Nomura Holdings Inc. purchased a new stake in shares of People’s United Financial Inc. (NASDAQ:PBCT) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 217,237 shares of the company’s stock, valued at approximately $3,184,000. Nomura Holdings Inc. owned 0.07% of People’s United Financial at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. raised its position in shares of People’s United Financial by 0.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 22,500 shares of the company’s stock valued at $329,000 after buying an additional 84 shares during the last quarter. Canada Pension Plan Investment Board raised its position in shares of People’s United Financial by 1.3% in the first quarter. Canada Pension Plan Investment Board now owns 7,600 shares of the company’s stock valued at $121,000 after buying an additional 100 shares during the last quarter. Camelot Portfolios LLC raised its position in shares of People’s United Financial by 1.0% in the second quarter. Camelot Portfolios LLC now owns 11,154 shares of the company’s stock valued at $164,000 after buying an additional 111 shares during the last quarter. World Asset Management Inc raised its position in shares of People’s United Financial by 0.7% in the second quarter. World Asset Management Inc now owns 31,144 shares of the company’s stock valued at $457,000 after buying an additional 204 shares during the last quarter. Finally, Advantus Capital Management Inc raised its position in shares of People’s United Financial by 0.9% in the second quarter. Advantus Capital Management Inc now owns 30,094 shares of the company’s stock valued at $441,000 after buying an additional 268 shares during the last quarter. 77.32% of the stock is currently owned by hedge funds and other institutional investors.

Shares of People’s United Financial Inc. (NASDAQ:PBCT) opened at 15.68 on Wednesday. The company’s 50-day moving average price is $15.73 and its 200 day moving average price is $15.56. The company has a market cap of $4.76 billion, a P/E ratio of 17.62 and a beta of 0.80. People’s United Financial Inc. has a 52 week low of $13.62 and a 52 week high of $16.93.

People’s United Financial (NASDAQ:PBCT) last posted its earnings results on Thursday, July 21st. The company reported $0.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.01. People’s United Financial had a return on equity of 5.60% and a net margin of 19.13%. On average, equities analysts forecast that People’s United Financial Inc. will post $0.89 EPS for the current fiscal year.

Several research analysts have weighed in on PBCT shares. Zacks Investment Research lowered People’s United Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, May 31st. Piper Jaffray Cos. upgraded People’s United Financial from an “underweight” rating to a “neutral” rating and set a $14.00 price target for the company in a research note on Wednesday, June 29th. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $16.00 price target on shares of People’s United Financial in a research note on Wednesday, June 29th. Three analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $15.19.

In other People’s United Financial news, VP David K. Norton sold 15,495 shares of People’s United Financial stock in a transaction dated Wednesday, August 31st. The stock was sold at an average price of $16.05, for a total value of $248,694.75. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Robert E. Trautmann sold 47,707 shares of People’s United Financial stock in a transaction dated Thursday, August 18th. The shares were sold at an average price of $15.48, for a total value of $738,504.36. The disclosure for this sale can be found here. Company insiders own 2.90% of the company’s stock.

About People’s United Financial

People’s United Financial, Inc (People’s United) is the bank holding company for People’s United Bank, National Association (the Bank). The principal business of the Company is to provide, through the Bank and its subsidiaries, commercial banking, retail banking and wealth management services to individual, corporate and municipal customers.

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