Royal London Asset Management Ltd. raised its stake in First Citizens BancShares, Inc. (NASDAQ:FCNCA - Free Report) by 3.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,870 shares of the bank's stock after acquiring an additional 328 shares during the quarter. Royal London Asset Management Ltd. owned about 0.06% of First Citizens BancShares worth $16,329,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of FCNCA. V Square Quantitative Management LLC bought a new position in shares of First Citizens BancShares during the second quarter worth approximately $35,000. Brooklyn Investment Group bought a new position in shares of First Citizens BancShares during the third quarter worth approximately $39,000. Gradient Investments LLC bought a new position in shares of First Citizens BancShares during the second quarter worth approximately $52,000. Blue Trust Inc. increased its holdings 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 during the period. Finally, GAMMA Investing LLC increased its holdings in shares of First Citizens BancShares by 129.6% during the third quarter. GAMMA Investing LLC now owns 62 shares of the bank's stock worth $114,000 after purchasing an additional 35 shares during the period. 61.18% of the stock is owned by institutional investors.

FCNCA has been the topic of several recent research reports. Wedbush lowered their target price on shares of First Citizens BancShares from $2,150.00 to $2,000.00 and set a "neutral" rating on the stock in a report on Friday, October 25th. Keefe, Bruyette & Woods cut shares of First Citizens BancShares from an "outperform" rating to a "market perform" rating and lifted their price objective for the company from $2,100.00 to $2,500.00 in a research note on Wednesday. JPMorgan Chase & Co. decreased their price objective 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 note on Friday, October 25th. The Goldman Sachs Group lifted their price objective on shares of First Citizens BancShares from $2,025.00 to $2,625.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. Finally, StockNews.com raised shares of First Citizens BancShares from a "sell" rating to a "hold" rating in a research note on Thursday, November 14th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, First Citizens BancShares currently has a consensus rating of "Hold" and a consensus target price of $2,113.40.

Read Our Latest Stock Analysis on First Citizens BancShares

Shares of First Citizens BancShares stock opened at $2,196.60 on Friday. 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 $30.73 billion, a P/E ratio of 12.58 and a beta of 0.83. The company's 50 day moving average price is $2,088.79 and its two-hundred day moving average price is $1,928.08. 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 - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The bank reported $45.87 earnings per share for the quarter, missing the consensus estimate of $47.40 by ($1.53). The firm had revenue of $2.45 billion for the quarter, compared to analysts' expectations of $2.36 billion. First Citizens BancShares had a return on equity of 13.63% and a net margin of 17.36%. During the same quarter last year, the firm posted $55.92 earnings per share. On average, equities analysts forecast that First Citizens BancShares, Inc. will post 187.88 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be given a dividend of $1.95 per share. This is an increase from First Citizens BancShares's previous quarterly dividend of $1.64. This represents a $7.80 dividend on an annualized basis and a dividend yield of 0.36%. The ex-dividend date is Friday, November 29th. First Citizens BancShares's dividend payout ratio is currently 4.47%.

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.

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