Epoch Investment Partners Inc. lifted its stake in shares of People’s United Financial, Inc. (NASDAQ:PBCT) by 2.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,853,746 shares of the bank’s stock after buying an additional 178,440 shares during the period. Epoch Investment Partners Inc. owned about 2.33% of People’s United Financial worth $138,697,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its position in shares of People’s United Financial by 11.1% during the second quarter. Dimensional Fund Advisors LP now owns 9,215,243 shares of the bank’s stock valued at $162,743,000 after buying an additional 923,949 shares during the last quarter. Hancock Holding Co. boosted its position in shares of People’s United Financial by 14.4% during the second quarter. Hancock Holding Co. now owns 67,205 shares of the bank’s stock valued at $1,186,000 after buying an additional 8,460 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of People’s United Financial by 68.3% during the second quarter. Renaissance Technologies LLC now owns 1,274,586 shares of the bank’s stock valued at $22,509,000 after buying an additional 517,377 shares during the last quarter. Parametric Portfolio Associates LLC boosted its position in shares of People’s United Financial by 23.2% during the second quarter. Parametric Portfolio Associates LLC now owns 1,402,266 shares of the bank’s stock valued at $24,764,000 after buying an additional 264,362 shares during the last quarter. Finally, Advisor Group Inc. boosted its position in shares of People’s United Financial by 5.3% during the second quarter. Advisor Group Inc. now owns 140,529 shares of the bank’s stock valued at $2,479,000 after buying an additional 7,071 shares during the last quarter. 77.28% of the stock is currently owned by institutional investors.

People’s United Financial (NASDAQ:PBCT) last issued its earnings results on Thursday, July 20th. The bank reported $0.19 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.04). People’s United Financial had a net margin of 18.88% and a return on equity of 6.14%. The business had revenue of $366.50 million for the quarter, compared to analysts’ expectations of $357.16 million. During the same quarter in the prior year, the business posted $0.23 earnings per share. The business’s revenue for the quarter was up 10.0% on a year-over-year basis.

In other People’s United Financial news, insider Jeffrey Hoyt sold 6,759 shares of the stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $17.98, for a total transaction of $121,526.82. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Janet M. Hansen sold 12,000 shares of the stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $17.14, for a total value of $205,680.00. Following the sale, the director now owns 145,707 shares in the company, valued at $2,497,417.98. The disclosure for this sale can be found here. Company insiders own 2.70% of the company’s stock.

Several brokerages recently issued reports on PBCT. Zacks Investment Research raised People’s United Financial from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a research report on Tuesday, September 19th. Piper Jaffray Companies set a $16.00 target price on People’s United Financial and gave the company a “sell” rating in a research report on Thursday, August 17th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $19.00 target price on shares of People’s United Financial in a research report on Friday, June 9th. Jefferies Group LLC reaffirmed a “hold” rating and set a $19.00 target price on shares of People’s United Financial in a research report on Friday, August 18th. Finally, BidaskClub raised People’s United Financial from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 10th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $18.38.

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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.

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

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