Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna Invests $861,000 in Citizens Financial Group, Inc. $CFG

Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna purchased a new position in shares of Citizens Financial Group, Inc. (NYSE:CFG) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 14,736 shares of the bank’s stock, valued at approximately $861,000.

Other hedge funds have also made changes to their positions in the company. Channing Capital Management LLC acquired a new stake in shares of Citizens Financial Group during the third quarter worth approximately $7,528,000. Envestnet Asset Management Inc. grew its position in shares of Citizens Financial Group by 25.7% during the third quarter. Envestnet Asset Management Inc. now owns 687,602 shares of the bank’s stock worth $36,553,000 after buying an additional 140,641 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Citizens Financial Group by 5.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 504,595 shares of the bank’s stock worth $29,968,000 after buying an additional 25,180 shares in the last quarter. Dynamic Advisor Solutions LLC acquired a new position in Citizens Financial Group in the fourth quarter worth $2,412,000. Finally, Krilogy Financial LLC acquired a new position in Citizens Financial Group in the third quarter worth $1,182,000. Institutional investors and hedge funds own 94.90% of the company’s stock.

Insider Buying and Selling at Citizens Financial Group

In other news, insider Susan Lamonica sold 13,258 shares of the business’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $58.04, for a total transaction of $769,494.32. Following the completion of the transaction, the insider owned 165,971 shares of the company’s stock, valued at approximately $9,632,956.84. The trade was a 7.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Michelle Moosally sold 6,050 shares of the business’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $62.16, for a total transaction of $376,068.00. Following the transaction, the insider directly owned 22,565 shares of the company’s stock, valued at approximately $1,402,640.40. This trade represents a 21.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.67% of the company’s stock.

Citizens Financial Group Stock Performance

Shares of CFG opened at $64.09 on Friday. Citizens Financial Group, Inc. has a 1 year low of $40.17 and a 1 year high of $68.79. The company has a market cap of $27.10 billion, a price-to-earnings ratio of 15.15, a price-to-earnings-growth ratio of 0.51 and a beta of 0.68. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.84 and a current ratio of 0.85. The firm has a fifty day moving average of $62.84 and a 200-day moving average of $60.81.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings results on Thursday, April 16th. The bank reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.03. Citizens Financial Group had a net margin of 16.21% and a return on equity of 8.31%. The company had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter in the previous year, the company posted $0.77 earnings per share. The company’s revenue for the quarter was up 12.0% compared to the same quarter last year. As a group, equities analysts anticipate that Citizens Financial Group, Inc. will post 5.2 earnings per share for the current year.

Citizens Financial Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Thursday, April 30th were issued a dividend of $0.46 per share. The ex-dividend date of this dividend was Thursday, April 30th. This represents a $1.84 annualized dividend and a dividend yield of 2.9%. Citizens Financial Group’s payout ratio is 43.50%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. DA Davidson lifted their price objective on shares of Citizens Financial Group from $73.00 to $74.00 and gave the stock a “buy” rating in a report on Monday, April 20th. JPMorgan Chase & Co. lifted their price objective on shares of Citizens Financial Group from $68.00 to $68.50 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Citigroup reaffirmed a “buy” rating on shares of Citizens Financial Group in a report on Friday, May 8th. Royal Bank Of Canada lifted their price objective on shares of Citizens Financial Group from $67.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, April 17th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Citizens Financial Group from $70.00 to $72.00 and gave the stock an “outperform” rating in a report on Friday, April 17th. Nineteen research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $70.88.

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.