Skandinaviska Enskilda Banken AB publ grew its holdings in shares of People's United Financial, Inc. (NASDAQ:PBCT) by 22.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 87,473 shares of the bank’s stock after buying an additional 16,200 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in People's United Financial were worth $1,587,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Federated Investors Inc. PA grew its stake in People's United Financial by 0.8% during the second quarter. Federated Investors Inc. PA now owns 9,678 shares of the bank’s stock worth $171,000 after buying an additional 80 shares during the period. ING Groep NV grew its stake in People's United Financial by 0.5% during the second quarter. ING Groep NV now owns 17,637 shares of the bank’s stock worth $311,000 after buying an additional 94 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in People's United Financial by 0.4% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 25,583 shares of the bank’s stock worth $452,000 after buying an additional 104 shares during the period. Bingham Osborn & Scarborough LLC grew its stake in People's United Financial by 1.2% during the second quarter. Bingham Osborn & Scarborough LLC now owns 10,982 shares of the bank’s stock worth $194,000 after buying an additional 130 shares during the period. Finally, Advisory Services Network LLC grew its stake in People's United Financial by 3.0% during the second quarter. Advisory Services Network LLC now owns 7,757 shares of the bank’s stock worth $137,000 after buying an additional 226 shares during the period. Institutional investors own 75.67% of the company’s stock.

Several research analysts have recently weighed in on the stock. Jefferies Group restated a “hold” rating and issued a $19.00 target price on shares of People's United Financial in a research note on Friday, August 18th. Piper Jaffray Companies restated a “sell” rating and issued a $17.00 target price on shares of People's United Financial in a research note on Sunday, October 22nd. Finally, Zacks Investment Research upgraded shares of People's United Financial from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research note on Tuesday, October 24th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the stock. People's United Financial presently has an average rating of “Hold” and a consensus target price of $19.19.

In related news, Director Janet M. Hansen sold 12,000 shares of the company’s stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $17.14, for a total value of $205,680.00. Following the sale, the director now directly owns 145,707 shares of the company’s stock, valued at $2,497,417.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Sara M. Longobardi sold 43,450 shares of the company’s stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $18.68, for a total transaction of $811,646.00. The disclosure for this sale can be found here. Insiders sold 736,338 shares of company stock worth $14,001,764 over the last ninety days. 2.70% of the stock is currently owned by corporate insiders.

Shares of People's United Financial, Inc. (NASDAQ PBCT) opened at $18.82 on Thursday. The stock has a market cap of $6,561.47, a price-to-earnings ratio of 19.74, a P/E/G ratio of 9.63 and a beta of 0.85. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.72. People's United Financial, Inc. has a twelve month low of $15.97 and a twelve month high of $20.13.

People's United Financial (NASDAQ:PBCT) last posted its quarterly earnings results on Thursday, October 19th. The bank reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.01. The firm had revenue of $373.90 million for the quarter, compared to analysts’ expectations of $374.59 million. People's United Financial had a net margin of 19.32% and a return on equity of 6.28%. The firm’s quarterly revenue was up 11.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.24 earnings per share. equities analysts predict that People's United Financial, Inc. will post 0.98 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st were issued a $0.1725 dividend. The ex-dividend date of this dividend was Tuesday, October 31st. This represents a $0.69 annualized dividend and a yield of 3.67%. People's United Financial’s dividend payout ratio is presently 75.83%.

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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.

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

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