Oppenheimer & Co. Inc. continued to hold its stake in First Citizens BancShares, Inc. (NASDAQ:FCNCA) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,100 shares of the bank’s stock at the close of the 2nd quarter. Oppenheimer & Co. Inc.’s holdings in First Citizens BancShares were worth $410,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently modified their holdings of FCNCA. First Citizens Bank & Trust Co. lifted its stake in First Citizens BancShares by 15.8% in the 2nd quarter. First Citizens Bank & Trust Co. now owns 6,225 shares of the bank’s stock valued at $2,320,000 after purchasing an additional 849 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in First Citizens BancShares by 146.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 7,088 shares of the bank’s stock valued at $2,643,000 after purchasing an additional 4,215 shares during the last quarter. Great West Life Assurance Co. Can lifted its stake in First Citizens BancShares by 2.5% in the 2nd quarter. Great West Life Assurance Co. Can now owns 178,110 shares of the bank’s stock valued at $66,185,000 after purchasing an additional 4,325 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in First Citizens BancShares by 7.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 66,462 shares of the bank’s stock valued at $24,771,000 after purchasing an additional 4,842 shares during the last quarter. Finally, Boston Partners lifted its stake in First Citizens BancShares by 3.4% in the 2nd quarter. Boston Partners now owns 86,935 shares of the bank’s stock valued at $32,401,000 after purchasing an additional 2,863 shares during the last quarter. 44.92% of the stock is owned by institutional investors.

Several equities analysts recently commented on FCNCA shares. BidaskClub raised shares of First Citizens BancShares from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. ValuEngine raised shares of First Citizens BancShares from a “hold” rating to a “buy” rating in a research note on Thursday, June 29th.

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In other First Citizens BancShares news, Vice Chairman Hope Holding Bryant sold 2,500 shares of First Citizens BancShares stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $340.00, for a total transaction of $850,000.00. Following the completion of the sale, the insider now directly owns 272,572 shares in the company, valued at $92,674,480. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Olivia Britton Holding sold 5,000 shares of First Citizens BancShares stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $366.26, for a total transaction of $1,831,300.00. Following the sale, the insider now owns 343,898 shares of the company’s stock, valued at $125,956,081.48. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,500 shares of company stock valued at $4,398,866. 19.38% of the stock is currently owned by company insiders.

First Citizens BancShares, Inc. (NASDAQ:FCNCA) opened at 338.37 on Friday. First Citizens BancShares, Inc. has a 52 week low of $276.48 and a 52 week high of $395.15. The company has a market cap of $4.06 billion, a P/E ratio of 13.26 and a beta of 1.07. The company has a 50-day moving average of $347.25 and a 200 day moving average of $349.97.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Monday, September 18th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, September 15th. This represents a $1.20 annualized dividend and a yield of 0.35%. First Citizens BancShares’s payout ratio is presently 4.70%.

About First Citizens BancShares

First Citizens BancShares, Inc (BancShares) is a holding company of First-Citizens Bank & Trust Company (FCB). As of December 31, 2016, BancShares operated in 21 states providing a range of financial services to individuals, businesses and professionals. FCB offers a range of retail and commercial banking services.

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Institutional Ownership by Quarter for First Citizens BancShares (NASDAQ:FCNCA)

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