Csenge Advisory Group purchased a new stake in shares of Citizens Financial Group, Inc. (NYSE:CFG – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 12,396 shares of the bank’s stock, valued at approximately $869,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Johnson Financial Group Inc. purchased a new stake in Citizens Financial Group in the second quarter worth about $125,000. Tocqueville Asset Management L.P. purchased a new position in shares of Citizens Financial Group during the 2nd quarter valued at about $368,000. Bruni J V & Co. Co. purchased a new position in shares of Citizens Financial Group during the 2nd quarter valued at about $67,108,281,000. Great Lakes Advisors LLC bought a new position in shares of Citizens Financial Group during the 2nd quarter valued at approximately $489,000. Finally, Compass Wealth Management LLC bought a new position in shares of Citizens Financial Group during the 2nd quarter valued at approximately $750,000. Hedge funds and other institutional investors own 94.90% of the company’s stock.
Wall Street Analyst Weigh In
CFG has been the topic of a number of recent analyst reports. Truist Financial raised their target price 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. Cantor Fitzgerald upped their price target on shares of Citizens Financial Group from $80.00 to $84.00 and gave the stock an “overweight” rating in a research report on Wednesday. Jefferies Financial Group increased their price objective on shares of Citizens Financial Group from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, July 16th. Robert W. Baird raised their price objective on shares of Citizens Financial Group from $72.00 to $75.00 and gave the company a “neutral” rating in a research report on Friday, July 17th. Finally, Stephens raised their price objective on shares of Citizens Financial Group from $68.00 to $70.00 and gave the company an “equal weight” rating in a research report on Friday, July 17th. Sixteen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Citizens Financial Group currently has an average rating of “Moderate Buy” and an average target price of $79.25.
Insider Buying and Selling at Citizens Financial Group
In other news, CEO Saun Bruce Van sold 129,369 shares of the business’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 sale, the chief executive officer directly owned 1,140,763 shares in the company, valued at $82,214,789.41. The trade was a 10.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.67% of the stock is currently owned by company insiders.
Citizens Financial Group Stock Down 3.7%
NYSE CFG opened at $70.75 on Thursday. The stock has a 50 day moving average price of $71.04 and a 200-day moving average price of $65.48. 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 company has a market capitalization of $29.80 billion, a P/E ratio of 15.35, a P/E/G ratio of 0.56 and a beta of 0.67.
Citizens Financial Group (NYSE:CFG – Get Free Report) last announced its quarterly earnings results on Thursday, July 16th. The bank reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.05. The company had revenue of $2.28 billion for the quarter, compared to analysts’ expectations of $2.25 billion. Citizens Financial Group had a net margin of 17.18% and a return on equity of 8.85%. Citizens Financial Group’s quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.92 earnings per share. As a group, equities analysts predict that Citizens Financial Group, Inc. will post 5.3 EPS for the current fiscal year.
Citizens Financial Group Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Thursday, July 30th were paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Thursday, July 30th. Citizens Financial Group’s dividend payout ratio (DPR) is presently 39.91%.
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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