169,975 Shares in Citizens Financial Group, Inc. $CFG Purchased by NFJ Investment Group LLC

NFJ Investment Group LLC bought a new stake in Citizens Financial Group, Inc. (NYSE:CFG) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 169,975 shares of the bank’s stock, valued at approximately $11,910,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC boosted its holdings in Citizens Financial Group by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 11,361,142 shares of the bank’s stock valued at $661,052,000 after purchasing an additional 32,264 shares during the last quarter. Jupiter Asset Management Ltd. grew its position in Citizens Financial Group by 45.9% during the 4th quarter. Jupiter Asset Management Ltd. now owns 270,484 shares of the bank’s stock worth $15,799,000 after purchasing an additional 85,052 shares during the period. Todd Asset Management LLC raised its stake in shares of Citizens Financial Group by 10.6% during the 4th quarter. Todd Asset Management LLC now owns 991,510 shares of the bank’s stock valued at $57,914,000 after buying an additional 94,774 shares during the last quarter. HighTower Advisors LLC raised its stake in shares of Citizens Financial Group by 51.8% during the 4th quarter. HighTower Advisors LLC now owns 58,648 shares of the bank’s stock valued at $3,426,000 after buying an additional 20,008 shares during the last quarter. Finally, Systematic Financial Management LP lifted its holdings in shares of Citizens Financial Group by 20.7% in the 4th quarter. Systematic Financial Management LP now owns 100,617 shares of the bank’s stock valued at $5,877,000 after buying an additional 17,225 shares during the period. Institutional investors and hedge funds own 94.90% of the company’s stock.

Citizens Financial Group Price Performance

Shares of Citizens Financial Group stock opened at $69.77 on Friday. 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 twelve month low of $47.96 and a twelve month high of $75.33. The business has a 50-day moving average price of $71.10 and a 200 day moving average price of $65.53. The firm has a market cap of $29.39 billion, a PE ratio of 15.13, a P/E/G ratio of 0.54 and a beta of 0.67.

Citizens Financial Group (NYSE:CFG) last released its quarterly 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 company 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%.Citizens Financial Group’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.92 EPS. Sell-side analysts predict that Citizens Financial Group, Inc. will post 5.3 earnings per share for the current fiscal year.

Citizens Financial Group Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on CFG shares. Robert W. Baird upped their target price on Citizens Financial Group from $72.00 to $75.00 and gave the stock a “neutral” rating in a research note on Friday, July 17th. Argus set a $80.00 price target on Citizens Financial Group in a research report on Wednesday, July 29th. Cantor Fitzgerald boosted 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. Truist Financial upped their price objective on Citizens Financial Group from $72.00 to $80.00 and gave the stock a “hold” rating in a research report on Tuesday, July 21st. Finally, JPMorgan Chase & Co. raised their price objective on shares of Citizens Financial Group from $76.00 to $78.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Sixteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $79.25.

Insider Buying and Selling at Citizens Financial Group

In other news, CEO Saun Bruce Van sold 129,369 shares of the company’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 transaction 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 $82,214,789.41. This represents a 10.19% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.67% of the stock is currently owned by insiders.

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.