Interval Partners LP acquired a new stake in shares of Citizens Financial Group, Inc. (NYSE:CFG – Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 256,282 shares of the bank’s stock, valued at approximately $9,300,000.
Several other hedge funds also recently modified their holdings of the company. Larson Financial Group LLC acquired a new position in Citizens Financial Group in the fourth quarter valued at $33,000. Quarry LP increased its stake in shares of Citizens Financial Group by 183.1% during the 4th quarter. Quarry LP now owns 1,104 shares of the bank’s stock valued at $37,000 after acquiring an additional 714 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of Citizens Financial Group by 77.6% during the 4th quarter. Blue Trust Inc. now owns 1,314 shares of the bank’s stock worth $44,000 after acquiring an additional 574 shares during the period. Mather Group LLC. acquired a new stake in shares of Citizens Financial Group in the first quarter worth approximately $68,000. Finally, Harvest Fund Management Co. Ltd grew its holdings in Citizens Financial Group by 904.2% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 2,139 shares of the bank’s stock valued at $71,000 after purchasing an additional 1,926 shares during the period. 94.90% of the stock is owned by institutional investors and hedge funds.
Citizens Financial Group Stock Up 0.4 %
Shares of NYSE CFG traded up $0.18 during trading on Tuesday, reaching $43.18. 5,560,802 shares of the stock were exchanged, compared to its average volume of 5,530,791. The business’s 50-day moving average price is $36.61 and its 200 day moving average price is $34.68. The company has a market capitalization of $19.65 billion, a price-to-earnings ratio of 15.77, a price-to-earnings-growth ratio of 1.55 and a beta of 1.10. Citizens Financial Group, Inc. has a twelve month low of $22.77 and a twelve month high of $43.96. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.60.
Citizens Financial Group Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 14th. Shareholders of record on Wednesday, July 31st will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, July 31st. This represents a $1.68 dividend on an annualized basis and a yield of 3.89%. Citizens Financial Group’s dividend payout ratio (DPR) is presently 60.87%.
Insiders Place Their Bets
In other news, insider Craig Jack Read sold 3,938 shares of the stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $43.26, for a total transaction of $170,357.88. Following the completion of the transaction, the insider now directly owns 33,620 shares in the company, valued at approximately $1,454,401.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.62% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on the stock. Stephens increased their price target on shares of Citizens Financial Group from $40.00 to $42.00 and gave the stock an “overweight” rating in a research note on Friday, July 19th. Raymond James started coverage on Citizens Financial Group in a report on Thursday, July 11th. They issued a “market perform” rating on the stock. StockNews.com upgraded Citizens Financial Group from a “sell” rating to a “hold” rating in a research note on Sunday, May 5th. Morgan Stanley raised their price objective on Citizens Financial Group from $38.00 to $41.00 and gave the stock an “equal weight” rating in a report on Thursday, July 18th. Finally, Citigroup boosted their target price on Citizens Financial Group from $39.00 to $43.00 and gave the stock a “buy” rating in a report on Friday, April 19th. Ten investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $41.60.
Get Our Latest Stock Report on CFG
Citizens Financial Group Profile
Citizens Financial Group, Inc operates as the bank holding company that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, corporations, and institutions in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.
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