People's United Financial (PBCT) : Pegasus Partners Ltd. reduced its stake in People's United Financial by 13.92% during the most recent quarter end. The investment management company now holds a total of 288,581 shares of People's United Financial which is valued at $4.3 Million after selling 46,670 shares in People's United Financial , the firm said in a disclosure report filed with the SEC on May 12, 2016.People's United Financial makes up approximately 2.39% of Pegasus Partners Ltd.’s portfolio.
Other Hedge Funds, Including , United Services Automobile Association reduced its stake in PBCT by selling 541,088 shares or 21.91% in the most recent quarter. The Hedge Fund company now holds 1,928,091 shares of PBCT which is valued at $29 Million. People's United Financial makes up approx 0.11% of United Services Automobile Association’s portfolio.State Treasurer State Of Michigan boosted its stake in PBCT in the latest quarter, The investment management firm added 800 additional shares and now holds a total of 106,871 shares of People's United Financial which is valued at $1.6 Million. People's United Financial makes up approx 0.01% of State Treasurer State Of Michigan’s portfolio.Smithfield Trust Co reduced its stake in PBCT by selling 140 shares or 0.74% in the most recent quarter. The Hedge Fund company now holds 18,792 shares of PBCT which is valued at $282,632. People's United Financial makes up approx 0.05% of Smithfield Trust Co’s portfolio.
People's United Financial opened for trading at $15.3 and hit $15.47 on the upside on Friday, eventually ending the session at $15.42, with a gain of 0.98% or 0.15 points. The heightened volatility saw the trading volume jump to 1,13,02,572 shares. Company has a market cap of $4,793,477 M.
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.