Jane Street Group LLC Purchases Shares of 27,691 People’s United Financial, Inc. (PBCT)

Jane Street Group LLC purchased a new stake in shares of People’s United Financial, Inc. (NASDAQ:PBCT) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 27,691 shares of the bank’s stock, valued at approximately $517,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. United Capital Financial Advisers LLC lifted its holdings in People’s United Financial by 10.0% during the 1st quarter. United Capital Financial Advisers LLC now owns 104,077 shares of the bank’s stock worth $1,942,000 after purchasing an additional 9,454 shares in the last quarter. A.R.T. Advisors LLC lifted its holdings in People’s United Financial by 22.7% during the 1st quarter. A.R.T. Advisors LLC now owns 52,353 shares of the bank’s stock worth $976,000 after purchasing an additional 9,700 shares in the last quarter. Crawford Investment Counsel Inc. lifted its holdings in People’s United Financial by 4.7% during the 1st quarter. Crawford Investment Counsel Inc. now owns 3,146,905 shares of the bank’s stock worth $58,721,000 after purchasing an additional 142,424 shares in the last quarter. Achmea Investment Management B.V. purchased a new stake in People’s United Financial during the 1st quarter worth about $717,000. Finally, Lord Abbett & CO. LLC lifted its holdings in People’s United Financial by 14.1% during the 1st quarter. Lord Abbett & CO. LLC now owns 650,500 shares of the bank’s stock worth $12,138,000 after purchasing an additional 80,600 shares in the last quarter. 77.05% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ PBCT opened at $18.16 on Friday. The stock has a market capitalization of $6.31 billion, a price-to-earnings ratio of 17.46, a price-to-earnings-growth ratio of 7.07 and a beta of 0.92. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.96 and a current ratio of 0.96. People’s United Financial, Inc. has a twelve month low of $15.97 and a twelve month high of $20.26.

People’s United Financial (NASDAQ:PBCT) last announced its earnings results on Thursday, April 19th. The bank reported $0.30 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.30. The business had revenue of $386.20 million for the quarter, compared to analyst estimates of $398.69 million. People’s United Financial had a return on equity of 7.16% and a net margin of 21.64%. The company’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.22 EPS. research analysts forecast that People’s United Financial, Inc. will post 1.28 EPS for the current fiscal year.

A number of analysts recently issued reports on PBCT shares. Zacks Investment Research cut People’s United Financial from a “buy” rating to a “hold” rating in a report on Wednesday, May 16th. BidaskClub raised People’s United Financial from a “sell” rating to a “hold” rating in a report on Friday, May 4th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $21.50 price objective on shares of People’s United Financial in a report on Thursday, April 19th. UBS Group started coverage on People’s United Financial in a report on Thursday, March 22nd. They set a “neutral” rating and a $21.00 price objective on the stock. Finally, ValuEngine cut People’s United Financial from a “hold” rating to a “sell” rating in a report on Wednesday. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $19.38.

In other news, Director Mark W. Richards sold 4,000 shares of the stock in a transaction dated Thursday, May 17th. The stock was sold at an average price of $18.71, for a total transaction of $74,840.00. Following the transaction, the director now directly owns 13,758 shares in the company, valued at approximately $257,412.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Sara M. Longobardi sold 73,324 shares of the stock in a transaction dated Tuesday, May 8th. The shares were sold at an average price of $18.33, for a total value of $1,344,028.92. Following the transaction, the insider now owns 134,525 shares in the company, valued at $2,465,843.25. The disclosure for this sale can be found here. 2.50% of the stock is owned by corporate insiders.

People’s United Financial Profile

People's United Financial, Inc operates as the bank holding company for People's United Bank, National Association that provides commercial banking, retail banking, and wealth management services to individual, corporate, and municipal customers. The company operates in 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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