Citizens Financial Group Inc. RI purchased a new position in Citizens Financial Group, Inc. (NYSE:CFG – Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 314,979 shares of the bank’s stock, valued at approximately $22,071,000. Citizens Financial Group Inc. RI owned 0.07% of Citizens Financial Group at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Buckland Partners Management Co LLC purchased a new stake in shares of Citizens Financial Group in the second quarter valued at approximately $5,045,000. BlackRock Inc. purchased a new position in shares of Citizens Financial Group during the 2nd quarter valued at approximately $3,415,046,000. Pallas Capital Advisors LLC purchased a new position in shares of Citizens Financial Group during the 2nd quarter valued at approximately $1,391,000. Deutsche Bank AG acquired a new stake in Citizens Financial Group in the 2nd quarter valued at $174,108,000. Finally, Perigon Wealth Management LLC acquired a new stake in Citizens Financial Group in the 2nd quarter valued at $568,000. Institutional investors and hedge funds own 94.90% of the company’s stock.
Insider Activity at Citizens Financial Group
In other news, CEO Saun Bruce Van sold 129,369 shares of the firm’s stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $72.07, for a total value of $9,323,623.83. Following the transaction, the chief executive officer directly owned 1,140,763 shares of the company’s stock, valued at approximately $82,214,789.41. This trade represents a 10.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.67% of the stock is owned by company insiders.
Analysts Set New Price Targets
Read Our Latest Analysis on CFG
Citizens Financial Group Stock Down 0.5%
Shares of CFG opened at $74.39 on Tuesday. The stock has a 50 day moving average price of $70.77 and a 200 day moving average price of $65.36. Citizens Financial Group, Inc. has a one year low of $47.96 and a one year high of $75.33. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.85 and a current ratio of 0.86. The stock has a market capitalization of $31.33 billion, a price-to-earnings ratio of 16.14, a PEG ratio of 0.57 and a beta of 0.67.
Citizens Financial Group (NYSE:CFG – Get Free Report) last announced its quarterly earnings data on Thursday, July 16th. The bank reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.05. Citizens Financial Group had a return on equity of 8.85% and a net margin of 17.18%.The company had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.25 billion. During the same quarter last year, the firm posted $0.92 EPS. The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. Equities research analysts forecast that Citizens Financial Group, Inc. will post 5.3 earnings per share for the current fiscal year.
Citizens Financial Group Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Thursday, July 30th were given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Thursday, July 30th. Citizens Financial Group’s dividend payout ratio is 39.91%.
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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