Raymond James Financial Services Advisors Inc. raised its stake in People’s United Financial, Inc. (NASDAQ:PBCT) by 13.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 183,469 shares of the bank’s stock after purchasing an additional 21,619 shares during the period. Raymond James Financial Services Advisors Inc. owned 0.05% of People’s United Financial worth $3,328,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in PBCT. Janus Henderson Group PLC increased its holdings in shares of People’s United Financial by 9,587.6% in the second quarter. Janus Henderson Group PLC now owns 4,212,281 shares of the bank’s stock valued at $74,389,000 after purchasing an additional 4,168,800 shares during the last quarter. State Street Corp increased its holdings in shares of People’s United Financial by 6.2% in the second quarter. State Street Corp now owns 39,968,330 shares of the bank’s stock valued at $705,843,000 after purchasing an additional 2,316,636 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of People’s United Financial by 5.9% in the second quarter. Vanguard Group Inc. now owns 34,847,557 shares of the bank’s stock valued at $615,409,000 after purchasing an additional 1,945,556 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of People’s United Financial by 11.1% in the second quarter. Dimensional Fund Advisors LP now owns 9,215,243 shares of the bank’s stock valued at $162,743,000 after purchasing an additional 923,949 shares during the last quarter. Finally, W. E. Donoghue & Co. LLC acquired a new position in shares of People’s United Financial in the second quarter valued at $16,141,000. Hedge funds and other institutional investors own 76.39% of the company’s stock.

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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 transaction, the director now owns 145,707 shares of the company’s stock, valued at $2,497,417.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO John P. Barnes sold 299,309 shares of the stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $18.88, for a total transaction of $5,650,953.92. Following the completion of the transaction, the chief executive officer now directly owns 383,140 shares of the company’s stock, valued at approximately $7,233,683.20. The disclosure for this sale can be found here. Insiders have sold 381,491 shares of company stock valued at $7,173,247 in the last ninety days. 2.70% of the stock is currently owned by company insiders.

PBCT has been the topic of several research reports. Piper Jaffray Companies set a $16.00 price target on shares of People’s United Financial and gave the company a “sell” rating in a research note on Thursday, August 17th. Jefferies Group LLC restated a “hold” rating and issued a $19.00 price target on shares of People’s United Financial in a research note on Friday, August 18th. Finally, Zacks Investment Research upgraded shares of People’s United Financial from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research note on Tuesday, September 5th. Three research 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’s stock. People’s United Financial has an average rating of “Hold” and a consensus price target of $19.08.

Shares of People’s United Financial, Inc. (NASDAQ:PBCT) opened at $18.20 on Friday. People’s United Financial, Inc. has a 52-week low of $15.97 and a 52-week high of $20.13. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market cap of $6,301.78, a PE ratio of 18.96, a P/E/G ratio of 9.25 and a beta of 0.85.

People’s United Financial (NASDAQ:PBCT) last posted 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 business had revenue of $373.90 million during the quarter, compared to analysts’ expectations of $374.59 million. During the same quarter in the prior year, the business posted $0.24 earnings per share. People’s United Financial’s revenue was up 11.2% compared to the same quarter last year. analysts expect that People’s United Financial, Inc. will post 0.98 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st were given a dividend of $0.1725 per share. The ex-dividend date was Tuesday, October 31st. This represents a $0.69 annualized dividend and a yield of 3.79%. People’s United Financial’s dividend payout ratio is 75.83%.

About People’s United Financial

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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