People’s United Financial, Inc. (NASDAQ:PBCT) Stake Maintained by GAM Holding AG

GAM Holding AG continued to hold its stake in shares of People’s United Financial, Inc. (NASDAQ:PBCT) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 16,255 shares of the bank’s stock at the close of the second quarter. GAM Holding AG’s holdings in People’s United Financial were worth $287,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Advisory Services Network LLC purchased a new stake in People’s United Financial during the 1st quarter valued at about $137,000. Daiwa Securities Group Inc. boosted its holdings in People’s United Financial by 19.2% during the 1st quarter. Daiwa Securities Group Inc. now owns 8,700 shares of the bank’s stock valued at $158,000 after acquiring an additional 1,400 shares during the period. Federated Investors Inc. PA boosted its holdings in People’s United Financial by 0.8% during the 2nd quarter. Federated Investors Inc. PA now owns 9,678 shares of the bank’s stock valued at $171,000 after acquiring an additional 80 shares during the period. Macquarie Group Ltd. boosted its holdings in People’s United Financial by 25.6% during the 4th quarter. Macquarie Group Ltd. now owns 9,800 shares of the bank’s stock valued at $189,000 after acquiring an additional 2,000 shares during the period. Finally, Public Employees Retirement Association of Colorado boosted its holdings in People’s United Financial by 9.9% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 10,771 shares of the bank’s stock valued at $190,000 after acquiring an additional 968 shares during the period. Hedge funds and other institutional investors own 77.02% of the company’s stock.

PBCT has been the subject of several analyst reports. Zacks Investment Research upgraded People’s United Financial from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a report on Tuesday, September 5th. Morgan Stanley upgraded People’s United Financial from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $16.50 to $17.50 in a research note on Monday, June 5th. They noted that the move was a valuation call. Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of People’s United Financial in a research report on Monday, July 10th. Jefferies Group LLC reissued a “hold” rating and issued a $19.00 target price on shares of People’s United Financial in a report on Friday, August 18th. Finally, BidaskClub upgraded 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 issued a hold rating and one has assigned a buy rating to the company’s stock. People’s United Financial presently has an average rating of “Hold” and an average target price of $18.38.

WARNING: “People’s United Financial, Inc. (NASDAQ:PBCT) Stake Maintained by GAM Holding AG” was first published by BBNS and is the property of of BBNS. If you are viewing this piece on another publication, it was copied illegally and reposted in violation of U.S. and international trademark & copyright legislation. The original version of this piece can be read at https://baseballnewssource.com/markets/gam-holding-ag-maintains-position-in-peoples-united-financial-inc-pbct/1600625.html.

In related news, insider Jeffrey Hoyt sold 6,759 shares of the business’s stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $17.98, for a total value of $121,526.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.70% of the stock is owned by insiders.

People’s United Financial, Inc. (PBCT) opened at 16.76 on Friday. The stock’s 50 day moving average price is $16.94 and its 200-day moving average price is $17.55. The company has a market cap of $5.66 billion, a PE ratio of 18.75 and a beta of 0.82. People’s United Financial, Inc. has a 1-year low of $15.28 and a 1-year high of $20.13.

People’s United Financial (NASDAQ:PBCT) last posted its quarterly earnings results on Thursday, July 20th. The bank reported $0.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.04). The business had revenue of $366.50 million during the quarter, compared to analyst estimates of $357.16 million. People’s United Financial had a return on equity of 6.14% and a net margin of 18.88%. The business’s revenue was up 10.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.23 EPS. On average, analysts forecast that People’s United Financial, Inc. will post $0.93 earnings per share for the current year.

About People’s United Financial

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)

Receive News & Ratings for People's United Financial Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for People's United Financial Inc. and related companies with our FREE daily email newsletter.

 


Latest News

New Home Run Record Reached in Major League Baseball
New Home Run Record Reached in Major League Baseball
Will 2017 MLB Season End with No 20-Game Winner?
Will 2017 MLB Season End with No 20-Game Winner?
Cleveland Indians Winning Streak Snapped at 22
Cleveland Indians Winning Streak Snapped at 22
Tigers Player Might Play All Nine Positions During Same Game
Tigers Player Might Play All Nine Positions During Same Game
Fans Kicked Out of Fenway Park After Racist Banner Hung on Green Monster
Fans Kicked Out of Fenway Park After Racist Banner Hung on Green Monster
Dodgers End Losing Streak at 11 Behind Ace Clayton Kershaw
Dodgers End Losing Streak at 11 Behind Ace Clayton Kershaw


Leave a Reply

 
© 2006-2017 BBNS.