Butensky Cohen Financial Security Inc Lowers stake in People's United Financial (PBCT)

People's United Financial (PBCT) : Butensky Cohen Financial Security Inc reduced its stake in People's United Financial by 4.53% during the most recent quarter end. The investment management company now holds a total of 130,030 shares of People's United Financial which is valued at $1,982,958 after selling 6,165 shares in People's United Financial , the firm said in a disclosure report filed with the SEC on Jul 25, 2016.People's United Financial makes up approximately 1.93% of Butensky Cohen Financial Security Inc’s portfolio.

Other Hedge Funds, Including , 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. Cutler Group Lp added PBCT to its portfolio by purchasing 163 company shares during the most recent quarter which is valued at $2,481.Bnp Paribas Arbitrage Sa reduced its stake in PBCT by selling 92,752 shares or 50.89% in the most recent quarter. The Hedge Fund company now holds 89,517 shares of PBCT which is valued at $1,327,537. People's United Financial makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio.

People's United Financial opened for trading at $15.14 and hit $15.24 on the upside on Friday, eventually ending the session at $15.16, with a gain of 0.07% or 0.01 points. The heightened volatility saw the trading volume jump to 1,06,88,749 shares. Company has a market cap of $4,713 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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