OMERS ADMINISTRATION Corp Has $2.25 Million Position in Citizens Financial Group, Inc. $CFG

OMERS ADMINISTRATION Corp lifted its holdings in Citizens Financial Group, Inc. (NYSE:CFG) by 126.9% in the 1st quarter, HoldingsChannel.com reports. The fund owned 37,578 shares of the bank’s stock after buying an additional 21,014 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Citizens Financial Group were worth $2,254,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in CFG. Parallel Advisors LLC increased its holdings in Citizens Financial Group by 2.9% in the fourth quarter. Parallel Advisors LLC now owns 6,078 shares of the bank’s stock worth $355,000 after purchasing an additional 172 shares in the last quarter. AA Financial Advisors LLC grew its stake in shares of Citizens Financial Group by 3.9% in the 4th quarter. AA Financial Advisors LLC now owns 4,657 shares of the bank’s stock valued at $272,000 after buying an additional 174 shares during the period. Inscription Capital LLC increased its position in Citizens Financial Group by 1.6% in the 4th quarter. Inscription Capital LLC now owns 10,902 shares of the bank’s stock valued at $637,000 after buying an additional 175 shares in the last quarter. Clear Harbor Asset Management LLC raised 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 worth $1,150,000 after buying an additional 175 shares during the period. Finally, MGO One Seven LLC boosted its holdings in Citizens Financial Group by 3.7% in the fourth quarter. MGO One Seven LLC now owns 5,270 shares of the bank’s stock worth $308,000 after acquiring an additional 187 shares in the last quarter. Institutional investors own 94.90% of the company’s stock.

Insider Activity at Citizens Financial Group

In related news, CEO Saun Bruce Van sold 129,369 shares of the firm’s stock in a transaction that occurred on Friday, July 24th. The shares were 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. This trade represents a 10.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michelle Moosally sold 6,050 shares of Citizens Financial Group 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 $1,402,640.40. This represents a 21.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.67% of the stock is currently owned by company insiders.

Citizens Financial Group Stock Up 2.5%

Shares of NYSE CFG opened at $72.91 on Wednesday. Citizens Financial Group, Inc. has a one year low of $45.90 and a one year high of $74.70. The business’s fifty day moving average price is $67.91 and its 200-day moving average price is $64.22. The stock has a market capitalization of $30.83 billion, a PE ratio of 15.82, a P/E/G ratio of 0.54 and a beta of 0.67. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.86 and a quick ratio of 0.85.

Citizens Financial Group (NYSE:CFG) last issued its earnings results on Thursday, July 16th. The bank reported $1.30 earnings per share 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 analyst estimates of $2.25 billion. Citizens Financial Group had a net margin of 17.18% and a return on equity of 8.85%. The company’s quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter last year, the business earned $0.92 earnings per share. On average, equities research analysts anticipate that Citizens Financial Group, Inc. will post 5.3 EPS for the current year.

Citizens Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 13th. Investors of record on Thursday, July 30th will be paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Thursday, July 30th. Citizens Financial Group’s dividend payout ratio is presently 39.91%.

Analyst Ratings Changes

CFG has been the subject of a number of recent research reports. Citigroup boosted their price target on shares of Citizens Financial Group from $78.00 to $84.00 and gave the company a “buy” rating in a research note on Monday, July 20th. Cantor Fitzgerald increased their price objective on Citizens Financial Group from $75.00 to $80.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 15th. Royal Bank Of Canada increased their price target on Citizens Financial Group from $70.00 to $79.00 and gave the company an “outperform” rating in a research report on Friday, July 17th. Barclays boosted their price target on shares of Citizens Financial Group from $77.00 to $81.00 and gave the stock an “overweight” rating in a report on Friday, July 17th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Citizens Financial Group from $68.50 to $76.00 and gave the stock an “overweight” rating in a research report on Monday, July 6th. Seventeen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.55.

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.