Quantinno Capital Management LP boosted its position in Citizens Financial Group, Inc. (NYSE:CFG – Free Report) by 28.7% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 1,311,269 shares of the bank’s stock after acquiring an additional 292,591 shares during the quarter. Quantinno Capital Management LP’s holdings in Citizens Financial Group were worth $78,637,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in CFG. Parallel Advisors LLC boosted its holdings in Citizens Financial Group by 2.9% in the fourth quarter. Parallel Advisors LLC now owns 6,078 shares of the bank’s stock worth $355,000 after acquiring an additional 172 shares in the last quarter. AA Financial Advisors LLC increased its holdings in shares of Citizens Financial Group by 3.9% during the fourth quarter. AA Financial Advisors LLC now owns 4,657 shares of the bank’s stock valued at $272,000 after acquiring an additional 174 shares in the last quarter. Inscription Capital LLC increased its holdings in shares of Citizens Financial Group by 1.6% during the fourth quarter. Inscription Capital LLC now owns 10,902 shares of the bank’s stock valued at $637,000 after acquiring an additional 175 shares in the last quarter. Clear Harbor Asset Management LLC raised its position in shares of Citizens Financial Group by 0.9% during the fourth 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 period. Finally, MGO One Seven LLC raised its position in shares of Citizens Financial Group by 3.7% during the fourth quarter. MGO One Seven LLC now owns 5,270 shares of the bank’s stock worth $308,000 after purchasing an additional 187 shares during the period. 94.90% of the stock is owned by institutional investors and hedge funds.
Citizens Financial Group Stock Up 2.5%
CFG stock opened at $72.91 on Wednesday. The firm has a market capitalization of $30.83 billion, a PE ratio of 15.82, a P/E/G ratio of 0.54 and a beta of 0.67. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 0.63. Citizens Financial Group, Inc. has a twelve month low of $45.90 and a twelve month high of $74.70. The stock’s 50 day moving average is $67.91 and its 200-day moving average is $64.22.
Citizens Financial Group Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 13th. Shareholders of record on Thursday, July 30th will be paid a dividend of $0.46 per share. The ex-dividend date is Thursday, July 30th. This represents a $1.84 annualized dividend and a yield of 2.5%. Citizens Financial Group’s dividend payout ratio (DPR) is 39.91%.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on CFG. Keefe, Bruyette & Woods lifted their price target on shares of Citizens Financial Group from $75.00 to $90.00 and gave the company an “outperform” rating in a research report on Friday, July 17th. DA Davidson boosted their price target on shares of Citizens Financial Group from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, July 17th. Royal Bank Of Canada upped their price objective on shares of Citizens Financial Group from $70.00 to $79.00 and gave the stock an “outperform” rating in a report on Friday, July 17th. UBS Group raised their price objective on shares of Citizens Financial Group from $75.00 to $82.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. Finally, Jefferies Financial Group lifted their price objective on shares of Citizens Financial Group from $85.00 to $90.00 and gave the company a “buy” rating in a 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 currently has a consensus rating of “Moderate Buy” and a consensus target price of $78.55.
Get Our Latest Analysis on CFG
Insiders Place Their Bets
In other Citizens Financial Group news, insider Michelle Moosally sold 6,050 shares of Citizens Financial Group stock in a transaction 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 transaction, the insider directly owned 22,565 shares of the company’s stock, valued at $1,402,640.40. The trade was a 21.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Saun Bruce Van sold 129,369 shares of the company’s stock in a transaction on Friday, July 24th. The stock was 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 owned 1,140,763 shares of the company’s stock, valued at approximately $82,214,789.41. The trade was a 10.19% decrease in their position. The SEC filing for this sale provides additional information. 0.67% of the stock is owned by insiders.
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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