Todd Asset Management LLC Raises Stock Position in Citizens Financial Group, Inc. $CFG

Todd Asset Management LLC boosted its position in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 10.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 991,510 shares of the bank’s stock after purchasing an additional 94,774 shares during the period. Citizens Financial Group makes up 1.1% of Todd Asset Management LLC’s holdings, making the stock its 28th biggest holding. Todd Asset Management LLC’s holdings in Citizens Financial Group were worth $57,914,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Activest Wealth Management raised its stake in Citizens Financial Group by 5,600.0% during the fourth quarter. Activest Wealth Management now owns 513 shares of the bank’s stock worth $30,000 after purchasing an additional 504 shares during the period. State of Wyoming acquired a new stake in shares of Citizens Financial Group during the second quarter valued at about $39,000. Fortitude Family Office LLC increased its position in shares of Citizens Financial Group by 632.0% during the fourth quarter. Fortitude Family Office LLC now owns 710 shares of the bank’s stock valued at $41,000 after acquiring an additional 613 shares during the last quarter. Kestra Investment Management LLC increased its position in shares of Citizens Financial Group by 2,703.0% during the second quarter. Kestra Investment Management LLC now owns 925 shares of the bank’s stock valued at $41,000 after acquiring an additional 892 shares during the last quarter. Finally, Elyxium Wealth LLC acquired a new stake in shares of Citizens Financial Group during the fourth quarter valued at about $50,000. 94.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CFG has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lifted their price target on shares of Citizens Financial Group from $68.00 to $68.50 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Evercore restated an “outperform” rating and issued a $75.00 price objective on shares of Citizens Financial Group in a report on Tuesday, April 21st. Morgan Stanley dropped their price objective on shares of Citizens Financial Group from $80.00 to $73.00 and set an “overweight” rating for the company in a report on Tuesday, March 31st. Keefe, Bruyette & Woods lifted their price objective on shares of Citizens Financial Group from $70.00 to $72.00 and gave the company an “outperform” rating in a report on Friday, April 17th. Finally, Royal Bank Of Canada lifted their price objective on shares of Citizens Financial Group from $67.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, April 17th. Nineteen investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Citizens Financial Group has a consensus rating of “Moderate Buy” and a consensus price target of $70.88.

Citizens Financial Group Trading Up 0.1%

Shares of Citizens Financial Group stock opened at $62.93 on Monday. The company has a fifty day simple moving average of $61.76 and a 200-day simple moving average of $60.10. Citizens Financial Group, Inc. has a 12-month low of $38.80 and a 12-month high of $68.79. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.51. The stock has a market cap of $26.61 billion, a price-to-earnings ratio of 14.88, a PEG ratio of 0.50 and a beta of 0.70.

Citizens Financial Group (NYSE:CFG) last issued its 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 business had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.16 billion. During the same quarter in the prior year, the business posted $0.77 EPS. The company’s revenue for the quarter was up 12.0% on a year-over-year basis. On average, equities analysts forecast that Citizens Financial Group, Inc. will post 5.19 EPS for the current fiscal year.

Citizens Financial Group Announces Dividend

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

Insider Buying and Selling at Citizens Financial Group

In other news, insider Susan Lamonica sold 13,258 shares of the company’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $58.04, for a total value of $769,494.32. Following the completion of the transaction, the insider owned 165,971 shares in the company, valued at approximately $9,632,956.84. This represents a 7.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Michelle Moosally sold 6,050 shares of the company’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 completion of the transaction, the insider owned 22,565 shares of the company’s stock, valued at approximately $1,402,640.40. The trade was a 21.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.67% of the company’s stock.

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.