Macquarie Group Ltd. Has $85,000 Stake in People’s United Financial, Inc. (PBCT)

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Macquarie Group Ltd. decreased its stake in People’s United Financial, Inc. (NASDAQ:PBCT) by 16.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,900 shares of the bank’s stock after selling 1,200 shares during the period. Macquarie Group Ltd.’s holdings in People’s United Financial were worth $85,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. M Holdings Securities Inc. bought a new position in People’s United Financial during the fourth quarter worth about $2,988,000. Legal & General Group Plc boosted its holdings in shares of People’s United Financial by 6.6% during the fourth quarter. Legal & General Group Plc now owns 2,012,845 shares of the bank’s stock worth $29,046,000 after acquiring an additional 125,386 shares during the period. Halsey Associates Inc. CT bought a new stake in shares of People’s United Financial during the fourth quarter worth approximately $203,000. CSat Investment Advisory L.P. boosted its holdings in shares of People’s United Financial by 64.0% during the fourth quarter. CSat Investment Advisory L.P. now owns 2,835 shares of the bank’s stock worth $41,000 after acquiring an additional 1,106 shares during the period. Finally, Jane Street Group LLC bought a new stake in shares of People’s United Financial during the fourth quarter worth approximately $169,000. Institutional investors own 77.28% of the company’s stock.

NASDAQ PBCT opened at $17.33 on Thursday. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.96 and a quick ratio of 0.96. People’s United Financial, Inc. has a 1-year low of $13.66 and a 1-year high of $19.37. The company has a market capitalization of $6.57 billion, a PE ratio of 13.23, a price-to-earnings-growth ratio of 6.09 and a beta of 1.16.

People’s United Financial (NASDAQ:PBCT) last released its quarterly earnings results on Thursday, January 17th. The bank reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.02. People’s United Financial had a net margin of 24.34% and a return on equity of 8.11%. The company had revenue of $428.20 million during the quarter, compared to the consensus estimate of $432.25 million. During the same period in the previous year, the business earned $0.31 earnings per share. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. On average, sell-side analysts anticipate that People’s United Financial, Inc. will post 1.39 earnings per share for the current year.

In other news, EVP David P. Berey sold 129,431 shares of People’s United Financial stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $17.90, for a total value of $2,316,814.90. Following the completion of the sale, the executive vice president now directly owns 46,672 shares in the company, valued at $835,428.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Mark W. Richards sold 6,800 shares of People’s United Financial stock in a transaction that occurred on Thursday, January 24th. The shares were sold at an average price of $16.43, for a total transaction of $111,724.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 165,219 shares of company stock valued at $2,932,690. 2.40% of the stock is owned by company insiders.

A number of brokerages have recently issued reports on PBCT. Zacks Investment Research cut People’s United Financial from a “hold” rating to a “sell” rating in a report on Wednesday, March 20th. BidaskClub upgraded People’s United Financial from a “hold” rating to a “buy” rating in a report on Friday, January 25th. ValuEngine cut People’s United Financial from a “hold” rating to a “sell” rating in a report on Wednesday, March 20th. Barclays restated a “hold” rating and set a $19.00 price objective on shares of People’s United Financial in a report on Sunday, January 20th. Finally, Wells Fargo & Co restated a “hold” rating on shares of People’s United Financial in a report on Thursday, January 3rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. People’s United Financial has a consensus rating of “Hold” and a consensus target price of $19.70.

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People’s United Financial Company Profile

People's United Financial, Inc operates as the bank holding company for People's United Bank, National Association that provides commercial banking, retail banking, and wealth management services to individual, corporate, and municipal customers. The company operates in two segments, Commercial Banking and Retail Banking.

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

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