332,293 Shares in People’s United Financial, Inc. (PBCT) Purchased by Schroder Investment Management Group

Schroder Investment Management Group acquired a new position in People’s United Financial, Inc. (NASDAQ:PBCT) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 332,293 shares of the bank’s stock, valued at approximately $5,885,000. Schroder Investment Management Group owned approximately 0.10% of People’s United Financial as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of People’s United Financial by 10.1% in the 1st quarter. Vanguard Group Inc. now owns 32,902,001 shares of the bank’s stock worth $598,816,000 after buying an additional 3,027,697 shares in the last quarter. BlackRock Inc. grew its stake in shares of People’s United Financial by 2,026.9% in the 1st quarter. BlackRock Inc. now owns 26,740,727 shares of the bank’s stock worth $486,681,000 after buying an additional 25,483,451 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of People’s United Financial by 1.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 8,291,294 shares of the bank’s stock worth $150,905,000 after buying an additional 86,006 shares in the last quarter. Epoch Investment Partners Inc. grew its stake in shares of People’s United Financial by 6.5% in the 1st quarter. Epoch Investment Partners Inc. now owns 7,675,306 shares of the bank’s stock worth $139,691,000 after buying an additional 468,778 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of People’s United Financial by 22.6% in the 1st quarter. Geode Capital Management LLC now owns 3,698,627 shares of the bank’s stock worth $67,221,000 after buying an additional 681,996 shares in the last quarter. 77.28% of the stock is owned by institutional investors and hedge funds.

People’s United Financial, Inc. (PBCT) opened at 17.04 on Tuesday. People’s United Financial, Inc. has a 1-year low of $15.28 and a 1-year high of $20.13. The company has a market cap of $5.75 billion, a price-to-earnings ratio of 19.06 and a beta of 0.82. The company’s 50 day moving average is $16.90 and its 200 day moving average is $17.48.

People’s United Financial (NASDAQ:PBCT) last announced its earnings results on Thursday, July 20th. The bank reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.04). The business had revenue of $366.50 million during the quarter, compared to analyst estimates of $357.16 million. People’s United Financial had a net margin of 18.88% and a return on equity of 6.14%. The business’s revenue was up 10.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.23 earnings per share. Equities research analysts forecast that People’s United Financial, Inc. will post $0.93 EPS for the current year.

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PBCT has been the subject of a number of recent research reports. Morgan Stanley reissued an “equal weight” rating and issued a $17.75 price objective (up from $17.50) on shares of People’s United Financial in a research note on Friday, July 7th. Zacks Investment Research raised shares of People’s United Financial from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research note on Tuesday, September 5th. BidaskClub cut shares of People’s United Financial from a “sell” rating to a “strong sell” rating in a research note on Monday, July 24th. Jefferies Group LLC reaffirmed a “hold” rating and set a $19.00 price target on shares of People’s United Financial in a research note on Friday, August 18th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of People’s United Financial in a research note on Monday, July 10th. Three equities research analysts have rated the stock with a sell rating and ten have given a hold rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $18.38.

In other news, insider Jeffrey Hoyt sold 6,759 shares of People’s United Financial stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $17.98, for a total value of $121,526.82. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 2.70% of the company’s stock.

People’s United Financial 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.

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

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