Janus Henderson Group PLC Purchases 200 Shares of First Citizens BancShares, Inc. (NASDAQ:FCNCA)

Janus Henderson Group PLC increased its position in shares of First Citizens BancShares, Inc. (NASDAQ:FCNCA) by 37.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 739 shares of the bank’s stock after acquiring an additional 200 shares during the period. Janus Henderson Group PLC’s holdings in First Citizens BancShares were worth $1,359,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of FCNCA. Brooklyn Investment Group bought a new stake in shares of First Citizens BancShares during the 3rd quarter valued at about $39,000. Gradient Investments LLC purchased a new position in First Citizens BancShares in the 2nd quarter worth approximately $52,000. Blue Trust Inc. grew its position in First Citizens BancShares by 120.0% in the second quarter. Blue Trust Inc. now owns 66 shares of the bank’s stock worth $108,000 after acquiring an additional 36 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of First Citizens BancShares by 129.6% in the 3rd quarter. GAMMA Investing LLC now owns 62 shares of the bank’s stock worth $114,000 after purchasing an additional 35 shares in the last quarter. Finally, National Bank of Canada FI grew its position in First Citizens BancShares by 17.7% during the second quarter. National Bank of Canada FI now owns 73 shares of the bank’s stock valued at $124,000 after acquiring an additional 11 shares during the last quarter. 78.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Wedbush decreased their price objective on First Citizens BancShares from $2,150.00 to $2,000.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. Keefe, Bruyette & Woods lowered shares of First Citizens BancShares from an “outperform” rating to a “market perform” rating and upped their price objective for the stock from $2,100.00 to $2,500.00 in a report on Wednesday, December 4th. StockNews.com upgraded First Citizens BancShares from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th. Citigroup raised shares of First Citizens BancShares from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 9th. Finally, Deutsche Bank Aktiengesellschaft began coverage on First Citizens BancShares in a research note on Monday, December 9th. They set a “buy” rating and a $2,600.00 price objective for the company. Six equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, First Citizens BancShares currently has a consensus rating of “Moderate Buy” and a consensus price target of $2,157.64.

First Citizens BancShares Stock Up 0.6 %

Shares of First Citizens BancShares stock opened at $2,086.91 on Friday. First Citizens BancShares, Inc. has a twelve month low of $1,363.97 and a twelve month high of $2,388.78. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.68. The company’s 50 day moving average is $2,113.46 and its 200 day moving average is $1,938.59. The company has a market cap of $29.20 billion, a price-to-earnings ratio of 11.96 and a beta of 0.83.

First Citizens BancShares (NASDAQ:FCNCA) last released its quarterly earnings results on Thursday, October 24th. The bank reported $45.87 earnings per share for the quarter, missing the consensus estimate of $47.40 by ($1.53). First Citizens BancShares had a net margin of 17.36% and a return on equity of 13.63%. The firm had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same period in the previous year, the company earned $55.92 earnings per share. Research analysts anticipate that First Citizens BancShares, Inc. will post 187.88 EPS for the current year.

First Citizens BancShares Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be given a $1.95 dividend. This represents a $7.80 annualized dividend and a yield of 0.37%. This is a boost from First Citizens BancShares’s previous quarterly dividend of $1.64. The ex-dividend date of this dividend is Friday, November 29th. First Citizens BancShares’s dividend payout ratio (DPR) is presently 4.47%.

First Citizens BancShares Company 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.