Goldman Sachs Group Inc. Purchases 3,172 Shares of First Citizens BancShares Inc. (NASDAQ:FCNCA)

Goldman Sachs Group Inc. raised its position in shares of First Citizens BancShares Inc. (NASDAQ:FCNCA) by 17.3% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 21,521 shares of the bank’s stock after purchasing an additional 3,172 shares during the quarter. Goldman Sachs Group Inc. owned 0.21% of First Citizens BancShares worth $8,717,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in FCNCA. AQR Capital Management LLC boosted its holdings in shares of First Citizens BancShares by 38.5% during the 1st quarter. AQR Capital Management LLC now owns 155,195 shares of the bank’s stock valued at $50,282,000 after acquiring an additional 43,173 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in shares of First Citizens BancShares by 16.5% during the 1st quarter. Wells Fargo & Company MN now owns 189,886 shares of the bank’s stock valued at $63,207,000 after acquiring an additional 26,829 shares during the last quarter. BNP Paribas Arbitrage SA boosted its holdings in shares of First Citizens BancShares by 1,214.4% during the 1st quarter. BNP Paribas Arbitrage SA now owns 9,372 shares of the bank’s stock valued at $3,120,000 after acquiring an additional 8,659 shares during the last quarter. WINTON GROUP Ltd boosted its holdings in shares of First Citizens BancShares by 61.8% during the 2nd quarter. WINTON GROUP Ltd now owns 17,945 shares of the bank’s stock valued at $7,268,000 after acquiring an additional 6,851 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in shares of First Citizens BancShares by 198.8% during the 1st quarter. Janus Henderson Group PLC now owns 9,982 shares of the bank’s stock valued at $3,323,000 after acquiring an additional 6,641 shares during the last quarter. Institutional investors and hedge funds own 42.51% of the company’s stock.

FCNCA opened at $352.21 on Wednesday. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.18. The company has a market cap of $3.46 billion, a price-to-earnings ratio of 8.59 and a beta of 1.29. The company’s 50 day moving average is $401.66 and its 200 day moving average is $379.33. First Citizens BancShares Inc. has a 12-month low of $276.08 and a 12-month high of $542.12.

First Citizens BancShares (NASDAQ:FCNCA) last posted its quarterly earnings data on Tuesday, July 28th. The bank reported $14.74 earnings per share (EPS) for the quarter. The company had revenue of $502.80 million for the quarter. First Citizens BancShares had a net margin of 23.23% and a return on equity of 11.86%.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 5th. Shareholders of record on Monday, September 14th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.45%. The ex-dividend date is Friday, September 11th.

A number of brokerages have recently issued reports on FCNCA. BidaskClub downgraded shares of First Citizens BancShares from a “sell” rating to a “strong sell” rating in a report on Thursday, September 3rd. TheStreet raised shares of First Citizens BancShares from a “c+” rating to a “b-” rating in a report on Wednesday, August 26th.

First Citizens BancShares Profile

First Citizens BancShares, Inc operates as the holding company for First-Citizens Bank & Trust Company that provides banking services to retail and commercial customers. Its deposit products include checking, savings, money market and time deposit accounts. 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.

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Institutional Ownership by Quarter for First Citizens BancShares (NASDAQ:FCNCA)

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