Parametric Portfolio Associates LLC Raises Position in People's United Financial, Inc. (PBCT)

Parametric Portfolio Associates LLC increased its holdings in People's United Financial, Inc. (NASDAQ:PBCT) by 16.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,586,436 shares of the bank’s stock after acquiring an additional 218,694 shares during the quarter. Parametric Portfolio Associates LLC owned about 0.46% of People's United Financial worth $28,778,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Steward Partners Investment Advisory LLC bought a new position in shares of People's United Financial in the 3rd quarter worth about $416,000. IFM Investors Pty Ltd increased its stake in People's United Financial by 35.0% during the 3rd quarter. IFM Investors Pty Ltd now owns 26,792 shares of the bank’s stock valued at $486,000 after purchasing an additional 6,949 shares in the last quarter. Ameritas Investment Partners Inc. increased its stake in People's United Financial by 6.9% during the 3rd quarter. Ameritas Investment Partners Inc. now owns 67,141 shares of the bank’s stock valued at $1,206,000 after purchasing an additional 4,315 shares in the last quarter. California Public Employees Retirement System increased its stake in People's United Financial by 2.2% during the 3rd quarter. California Public Employees Retirement System now owns 1,083,111 shares of the bank’s stock valued at $19,648,000 after purchasing an additional 23,383 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in People's United Financial by 5.2% during the 3rd quarter. Janney Montgomery Scott LLC now owns 241,836 shares of the bank’s stock valued at $4,387,000 after purchasing an additional 12,052 shares in the last quarter. Institutional investors own 75.52% of the company’s stock.

Shares of People's United Financial, Inc. (NASDAQ:PBCT) opened at $18.92 on Friday. The firm has a market cap of $6,510.00, a PE ratio of 20.79, a price-to-earnings-growth ratio of 9.56 and a beta of 0.85. 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 12 month low of $15.97 and a 12 month high of $19.85.

People's United Financial (NASDAQ:PBCT) last announced its quarterly earnings results on Thursday, October 19th. The bank reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. The firm had revenue of $373.90 million for the quarter, compared to the consensus estimate of $374.59 million. People's United Financial had a net margin of 19.32% and a return on equity of 6.28%. The business’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.24 EPS. equities research analysts predict that People's United Financial, Inc. will post 1 earnings per share for the current year.

PBCT has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of People's United Financial from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research note on Tuesday, September 5th. Piper Jaffray Companies restated a “sell” rating and set a $16.00 price objective on shares of People's United Financial in a research note on Wednesday, October 4th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. People's United Financial presently has a consensus rating of “Hold” and an average target price of $19.09.

In other news, VP David K. Norton sold 108,194 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $19.22, for a total transaction of $2,079,488.68. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Sara M. Longobardi sold 43,450 shares of the firm’s 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 ninety days, insiders have sold 724,338 shares of company stock worth $13,796,084. Insiders own 2.70% of the company’s stock.

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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.

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

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