Nomura Asset Management Co. Ltd. decreased its stake in shares of People’s United Financial, Inc. (NASDAQ:PBCT) by 4.0% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 40,600 shares of the bank’s stock after selling 1,700 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in People’s United Financial were worth $739,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of PBCT. Mn Services Vermogensbeheer B.V. boosted its position in shares of People’s United Financial by 5.1% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 8,076 shares of the bank’s stock valued at $137,000 after buying an additional 394 shares during the period. Advisory Services Network LLC purchased a new position in shares of People’s United Financial during the first quarter valued at about $137,000. Daiwa Securities Group Inc. boosted its position in shares of People’s United Financial by 19.2% in the first quarter. Daiwa Securities Group Inc. now owns 8,700 shares of the bank’s stock valued at $158,000 after buying an additional 1,400 shares during the period. Federated Investors Inc. PA purchased a new position in shares of People’s United Financial during the fourth quarter valued at about $184,000. Finally, Macquarie Group Ltd. boosted its position in shares of People’s United Financial by 25.6% in the fourth quarter. Macquarie Group Ltd. now owns 9,800 shares of the bank’s stock valued at $189,000 after buying an additional 2,000 shares during the period. Institutional investors own 76.48% of the company’s stock.

People’s United Financial, Inc. (PBCT) opened at 17.79 on Monday. The firm has a market capitalization of $5.52 billion, a PE ratio of 19.19 and a beta of 0.82. The company has a 50 day moving average price of $17.15 and a 200-day moving average price of $18.27. People’s United Financial, Inc. has a one year low of $14.79 and a one year high of $20.13.

People’s United Financial (NASDAQ:PBCT) last posted its quarterly earnings results on Thursday, April 20th. The bank reported $0.22 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.22. The company had revenue of $342.80 million for the quarter, compared to the consensus estimate of $336.29 million. People’s United Financial had a return on equity of 5.98% and a net margin of 19.46%. The firm’s quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.21 EPS. On average, equities analysts predict that People’s United Financial, Inc. will post $0.95 EPS for the current year.

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Several equities analysts have recently issued reports on the company. BidaskClub upgraded People’s United Financial from a “strong sell” rating to a “sell” rating in a research report on Friday, June 30th. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of People’s United Financial in a research report on Tuesday, May 9th. Zacks Investment Research upgraded People’s United Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. Finally, Morgan Stanley upgraded People’s United Financial from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $16.50 to $17.50 in a research report on Monday, June 5th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. The company has a consensus rating of “Hold” and an average target price of $18.25.

In other news, Director Jerry Franklin sold 4,520 shares of the stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $16.72, for a total value of $75,574.40. Following the transaction, the director now owns 97,249 shares of the company’s stock, valued at approximately $1,626,003.28. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Robert E. Trautmann sold 118,836 shares of the stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $17.08, for a total value of $2,029,718.88. Following the completion of the transaction, the vice president now directly owns 70,323 shares in the company, valued at approximately $1,201,116.84. The disclosure for this sale can be found here. Corporate insiders own 2.70% of the company’s stock.

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.

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

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