight” rating and issued a $17.75 target price (up previously from $17.50) on shares of People’s United Financial in a research report on Friday, July 7th. Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of People’s United Financial in a research report on Monday, July 10th. Zacks Investment Research lowered People’s United Financial from a “buy” rating to a “hold” rating in a research report on Friday, April 7th. Finally, BidaskClub raised People’s United Financial from a “strong sell” rating to a “sell” rating in a research report on Friday, June 30th. Three equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $18.25.

In other news, VP Robert E. Trautmann sold 118,836 shares of the company’s stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $17.08, for a total transaction of $2,029,718.88. Following the transaction, the vice president now directly owns 70,323 shares of the company’s stock, valued at $1,201,116.84. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Jerry Franklin sold 4,520 shares of the company’s stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $16.72, for a total value of $75,574.40. Following the completion of the transaction, the director now directly owns 97,249 shares in the company, valued at $1,626,003.28. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 130,115 shares of company stock worth $2,226,820. Insiders own 2.70% of the company’s stock.

People’s United Financial Company Profile

People’s United Financial, Inc is a bank holding company and a financial holding company of People’s United Bank (the Bank). The Bank is engaged in providing commercial banking, retail banking and wealth management services to individual, corporate and municipal customers. The Company operates through two segments: Commercial Banking and Retail Banking.

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

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