American Century Companies Inc. Buys 1,829 Shares of First Citizens BancShares, Inc. (NASDAQ:FCNCA)

American Century Companies Inc. boosted its holdings in shares of First Citizens BancShares, Inc. (NASDAQ:FCNCA - Free Report) by 16.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,005 shares of the bank's stock after buying an additional 1,829 shares during the quarter. American Century Companies Inc. owned 0.09% of First Citizens BancShares worth $27,480,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. M&T Bank Corp grew its stake in shares of First Citizens BancShares by 0.8% during the 3rd quarter. M&T Bank Corp now owns 607 shares of the bank's stock worth $1,117,000 after purchasing an additional 5 shares during the period. Mather Group LLC. grew its stake in First Citizens BancShares by 38.5% during the fourth quarter. Mather Group LLC. now owns 18 shares of the bank's stock worth $38,000 after buying an additional 5 shares during the period. Private Advisor Group LLC raised its holdings in shares of First Citizens BancShares by 3.0% during the 4th quarter. Private Advisor Group LLC now owns 172 shares of the bank's stock valued at $363,000 after buying an additional 5 shares during the period. Exencial Wealth Advisors LLC increased its stake in First Citizens BancShares by 1.2% during the 4th quarter. Exencial Wealth Advisors LLC now owns 428 shares of the bank's stock worth $904,000 after buying an additional 5 shares during the period. Finally, Hemington Wealth Management raised its position in shares of First Citizens BancShares by 60.0% in the 4th quarter. Hemington Wealth Management now owns 16 shares of the bank's stock valued at $33,000 after purchasing an additional 6 shares in the last quarter. Institutional investors and hedge funds own 78.01% of the company's stock.

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Insider Transactions at First Citizens BancShares

In other First Citizens BancShares news, CFO Craig L. Nix bought 17 shares of First Citizens BancShares stock in a transaction that occurred on Friday, March 7th. The shares were bought at an average price of $1,881.13 per share, with a total value of $31,979.21. Following the acquisition, the chief financial officer now owns 1,141 shares in the company, valued at approximately $2,146,369.33. This trade represents a 1.51 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 13.19% of the stock is owned by corporate insiders.

Analyst Ratings Changes

FCNCA has been the subject of a number of recent research reports. Piper Sandler raised shares of First Citizens BancShares from a "neutral" rating to an "overweight" rating and set a $2,250.00 price objective for the company in a research report on Tuesday, March 11th. JPMorgan Chase & Co. raised their price objective on shares of First Citizens BancShares from $2,550.00 to $2,600.00 and gave the company an "overweight" rating in a research note on Tuesday, January 7th. Citigroup downgraded First Citizens BancShares from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, December 17th. UBS Group initiated coverage on First Citizens BancShares in a research report on Tuesday, December 17th. They set a "buy" rating and a $2,700.00 price target on the stock. Finally, Barclays upped their price objective on First Citizens BancShares from $2,456.00 to $2,568.00 and gave the company an "equal weight" rating in a report on Monday, January 27th. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, First Citizens BancShares presently has a consensus rating of "Moderate Buy" and an average target price of $2,288.08.

First Citizens BancShares Trading Up 2.0 %

Shares of NASDAQ FCNCA traded up $36.11 during trading on Wednesday, reaching $1,859.58. The company had a trading volume of 92,301 shares, compared to its average volume of 86,244. The company's fifty day moving average price is $2,003.56 and its 200-day moving average price is $2,054.31. 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 stock has a market cap of $25.25 billion, a P/E ratio of 9.82, a PEG ratio of 0.94 and a beta of 0.66. First Citizens BancShares, Inc. has a 12 month low of $1,518.00 and a 12 month high of $2,412.93.

First Citizens BancShares (NASDAQ:FCNCA - Get Free Report) last announced its quarterly earnings data on Friday, January 24th. The bank reported $45.10 earnings per share for the quarter, beating the consensus estimate of $39.32 by $5.78. First Citizens BancShares had a net margin of 18.55% and a return on equity of 13.22%. As a group, research analysts expect that First Citizens BancShares, Inc. will post 167.59 earnings per share for the current year.

First Citizens BancShares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were paid a dividend of $1.95 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $7.80 annualized dividend and a dividend yield of 0.42%. First Citizens BancShares's payout ratio is 4.12%.

About First Citizens BancShares

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.