Great West Life Assurance Company Decreased First Ctzns Bancshares Inc N (NASDAQ:FCNCA) Stake By $19.47 Million

August 12, 2018 - By Rene Reddy

First Citizens BancShares, Inc. (NASDAQ:FCNCA) LogoInvestors sentiment is 0.94 in Q1 2018. Its the same as in 2017Q4. It has no change, as 6 investors sold FCNCA shares while 56 reduced holdings. only 27 funds opened positions while 31 raised stakes. 5.35 million shares or 0.74% less from 5.39 million shares in 2017Q4 were reported. Stratos Wealth Partners Ltd reported 1,000 shares stake. Metropolitan Life Co New York has 0% invested in First Citizens BancShares, Inc. (NASDAQ:FCNCA). State Street owns 153,907 shares for 0.01% of their portfolio. Cardinal Mngmt accumulated 498 shares. National Bank & Trust Of Mellon Corp owns 44,622 shares. Wells Fargo And Mn holds 0.03% of its portfolio in First Citizens BancShares, Inc. (NASDAQ:FCNCA) for 213,731 shares. Guggenheim Limited Co accumulated 0.01% or 5,533 shares. Ubs Asset Mngmt Americas Inc reported 0% of its portfolio in First Citizens BancShares, Inc. (NASDAQ:FCNCA). Convergence holds 0% or 44 shares. Basswood Mgmt Ltd invested in 15,028 shares. New York State Common Retirement Fund reported 8,200 shares stake. Menta Capital Ltd Limited Liability Company holds 3,335 shares or 0.29% of its portfolio. 2,808 are held by Legal & General Group Plc. Piermont Capital Mngmt Inc has invested 1.1% in First Citizens BancShares, Inc. (NASDAQ:FCNCA). Cannell Peter B & reported 4,682 shares.

Since May 8, 2018, it had 11 insider purchases, and 0 insider sales for $904,764 activity. 11 First Citizens BancShares, Inc. (NASDAQ:FCNCA) shares with value of $4,814 were bought by Hoppe Robert R. 50 shares were bought by DURHAM HAROLD LEE JR, worth $20,350 on Thursday, June 28. BRISTOW PETER M bought $38,500 worth of stock. Another trade for 200 shares valued at $78,000 was bought by Holding Olivia Britton. HOLDING FRANK B bought $78,000 worth of stock. Bristow Claire H bought $38,500 worth of stock or 100 shares.

Great West Life Assurance Company decreased its stake in First Ctzns Bancshares Inc N (NASDAQ:FCNCA) by 24.51% based on its latest 2018Q2 regulatory filing with the SEC. Great West Life Assurance Company sold 48,321 shares as the company’s stock rose 3.07% while stock markets declined. The institutional investor held 148,803 shares of the finance company at the end of 2018Q2, valued at $59.98M, down from 197,124 at the end of the previous reported quarter. Great West Life Assurance Company who had been investing in First Ctzns Bancshares Inc N for a number of months, seems to be less bullish one the $5.26B market cap company. The stock increased 0.42% or $1.86 during the last trading session, reaching $441.61. About 38,355 shares traded. First Citizens BancShares, Inc. (NASDAQ:FCNCA) has risen 31.85% since August 13, 2017 and is uptrending. It has outperformed by 19.28% the S&P500.

First Citizens BancShares, Inc. operates as the holding firm for First-Citizens Bank & Trust Company that provides banking services to retail and commercial customers. The company has market cap of $5.26 billion. The Company’s deposit products include checking, savings, money market and time deposit accounts. It has a 16.84 P/E ratio. The company's loan products portfolio comprises commercial construction and land development, commercial mortgage, commercial and industrial, lease financing, and other commercial real estate loans; and noncommercial construction and land development, residential mortgage, revolving mortgage, consumer loans, and construction and land development loans.

More recent First Citizens BancShares, Inc. (NASDAQ:FCNCA) news were published by: Bizjournals.com which released: “Raleigh’s First Citizens to buy coastal South Carolina bank” on July 26, 2018. Also Globenewswire.com published the news titled: “First Citizens Bank, Palmetto Heritage Bancshares, Inc. Announce Merger Agreement” on July 25, 2018. Globenewswire.com‘s news article titled: “First Citizens BancShares Declares Dividend” with publication date: July 26, 2018 was also an interesting one.

First Citizens BancShares, Inc. (NASDAQ:FCNCA) Institutional Positions Chart

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