Delta Lloyd Asset Management N.V. Purchases New Holdings in People’s United Financial, Inc. (PBCT)

Delta Lloyd Asset Management N.V. bought a new stake in shares of People’s United Financial, Inc. (NASDAQ:PBCT) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 34,413 shares of the bank’s stock, valued at approximately $608,000.

A number of other large investors have also recently bought and sold shares of PBCT. Advisory Services Network LLC purchased a new position in shares of People’s United Financial in the first quarter worth $137,000. Daiwa Securities Group Inc. raised its holdings in shares of People’s United Financial by 19.2% in the first quarter. Daiwa Securities Group Inc. now owns 8,700 shares of the bank’s stock worth $158,000 after buying an additional 1,400 shares during the last quarter. Federated Investors Inc. PA raised its holdings in shares of People’s United Financial by 0.8% in the second quarter. Federated Investors Inc. PA now owns 9,678 shares of the bank’s stock worth $171,000 after buying an additional 80 shares during the last quarter. Macquarie Group Ltd. raised its holdings in shares of People’s United Financial by 25.6% in the fourth quarter. Macquarie Group Ltd. now owns 9,800 shares of the bank’s stock worth $189,000 after buying an additional 2,000 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado raised its holdings in shares of People’s United Financial by 9.9% during the second quarter. Public Employees Retirement Association of Colorado now owns 10,771 shares of the bank’s stock worth $190,000 after purchasing an additional 968 shares during the last quarter. 77.28% of the stock is owned by institutional investors.

Several analysts recently commented on PBCT shares. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of People’s United Financial in a research report on Monday, July 10th. Zacks Investment Research downgraded shares of People’s United Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, June 20th. BidaskClub raised shares of People’s United Financial from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 10th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $17.75 price objective (up previously from $17.50) on shares of People’s United Financial in a report on Friday, July 7th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $18.38.

People’s United Financial, Inc. (NASDAQ PBCT) opened at 17.38 on Friday. The stock has a 50 day moving average of $16.90 and a 200 day moving average of $17.47. The firm has a market cap of $5.87 billion, a PE ratio of 19.44 and a beta of 0.82. People’s United Financial, Inc. has a one year low of $15.28 and a one year high of $20.13.

People’s United Financial (NASDAQ:PBCT) last announced 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). The business had revenue of $366.50 million for the quarter, compared to the consensus estimate of $357.16 million. People’s United Financial had a return on equity of 6.14% and a net margin of 18.88%. People’s United Financial’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.23 EPS. On average, equities analysts forecast that People’s United Financial, Inc. will post $0.93 earnings per share for the current year.

In other news, insider Jeffrey Hoyt sold 6,759 shares of the company’s 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 document filed with the SEC, which is accessible through the SEC website. Also, Director Janet M. Hansen sold 12,000 shares of the company’s 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 transaction, the director now directly owns 145,707 shares in the company, valued at approximately $2,497,417.98. The disclosure for this sale can be found here. Corporate insiders own 2.70% of the company’s stock.

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People’s United Financial Company 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.

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

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