Comerica Bank raised its stake in shares of People's United Financial, Inc. (NASDAQ:PBCT) by 0.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 75,599 shares of the company’s stock after buying an additional 621 shares during the period. Comerica Bank’s holdings in People's United Financial were worth $1,486,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Wells Fargo & Company MN raised its stake in shares of People's United Financial by 41.9% in the third quarter. Wells Fargo & Company MN now owns 14,623,420 shares of the company’s stock valued at $231,343,000 after buying an additional 4,320,486 shares during the period. BlackRock Fund Advisors raised its stake in shares of People's United Financial by 4.2% in the third quarter. BlackRock Fund Advisors now owns 9,785,005 shares of the company’s stock valued at $154,799,000 after buying an additional 391,770 shares during the period. BlackRock Institutional Trust Company N.A. raised its stake in shares of People's United Financial by 1.0% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 9,325,559 shares of the company’s stock valued at $147,530,000 after buying an additional 91,179 shares during the period. Epoch Investment Partners Inc. raised its stake in shares of People's United Financial by 2.1% in the third quarter. Epoch Investment Partners Inc. now owns 8,568,134 shares of the company’s stock valued at $135,548,000 after buying an additional 174,192 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of People's United Financial by 6.3% in the third quarter. Bank of New York Mellon Corp now owns 7,119,344 shares of the company’s stock valued at $112,627,000 after buying an additional 423,478 shares during the period. 80.80% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of People's United Financial, Inc. (NASDAQ:PBCT) opened at 18.64 on Tuesday. The stock has a 50 day moving average of $18.99 and a 200 day moving average of $17.91. The firm has a market cap of $5.76 billion, a P/E ratio of 20.31 and a beta of 0.83. People's United Financial, Inc. has a 52 week low of $13.80 and a 52 week high of $20.13.

People's United Financial (NASDAQ:PBCT) last released its quarterly earnings data on Thursday, January 19th. The company reported $0.24 EPS for the quarter, meeting the consensus estimate of $0.24. People's United Financial had a return on equity of 5.86% and a net margin of 19.12%. During the same period in the prior year, the firm posted $0.22 earnings per share. Analysts anticipate that People's United Financial, Inc. will post $0.96 earnings per share for the current fiscal year.

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PBCT has been the topic of several recent analyst reports. Sandler O’Neill downgraded shares of People's United Financial from a “hold” rating to a “sell” rating in a research note on Friday, December 2nd. FBR & Co upgraded shares of People's United Financial from an “underperform” rating to a “market perform” rating and boosted their target price for the company from $15.00 to $20.00 in a research note on Tuesday, December 20th. Stephens initiated coverage on shares of People's United Financial in a research note on Wednesday, December 21st. They issued an “equal weight” rating on the stock. JPMorgan Chase & Co. initiated coverage on shares of People's United Financial in a research note on Thursday, January 5th. They issued a “neutral” rating and a $20.50 target price on the stock. Finally, Wells Fargo & Co initiated coverage on shares of People's United Financial in a research note on Friday, January 6th. They issued a “market perform” rating on the stock. Three research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. People's United Financial currently has an average rating of “Hold” and a consensus price target of $17.25.

In other People's United Financial news, Director Richard M. Hoyt sold 100,000 shares of the firm’s stock in a transaction on Tuesday, January 24th. The stock was sold at an average price of $18.89, for a total transaction of $1,889,000.00. Following the completion of the sale, the director now owns 62,882 shares of the company’s stock, valued at approximately $1,187,840.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP David K. Norton sold 149,965 shares of the firm’s stock in a transaction on Tuesday, March 7th. The shares were sold at an average price of $19.24, for a total value of $2,885,326.60. Following the sale, the vice president now directly owns 276,891 shares of the company’s stock, valued at approximately $5,327,382.84. The disclosure for this sale can be found here. Insiders have sold a total of 292,768 shares of company stock valued at $5,590,175 in the last ninety days. Insiders own 2.90% of the company’s stock.

People's United Financial Company Profile

People’s United Financial, Inc (People’s United) is the bank holding company for People’s United Bank, National Association (the Bank). The principal business of the Company is to provide, through the Bank and its subsidiaries, commercial banking, retail banking and wealth management services to individual, corporate and municipal customers.

5 Day Chart for NASDAQ:PBCT

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