One Wealth Advisors LLC Makes New $836,000 Investment in Citizens Financial Group, Inc. $CFG

One Wealth Advisors LLC acquired a new position in shares of Citizens Financial Group, Inc. (NYSE:CFG) in the 2nd quarter, Holdings Channel reports. The fund acquired 11,927 shares of the bank’s stock, valued at approximately $836,000.

A number of other large investors have also recently made changes to their positions in CFG. Parallel Advisors LLC increased its position in shares of Citizens Financial Group by 2.9% in the 4th quarter. Parallel Advisors LLC now owns 6,078 shares of the bank’s stock valued at $355,000 after acquiring an additional 172 shares during the period. Inscription Capital LLC lifted its position in Citizens Financial Group by 1.6% during the 4th quarter. Inscription Capital LLC now owns 10,902 shares of the bank’s stock worth $637,000 after acquiring an additional 175 shares during the period. Clear Harbor Asset Management LLC grew its stake in Citizens Financial Group by 0.9% during the 4th quarter. Clear Harbor Asset Management LLC now owns 19,694 shares of the bank’s stock valued at $1,150,000 after purchasing an additional 175 shares during the last quarter. MGO One Seven LLC grew its stake in Citizens Financial Group by 3.7% during the 4th quarter. MGO One Seven LLC now owns 5,270 shares of the bank’s stock valued at $308,000 after purchasing an additional 187 shares during the last quarter. Finally, Summit Financial LLC increased its holdings in shares of Citizens Financial Group by 2.5% in the fourth quarter. Summit Financial LLC now owns 7,719 shares of the bank’s stock valued at $451,000 after purchasing an additional 187 shares during the period. 94.90% of the stock is owned by hedge funds and other institutional investors.

Citizens Financial Group Price Performance

Shares of CFG opened at $74.72 on Friday. The business’s 50-day moving average is $70.56 and its two-hundred day moving average is $65.26. The company has a market capitalization of $31.47 billion, a P/E ratio of 16.21, a P/E/G ratio of 0.57 and a beta of 0.67. Citizens Financial Group, Inc. has a fifty-two week low of $47.96 and a fifty-two week high of $74.86. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.85 and a current ratio of 0.86.

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

Citizens Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Thursday, July 30th were given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 2.5%. The ex-dividend date was Thursday, July 30th. Citizens Financial Group’s dividend payout ratio (DPR) is currently 39.91%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. UBS Group raised their price objective on Citizens Financial Group from $75.00 to $82.00 and gave the stock a “buy” rating in a research note on Tuesday, July 7th. Barclays upped their target price on Citizens Financial Group from $77.00 to $81.00 and gave the company an “overweight” rating in a research report on Friday, July 17th. Morgan Stanley increased their price target on shares of Citizens Financial Group from $73.00 to $79.00 and gave the stock an “overweight” rating in a report on Monday, June 29th. Weiss Ratings reissued a “buy (b)” rating on shares of Citizens Financial Group in a research report on Monday, August 3rd. Finally, DA Davidson restated a “neutral” rating on shares of Citizens Financial Group in a research note on Friday. Sixteen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $79.05.

Insiders Place Their Bets

In other Citizens Financial Group news, CEO Saun Bruce Van sold 129,369 shares of the business’s stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $72.07, for a total value of $9,323,623.83. Following the completion of the transaction, the chief executive officer directly owned 1,140,763 shares of the company’s stock, valued at approximately $82,214,789.41. The trade was a 10.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.67% of the company’s stock.

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.