BNP Paribas Arbitrage SA increased its holdings in shares of First Citizens BancShares, Inc. (NASDAQ:FCNCA) by 244.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,034 shares of the bank’s stock after buying an additional 734 shares during the period. BNP Paribas Arbitrage SA’s holdings in First Citizens BancShares were worth $385,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in FCNCA. Schwab Charles Investment Management Inc. increased its stake in First Citizens BancShares by 7.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 66,462 shares of the bank’s stock worth $24,771,000 after buying an additional 4,842 shares during the period. Great West Life Assurance Co. Can increased its stake in First Citizens BancShares by 2.5% during the 2nd quarter. Great West Life Assurance Co. Can now owns 178,110 shares of the bank’s stock worth $66,185,000 after buying an additional 4,325 shares during the period. Russell Investments Group Ltd. increased its stake in First Citizens BancShares by 146.7% during the 2nd quarter. Russell Investments Group Ltd. now owns 7,088 shares of the bank’s stock worth $2,643,000 after buying an additional 4,215 shares during the period. Boston Partners increased its stake in First Citizens BancShares by 3.4% during the 2nd quarter. Boston Partners now owns 86,935 shares of the bank’s stock worth $32,401,000 after buying an additional 2,863 shares during the period. Finally, First Citizens Bank & Trust Co. increased its stake in First Citizens BancShares by 15.8% during the 2nd quarter. First Citizens Bank & Trust Co. now owns 6,225 shares of the bank’s stock worth $2,320,000 after buying an additional 849 shares during the period. 44.92% of the stock is currently owned by hedge funds and other institutional investors.

Shares of First Citizens BancShares, Inc. (NASDAQ FCNCA) opened at 338.37 on Monday. The stock has a market capitalization of $4.06 billion, a P/E ratio of 13.26 and a beta of 1.07. The firm has a 50 day moving average of $347.25 and a 200-day moving average of $349.97. First Citizens BancShares, Inc. has a 12 month low of $276.02 and a 12 month high of $395.15.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Monday, September 18th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, September 15th. This represents a $1.20 dividend on an annualized basis and a yield of 0.35%. First Citizens BancShares’s dividend payout ratio (DPR) is 4.70%.

Several equities research analysts recently weighed in on FCNCA shares. ValuEngine raised shares of First Citizens BancShares from a “hold” rating to a “buy” rating in a research note on Thursday, June 29th. BidaskClub downgraded shares of First Citizens BancShares from a “hold” rating to a “sell” rating in a research note on Monday, July 31st.

In other news, Vice Chairman Hope Holding Bryant sold 2,500 shares of the business’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $345.00, for a total transaction of $862,500.00. Following the transaction, the insider now directly owns 272,572 shares of the company’s stock, valued at $94,037,340. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Olivia Britton Holding sold 5,000 shares of the business’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $366.26, for a total transaction of $1,831,300.00. Following the transaction, the insider now directly owns 343,898 shares in the company, valued at $125,956,081.48. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,500 shares of company stock worth $4,398,866. 19.38% of the stock is currently owned by corporate insiders.

WARNING: “BNP Paribas Arbitrage SA Acquires 734 Shares of First Citizens BancShares, Inc. (FCNCA)” was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece on another publication, it was stolen and republished in violation of United States & international trademark and copyright laws. The correct version of this piece can be read at https://www.thecerbatgem.com/2017/09/18/bnp-paribas-arbitrage-sa-acquires-734-shares-of-first-citizens-bancshares-inc-fcnca.html.

First Citizens BancShares Profile

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.

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

Receive News & Stock Ratings for First Citizens BancShares Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Citizens BancShares Inc. and related stocks with our FREE daily email newsletter.