Citizens Financial Group, Inc. (NYSE:CFG – Get Free Report) CEO Saun Bruce Van sold 129,369 shares of the company’s stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $72.07, for a total transaction of $9,323,623.83. Following the completion of the sale, the chief executive officer directly owned 1,140,763 shares in the company, valued at $82,214,789.41. This trade represents a 10.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Citizens Financial Group Trading Up 2.5%
Shares of CFG opened at $72.91 on Wednesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.86 and a quick ratio of 0.85. Citizens Financial Group, Inc. has a 1-year low of $45.90 and a 1-year high of $74.70. The stock has a market cap of $30.83 billion, a price-to-earnings ratio of 15.82, a price-to-earnings-growth ratio of 0.54 and a beta of 0.67. The firm has a 50 day simple moving average of $67.91 and a 200-day simple moving average of $64.22.
Citizens Financial Group (NYSE:CFG – Get Free Report) last posted its earnings results on Thursday, July 16th. The bank reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.05. The firm had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.25 billion. Citizens Financial Group had a return on equity of 8.85% and a net margin of 17.18%.Citizens Financial Group’s revenue was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.92 EPS. Equities analysts forecast that Citizens Financial Group, Inc. will post 5.3 EPS for the current fiscal year.
Citizens Financial Group Announces Dividend
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of CFG. NewEdge Advisors LLC raised its stake in Citizens Financial Group by 2.4% during the first quarter. NewEdge Advisors LLC now owns 11,531 shares of the bank’s stock worth $472,000 after purchasing an additional 274 shares during the period. Empowered Funds LLC grew its stake 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 buying an additional 554 shares during the period. Woodline Partners LP increased 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 worth $1,513,000 after buying an additional 10,466 shares during the last quarter. Sivia Capital Partners LLC increased 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 worth $439,000 after buying an additional 4,739 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its position in shares of Citizens Financial Group by 5.2% in the 2nd quarter. Daiwa Securities Group Inc. now owns 65,564 shares of the bank’s stock worth $2,934,000 after buying an additional 3,225 shares during the period. 94.90% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of analysts recently commented on CFG shares. Royal Bank Of Canada increased their price objective on Citizens Financial Group from $70.00 to $79.00 and gave the company an “outperform” rating in a research note on Friday, July 17th. Weiss Ratings upgraded shares of Citizens Financial Group from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 6th. Truist Financial raised their price target on shares of Citizens Financial Group from $72.00 to $80.00 and gave the stock a “hold” rating in a research note on Tuesday, July 21st. Keefe, Bruyette & Woods lifted their price target on shares of Citizens Financial Group from $75.00 to $90.00 and gave the stock an “outperform” rating in a report on Friday, July 17th. Finally, Jefferies Financial Group boosted their price objective on shares of Citizens Financial Group from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, July 16th. Seventeen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $78.55.
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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