Callan Family Office LLC Purchases Shares of 24,045 Citizens Financial Group, Inc. $CFG

Callan Family Office LLC bought a new position in Citizens Financial Group, Inc. (NYSE:CFG) during the second quarter, Holdings Channel reports. The firm bought 24,045 shares of the bank’s stock, valued at approximately $1,685,000.

Several other large investors have also bought and sold shares of CFG. Fund Advisors of America Inc FL purchased a new position in shares of Citizens Financial Group in the 2nd quarter worth approximately $389,000. Keating Financial Advisory Services Inc. purchased a new stake in Citizens Financial Group in the 2nd quarter worth about $35,000. OneAscent Financial Services LLC purchased a new position in shares of Citizens Financial Group in the second quarter worth about $206,000. Allworth Financial LP purchased a new position in Citizens Financial Group in the 2nd quarter valued at approximately $889,000. Finally, B. Metzler seel. Sohn & Co. AG bought a new stake in shares of Citizens Financial Group during the 2nd quarter valued at $4,380,000. 94.90% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on CFG. Keefe, Bruyette & Woods upped their target price on shares of Citizens Financial Group from $75.00 to $90.00 and gave the stock an “outperform” rating in a report on Friday, July 17th. Argus set a $80.00 target price on Citizens Financial Group in a research note on Wednesday, July 29th. Cantor Fitzgerald raised their price target on Citizens Financial Group from $80.00 to $84.00 and gave the company an “overweight” rating in a report on Wednesday, August 19th. Evercore reaffirmed an “outperform” rating and issued a $80.00 price target on shares of Citizens Financial Group in a report on Monday, July 6th. Finally, Morgan Stanley lifted their price target on Citizens Financial Group from $73.00 to $79.00 and gave the company an “overweight” rating in a research report on Monday, June 29th. Sixteen equities 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, the company has an average rating of “Moderate Buy” and an average price target of $79.25.

Insider Buying and Selling

In other Citizens Financial Group news, CEO Saun Bruce Van sold 129,369 shares of Citizens Financial Group stock in a transaction that occurred on 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 directly owned 1,140,763 shares of the company’s stock, valued at approximately $82,214,789.41. This trade represents a 10.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.67% of the stock is owned by insiders.

Citizens Financial Group Trading Down 0.0%

NYSE CFG opened at $69.84 on Monday. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 0.63. The stock’s 50-day simple moving average is $71.15 and its two-hundred day simple moving average is $65.57. Citizens Financial Group, Inc. has a twelve month low of $47.96 and a twelve month high of $75.33. The company has a market capitalization of $29.42 billion, a price-to-earnings ratio of 15.15, a PEG ratio of 0.53 and a beta of 0.67.

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

Citizens Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Thursday, July 30th were given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Thursday, July 30th. Citizens Financial Group’s dividend payout ratio (DPR) is presently 39.91%.

Citizens Financial Group 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.