Man Group plc Has $501,000 Holdings in Community Bank System, Inc. (NYSE:CBU)

Man Group plc trimmed its holdings in Community Bank System, Inc. (NYSE:CBU - Free Report) by 72.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,118 shares of the bank's stock after selling 21,167 shares during the period. Man Group plc's holdings in Community Bank System were worth $501,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Barclays PLC grew its position in Community Bank System by 99.0% in the third quarter. Barclays PLC now owns 109,647 shares of the bank's stock worth $6,367,000 after acquiring an additional 54,554 shares in the last quarter. Principal Financial Group Inc. grew its position in Community Bank System by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 254,869 shares of the bank's stock worth $15,720,000 after acquiring an additional 7,160 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Community Bank System in the fourth quarter worth approximately $687,000. Sei Investments Co. boosted its holdings in shares of Community Bank System by 264.8% during the 4th quarter. Sei Investments Co. now owns 33,239 shares of the bank's stock worth $2,050,000 after buying an additional 24,127 shares during the period. Finally, Norges Bank bought a new stake in shares of Community Bank System during the 4th quarter worth $34,779,000. 73.79% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of Community Bank System from a "sell" rating to a "hold" rating in a report on Friday, May 16th.

Community Bank System Stock Performance

Shares of NYSE CBU traded down $0.37 during trading hours on Friday, hitting $56.31. 189,665 shares of the stock were exchanged, compared to its average volume of 256,906. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.76 and a quick ratio of 0.76. The company's 50 day moving average is $55.28 and its 200 day moving average is $60.91. The firm has a market capitalization of $2.98 billion, a P/E ratio of 16.37 and a beta of 0.77. Community Bank System, Inc. has a one year low of $42.16 and a one year high of $73.39.

Community Bank System (NYSE:CBU - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The bank reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.02. The business had revenue of $196.20 million during the quarter, compared to the consensus estimate of $197.13 million. Community Bank System had a net margin of 19.40% and a return on equity of 10.94%. Community Bank System's quarterly revenue was up 10.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.18 EPS. On average, research analysts expect that Community Bank System, Inc. will post 4.18 EPS for the current year.

Community Bank System Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Friday, June 13th will be paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 3.27%. The ex-dividend date is Friday, June 13th. Community Bank System's payout ratio is currently 50.97%.

Community Bank System Company Profile

Community Bank System, Inc operates as the bank holding company for Community Bank, N.A. that provides various banking and other financial services to retail, commercial, institutional, and municipal customers. It operates through three segments: Banking, Employee Benefit Services, and All Other. The company offers various deposits products, such as interest and noninterest -bearing checking, savings, and money market deposit accounts, as well as time deposits.