BNP Paribas Financial Markets trimmed its position in shares of Citizens Financial Group, Inc. (NYSE:CFG – Free Report) by 28.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 627,219 shares of the bank’s stock after selling 247,791 shares during the period. BNP Paribas Financial Markets’ holdings in Citizens Financial Group were worth $36,636,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of CFG. NewEdge Advisors LLC grew its position in Citizens Financial Group by 2.4% during the 1st quarter. NewEdge Advisors LLC now owns 11,531 shares of the bank’s stock valued at $472,000 after purchasing an additional 274 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of Citizens Financial Group by 6.7% during the 1st quarter. Empowered Funds LLC now owns 8,838 shares of the bank’s stock valued at $362,000 after acquiring an additional 554 shares during the last quarter. Woodline Partners LP boosted its holdings in shares of Citizens Financial Group by 39.5% during the 1st quarter. Woodline Partners LP now owns 36,932 shares of the bank’s stock valued at $1,513,000 after acquiring an additional 10,466 shares during the last quarter. Sivia Capital Partners LLC boosted its holdings in shares of Citizens Financial Group by 93.4% during the 2nd quarter. Sivia Capital Partners LLC now owns 9,814 shares of the bank’s stock valued at $439,000 after acquiring an additional 4,739 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its holdings in shares of Citizens Financial Group by 5.2% during the 2nd quarter. Daiwa Securities Group Inc. now owns 65,564 shares of the bank’s stock valued at $2,934,000 after acquiring an additional 3,225 shares during the last quarter. 94.90% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other Citizens Financial Group news, insider Michelle Moosally sold 6,050 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $62.16, for a total transaction of $376,068.00. Following the sale, the insider owned 22,565 shares in the company, valued at approximately $1,402,640.40. This trade represents a 21.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Susan Lamonica sold 13,258 shares of the firm’s stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $58.04, for a total transaction of $769,494.32. Following the sale, the insider owned 165,971 shares in the company, valued at approximately $9,632,956.84. The trade was a 7.40% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.67% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
View Our Latest Report on Citizens Financial Group
Citizens Financial Group Price Performance
NYSE CFG opened at $61.54 on Thursday. Citizens Financial Group, Inc. has a 12 month low of $39.69 and a 12 month high of $68.79. The stock has a market cap of $26.03 billion, a price-to-earnings ratio of 14.55, a PEG ratio of 0.49 and a beta of 0.68. The company’s 50 day moving average is $62.65 and its two-hundred day moving average is $60.70. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.51.
Citizens Financial Group (NYSE:CFG – Get Free Report) last released its earnings results on Thursday, April 16th. The bank reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.03. Citizens Financial Group had a net margin of 16.21% and a return on equity of 8.31%. The company had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $2.16 billion. During the same quarter last year, the business earned $0.77 EPS. The firm’s revenue was up 12.0% compared to the same quarter last year. As a group, research analysts anticipate that Citizens Financial Group, Inc. will post 5.2 earnings per share for the current year.
Citizens Financial Group Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Thursday, April 30th were paid a dividend of $0.46 per share. The ex-dividend date was Thursday, April 30th. This represents a $1.84 dividend on an annualized basis and a yield of 3.0%. Citizens Financial Group’s dividend payout ratio (DPR) is presently 43.50%.
Citizens Financial Group Company Profile
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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