Sit Investment Associates Inc. raised its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG – Free Report) by 15.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 125,225 shares of the bank’s stock after acquiring an additional 17,225 shares during the quarter. Sit Investment Associates Inc.’s holdings in Citizens Financial Group were worth $7,314,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Parallel Advisors LLC lifted its holdings in shares of Citizens Financial Group by 2.9% in the fourth quarter. Parallel Advisors LLC now owns 6,078 shares of the bank’s stock valued at $355,000 after purchasing an additional 172 shares in the last quarter. AA Financial Advisors LLC increased its stake in shares of Citizens Financial Group by 3.9% during 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 in the last quarter. Inscription Capital LLC raised its position in shares of Citizens Financial Group by 1.6% during the 4th quarter. Inscription Capital LLC now owns 10,902 shares of the bank’s stock worth $637,000 after purchasing an additional 175 shares during the last quarter. Clear Harbor Asset Management LLC raised its position in shares of Citizens Financial Group by 0.9% during the 4th quarter. Clear Harbor Asset Management LLC now owns 19,694 shares of the bank’s stock worth $1,150,000 after purchasing an additional 175 shares during the last quarter. Finally, Grove Bank & Trust lifted its stake 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 in the last quarter. Institutional investors and hedge funds own 94.90% of the company’s stock.
Insider Buying and Selling
In other news, insider Michelle Moosally sold 6,050 shares of the company’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $62.16, for a total transaction of $376,068.00. Following the completion of the transaction, the insider owned 22,565 shares of the company’s stock, valued at $1,402,640.40. This represents a 21.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.67% of the stock is owned by company insiders.
Analyst Ratings Changes
Get Our Latest Analysis on CFG
Citizens Financial Group Trading Up 0.1%
Shares of Citizens Financial Group stock opened at $67.11 on Friday. Citizens Financial Group, Inc. has a fifty-two week low of $41.37 and a fifty-two week high of $68.79. The business’s fifty day moving average is $64.07 and its two-hundred day moving average is $61.79. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.51. The firm has a market cap of $28.38 billion, a PE ratio of 15.87, a P/E/G ratio of 0.53 and a beta of 0.68.
Citizens Financial Group (NYSE:CFG – Get Free Report) last announced its quarterly earnings data on Thursday, April 16th. The bank reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.03. The business had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.16 billion. Citizens Financial Group had a return on equity of 8.31% and a net margin of 16.21%.The business’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.77 earnings per share. Analysts anticipate that Citizens Financial Group, Inc. will post 5.2 earnings per share for the current year.
Citizens Financial Group Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Thursday, April 30th were paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Thursday, April 30th. Citizens Financial Group’s dividend payout ratio (DPR) is presently 43.50%.
Citizens Financial Group 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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