Capital International Investors Has $364.97 Million Stake in First Citizens BancShares, Inc. (NASDAQ:FCNCA)

Capital International Investors grew its holdings in First Citizens BancShares, Inc. (NASDAQ:FCNCA - Free Report) by 78.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 172,723 shares of the bank's stock after acquiring an additional 75,785 shares during the quarter. Capital International Investors owned 1.23% of First Citizens BancShares worth $364,967,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of FCNCA. Financial Life Planners acquired a new position in First Citizens BancShares in the 4th quarter valued at approximately $33,000. Hemington Wealth Management raised its stake 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 buying an additional 6 shares in the last quarter. Duncker Streett & Co. Inc. acquired a new stake in First Citizens BancShares during the fourth quarter valued at approximately $36,000. Mather Group LLC. lifted its position in shares of 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 purchasing an additional 5 shares in the last quarter. Finally, Asset Planning Inc acquired a new stake in shares of First Citizens BancShares in the fourth quarter valued at approximately $38,000. 78.01% of the stock is owned by institutional investors.

First Citizens BancShares Stock Up 1.7 %

Shares of NASDAQ FCNCA traded up $29.25 during mid-day trading on Thursday, hitting $1,801.29. The company had a trading volume of 53,393 shares, compared to its average volume of 89,299. First Citizens BancShares, Inc. has a one year low of $1,473.62 and a one year high of $2,412.93. The company has a market capitalization of $24.46 billion, a PE ratio of 9.50, a price-to-earnings-growth ratio of 0.94 and a beta of 0.66. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.68. The firm has a 50-day simple moving average of $1,831.29 and a two-hundred day simple moving average of $2,026.86.

First Citizens BancShares (NASDAQ:FCNCA - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The bank reported $37.79 earnings per share for the quarter, missing the consensus estimate of $38.10 by ($0.31). First Citizens BancShares had a return on equity of 13.22% and a net margin of 18.55%. On average, equities analysts expect that First Citizens BancShares, Inc. will post 167.59 EPS for the current year.

First Citizens BancShares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be given a $1.95 dividend. This represents a $7.80 annualized dividend and a dividend yield of 0.43%. First Citizens BancShares's payout ratio is presently 4.12%.

Insider Transactions at First Citizens BancShares

In other news, CFO Craig L. Nix acquired 17 shares of the firm's stock in a transaction on Friday, March 7th. The shares were purchased at an average cost of $1,881.13 per share, with a total value of $31,979.21. Following 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 purchase was disclosed in a document filed with the SEC, which is accessible through this link. 13.19% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Keefe, Bruyette & Woods boosted their price objective on First Citizens BancShares from $2,500.00 to $2,600.00 and gave the stock an "outperform" rating in a report on Monday, January 27th. 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. StockNews.com upgraded First Citizens BancShares from a "sell" rating to a "hold" rating in a research report on Saturday, February 1st. Truist Financial lifted their price objective on shares of First Citizens BancShares from $2,303.00 to $2,384.00 and gave the stock a "hold" rating in a research note on Wednesday, January 29th. Finally, The Goldman Sachs Group lowered their target price on shares of First Citizens BancShares from $2,535.00 to $2,200.00 and set a "buy" rating for the company in a research note on Tuesday, March 18th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $2,346.09.

First Citizens BancShares 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.