AMP Capital Investors Ltd reduced its stake in shares of People's United Financial, Inc. (NASDAQ:PBCT) by 32.3% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 107,493 shares of the bank’s stock after selling 51,300 shares during the period. AMP Capital Investors Ltd’s holdings in People's United Financial were worth $1,950,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. State Street Corp increased its holdings in People's United Financial by 6.2% during the 2nd quarter. State Street Corp now owns 39,968,330 shares of the bank’s stock worth $705,843,000 after purchasing an additional 2,316,636 shares in the last quarter. Vanguard Group Inc. increased its holdings in People's United Financial by 5.9% during the 2nd quarter. Vanguard Group Inc. now owns 34,847,557 shares of the bank’s stock worth $615,409,000 after purchasing an additional 1,945,556 shares in the last quarter. Wells Fargo & Company MN increased its holdings in People's United Financial by 1.4% during the 3rd quarter. Wells Fargo & Company MN now owns 18,541,297 shares of the bank’s stock worth $336,338,000 after purchasing an additional 248,468 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in People's United Financial by 1.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 9,325,647 shares of the bank’s stock worth $169,163,000 after purchasing an additional 110,404 shares in the last quarter. Finally, Epoch Investment Partners Inc. increased its holdings in People's United Financial by 2.3% during the 2nd quarter. Epoch Investment Partners Inc. now owns 7,853,746 shares of the bank’s stock worth $138,697,000 after purchasing an additional 178,440 shares in the last quarter. 75.52% of the stock is owned by hedge funds and other institutional investors.

In other People's United Financial news, insider Jeffrey J. Tengel sold 173,685 shares of the stock in a transaction on Monday, December 4th. The stock was sold at an average price of $19.32, for a total transaction of $3,355,594.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP David K. Norton sold 108,194 shares of the stock in a transaction on Wednesday, November 29th. The shares were 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. Over the last ninety days, insiders sold 724,338 shares of company stock valued at $13,796,084. 2.70% of the stock is currently owned by corporate insiders.

A number of brokerages have commented on PBCT. Zacks Investment Research raised People's United Financial from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a report on Tuesday, December 5th. Piper Jaffray Companies reaffirmed a “sell” rating and issued a $17.00 target price on shares of People's United Financial in a report on Sunday, October 22nd. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $19.19.

People's United Financial, Inc. (NASDAQ PBCT) opened at $19.04 on Wednesday. The stock has a market capitalization of $6,512.99, a P/E ratio of 19.59, a PEG ratio of 9.45 and a beta of 0.85. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.72. People's United Financial, Inc. has a twelve month low of $15.97 and a twelve month high of $19.85.

People's United Financial (NASDAQ:PBCT) last released its earnings results on Thursday, October 19th. The bank reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.01. The company had revenue of $373.90 million during the quarter, compared to analyst estimates of $374.59 million. People's United Financial had a return on equity of 6.28% and a net margin of 19.32%. People's United Financial’s quarterly revenue was up 11.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.24 earnings per share. analysts anticipate that People's United Financial, Inc. will post 1 EPS for the current year.

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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.

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

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