California State Teachers Retirement System Has $11.85 Million Holdings in People's United Financial, Inc. (PBCT)

California State Teachers Retirement System raised its stake in People's United Financial, Inc. (NASDAQ:PBCT) by 2.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 633,570 shares of the bank’s stock after buying an additional 16,093 shares during the period. California State Teachers Retirement System owned about 0.18% of People's United Financial worth $11,848,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Toronto Dominion Bank grew its position in shares of People's United Financial by 14.1% in the 4th quarter. Toronto Dominion Bank now owns 149,050 shares of the bank’s stock valued at $2,788,000 after buying an additional 18,431 shares during the last quarter. Wealthfront Inc. boosted its position in shares of People's United Financial by 16.0% during the 4th quarter. Wealthfront Inc. now owns 68,136 shares of the bank’s stock valued at $1,274,000 after purchasing an additional 9,407 shares in the last quarter. Deutsche Bank AG boosted its position in shares of People's United Financial by 4.4% during the 4th quarter. Deutsche Bank AG now owns 1,776,662 shares of the bank’s stock valued at $33,219,000 after purchasing an additional 75,382 shares in the last quarter. Iberiabank Corp boosted its position in shares of People's United Financial by 6.4% during the 3rd quarter. Iberiabank Corp now owns 285,985 shares of the bank’s stock valued at $5,188,000 after purchasing an additional 17,125 shares in the last quarter. Finally, Legal & General Group Plc boosted its position in shares of People's United Financial by 2.1% during the 3rd quarter. Legal & General Group Plc now owns 1,940,578 shares of the bank’s stock valued at $35,203,000 after purchasing an additional 39,215 shares in the last quarter. Hedge funds and other institutional investors own 76.12% of the company’s stock.

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Several equities research analysts recently commented on the company. Zacks Investment Research lowered People's United Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, February 13th. ValuEngine upgraded People's United Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. BidaskClub lowered People's United Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, January 30th. UBS assumed coverage on People's United Financial in a research report on Thursday. They set a “neutral” rating and a $21.00 target price on the stock. Finally, Sandler O’Neill set a $21.00 target price on People's United Financial and gave the company a “hold” rating in a research report on Thursday, January 18th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. People's United Financial has a consensus rating of “Hold” and a consensus target price of $19.97.

In other news, VP Robert E. Trautmann sold 30,000 shares of the stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $19.86, for a total value of $595,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Galan G. Daukas sold 5,612 shares of the stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $19.60, for a total value of $109,995.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 75,127 shares of company stock worth $1,472,533. 2.50% of the stock is owned by company insiders.

PBCT stock opened at $18.25 on Friday. People's United Financial, Inc. has a 52 week low of $15.97 and a 52 week high of $20.26. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.97 and a current ratio of 0.97. The firm has a market capitalization of $6,817.27, a P/E ratio of 18.81, a P/E/G ratio of 7.70 and a beta of 0.87.

People's United Financial (NASDAQ:PBCT) last posted its quarterly earnings results on Thursday, January 18th. The bank reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.04. People's United Financial had a return on equity of 6.69% and a net margin of 20.37%. The business had revenue of $379.60 million for the quarter, compared to the consensus estimate of $392.70 million. During the same period in the prior year, the business earned $0.25 EPS. analysts anticipate that People's United Financial, Inc. will post 1.28 earnings per share for the current year.

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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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