Voya Investment Management LLC lifted its position in First Citizens BancShares, Inc. (NASDAQ:FCNCA) by 8.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,616 shares of the bank’s stock after acquiring an additional 281 shares during the period. Voya Investment Management LLC’s holdings in First Citizens BancShares were worth $1,348,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in FCNCA. FMR LLC raised its holdings in First Citizens BancShares by 11.5% during the 2nd quarter. FMR LLC now owns 1,383,090 shares of the bank’s stock worth $515,478,000 after buying an additional 142,265 shares during the period. Vanguard Group Inc. raised its holdings in First Citizens BancShares by 0.4% during the 2nd quarter. Vanguard Group Inc. now owns 555,580 shares of the bank’s stock worth $207,065,000 after buying an additional 2,442 shares during the period. Wells Fargo & Company MN raised its holdings in First Citizens BancShares by 7.4% during the 2nd quarter. Wells Fargo & Company MN now owns 209,753 shares of the bank’s stock worth $78,174,000 after buying an additional 14,486 shares during the period. Great West Life Assurance Co. Can raised its holdings 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. Finally, Boston Partners raised its holdings 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. Institutional investors and hedge funds own 44.92% of the company’s stock.

In other news, Vice Chairman Hope Holding Bryant sold 2,255 shares of the company’s stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $339.85, for a total transaction of $766,361.75. Following the transaction, the insider now directly owns 272,572 shares of the company’s stock, valued at $92,633,594.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Olivia Britton Holding sold 245 shares of the company’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $362.06, for a total value of $88,704.70. Following the transaction, the insider now directly owns 343,898 shares in the company, valued at $124,511,709.88. The disclosure for this sale can be found here. Insiders have sold a total of 12,500 shares of company stock worth $4,398,866 over the last 90 days. Company insiders own 19.38% of the company’s stock.

Several analysts have commented on FCNCA shares. ValuEngine upgraded shares of First Citizens BancShares from a “hold” rating to a “buy” rating in a report on Thursday, June 29th. BidaskClub downgraded shares of First Citizens BancShares from a “hold” rating to a “sell” rating in a report on Monday, July 31st.

Shares of First Citizens BancShares, Inc. (NASDAQ:FCNCA) opened at 391.00 on Monday. The firm’s 50-day moving average is $362.33 and its 200 day moving average is $355.14. The firm has a market capitalization of $4.70 billion, a P/E ratio of 15.33 and a beta of 1.10. First Citizens BancShares, Inc. has a one year low of $280.98 and a one year high of $395.15.

The firm also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Monday, September 18th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date of this dividend was Friday, September 15th. First Citizens BancShares’s payout ratio is 4.70%.

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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.

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

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