TD Private Client Wealth LLC Has $2.09 Million Holdings in First Citizens BancShares, Inc. (NASDAQ:FCNCA)

TD Private Client Wealth LLC lessened its holdings in First Citizens BancShares, Inc. (NASDAQ:FCNCA) by 1.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 988 shares of the bank’s stock after selling 19 shares during the period. TD Private Client Wealth LLC’s holdings in First Citizens BancShares were worth $2,088,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. M&T Bank Corp lifted its position in 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 acquiring an additional 5 shares during the last quarter. Mather Group LLC. lifted its position in First Citizens BancShares by 38.5% during the 4th quarter. Mather Group LLC. now owns 18 shares of the bank’s stock worth $38,000 after acquiring an additional 5 shares during the last quarter. Private Advisor Group LLC lifted its position in First Citizens BancShares by 3.0% during the 4th quarter. Private Advisor Group LLC now owns 172 shares of the bank’s stock worth $363,000 after acquiring an additional 5 shares during the last quarter. Exencial Wealth Advisors LLC lifted its position 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 acquiring an additional 5 shares during the last quarter. Finally, Hemington Wealth Management lifted its position in First Citizens BancShares by 60.0% during the 4th quarter. Hemington Wealth Management now owns 16 shares of the bank’s stock worth $33,000 after acquiring an additional 6 shares during the last quarter. Institutional investors and hedge funds own 78.01% of the company’s stock.

First Citizens BancShares Price Performance

Shares of FCNCA stock opened at $1,851.20 on Friday. First Citizens BancShares, Inc. has a 1 year low of $1,518.00 and a 1 year high of $2,412.93. The firm’s 50 day moving average is $2,052.67 and its 200-day moving average is $2,055.18. The firm has a market capitalization of $25.13 billion, a price-to-earnings ratio of 9.77, a PEG ratio of 0.94 and a beta of 0.81. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.68.

First Citizens BancShares (NASDAQ:FCNCA) last announced its earnings results on Friday, January 24th. The bank reported $45.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $39.32 by $5.78. First Citizens BancShares had a net margin of 18.55% and a return on equity of 13.22%. Sell-side analysts forecast that First Citizens BancShares, Inc. will post 167.59 EPS for the current fiscal year.

First Citizens BancShares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were issued a $1.95 dividend. The ex-dividend date was Friday, February 28th. This represents a $7.80 annualized dividend and a yield of 0.42%. First Citizens BancShares’s dividend payout ratio is currently 4.12%.

Insider Activity at First Citizens BancShares

In other news, CFO Craig L. Nix bought 17 shares of the stock in a transaction on Friday, March 7th. The stock was purchased at an average price of $1,881.13 per share, with a total value of $31,979.21. Following the completion of the purchase, the chief financial officer now owns 1,141 shares of the company’s stock, 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 SEC, which is available at the SEC website. 13.40% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently issued reports on FCNCA shares. Barclays boosted their price objective on shares of First Citizens BancShares from $2,456.00 to $2,568.00 and gave the stock an “equal weight” rating in a report on Monday, January 27th. Citigroup downgraded shares of First Citizens BancShares from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 17th. The Goldman Sachs Group dropped their price objective on shares of First Citizens BancShares from $2,535.00 to $2,200.00 and set a “buy” rating on the stock in a report on Tuesday, March 18th. UBS Group started coverage on shares of First Citizens BancShares in a report on Tuesday, December 17th. They set a “buy” rating and a $2,700.00 price objective on the stock. Finally, StockNews.com upgraded shares of First Citizens BancShares from a “sell” rating to a “hold” rating in a report on Saturday, February 1st. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $2,288.08.

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.