Bank of New York Mellon Corp raised its holdings in shares of First Citizens BancShares Inc. (NASDAQ:FCNCA) by 2.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 43,364 shares of the bank’s stock after purchasing an additional 1,087 shares during the period. Bank of New York Mellon Corp owned approximately 0.36% of First Citizens BancShares worth $17,476,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Wells Fargo & Company MN boosted its stake in shares of First Citizens BancShares by 2.6% in the 4th quarter. Wells Fargo & Company MN now owns 219,883 shares of the bank’s stock worth $88,612,000 after buying an additional 5,518 shares during the last quarter. Great West Life Assurance Co. Can boosted its stake in shares of First Citizens BancShares by 1.6% in the 3rd quarter. Great West Life Assurance Co. Can now owns 180,928 shares of the bank’s stock worth $66,779,000 after buying an additional 2,818 shares during the last quarter. Schroder Investment Management Group boosted its stake in shares of First Citizens BancShares by 3.0% in the 3rd quarter. Schroder Investment Management Group now owns 71,864 shares of the bank’s stock worth $26,534,000 after buying an additional 2,123 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of First Citizens BancShares by 3.7% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 70,735 shares of the bank’s stock worth $28,507,000 after buying an additional 2,497 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of First Citizens BancShares by 4.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 21,638 shares of the bank’s stock worth $7,990,000 after buying an additional 948 shares during the last quarter. Institutional investors and hedge funds own 45.67% of the company’s stock.
FCNCA stock opened at $405.70 on Friday. The stock has a market capitalization of $5,308.42, a price-to-earnings ratio of 15.05 and a beta of 1.13. First Citizens BancShares Inc. has a 52 week low of $319.40 and a 52 week high of $463.44. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.26.
First Citizens BancShares (NASDAQ:FCNCA) last released its earnings results on Wednesday, January 31st. The bank reported $6.68 earnings per share for the quarter. The company had revenue of $414.92 million for the quarter. First Citizens BancShares had a return on equity of 10.77% and a net margin of 20.11%.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Monday, March 19th will be issued a dividend of $0.35 per share. The ex-dividend date is Friday, March 16th. This represents a $1.40 dividend on an annualized basis and a yield of 0.35%. First Citizens BancShares’s dividend payout ratio is presently 5.19%.
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About First Citizens BancShares
First Citizens BancShares, Inc (BancShares) is a holding company of First-Citizens Bank & Trust Company (FCB). As of December 31, 2016, BancShares operated in 21 states providing a range of financial services to individuals, businesses and professionals. FCB offers a range of retail and commercial banking services.
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