First Citizens BancShares, Inc. (NASDAQ:FCNCA) Stock Holdings Increased by Amundi

Amundi increased its position in First Citizens BancShares, Inc. (NASDAQ:FCNCA - Free Report) by 1.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,955 shares of the bank's stock after purchasing an additional 146 shares during the quarter. Amundi owned 0.06% of First Citizens BancShares worth $18,752,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Financial Life Planners bought a new stake in shares of First Citizens BancShares in the fourth quarter worth $33,000. Hemington Wealth Management lifted its position in shares of First Citizens BancShares by 60.0% during the fourth quarter. Hemington Wealth Management now owns 16 shares of the bank's stock worth $33,000 after purchasing an additional 6 shares during the last quarter. Duncker Streett & Co. Inc. acquired a new position in First Citizens BancShares in the fourth quarter worth about $36,000. Mather Group LLC. increased its holdings in First Citizens BancShares by 38.5% in the fourth quarter. Mather Group LLC. now owns 18 shares of the bank's stock valued at $38,000 after buying an additional 5 shares during the last quarter. Finally, Asset Planning Inc acquired a new stake in First Citizens BancShares during the fourth quarter valued at approximately $38,000. 78.01% of the stock is owned by institutional investors and hedge funds.

First Citizens BancShares Stock Performance

FCNCA stock traded up $29.17 on Monday, reaching $1,836.66. The company's stock had a trading volume of 71,742 shares, compared to its average volume of 83,626. First Citizens BancShares, Inc. has a 52 week low of $1,518.00 and a 52 week high of $2,412.93. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.08 and a quick ratio of 1.08. The company has a market capitalization of $24.94 billion, a P/E ratio of 9.70, a price-to-earnings-growth ratio of 0.94 and a beta of 0.81. The firm has a fifty day moving average of $2,078.08 and a two-hundred day moving average of $2,061.30.

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

First Citizens BancShares Dividend Announcement

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

Insiders Place Their Bets

In other news, CFO Craig L. Nix acquired 17 shares of the business's stock in a transaction dated Friday, March 7th. The stock was acquired at an average price of $1,881.13 per share, for a total transaction of $31,979.21. Following the completion of the acquisition, the chief financial officer now directly owns 1,141 shares in the company, valued at $2,146,369.33. This represents a 1.51 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 13.40% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. StockNews.com upgraded First Citizens BancShares from a "sell" rating to a "hold" rating in a report on Saturday, February 1st. Barclays boosted their target price on shares of First Citizens BancShares from $2,456.00 to $2,568.00 and gave the company an "equal weight" rating in a research note on Monday, January 27th. UBS Group initiated coverage on shares of First Citizens BancShares in a research report on Tuesday, December 17th. They issued a "buy" rating and a $2,700.00 price target on the stock. JPMorgan Chase & Co. boosted 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 report on Tuesday, January 7th. Finally, The Goldman Sachs Group increased their price objective on shares of First Citizens BancShares from $2,025.00 to $2,625.00 and gave the stock a "buy" rating in a research note on Tuesday, November 26th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, First Citizens BancShares has a consensus rating of "Moderate Buy" and an average price target of $2,323.50.

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.