206 hedge funds sold their entire positions in People’s United Financial, Inc. (PBCT)

People’s United Financial, Inc. (NASDAQ:PBCT) went up to recover about 6.84% since recording its record low price of $16.66. The stock experienced -1.44% slump, arriving at $17.8 on September 13, 2018. During the day, the stock price traveled from $17.74 to $18.115. This company shares are 11.4% off its target price of $19.83 and the current market capitalization stands at $6.23B. The recent change has given its price a -3.58% deficit over SMA 50 and -12.14% deficit over its 52-week high. The stock witnessed -3.68% declines, -5.27% declines and -9.96% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found PBCT’s volatility during a week at 1.43% and during a month it has been found around 1.27%.

People’s United Financial, Inc. (PBCT) Top Holders

Institutional investors currently hold around $4.95 billion or 80.8% in PBCT stock. Look at its top three institutional owners. State Street Corp owns $671.17 million in People’s United Financial, Inc., which represents roughly 10.77% of the company’s market cap and approximately 13.55% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 36,625,659 shares of the stock are valued at $661.46 million. The third largest holder is Blackrock Inc., which currently holds $581.78 million worth of this stock and that ownership represents nearly 9.34% of its market capitalization.

People’s United Financial, Inc. 13F Filings

At the end of June reporting period, 203 institutional holders increased their position in People’s United Financial, Inc. (NASDAQ:PBCT) by some 19,809,164 shares, 206 decreased positions by 15,602,685 and 89 held positions by 239,000,000. That puts total institutional holdings at 274,000,000 shares, according to SEC filings. The stock grabbed 37 new institutional investments totaling 4,558,125 shares while 52 institutional investors sold out their entire positions totaling 3,021,978 shares.

People’s United Financial, Inc. (NASDAQ:PBCT) Insider Trades

Multiple company employees have indulged in significant insider trading. People’s United Financial, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Executive Vice President Herron Mark F has sold 10,976 shares of People’s United Financial, Inc. (PBCT) in trading session dated Sep. 05, 2018. These shares are worth $204,702 and were traded at $18.65 each. The SEC filing shows that Carter George P performed a sale of 10,874 shares. The Director disposed these shares by way of transaction on Aug. 28, 2018. The company’s shares were given away at $18.7 per share worth to an income of some $203,344 on account of Carter George P.

Sr Ex VP, Gen Cnsl & Secretary, Trautmann Robert E, sold 10,000 common shares of People’s United Financial, Inc. (PBCT) in the open market. In a transaction dated Aug. 01, 2018, the shares were put up for sale at an average price of $18.3, raking in a sum of $183,400. After this sale, 39,911 common shares of PBCT are directly owned by the insider, with total stake valued at $710,000.

In the transaction dated Jul. 25, 2018, the great number of shares disposed came courtesy the Sr Ex VP, Gen Cnsl & Secretary; Trautmann Robert E disposed a total of 75,404 shares at an average price of $18.27, amounting to approximately $1,380,000. The insider now directly owns 49,911 shares worth $888,000.

People’s United Financial, Inc. (PBCT) Analyst Guide

Several analysts have released their opinion on People’s United Financial, Inc. (NASDAQ:PBCT), with 1 analysts believing it is a strong buy. Whereas 8 of them predict the stock is a hold. Also, there are 1 buy, 0 sell and 1 strong sell ratings, collectively assigning a 2.91 average brokerage recommendation.