TD Private Client Wealth LLC Has $1.85 Million Holdings in First Citizens BancShares, Inc. (NASDAQ:FCNCA)

TD Private Client Wealth LLC raised its position in First Citizens BancShares, Inc. (NASDAQ:FCNCA) by 1.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,007 shares of the bank’s stock after buying an additional 10 shares during the period. TD Private Client Wealth LLC’s holdings in First Citizens BancShares were worth $1,854,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FCNCA. Cetera Advisors LLC acquired a new position in First Citizens BancShares in the first quarter valued at about $391,000. V Square Quantitative Management LLC acquired a new position in shares of First Citizens BancShares during the second quarter worth approximately $35,000. Swedbank AB lifted its position in shares of First Citizens BancShares by 2.2% during the second quarter. Swedbank AB now owns 2,403 shares of the bank’s stock worth $4,046,000 after purchasing an additional 52 shares in the last quarter. Blue Trust Inc. lifted its position in shares of First Citizens BancShares by 120.0% during the second quarter. Blue Trust Inc. now owns 66 shares of the bank’s stock worth $108,000 after purchasing an additional 36 shares in the last quarter. Finally, Gradient Investments LLC acquired a new position in shares of First Citizens BancShares during the second quarter worth approximately $52,000. 78.01% of the stock is currently owned by institutional investors and hedge funds.

First Citizens BancShares Trading Down 1.1 %

Shares of NASDAQ FCNCA opened at $2,074.88 on Friday. The company’s 50 day simple moving average is $2,110.72 and its 200 day simple moving average is $1,936.47. First Citizens BancShares, Inc. has a fifty-two week low of $1,363.97 and a fifty-two week high of $2,388.78. The firm has a market capitalization of $29.03 billion, a P/E ratio of 11.89 and a beta of 0.83. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.08 and a quick ratio of 1.08.

First Citizens BancShares (NASDAQ:FCNCA) last issued its earnings results on Thursday, October 24th. The bank reported $45.87 EPS 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 during the quarter, compared to the consensus estimate of $2.36 billion. During the same period in the previous year, the company posted $55.92 EPS. On average, analysts predict 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 paid a $1.95 dividend. This represents a $7.80 annualized dividend and a yield of 0.38%. The ex-dividend date is Friday, November 29th. This is an increase from First Citizens BancShares’s previous quarterly dividend of $1.64. First Citizens BancShares’s dividend payout ratio is presently 4.47%.

Analyst Ratings Changes

FCNCA has been the topic of a number of research reports. Keefe, Bruyette & Woods lowered shares of First Citizens BancShares from an “outperform” rating to a “market perform” rating and upped their target price for the stock from $2,100.00 to $2,500.00 in a research report on Wednesday, December 4th. JPMorgan Chase & Co. reduced their target price on shares of First Citizens BancShares from $2,550.00 to $2,300.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of First Citizens BancShares in a research report on Monday. They set a “buy” rating and a $2,600.00 target price on the stock. The Goldman Sachs Group upped their target price on shares of First Citizens BancShares from $2,025.00 to $2,625.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Finally, StockNews.com upgraded shares of First Citizens BancShares from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th. Six investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $2,157.64.

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.