Capital International Investors Has $364.97 Million Position in First Citizens BancShares, Inc. (NASDAQ:FCNCA)

Capital International Investors lifted its position in First Citizens BancShares, Inc. (NASDAQ:FCNCA) by 78.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 172,723 shares of the bank’s stock after purchasing an additional 75,785 shares during the period. Capital International Investors’ holdings in First Citizens BancShares were worth $364,967,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of FCNCA. Financial Life Planners bought a new stake in shares of First Citizens BancShares in the fourth quarter worth about $33,000. Hemington Wealth Management lifted its holdings in shares of First Citizens BancShares by 60.0% during the 4th quarter. Hemington Wealth Management now owns 16 shares of the bank’s stock valued at $33,000 after purchasing an additional 6 shares in the last quarter. Duncker Streett & Co. Inc. acquired a new position in shares of First Citizens BancShares in the 4th quarter valued at approximately $36,000. Mather Group LLC. increased its stake in First Citizens BancShares by 38.5% during the 4th quarter. Mather Group LLC. now owns 18 shares of the bank’s stock worth $38,000 after purchasing an additional 5 shares in the last quarter. Finally, Asset Planning Inc acquired a new stake in First Citizens BancShares during the 4th quarter worth approximately $38,000. Institutional investors own 78.01% of the company’s stock.

First Citizens BancShares Stock Performance

Shares of FCNCA stock opened at $1,716.62 on Friday. The stock has a market cap of $23.31 billion, a P/E ratio of 9.06, a P/E/G ratio of 0.94 and a beta of 0.66. The company has a fifty day moving average price of $1,863.73 and a two-hundred day moving average price of $2,030.66. First Citizens BancShares, Inc. has a one year low of $1,473.62 and a one year high of $2,412.93. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.08 and a quick ratio of 1.08.

First Citizens BancShares (NASDAQ:FCNCA) last posted its quarterly earnings results on Friday, January 24th. The bank reported $45.10 EPS for the quarter, topping analysts’ consensus estimates of $39.32 by $5.78. First Citizens BancShares had a return on equity of 13.22% and a net margin of 18.55%. As a group, equities analysts predict that First Citizens BancShares, Inc. will post 167.59 EPS for the current year.

Wall Street Analyst Weigh In

FCNCA has been the subject of several research analyst reports. Piper Sandler upgraded shares of First Citizens BancShares from a “neutral” rating to an “overweight” rating and set a $2,250.00 price target for the company in a report on Tuesday, March 11th. Keefe, Bruyette & Woods increased their target price on First Citizens BancShares from $2,500.00 to $2,600.00 and gave the stock an “outperform” rating in a report on Monday, January 27th. StockNews.com raised First Citizens BancShares from a “sell” rating to a “hold” rating in a research report on Saturday, February 1st. Barclays lifted their target price on First Citizens BancShares from $2,456.00 to $2,568.00 and gave the company an “equal weight” rating in a research report on Monday, January 27th. Finally, The Goldman Sachs Group reduced their price target on First Citizens BancShares from $2,535.00 to $2,200.00 and set a “buy” rating for the company in a research report on Tuesday, March 18th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, First Citizens BancShares currently has an average rating of “Moderate Buy” and a consensus price target of $2,346.09.

Insider Buying and Selling

In related news, CFO Craig L. Nix bought 17 shares of the business’s stock in a transaction dated Friday, March 7th. The stock was bought at an average price of $1,881.13 per share, for a total transaction of $31,979.21. Following the purchase, the chief financial officer now owns 1,141 shares in the company, valued at $2,146,369.33. This represents a 1.51 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 13.40% of the stock is owned by insiders.

First Citizens BancShares Profile

First Citizens BancShares, Inc operates as the holding company for First-Citizens Bank & Trust Company that provides retail and commercial banking services to individuals, businesses, and professionals. The company's deposit products include checking, savings, money market, and time deposit accounts.