Pegasus Partners Ltd. Lowers stake in People's United Financial (PBCT)

People's United Financial (PBCT) : Pegasus Partners Ltd. reduced its stake in People's United Financial by 4.27% during the most recent quarter end. The investment management company now holds a total of 276,256 shares of People's United Financial which is valued at $4,268,155 after selling 12,325 shares in People's United Financial , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.People's United Financial makes up approximately 2.12% of Pegasus Partners Ltd.’s portfolio.

Other Hedge Funds, Including , Private Advisor Group boosted its stake in PBCT in the latest quarter, The investment management firm added 12,645 additional shares and now holds a total of 28,357 shares of People's United Financial which is valued at $437,832. People's United Financial makes up approx 0.02% of Private Advisor Group’s portfolio.Ftb Advisors reduced its stake in PBCT by selling 80 shares or 4.3% in the most recent quarter. The Hedge Fund company now holds 1,781 shares of PBCT which is valued at $27,000. Candriam Luxembourg S.c.a. added PBCT to its portfolio by purchasing 38,028 company shares during the most recent quarter which is valued at $579,927. People's United Financial makes up approx 0.01% of Candriam Luxembourg S.c.a.’s portfolio.Shell Asset Management Co boosted its stake in PBCT in the latest quarter, The investment management firm added 7,207 additional shares and now holds a total of 178,972 shares of People's United Financial which is valued at $2,729,323. People's United Financial makes up approx 0.06% of Shell Asset Management Co’s portfolio.

People's United Financial opened for trading at $15.42 and hit $15.51 on the upside on Wednesday, eventually ending the session at $15.5, with a gain of 0.45% or 0.07 points. The heightened volatility saw the trading volume jump to 24,46,821 shares. Company has a market cap of $4,820 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. Piper Jaffray Upgraded People's United Financial on Jun 29, 2016 to ” Neutral”, Price Target of the shares are set at $14.

People’s United Financial Inc. is a savings and loan holding company. It is a holding company for People’s 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 Company’s operates through three segments: Commercial Banking Retail Banking and Wealth Management. In addition the Treasury area manages the Company’s 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.

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