People's United Financial, Inc. (PBCT) Position Reduced by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec cut its position in shares of People's United Financial, Inc. (NASDAQ:PBCT) by 15.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 66,616 shares of the bank’s stock after selling 12,500 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in People's United Financial were worth $1,246,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. BlackRock Inc. increased its position in People's United Financial by 1.7% during the fourth quarter. BlackRock Inc. now owns 27,027,645 shares of the bank’s stock valued at $505,417,000 after acquiring an additional 447,723 shares during the last quarter. Wells Fargo & Company MN increased its position in People's United Financial by 3.1% during the fourth quarter. Wells Fargo & Company MN now owns 19,109,237 shares of the bank’s stock valued at $357,342,000 after acquiring an additional 567,940 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in People's United Financial by 1.2% during the third quarter. Dimensional Fund Advisors LP now owns 9,325,647 shares of the bank’s stock valued at $169,163,000 after purchasing an additional 110,404 shares during the period. Geode Capital Management LLC grew its holdings in People's United Financial by 5.7% during the fourth quarter. Geode Capital Management LLC now owns 4,114,715 shares of the bank’s stock valued at $76,800,000 after purchasing an additional 221,039 shares during the period. Finally, Great West Life Assurance Co. Can grew its holdings in People's United Financial by 9.9% during the third quarter. Great West Life Assurance Co. Can now owns 3,205,511 shares of the bank’s stock valued at $57,705,000 after purchasing an additional 289,177 shares during the period. 76.15% of the stock is currently owned by institutional investors and hedge funds.

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Several analysts have issued reports on PBCT shares. Barclays boosted their price target on People's United Financial from $18.00 to $20.00 and gave the company an “underweight” rating in a report on Tuesday, January 2nd. BidaskClub lowered People's United Financial from a “hold” rating to a “sell” rating in a research note on Saturday, January 6th. Zacks Investment Research lowered People's United Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, December 26th. ValuEngine raised People's United Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $23.00 price objective on shares of People's United Financial in a research report on Tuesday, February 27th. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $19.97.

In other People's United Financial news, VP Robert E. Trautmann sold 30,000 shares of People's United Financial stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $19.86, for a total transaction of $595,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John P. Barnes sold 22,000 shares of People's United Financial stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $19.10, for a total value of $420,200.00. Following the completion of the transaction, the insider now owns 120,842 shares of the company’s stock, valued at approximately $2,308,082.20. The disclosure for this sale can be found here. Insiders have sold a total of 75,127 shares of company stock valued at $1,472,533 in the last quarter. Company insiders own 2.50% of the company’s stock.

Shares of People's United Financial stock traded down $0.42 during trading on Friday, reaching $18.39. The company’s stock had a trading volume of 4,548,208 shares, compared to its average volume of 3,395,214. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.97 and a quick ratio of 0.97. The stock has a market capitalization of $6,383.39, a price-to-earnings ratio of 17.68, a PEG ratio of 7.17 and a beta of 0.88. People's United Financial, Inc. has a 1-year low of $15.97 and a 1-year high of $20.26.

People's United Financial (NASDAQ:PBCT) last issued its earnings results on Thursday, January 18th. The bank reported $0.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.04. The company had revenue of $379.60 million during the quarter, compared to analyst estimates of $392.70 million. People's United Financial had a return on equity of 6.69% and a net margin of 20.37%. During the same quarter last year, the business posted $0.25 EPS. equities research analysts anticipate that People's United Financial, Inc. will post 1.29 earnings per share for the current fiscal year.

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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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