Citizens Financial Group Inc RI grew its holdings in Citizens Financial Group Inc (NYSE:CFG) by 378.0% during the first quarter, Holdings Channel.com reports. The firm owned 6,004 shares of the bank’s stock after acquiring an additional 4,748 shares during the period. Citizens Financial Group Inc RI’s holdings in Citizens Financial Group were worth $112,000 at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of the business. Foundry Partners LLC boosted its stake in Citizens Financial Group by 13.4% in the first quarter. Foundry Partners LLC now owns 660,926 shares of the bank’s stock worth $12,432,000 after purchasing an additional 78,205 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in Citizens Financial Group by 17.7% in the first quarter. PNC Financial Services Group Inc. now owns 3,416,186 shares of the bank’s stock worth $64,259,000 after purchasing an additional 513,395 shares in the last quarter. Aigen Investment Management LP acquired a new position in Citizens Financial Group in the first quarter worth $1,282,000. Cambridge Investment Research Advisors Inc. boosted its stake in Citizens Financial Group by 90.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 27,854 shares of the bank’s stock worth $524,000 after purchasing an additional 13,262 shares in the last quarter. Finally, Mackay Shields LLC boosted its stake in Citizens Financial Group by 74.5% in the first quarter. Mackay Shields LLC now owns 118,480 shares of the bank’s stock worth $2,229,000 after purchasing an additional 50,600 shares in the last quarter. 95.62% of the stock is currently owned by institutional investors.
In other Citizens Financial Group news, insider Brendan Coughlin sold 4,500 shares of the stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $22.21, for a total value of $99,945.00. Following the completion of the sale, the insider now directly owns 77,348 shares in the company, valued at $1,717,899.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Charles John Koch purchased 5,000 shares of the stock in a transaction on Wednesday, April 22nd. The stock was acquired at an average price of $19.76 per share, with a total value of $98,800.00. Following the completion of the acquisition, the director now directly owns 88,924 shares of the company’s stock, valued at $1,757,138.24. The disclosure for this purchase can be found here. Insiders acquired 24,165 shares of company stock valued at $562,136 over the last 90 days. Corporate insiders own 0.44% of the company’s stock.
Several equities analysts have recently issued reports on CFG shares. UBS Group raised Citizens Financial Group from a “neutral” rating to a “buy” rating in a research note on Monday, May 4th. Citigroup cut their price target on Citizens Financial Group from $34.00 to $24.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 8th. ValuEngine lowered Citizens Financial Group from a “hold” rating to a “sell” rating in a research note on Friday, May 1st. Wedbush upped their price target on Citizens Financial Group from $26.00 to $27.00 and gave the company an “outperform” rating in a research note on Monday, April 20th. Finally, Zacks Investment Research raised Citizens Financial Group from a “sell” rating to a “hold” rating and set a $19.00 price target on the stock in a research note on Thursday, April 30th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company’s stock. Citizens Financial Group currently has an average rating of “Buy” and a consensus price target of $33.95.
NYSE CFG opened at $21.35 on Friday. The stock has a 50-day simple moving average of $20.40 and a 200 day simple moving average of $31.72. The company has a market capitalization of $9.11 billion, a PE ratio of 7.07, a P/E/G ratio of 4.64 and a beta of 1.84. The company has a current ratio of 0.99, a quick ratio of 0.96 and a debt-to-equity ratio of 0.81. Citizens Financial Group Inc has a 12 month low of $14.12 and a 12 month high of $41.29.
Citizens Financial Group (NYSE:CFG) last released its quarterly earnings data on Friday, April 17th. The bank reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.17). The company had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.61 billion. Citizens Financial Group had a net margin of 17.23% and a return on equity of 6.89%. During the same quarter in the prior year, the company posted $0.92 EPS. As a group, sell-side analysts predict that Citizens Financial Group Inc will post 0.8 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 13th. Shareholders of record on Wednesday, April 29th were issued a $0.39 dividend. The ex-dividend date was Tuesday, April 28th. This represents a $1.56 annualized dividend and a dividend yield of 7.31%. Citizens Financial Group’s dividend payout ratio (DPR) is currently 40.63%.
Citizens Financial Group Profile
Citizens Financial Group, Inc operates as the bank holding company for Citizens Bank, National Association and Citizens Bank of Pennsylvania that provides retail and commercial banking products and services in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.
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