Inceptionr LLC Has $319,000 Stake in First Citizens BancShares, Inc. (NASDAQ:FCNCA)

Inceptionr LLC lessened its holdings in First Citizens BancShares, Inc. (NASDAQ:FCNCA) by 31.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 225 shares of the bank’s stock after selling 101 shares during the quarter. Inceptionr LLC’s holdings in First Citizens BancShares were worth $319,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in FCNCA. Vanguard Group Inc. lifted its stake in First Citizens BancShares by 1.7% in the 3rd quarter. Vanguard Group Inc. now owns 1,010,749 shares of the bank’s stock valued at $1,394,935,000 after purchasing an additional 17,142 shares during the last quarter. JPMorgan Chase & Co. increased its position in First Citizens BancShares by 5.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 262,267 shares of the bank’s stock worth $361,956,000 after purchasing an additional 13,658 shares in the last quarter. FMR LLC boosted its holdings in shares of First Citizens BancShares by 17.2% during the 3rd quarter. FMR LLC now owns 189,186 shares of the bank’s stock valued at $261,095,000 after acquiring an additional 27,729 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of First Citizens BancShares by 0.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 186,822 shares of the bank’s stock worth $265,120,000 after purchasing an additional 534 shares during the last quarter. Finally, Northern Trust Corp raised its stake in shares of First Citizens BancShares by 13.3% during the third quarter. Northern Trust Corp now owns 73,284 shares of the bank’s stock valued at $101,139,000 after acquiring an additional 8,624 shares during the last quarter. Institutional investors own 61.18% of the company’s stock.

Insider Activity at First Citizens BancShares

In other news, major shareholder Olivia Britton Holding bought 466 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was purchased at an average price of $1,315.00 per share, for a total transaction of $612,790.00. Following the completion of the purchase, the insider now owns 121,694 shares in the company, valued at approximately $160,027,610. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Director Ellen R. Alemany sold 1,000 shares of the business’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $1,766.24, for a total value of $1,766,240.00. Following the completion of the sale, the director now directly owns 2,335 shares of the company’s stock, valued at approximately $4,124,170.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Olivia Britton Holding purchased 466 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The shares were purchased at an average price of $1,315.00 per share, for a total transaction of $612,790.00. Following the purchase, the insider now directly owns 121,694 shares in the company, valued at $160,027,610. The disclosure for this purchase can be found here. In the last three months, insiders bought 1,388 shares of company stock worth $1,825,220 and sold 3,600 shares worth $6,209,022. 12.85% of the stock is currently owned by company insiders.

First Citizens BancShares Price Performance

Shares of FCNCA traded up $25.61 during mid-day trading on Thursday, hitting $1,747.45. 31,481 shares of the company were exchanged, compared to its average volume of 81,099. First Citizens BancShares, Inc. has a 1-year low of $1,181.71 and a 1-year high of $1,810.03. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.10 and a current ratio of 1.10. The company has a 50 day moving average of $1,625.49 and a 200-day moving average of $1,514.35. The stock has a market cap of $25.37 billion, a price-to-earnings ratio of 9.65 and a beta of 0.86.

First Citizens BancShares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, May 31st will be issued a $1.64 dividend. The ex-dividend date is Friday, May 31st. This represents a $6.56 annualized dividend and a dividend yield of 0.38%. First Citizens BancShares’s dividend payout ratio is currently 3.64%.

Wall Street Analyst Weigh In

FCNCA has been the subject of a number of analyst reports. Barclays increased their price target on First Citizens BancShares from $1,850.00 to $1,950.00 and gave the company an “equal weight” rating in a research report on Friday, April 26th. The Goldman Sachs Group started coverage on First Citizens BancShares in a report on Thursday, March 21st. They set a “buy” rating and a $1,950.00 price objective for the company. UBS Group boosted their target price on First Citizens BancShares from $1,644.00 to $1,754.00 and gave the company a “buy” rating in a research note on Tuesday, January 30th. StockNews.com upgraded First Citizens BancShares from a “sell” rating to a “hold” rating in a research note on Monday, April 29th. Finally, Wedbush reiterated an “outperform” rating and issued a $1,800.00 price objective on shares of First Citizens BancShares in a research note on Monday, January 29th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $1,829.90.

First Citizens BancShares Company Profile

First Citizens BancShares, Inc operates as the holding company for First-Citizens Bank & Trust Company that provides retail and commercial banking services to individuals, businesses, and professionals. The company's deposit products include checking, savings, money market, and time deposit accounts.