66,846 Shares in Citizens Financial Group, Inc. $CFG Acquired by Bellwether Advisors LLC

Bellwether Advisors LLC acquired a new stake in Citizens Financial Group, Inc. (NYSE:CFG) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 66,846 shares of the bank’s stock, valued at approximately $4,009,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of Citizens Financial Group during the fourth quarter worth $26,000. Cedar Mountain Advisors LLC acquired a new stake in shares of Citizens Financial Group in the first quarter valued at about $27,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in shares of Citizens Financial Group in the fourth quarter worth about $29,000. Activest Wealth Management lifted its stake in shares of Citizens Financial Group by 5,600.0% in the fourth quarter. Activest Wealth Management now owns 513 shares of the bank’s stock worth $30,000 after buying an additional 504 shares in the last quarter. Finally, DV Equities LLC acquired a new position in Citizens Financial Group during the fourth quarter worth about $35,000. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Insider Activity at Citizens Financial Group

In related news, insider Michelle Moosally sold 6,050 shares of the stock in a transaction that occurred 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. This trade represents a 21.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. DA Davidson upped their price objective on shares of Citizens Financial Group from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Friday. Citigroup raised their target price on shares of Citizens Financial Group from $78.00 to $84.00 and gave the stock a “buy” rating in a research note on Monday. Truist Financial boosted their target price on Citizens Financial Group from $72.00 to $80.00 and gave the stock a “hold” rating in a report on Tuesday. Evercore restated an “outperform” rating and issued a $80.00 price target on shares of Citizens Financial Group in a research report on Monday, July 6th. Finally, Weiss Ratings upgraded Citizens Financial Group from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, May 6th. Seventeen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $78.55.

Citizens Financial Group Stock Performance

Shares of Citizens Financial Group stock opened at $71.93 on Wednesday. The firm has a market cap of $30.42 billion, a PE ratio of 15.60, a price-to-earnings-growth ratio of 0.55 and a beta of 0.67. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 0.63. Citizens Financial Group, Inc. has a 52 week low of $45.90 and a 52 week high of $74.70. The business’s fifty day simple moving average is $66.81 and its 200-day simple moving average is $63.81.

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 net margin of 17.18% and a return on equity of 8.85%. The firm had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.25 billion. During the same period in the previous year, the firm earned $0.92 EPS. Citizens Financial Group’s revenue was up 12.1% on a year-over-year basis. Equities analysts forecast that Citizens Financial Group, Inc. will post 5.27 earnings per share for the current year.

Citizens Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 13th. Stockholders of record on Thursday, July 30th will be issued a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Thursday, July 30th. Citizens Financial Group’s dividend payout ratio is currently 39.91%.

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.