Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna acquired a new stake in shares of Citizens Financial Group, Inc. (NYSE:CFG – Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 14,736 shares of the bank’s stock, valued at approximately $861,000.
A number of other hedge funds and other institutional investors have also modified their holdings of CFG. Activest Wealth Management raised its stake in shares of Citizens Financial Group by 5,600.0% during the fourth quarter. Activest Wealth Management now owns 513 shares of the bank’s stock valued at $30,000 after purchasing an additional 504 shares in the last quarter. State of Wyoming bought a new stake in shares of Citizens Financial Group during the second quarter valued at about $39,000. Fortitude Family Office LLC raised its stake in shares of Citizens Financial Group by 632.0% during the fourth quarter. Fortitude Family Office LLC now owns 710 shares of the bank’s stock valued at $41,000 after purchasing an additional 613 shares in the last quarter. Kestra Investment Management LLC raised its stake in shares of Citizens Financial Group by 2,703.0% during the second quarter. Kestra Investment Management LLC now owns 925 shares of the bank’s stock valued at $41,000 after purchasing an additional 892 shares in the last quarter. Finally, Elyxium Wealth LLC bought a new stake in shares of Citizens Financial Group during the fourth quarter valued at about $50,000. 94.90% of the stock is currently owned by institutional investors.
Citizens Financial Group Price Performance
Shares of Citizens Financial Group stock opened at $64.09 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.51. The company’s 50-day moving average price is $62.84 and its two-hundred day moving average price is $60.81. Citizens Financial Group, Inc. has a 52 week low of $40.17 and a 52 week high of $68.79. The stock has a market cap of $27.10 billion, a PE ratio of 15.15, a price-to-earnings-growth ratio of 0.51 and a beta of 0.68.
Citizens Financial Group Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Thursday, April 30th were issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 2.9%. The ex-dividend date was Thursday, April 30th. Citizens Financial Group’s payout ratio is presently 43.50%.
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on the stock. DA Davidson boosted their price target on shares of Citizens Financial Group from $73.00 to $74.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. Weiss Ratings upgraded shares of Citizens Financial Group from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, May 6th. Keefe, Bruyette & Woods boosted their price target on shares of Citizens Financial Group from $70.00 to $72.00 and gave the stock an “outperform” rating in a research report on Friday, April 17th. Evercore reiterated an “outperform” rating and issued a $75.00 price target on shares of Citizens Financial Group in a research report on Tuesday, April 21st. Finally, Citigroup reiterated a “buy” rating on shares of Citizens Financial Group in a research report on Friday, May 8th. Nineteen analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $70.88.
View Our Latest Research Report on Citizens Financial Group
Insider Activity
In other Citizens Financial Group news, insider Susan Lamonica sold 13,258 shares of the business’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $58.04, for a total transaction of $769,494.32. Following the sale, the insider owned 165,971 shares in the company, valued at approximately $9,632,956.84. The trade was a 7.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michelle Moosally sold 6,050 shares of the business’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $62.16, for a total value of $376,068.00. Following the sale, the insider owned 22,565 shares in the company, valued at approximately $1,402,640.40. The trade was a 21.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.67% of the stock is currently owned by insiders.
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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