Keybank National Association OH trimmed its stake in shares of People’s United Financial, Inc. (NASDAQ:PBCT) by 17.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,140 shares of the bank’s stock after selling 5,568 shares during the quarter. Keybank National Association OH’s holdings in People’s United Financial were worth $377,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the business. Private Advisor Group LLC raised its holdings in shares of People’s United Financial by 46.9% in the 3rd quarter. Private Advisor Group LLC now owns 29,812 shares of the bank’s stock worth $510,000 after purchasing an additional 9,522 shares in the last quarter. Morgan Stanley raised its holdings in shares of People’s United Financial by 22.9% in the 3rd quarter. Morgan Stanley now owns 2,494,820 shares of the bank’s stock worth $42,711,000 after purchasing an additional 464,448 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of People’s United Financial in the 3rd quarter worth approximately $299,000. DekaBank Deutsche Girozentrale raised its holdings in shares of People’s United Financial by 48.3% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 63,489 shares of the bank’s stock worth $1,205,000 after purchasing an additional 20,688 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its holdings in shares of People’s United Financial by 7.4% in the 3rd quarter. State of Alaska Department of Revenue now owns 117,270 shares of the bank’s stock worth $2,006,000 after purchasing an additional 8,066 shares in the last quarter. Institutional investors own 73.92% of the company’s stock.

In other news, Director Mark W. Richards sold 6,800 shares of People’s United Financial stock in a transaction that occurred on Thursday, January 24th. The shares were sold at an average price of $16.43, for a total value of $111,724.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP David K. Norton sold 32,163 shares of People’s United Financial stock in a transaction that occurred on Wednesday, December 19th. The stock was sold at an average price of $14.89, for a total transaction of $478,907.07. The disclosure for this sale can be found here. Company insiders own 2.50% of the company’s stock.

A number of research firms recently commented on PBCT. BidaskClub upgraded shares of People’s United Financial from a “hold” rating to a “buy” rating in a report on Friday, January 25th. Barclays reiterated a “hold” rating and issued a $19.00 target price on shares of People’s United Financial in a report on Sunday, January 20th. ValuEngine upgraded shares of People’s United Financial from a “sell” rating to a “hold” rating in a report on Saturday, January 19th. Wells Fargo & Co reiterated a “hold” rating on shares of People’s United Financial in a report on Thursday, January 3rd. Finally, FIG Partners began coverage on shares of People’s United Financial in a report on Thursday, December 20th. They issued an “outperform” rating on the stock. Seven investment 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 a consensus price target of $19.92.

People’s United Financial stock opened at $16.97 on Tuesday. The company has a market capitalization of $6.35 billion, a PE ratio of 12.95, a PEG ratio of 5.99 and a beta of 1.13. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.52. People’s United Financial, Inc. has a fifty-two week low of $13.66 and a fifty-two week high of $20.26.

People’s United Financial (NASDAQ:PBCT) last released its earnings results on Thursday, January 17th. The bank reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.02. The business had revenue of $428.20 million for the quarter, compared to the consensus estimate of $432.25 million. People’s United Financial had a net margin of 24.34% and a return on equity of 8.11%. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period last year, the firm posted $0.31 earnings per share. On average, equities research analysts predict that People’s United Financial, Inc. will post 1.4 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, February 15th. Stockholders of record on Friday, February 1st will be given a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 4.12%. The ex-dividend date is Thursday, January 31st. People’s United Financial’s dividend payout ratio (DPR) is currently 53.44%.

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About People’s United Financial

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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