Macquarie Group Ltd. continued to hold its position in shares of People’s United Financial, Inc. (NASDAQ:PBCT) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,600 shares of the bank’s stock at the close of the 2nd quarter. Macquarie Group Ltd.’s holdings in People’s United Financial were worth $152,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Glassman Wealth Services lifted its position in shares of People’s United Financial by 4,150.7% during the 2nd quarter. Glassman Wealth Services now owns 5,696 shares of the bank’s stock worth $101,000 after purchasing an additional 5,562 shares during the last quarter. Ffcm LLC lifted its position in People’s United Financial by 208.3% in the second quarter. Ffcm LLC now owns 6,345 shares of the bank’s stock valued at $114,000 after acquiring an additional 4,287 shares during the last quarter. Federated Investors Inc. PA lifted its position in People’s United Financial by 0.8% in the second quarter. Federated Investors Inc. PA now owns 9,678 shares of the bank’s stock valued at $171,000 after acquiring an additional 80 shares during the last quarter. Public Employees Retirement Association of Colorado lifted its position in People’s United Financial by 9.9% in the second quarter. Public Employees Retirement Association of Colorado now owns 10,771 shares of the bank’s stock valued at $190,000 after acquiring an additional 968 shares during the last quarter. Finally, Franklin Resources Inc. purchased a new stake in People’s United Financial in the second quarter valued at $193,000. 76.90% of the stock is owned by institutional investors and hedge funds.

In other People’s United Financial news, insider Sara M. Longobardi sold 43,450 shares of People’s United Financial stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $18.68, for a total value of $811,646.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Mark W. Richards sold 26,732 shares of People’s United Financial stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $18.89, for a total transaction of $504,967.48. Following the completion of the transaction, the director now owns 332,668 shares in the company, valued at $6,284,098.52. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 381,491 shares of company stock worth $7,173,247. 2.70% of the stock is currently owned by company insiders.

TRADEMARK VIOLATION WARNING: This piece was reported by Watch List News and is the sole property of of Watch List News. If you are accessing this piece on another domain, it was stolen and reposted in violation of US and international copyright and trademark law. The original version of this piece can be accessed at https://www.watchlistnews.com/macquarie-group-ltd-has-152000-holdings-in-peoples-united-financial-inc-pbct/1677582.html.

PBCT has been the subject of a number of research reports. Zacks Investment Research cut shares of People’s United Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. Piper Jaffray Companies reissued a “sell” rating and issued a $16.00 price target on shares of People’s United Financial in a research report on Wednesday, October 4th. Morgan Stanley reissued an “equal weight” rating and issued a $17.75 price target (up from $17.50) on shares of People’s United Financial in a research report on Friday, July 7th. BidaskClub cut shares of People’s United Financial from a “sell” rating to a “strong sell” rating in a research report on Monday, July 24th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $19.00 price target on shares of People’s United Financial in a research report on Friday, August 18th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the stock. People’s United Financial has a consensus rating of “Hold” and an average price target of $19.08.

People’s United Financial, Inc. (PBCT) opened at $18.49 on Friday. The company has a market cap of $6.42 billion, a P/E ratio of 19.40, a price-to-earnings-growth ratio of 9.46 and a beta of 0.85. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.98 and a current ratio of 0.98.

People’s United Financial (NASDAQ:PBCT) last posted its quarterly earnings data on Thursday, October 19th. The bank reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. The company had revenue of $373.90 million for the quarter, compared to analyst estimates of $374.59 million. People’s United Financial had a net margin of 19.32% and a return on equity of 6.28%. People’s United Financial’s quarterly revenue was up 11.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.24 earnings per share. research analysts forecast that People’s United Financial, Inc. will post 0.98 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st will be paid a $0.1725 dividend. The ex-dividend date is Tuesday, October 31st. This represents a $0.69 dividend on an annualized basis and a yield of 3.73%. People’s United Financial’s dividend payout ratio is presently 75.83%.

People’s United Financial 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.

Want to see what other hedge funds are holding PBCT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for People’s United Financial, Inc. (NASDAQ:PBCT).

Institutional Ownership by Quarter for People`s United Financial (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.