First Citizens BancShares, Inc. (FCNCA) Shares Bought by Martingale Asset Management L P

Martingale Asset Management L P grew its position in shares of First Citizens BancShares, Inc. (NASDAQ:FCNCA) by 0.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,704 shares of the bank’s stock after acquiring an additional 50 shares during the quarter. Martingale Asset Management L P owned about 0.19% of First Citizens BancShares worth $8,462,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Teacher Retirement System of Texas acquired a new stake in shares of First Citizens BancShares in the second quarter valued at about $214,000. BNP Paribas Arbitrage SA grew its stake in shares of First Citizens BancShares by 244.7% in the second quarter. BNP Paribas Arbitrage SA now owns 1,034 shares of the bank’s stock valued at $385,000 after buying an additional 734 shares in the last quarter. Pacer Advisors Inc. grew its stake in shares of First Citizens BancShares by 17.3% in the second quarter. Pacer Advisors Inc. now owns 1,126 shares of the bank’s stock valued at $420,000 after buying an additional 166 shares in the last quarter. Cannell Peter B & Co. Inc. grew its stake in shares of First Citizens BancShares by 69.2% in the second quarter. Cannell Peter B & Co. Inc. now owns 1,650 shares of the bank’s stock valued at $615,000 after buying an additional 675 shares in the last quarter. Finally, Legal & General Group Plc grew its stake in shares of First Citizens BancShares by 10.8% in the second quarter. Legal & General Group Plc now owns 2,685 shares of the bank’s stock valued at $1,003,000 after buying an additional 261 shares in the last quarter. Institutional investors own 44.92% of the company’s stock.

In other news, major shareholder Olivia Britton Holding sold 5,000 shares of First Citizens BancShares stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $366.26, for a total value of $1,831,300.00. Following the transaction, the insider now directly owns 343,898 shares in the company, valued at $125,956,081.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman Hope Holding Bryant sold 2,500 shares of First Citizens BancShares stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $345.00, for a total value of $862,500.00. Following the completion of the transaction, the insider now owns 272,572 shares in the company, valued at $94,037,340. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,500 shares of company stock worth $4,398,866. Corporate insiders own 19.38% of the company’s stock.

Shares of First Citizens BancShares, Inc. (FCNCA) opened at 337.73 on Tuesday. The stock has a 50 day moving average price of $351.78 and a 200-day moving average price of $350.60. The firm has a market cap of $4.06 billion, a price-to-earnings ratio of 13.24 and a beta of 1.07. First Citizens BancShares, Inc. has a 1-year low of $275.27 and a 1-year high of $395.15.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Monday, September 18th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, September 15th. This represents a $1.20 annualized dividend and a yield of 0.36%. First Citizens BancShares’s dividend payout ratio (DPR) is currently 4.70%.

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FCNCA has been the subject of a number of recent research reports. ValuEngine lowered First Citizens BancShares from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. BidaskClub upgraded First Citizens BancShares from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th.

First Citizens BancShares Profile

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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Institutional Ownership by Quarter for First Citizens BancShares (NASDAQ:FCNCA)

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