Universal Beteiligungs und Servicegesellschaft mbH Has $5.43 Million Holdings in First Citizens BancShares, Inc. $FCNCA

Universal Beteiligungs und Servicegesellschaft mbH lifted its position in shares of First Citizens BancShares, Inc. (NASDAQ:FCNCA) by 11.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,773 shares of the bank’s stock after purchasing an additional 289 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in First Citizens BancShares were worth $5,425,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FCNCA. Malaga Cove Capital LLC bought a new stake in First Citizens BancShares during the first quarter worth about $714,000. Royal Bank of Canada increased its holdings in First Citizens BancShares by 14.2% in the 1st quarter. Royal Bank of Canada now owns 5,465 shares of the bank’s stock valued at $10,134,000 after buying an additional 680 shares during the period. Generate Investment Management Ltd acquired a new position in shares of First Citizens BancShares in the 2nd quarter valued at approximately $6,584,000. National Bank of Canada FI lifted its holdings in shares of First Citizens BancShares by 59.5% during the 1st quarter. National Bank of Canada FI now owns 2,463 shares of the bank’s stock worth $4,566,000 after acquiring an additional 919 shares during the period. Finally, Sculptor Capital LP boosted its position in shares of First Citizens BancShares by 16.0% during the 1st quarter. Sculptor Capital LP now owns 41,463 shares of the bank’s stock worth $76,877,000 after acquiring an additional 5,730 shares in the last quarter. 78.01% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Ellen R. Alemany bought 300 shares of the stock in a transaction that occurred on Thursday, November 13th. The stock was acquired at an average cost of $1,000.00 per share, with a total value of $300,000.00. Following the transaction, the director directly owned 300 shares in the company, valued at approximately $300,000. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 13.40% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have weighed in on FCNCA shares. Piper Sandler cut their target price on First Citizens BancShares from $2,150.00 to $2,000.00 and set a “neutral” rating for the company in a research note on Friday, October 24th. Raymond James Financial upgraded First Citizens BancShares from an “outperform” rating to a “strong-buy” rating and upped their price objective for the stock from $2,100.00 to $2,200.00 in a research report on Thursday. Wall Street Zen cut First Citizens BancShares from a “hold” rating to a “sell” rating in a research report on Sunday, September 28th. The Goldman Sachs Group lowered their target price on First Citizens BancShares from $2,250.00 to $1,950.00 and set a “buy” rating for the company in a research note on Monday, October 6th. Finally, Keefe, Bruyette & Woods reduced their price target on shares of First Citizens BancShares from $2,100.00 to $2,050.00 and set an “outperform” rating on the stock in a research note on Friday, October 24th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, First Citizens BancShares presently has an average rating of “Moderate Buy” and a consensus target price of $2,165.83.

First Citizens BancShares Stock Performance

NASDAQ:FCNCA opened at $1,868.49 on Friday. The stock has a market cap of $23.24 billion, a P/E ratio of 11.05 and a beta of 0.75. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.76. The stock’s 50-day moving average is $1,797.71 and its 200-day moving average is $1,893.03. First Citizens BancShares, Inc. has a 1-year low of $1,473.62 and a 1-year high of $2,412.93.

First Citizens BancShares (NASDAQ:FCNCA) last issued its quarterly earnings data on Thursday, October 23rd. The bank reported $44.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $41.51 by $3.11. First Citizens BancShares had a net margin of 15.99% and a return on equity of 11.06%. The business had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.21 billion. Equities research analysts anticipate that First Citizens BancShares, Inc. will post 167.59 earnings per share for the current year.

First Citizens BancShares Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 28th will be paid a $2.10 dividend. This is a positive change from First Citizens BancShares’s previous quarterly dividend of $1.95. This represents a $8.40 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Friday, November 28th. First Citizens BancShares’s payout ratio is presently 4.97%.

First Citizens BancShares Profile

First Citizens BancShares, Inc operates as the holding company for First-Citizens Bank & Trust Company that provides retail and commercial banking services to individuals, businesses, and professionals. The company's deposit products include checking, savings, money market, and time deposit accounts.