First Citizens BancShares Inc. (FCNCA) Shares Bought by Cornerstone Capital Management Holdings LLC.

Cornerstone Capital Management Holdings LLC. boosted its stake in First Citizens BancShares Inc. (NASDAQ:FCNCA) by 5.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 7,425 shares of the bank’s stock after acquiring an additional 400 shares during the quarter. Cornerstone Capital Management Holdings LLC.’s holdings in First Citizens BancShares were worth $2,992,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. boosted its stake in First Citizens BancShares by 27.0% during the 3rd quarter. Principal Financial Group Inc. now owns 1,171 shares of the bank’s stock worth $438,000 after purchasing an additional 249 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in First Citizens BancShares by 28.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 9,129 shares of the bank’s stock worth $3,413,000 after purchasing an additional 2,041 shares during the last quarter. SG Americas Securities LLC boosted its stake in First Citizens BancShares by 453.1% during the 3rd quarter. SG Americas Securities LLC now owns 2,550 shares of the bank’s stock worth $953,000 after purchasing an additional 2,089 shares during the last quarter. Pacer Advisors Inc. boosted its stake in First Citizens BancShares by 28.5% during the 3rd quarter. Pacer Advisors Inc. now owns 1,447 shares of the bank’s stock worth $541,000 after purchasing an additional 321 shares during the last quarter. Finally, American International Group Inc. boosted its stake in First Citizens BancShares by 8.1% during the 3rd quarter. American International Group Inc. now owns 4,974 shares of the bank’s stock worth $1,860,000 after purchasing an additional 372 shares during the last quarter. 45.67% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of First Citizens BancShares Inc. (NASDAQ FCNCA) opened at $405.70 on Monday. First Citizens BancShares Inc. has a one year low of $319.40 and a one year high of $463.44. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.26. The stock has a market cap of $4,872.46, a price-to-earnings ratio of 15.05 and a beta of 1.13.

First Citizens BancShares (NASDAQ:FCNCA) last announced its earnings results on Wednesday, January 31st. The bank reported $6.68 earnings per share (EPS) for the quarter. First Citizens BancShares had a net margin of 20.11% and a return on equity of 10.77%. The company had revenue of $414.92 million for the quarter.

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Monday, March 19th will be paid a dividend of $0.35 per share. The ex-dividend date is Friday, March 16th. This represents a $1.40 annualized dividend and a yield of 0.35%. First Citizens BancShares’s dividend payout ratio (DPR) is presently 5.19%.

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About First Citizens BancShares

First Citizens BancShares, Inc (BancShares) is a holding company of First-Citizens Bank & Trust Company (FCB). As of December 31, 2016, BancShares operated in 21 states providing a range of financial services to individuals, businesses and professionals. FCB offers a range of retail and commercial banking services.

Want to see what other hedge funds are holding FCNCA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Citizens BancShares Inc. (NASDAQ:FCNCA).

Institutional Ownership by Quarter for First Citizens BancShares (NASDAQ:FCNCA)

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