On Wednesday, Shares of People’s United Financial, Inc. (NASDAQ:PBCT), added 5.05% and closed at $17.49 in the last trading session. The last trading range of the stock ranges between $16.51 and $17.59. People’s United Bank, N.A. recently declared completion of the acquisition of Gerstein Fisher, a $3 billion, New York City-based investment administration firm, by its partner, People’s Securities, Inc. The combined company brings People’s United Wealth Administration’s total assets under administration to over $20 billion, of which about $8 billion is under discretionary administration.
Founded in 1993 and featured in Barron’s “Top 100 Financial Advisors” list for six successive years, Gerstein Fisher manages assets using a quantitative Multi-Factor® approach, which structures portfolios to overweight the factors that leading-edge academic research has identified as having the potential to deliver improved returns.
“We are excited to officially integrate the know-how of Gerstein Fisher’s talented team with that of our own Wealth Administration group,” said Jack Barnes, President and Chief Executive Officer. “Gerstein Fisher’s client focus, respected quantitative investment approach and scalable technology-facilitated platform will greatly benefit our broader, shared market.”
Whole Foods Market, Inc. (NASDAQ:WFM), jumped 2.73% and closed at $29.68 in the last trading session. The last trading range of the stock ranges between $28.15 and $29.86. The company’s Market capitalization is $9.45 Billion with the total Outstanding Shares of 318.30 million. Whole Foods Market, Inc. operates natural and organic foods supermarkets. Its stores offers produce, packaged goods, bulk, frozen, dairy, meat, bakery, prepared foods, coffee, tea, beer, wine, cheese, nutritional supplements, vitamins, body care, pet foods, grocery, and household goods. As of January 28, 2016, the company had about 434 stores in the United States, Canada, and the United Kingdom.