Ameriprise Financial Inc. lifted its stake in First Citizens BancShares, Inc. (NASDAQ:FCNCA) by 22.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,522 shares of the bank’s stock after purchasing an additional 8,055 shares during the period. Ameriprise Financial Inc. owned 0.37% of First Citizens BancShares worth $16,594,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of FCNCA. Wells Fargo & Company MN boosted its holdings in First Citizens BancShares by 7.4% in the 2nd quarter. Wells Fargo & Company MN now owns 209,753 shares of the bank’s stock worth $78,174,000 after buying an additional 14,486 shares during the period. Prudential Financial Inc. boosted its holdings in First Citizens BancShares by 34.7% in the 2nd quarter. Prudential Financial Inc. now owns 21,274 shares of the bank’s stock worth $7,929,000 after buying an additional 5,475 shares during the period. AJO LP bought a new position in First Citizens BancShares in the 2nd quarter worth $1,923,000. Schwab Charles Investment Management Inc. boosted its holdings in First Citizens BancShares by 7.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 66,462 shares of the bank’s stock worth $24,771,000 after buying an additional 4,842 shares during the period. Finally, Great West Life Assurance Co. Can boosted its holdings in First Citizens BancShares by 2.5% in the 2nd quarter. Great West Life Assurance Co. Can now owns 178,110 shares of the bank’s stock worth $66,185,000 after buying an additional 4,325 shares during the period. Hedge funds and other institutional investors own 44.92% of the company’s stock.

Several research analysts recently weighed in on the stock. ValuEngine raised shares of First Citizens BancShares from a “hold” rating to a “buy” rating in a report on Thursday, June 29th. BidaskClub downgraded shares of First Citizens BancShares from a “hold” rating to a “sell” rating in a report on Monday, July 31st.

In other First Citizens BancShares news, major shareholder Olivia Britton Holding sold 245 shares of First Citizens BancShares stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $362.06, for a total value of $88,704.70. Following the completion of the transaction, the insider now owns 343,898 shares of the company’s stock, valued at $124,511,709.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman Hope Holding Bryant sold 2,500 shares of First Citizens BancShares stock in a transaction on Monday, August 21st. The shares were sold at an average price of $340.00, for a total transaction of $850,000.00. Following the completion of the transaction, the insider now directly owns 272,572 shares of the company’s stock, valued at approximately $92,674,480. The disclosure for this sale can be found here. Insiders sold 12,500 shares of company stock valued at $4,398,866 in the last ninety days. 19.38% of the stock is owned by corporate insiders.

First Citizens BancShares, Inc. (NASDAQ:FCNCA) opened at 374.96 on Thursday. First Citizens BancShares, Inc. has a one year low of $280.98 and a one year high of $395.15. The company has a market cap of $4.50 billion, a P/E ratio of 14.70 and a beta of 1.10. The company has a 50-day moving average of $348.32 and a 200 day moving average of $350.80.

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Monday, September 18th were issued a $0.30 dividend. The ex-dividend date of this dividend was Friday, September 15th. This represents a $1.20 dividend on an annualized basis and a yield of 0.32%. First Citizens BancShares’s payout ratio is 4.70%.

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About First Citizens BancShares

First Citizens BancShares, Inc (BancShares) is a holding company of First-Citizens Bank & Trust Company (FCB). As of December 31, 2016, BancShares operated in 21 states providing a range of financial services to individuals, businesses and professionals. FCB offers a range of retail and commercial banking services.

Institutional Ownership by Quarter for First Citizens BancShares (NASDAQ:FCNCA)

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