People’s United Financial, Inc. (PBCT) Stake Raised by Hsbc Holdings PLC

Hsbc Holdings PLC grew its position in shares of People’s United Financial, Inc. (NASDAQ:PBCT) by 32.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 381,623 shares of the bank’s stock after purchasing an additional 94,222 shares during the period. Hsbc Holdings PLC’s holdings in People’s United Financial were worth $5,506,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Advisor Partners LLC grew its holdings in shares of People’s United Financial by 4.9% during the fourth quarter. Advisor Partners LLC now owns 12,996 shares of the bank’s stock valued at $188,000 after buying an additional 608 shares during the last quarter. World Asset Management Inc grew its holdings in shares of People’s United Financial by 3.1% during the fourth quarter. World Asset Management Inc now owns 21,873 shares of the bank’s stock valued at $316,000 after buying an additional 651 shares during the last quarter. Public Employees Retirement Association of Colorado grew its holdings in shares of People’s United Financial by 2.0% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 37,300 shares of the bank’s stock valued at $538,000 after buying an additional 740 shares during the last quarter. Cornerstone Advisors Inc. grew its holdings in shares of People’s United Financial by 32.4% during the fourth quarter. Cornerstone Advisors Inc. now owns 3,809 shares of the bank’s stock valued at $55,000 after buying an additional 933 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its holdings in shares of People’s United Financial by 7.9% during the fourth quarter. Daiwa Securities Group Inc. now owns 15,099 shares of the bank’s stock valued at $218,000 after buying an additional 1,100 shares during the last quarter. Hedge funds and other institutional investors own 76.96% of the company’s stock.

In other People’s United Financial news, Director Jerry Franklin sold 4,800 shares of People’s United Financial stock in a transaction on Monday, March 4th. The shares were sold at an average price of $17.99, for a total value of $86,352.00. Following the completion of the transaction, the director now directly owns 93,317 shares of the company’s stock, valued at approximately $1,678,772.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mark W. Richards sold 6,800 shares of People’s United Financial stock in a transaction on Thursday, January 24th. The stock was sold at an average price of $16.43, for a total transaction of $111,724.00. The disclosure for this sale can be found here. Insiders have sold 197,382 shares of company stock valued at $3,411,597 over the last ninety days. 2.50% of the stock is currently owned by corporate insiders.



PBCT has been the topic of a number of research analyst reports. BidaskClub downgraded shares of People’s United Financial from a “hold” rating to a “sell” rating in a research report on Friday, January 11th. ValuEngine upgraded shares of People’s United Financial from a “sell” rating to a “hold” rating in a research report on Saturday, January 19th. Barclays restated a “hold” rating and set a $19.00 price objective on shares of People’s United Financial in a research report on Sunday, January 20th. Wells Fargo & Co restated a “hold” rating on shares of People’s United Financial in a research report on Thursday, January 3rd. Finally, FIG Partners initiated coverage on shares of People’s United Financial in a research report on Thursday, December 20th. They set an “outperform” rating on the stock. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. People’s United Financial presently has a consensus rating of “Hold” and an average target price of $19.92.

PBCT opened at $17.47 on Friday. The firm has a market cap of $6.55 billion, a P/E ratio of 13.34, a P/E/G ratio of 6.20 and a beta of 1.18. People’s United Financial, Inc. has a fifty-two week low of $13.66 and a fifty-two week high of $20.08. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.96 and a quick ratio of 0.96.

People’s United Financial (NASDAQ:PBCT) last posted its earnings results on Thursday, January 17th. The bank reported $0.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.02. The company had revenue of $428.20 million during the quarter, compared to analysts’ expectations of $432.25 million. People’s United Financial had a net margin of 24.34% and a return on equity of 8.11%. People’s United Financial’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period last year, the company posted $0.31 earnings per share. As a group, research analysts predict that People’s United Financial, Inc. will post 1.4 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, February 15th. Investors of record on Friday, February 1st were paid a dividend of $0.175 per share. The ex-dividend date of this dividend was Thursday, January 31st. This represents a $0.70 annualized dividend and a yield of 4.01%. People’s United Financial’s payout ratio is 53.44%.

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People’s United Financial Company 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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