Sumitomo Mitsui Trust Holdings Inc. cut its stake in shares of People's United Financial, Inc. (NASDAQ:PBCT) by 7.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,002,445 shares of the bank’s stock after selling 81,323 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.29% of People's United Financial worth $18,184,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of PBCT. FMR LLC boosted its stake in People's United Financial by 6.5% during the first quarter. FMR LLC now owns 163,803 shares of the bank’s stock worth $2,981,000 after acquiring an additional 10,015 shares in the last quarter. LS Investment Advisors LLC raised its holdings in People's United Financial by 8.5% during the second quarter. LS Investment Advisors LLC now owns 26,477 shares of the bank’s stock worth $468,000 after buying an additional 2,063 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in People's United Financial by 22.2% during the second quarter. Nisa Investment Advisors LLC now owns 110,253 shares of the bank’s stock worth $1,905,000 after buying an additional 20,000 shares during the last quarter. Louisiana State Employees Retirement System raised its holdings in People's United Financial by 1.4% during the second quarter. Louisiana State Employees Retirement System now owns 21,400 shares of the bank’s stock worth $378,000 after buying an additional 300 shares during the last quarter. Finally, Aperio Group LLC raised its holdings in People's United Financial by 2.1% during the second quarter. Aperio Group LLC now owns 245,622 shares of the bank’s stock worth $4,338,000 after buying an additional 5,102 shares during the last quarter. 76.39% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have weighed in on PBCT. Zacks Investment Research downgraded shares of People's United Financial from a “buy” rating to a “hold” rating in a report on Monday, October 30th. Piper Jaffray Companies restated a “sell” rating and set a $17.00 price objective 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 company. The stock currently has a consensus rating of “Hold” and an average target price of $19.08.

People's United Financial, Inc. (NASDAQ:PBCT) opened at $18.12 on Monday. 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, Inc. has a 1-year low of $15.97 and a 1-year high of $20.13. The firm has a market cap of $6,274.09, a price-to-earnings ratio of 18.88, a price-to-earnings-growth ratio of 9.20 and a beta of 0.85.

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

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st were issued a $0.1725 dividend. The ex-dividend date was Tuesday, October 31st. This represents a $0.69 annualized dividend and a dividend yield of 3.81%. People's United Financial’s dividend payout ratio is currently 75.83%.

In other news, Director Janet M. Hansen sold 12,000 shares of the stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $17.14, for a total value of $205,680.00. Following the completion of the sale, the director now owns 145,707 shares in the company, valued at $2,497,417.98. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Sara M. Longobardi sold 43,450 shares of the stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $18.68, for a total transaction of $811,646.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 381,491 shares of company stock valued at $7,173,247. 2.70% of the stock is currently owned by corporate insiders.

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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.

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

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