Osmosis Investment Management UK Ltd Takes $1.27 Million Position in Citizens Financial Group, Inc. $CFG

Osmosis Investment Management UK Ltd acquired a new position in shares of Citizens Financial Group, Inc. (NYSE:CFGFree Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 18,130 shares of the bank’s stock, valued at approximately $1,270,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Geode Capital Management LLC grew its holdings in shares of Citizens Financial Group by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 11,361,142 shares of the bank’s stock worth $661,052,000 after purchasing an additional 32,264 shares during the last quarter. Jupiter Asset Management Ltd. raised its holdings in Citizens Financial Group by 45.9% in the 4th quarter. Jupiter Asset Management Ltd. now owns 270,484 shares of the bank’s stock valued at $15,799,000 after buying an additional 85,052 shares during the last quarter. Todd Asset Management LLC boosted its position in Citizens Financial Group by 10.6% during the 4th quarter. Todd Asset Management LLC now owns 991,510 shares of the bank’s stock worth $57,914,000 after buying an additional 94,774 shares during the period. HighTower Advisors LLC boosted its position in Citizens Financial Group by 51.8% during the 4th quarter. HighTower Advisors LLC now owns 58,648 shares of the bank’s stock worth $3,426,000 after buying an additional 20,008 shares during the period. Finally, Systematic Financial Management LP grew its holdings in Citizens Financial Group by 20.7% during the 4th quarter. Systematic Financial Management LP now owns 100,617 shares of the bank’s stock worth $5,877,000 after acquiring an additional 17,225 shares during the last quarter. Institutional investors own 94.90% of the company’s stock.

Insiders Place Their Bets

In other news, 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 transaction, the chief executive officer owned 1,140,763 shares in the company, valued at approximately $82,214,789.41. This represents a 10.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.67% of the company’s stock.

Citizens Financial Group Price Performance

Citizens Financial Group stock opened at $70.23 on Tuesday. The stock has a market capitalization of $29.58 billion, a price-to-earnings ratio of 15.23, a PEG ratio of 0.53 and a beta of 0.67. Citizens Financial Group, Inc. has a 52-week low of $47.96 and a 52-week 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’s 50 day moving average price is $71.22 and its two-hundred day moving average price is $65.59.

Citizens Financial Group (NYSE:CFGGet Free Report) last released its quarterly earnings data on Thursday, July 16th. The bank reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.05. Citizens Financial Group had a net margin of 17.18% and a return on equity of 8.85%. The company had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.25 billion. During the same quarter in the previous year, the business posted $0.92 EPS. Citizens Financial Group’s revenue for the quarter was up 12.1% compared to the same quarter last year. On average, equities analysts predict that Citizens Financial Group, Inc. will post 5.3 earnings per share for the current year.

Citizens Financial Group Announces Dividend

The business also recently declared 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 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Thursday, July 30th. Citizens Financial Group’s payout ratio is 39.91%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CFG. Evercore restated an “outperform” rating and issued a $80.00 price target on shares of Citizens Financial Group in a research report on Monday, July 6th. Weiss Ratings reissued a “buy (b)” rating on shares of Citizens Financial Group in a research note on Monday, August 3rd. JPMorgan Chase & Co. boosted their price objective on shares of Citizens Financial Group from $76.00 to $78.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Stephens raised their target price on Citizens Financial Group from $68.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Friday, July 17th. Finally, Argus set a $80.00 target price on Citizens Financial Group in a report on Wednesday, July 29th. Sixteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Citizens Financial Group presently has an average rating of “Moderate Buy” and a consensus price target of $79.25.

Check Out Our Latest Report on CFG

About Citizens Financial Group

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Citizens Financial Group (NYSE:CFG)

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