People's United Financial, Inc. (PBCT) Stake Raised by Aperio Group LLC

Aperio Group LLC increased its stake in People's United Financial, Inc. (NASDAQ:PBCT) by 2.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 261,141 shares of the bank’s stock after purchasing an additional 5,389 shares during the quarter. Aperio Group LLC’s holdings in People's United Financial were worth $4,883,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Advisory Services Network LLC boosted its holdings in shares of People's United Financial by 3.0% in the 2nd quarter. Advisory Services Network LLC now owns 7,757 shares of the bank’s stock valued at $137,000 after buying an additional 226 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of People's United Financial by 1,408.7% in the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 7,996 shares of the bank’s stock valued at $145,000 after buying an additional 7,466 shares during the last quarter. Aurora Investment Counsel acquired a new stake in shares of People's United Financial in the 4th quarter valued at approximately $193,000. Intl Fcstone Inc. bought a new stake in People's United Financial in the 2nd quarter valued at $185,000. Finally, Tiedemann Wealth Management LLC bought a new stake in People's United Financial in the 3rd quarter valued at $199,000. 75.53% of the stock is owned by institutional investors.

Shares of People's United Financial, Inc. (PBCT) opened at $19.58 on Thursday. People's United Financial, Inc. has a 12 month low of $15.97 and a 12 month high of $20.14. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $6,620.00, a price-to-earnings ratio of 20.19, a P/E/G ratio of 7.47 and a beta of 0.87.

People's United Financial (NASDAQ:PBCT) last posted its quarterly earnings results on Thursday, January 18th. The bank reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.04. People's United Financial had a return on equity of 6.69% and a net margin of 20.37%. The business had revenue of $379.60 million for the quarter, compared to analysts’ expectations of $392.70 million. During the same quarter in the prior year, the business earned $0.25 EPS. equities analysts expect that People's United Financial, Inc. will post 1.28 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st will be given a dividend of $0.1725 per share. This represents a $0.69 annualized dividend and a yield of 3.52%. The ex-dividend date of this dividend is Wednesday, January 31st. People's United Financial’s payout ratio is 71.13%.

PBCT has been the topic of a number of research analyst reports. Barclays increased their price target on People's United Financial from $18.00 to $20.00 and gave the company an “underweight” rating in a research note on Tuesday, January 2nd. BidaskClub cut People's United Financial from a “hold” rating to a “sell” rating in a research note on Saturday, January 6th. Zacks Investment Research upgraded People's United Financial from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research note on Thursday, January 4th. Finally, Sandler O’Neill set a $21.00 price target on People's United Financial and gave the company a “hold” rating in a research note on Thursday, January 18th. Two research analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. People's United Financial currently has a consensus rating of “Hold” and a consensus target price of $19.25.

In other People's United Financial news, CFO R David Rosato sold 6,040 shares of the stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $19.18, for a total transaction of $115,847.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP David K. Norton sold 108,194 shares of the stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $19.22, for a total value of $2,079,488.68. The disclosure for this sale can be found here. Insiders have sold a total of 424,362 shares of company stock worth $8,191,054 in the last quarter. Company insiders own 2.70% of the company’s stock.

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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.

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

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