People's United Financial (PBCT) : St Germain D J Co Inc reduced its stake in People's United Financial by 1.44% during the most recent quarter end. The investment management company now holds a total of 193,816 shares of People's United Financial which is valued at $3,118,499 after selling 2,835 shares in People's United Financial , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.People's United Financial makes up approximately 0.44% of St Germain D J Co Inc’s portfolio.
People's United Financial closed down -0.34 points or -2.11% at $15.81 with 51,19,619 shares getting traded on Wednesday. Post opening the session at $15.98, the shares hit an intraday low of $15.7 and an intraday high of $16.14 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
Other Hedge Funds, Including , Advisory Services Network boosted its stake in PBCT in the latest quarter, The investment management firm added 39 additional shares and now holds a total of 3,675 shares of People's United Financial which is valued at $59,131. People's United Financial makes up approx 0.02% of Advisory Services Network’s portfolio. Churchill Management Corp sold out all of its stake in PBCT during the most recent quarter. The investment firm sold 811,364 shares of PBCT which is valued $13,038,619.British Columbia Investment Management Corp reduced its stake in PBCT by selling 96,131 shares or 31.22% in the most recent quarter. The Hedge Fund company now holds 211,830 shares of PBCT which is valued at $3,274,892. People's United Financial makes up approx 0.03% of British Columbia Investment Management Corp’s portfolio.Creative Planning boosted its stake in PBCT in the latest quarter, The investment management firm added 930 additional shares and now holds a total of 100,361 shares of People's United Financial which is valued at $1,551,581. People's United Financial makes up approx 0.01% of Creative Planning’s portfolio.
On the company’s financial health, People's United Financial reported $0.21 EPS for the quarter, based on the information available during the earnings call on Apr 21, 2016. Analyst had a consensus estimate of $0.21.Analysts expectations of $ 329.41.During the same quarter in the previous year, the company posted $0.21 EPS.
Many Wall Street Analysts have commented on People's United Financial. People's United Financial was Downgraded by Piper Jaffray to ” Underweight” on Apr 22, 2016. Shares were Reiterated by Barclays on Apr 22, 2016 to “Underweight” and Lowered the Price Target to $ 14 from a previous price target of $15 .People's United Financial was Downgraded by Morgan Stanley to ” Underweight” on Apr 5, 2016.
Peoples United Financial Inc. is a savings and loan holding company. It is a holding company for Peoples United Bank (the Bank) a federally-chartered stock savings bank headquartered in Bridgeport Connecticut. The principal business of the Company is to provide through the Bank and its subsidiaries commercial banking retail banking and wealth management services to individual corporate and municipal customers. The Companys operates through three segments: Commercial Banking Retail Banking and Wealth Management. In addition the Treasury area manages the Companys securities portfolio short-term investments brokered deposits and wholesale borrowings. In addition to traditional banking activities the Bank provides specialized financial services: personal institutional and employee benefit trust; cash management and municipal banking and finance.