UBS Asset Management Americas Inc. decreased its position in People’s United Financial Inc. (NASDAQ:PBCT) by 0.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,190,733 shares of the company’s stock after selling 7,531 shares during the period. UBS Asset Management Americas Inc. owned approximately 0.39% of People’s United Financial worth $17,456,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Teachers Advisors Inc. increased its position in People’s United Financial by 5.2% in the first quarter. Teachers Advisors Inc. now owns 330,376 shares of the company’s stock worth $5,263,000 after buying an additional 16,413 shares in the last quarter. TIAA CREF Investment Management LLC increased its stake in shares of People’s United Financial by 4.2% in the first quarter. TIAA CREF Investment Management LLC now owns 664,550 shares of the company’s stock valued at $10,586,000 after buying an additional 26,521 shares during the period. Ngam Advisors L.P. increased its stake in shares of People’s United Financial by 14.2% in the first quarter. Ngam Advisors L.P. now owns 41,168 shares of the company’s stock valued at $656,000 after buying an additional 5,132 shares during the period. Pacad Investment Ltd. increased its stake in shares of People’s United Financial by 252.9% in the first quarter. Pacad Investment Ltd. now owns 36,700 shares of the company’s stock valued at $585,000 after buying an additional 26,300 shares during the period. Finally, Lakeview Capital Partners LLC increased its stake in shares of People’s United Financial by 17.6% in the first quarter. Lakeview Capital Partners LLC now owns 52,960 shares of the company’s stock valued at $844,000 after buying an additional 7,924 shares during the period. Institutional investors own 77.32% of the company’s stock.

People’s United Financial Inc. (NASDAQ:PBCT) traded down 0.51% on Wednesday, reaching $15.60. 1,049,207 shares of the company’s stock traded hands. People’s United Financial Inc. has a 52-week low of $13.62 and a 52-week high of $16.93. The company’s 50 day moving average is $15.73 and its 200-day moving average is $15.56. The stock has a market cap of $4.74 billion, a price-to-earnings ratio of 17.53 and a beta of 0.80.

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

Several equities research analysts recently issued reports on PBCT shares. Zacks Investment Research upgraded shares of People’s United Financial from a “sell” rating to a “hold” rating in a research note on Monday, June 13th. Piper Jaffray Cos. upgraded shares of People’s United Financial from an “underweight” rating to a “neutral” rating and set a $14.00 target price for the company in a research note on Wednesday, June 29th. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $16.00 target price on shares of People’s United Financial in a research note on Wednesday, June 29th. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $15.19.

In related news, VP David K. Norton sold 15,495 shares of the business’s stock in a transaction dated Wednesday, August 31st. The shares were sold at an average price of $16.05, for a total transaction of $248,694.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Robert E. Trautmann sold 47,707 shares of the business’s stock in a transaction dated Thursday, August 18th. The stock was sold at an average price of $15.48, for a total transaction of $738,504.36. The disclosure for this sale can be found here. Corporate 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.

5 Day Chart for NASDAQ:PBCT

Receive News & Ratings for People's United Financial Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for People's United Financial Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.