Nordea Investment Management AB raised its position in People’s United Financial, Inc. (NASDAQ:PBCT) by 19.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 86,804 shares of the bank’s stock after acquiring an additional 14,011 shares during the period. Nordea Investment Management AB’s holdings in People’s United Financial were worth $1,253,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Oppenheimer Asset Management Inc. acquired a new position in People’s United Financial in the 4th quarter valued at approximately $28,000. First Hawaiian Bank grew its stake in shares of People’s United Financial by 462.5% in the 4th quarter. First Hawaiian Bank now owns 2,025 shares of the bank’s stock valued at $29,000 after purchasing an additional 1,665 shares during the period. Ipswich Investment Management Co. Inc. bought a new stake in shares of People’s United Financial in the 4th quarter valued at approximately $41,000. Oregon Public Employees Retirement Fund grew its stake in shares of People’s United Financial by 1,456.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 586,724 shares of the bank’s stock valued at $41,000 after purchasing an additional 549,017 shares during the period. Finally, CSat Investment Advisory L.P. grew its stake in shares of People’s United Financial by 64.0% in the 4th quarter. CSat Investment Advisory L.P. now owns 2,835 shares of the bank’s stock valued at $41,000 after purchasing an additional 1,106 shares during the period. 77.50% of the stock is owned by hedge funds and other institutional investors.

PBCT has been the topic of several analyst reports. BidaskClub upgraded People’s United Financial from a “sell” rating to a “hold” rating in a research note on Friday, January 4th. Zacks Investment Research lowered People’s United Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th. ValuEngine lowered People’s United Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th. Wells Fargo & Co reiterated a “hold” rating on shares of People’s United Financial in a research note on Thursday, January 3rd. Finally, FIG Partners initiated coverage on People’s United Financial in a research note on Thursday, December 20th. They issued an “outperform” rating on the stock. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $19.70.

In related news, Director Mark W. Richards sold 6,800 shares of the stock in a transaction that occurred on Thursday, January 24th. The stock was sold at an average price of $16.43, for a total transaction of $111,724.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jerry Franklin sold 4,800 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $17.99, for a total value of $86,352.00. Following the sale, the director now owns 93,317 shares in the company, valued at $1,678,772.83. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 165,219 shares of company stock worth $2,932,690. 2.50% of the stock is owned by corporate insiders.

PBCT stock opened at $16.81 on Thursday. People’s United Financial, Inc. has a 1-year low of $13.66 and a 1-year high of $19.37. The company has a market capitalization of $6.32 billion, a PE ratio of 12.83, a P/E/G ratio of 5.99 and a beta of 1.16. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.96 and a current ratio of 0.96.

People’s United Financial (NASDAQ:PBCT) last released its quarterly earnings data on Thursday, January 17th. The bank reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.02. The company had revenue of $428.20 million for the quarter, compared to analyst estimates of $432.25 million. People’s United Financial had a return on equity of 8.11% and a net margin of 24.34%. The company’s revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.31 EPS. Analysts forecast that People’s United Financial, Inc. will post 1.39 earnings per share for the current year.

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About People’s United Financial

People's United Financial, Inc operates as the bank holding company for People's United Bank, National Association that provides commercial banking, retail banking, and wealth management services to individual, corporate, and municipal customers. The company operates in two segments, Commercial Banking and Retail Banking.

See Also: Balanced Fund

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

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