Swiss Life Asset Management Ltd increased its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG – Free Report) by 14.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 98,017 shares of the bank’s stock after acquiring an additional 12,122 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in Citizens Financial Group were worth $5,725,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of CFG. AA Financial Advisors LLC raised its position in Citizens Financial Group by 3.9% in the 4th quarter. AA Financial Advisors LLC now owns 4,657 shares of the bank’s stock worth $272,000 after purchasing an additional 174 shares during the last quarter. Inscription Capital LLC boosted its position in Citizens Financial Group by 1.6% in the 4th quarter. Inscription Capital LLC now owns 10,902 shares of the bank’s stock valued at $637,000 after buying an additional 175 shares during the last quarter. Grove Bank & Trust boosted its position in Citizens Financial Group by 19.8% in the 4th quarter. Grove Bank & Trust now owns 1,107 shares of the bank’s stock valued at $65,000 after buying an additional 183 shares during the last quarter. MGO One Seven LLC increased its stake in shares of Citizens Financial Group by 3.7% in the 4th quarter. MGO One Seven LLC now owns 5,270 shares of the bank’s stock valued at $308,000 after buying an additional 187 shares during the period. Finally, CRA Financial Services LLC increased its stake in shares of Citizens Financial Group by 4.6% in the 4th quarter. CRA Financial Services LLC now owns 4,477 shares of the bank’s stock valued at $262,000 after buying an additional 195 shares during the period. Institutional investors and hedge funds own 94.90% of the company’s stock.
Insider Transactions at Citizens Financial Group
In other Citizens Financial Group news, insider Susan Lamonica sold 13,258 shares of the company’s stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $58.04, for a total value of $769,494.32. Following the completion of the sale, the insider owned 165,971 shares of the company’s stock, valued at approximately $9,632,956.84. This represents a 7.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.67% of the company’s stock.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Analysis on Citizens Financial Group
Citizens Financial Group Trading Down 2.5%
NYSE:CFG opened at $60.41 on Thursday. Citizens Financial Group, Inc. has a 1-year low of $38.80 and a 1-year high of $68.79. The business’s 50-day moving average price is $61.36 and its two-hundred day moving average price is $59.57. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $25.54 billion, a price-to-earnings ratio of 14.28, a PEG ratio of 0.49 and a beta of 0.70.
Citizens Financial Group (NYSE:CFG – Get Free Report) last posted its earnings results on Thursday, April 16th. The bank reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.03. The company had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.16 billion. Citizens Financial Group had a return on equity of 8.31% and a net margin of 16.21%.The company’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.77 EPS. On average, equities analysts expect that Citizens Financial Group, Inc. will post 5.19 earnings per share for the current year.
Citizens Financial Group Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 14th. Investors of record on Thursday, April 30th will be paid a dividend of $0.46 per share. The ex-dividend date of this dividend is Thursday, April 30th. This represents a $1.84 annualized dividend and a yield of 3.0%. Citizens Financial Group’s dividend payout ratio (DPR) is presently 43.50%.
About Citizens Financial Group
Citizens Financial Group, Inc (NYSE: CFG) is a bank holding company that provides a broad range of banking and financial services to individuals, small and middle-market businesses, corporations and institutional clients. Headquartered in Providence, Rhode Island, Citizens conducts its banking operations principally through its primary banking subsidiary, Citizens Bank, and serves customers through a combination of branch locations, ATMs and digital channels. The company is publicly traded and operates under the regulatory framework applicable to U.S.
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Want to see what other hedge funds are holding CFG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Citizens Financial Group, Inc. (NYSE:CFG – Free Report).
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