Interval Partners LP Invests $9.30 Million in Citizens Financial Group, Inc. (NYSE:CFG)

Interval Partners LP acquired a new stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) 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 (NYSE:CFG) last posted its quarterly earnings data on Wednesday, July 17th. The bank reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.01). Citizens Financial Group had a net margin of 10.74% and a return on equity of 6.21%. The firm had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.95 billion. During the same period in the previous year, the company earned $0.92 earnings per share. The business’s quarterly revenue was down 6.3% on a year-over-year basis. As a group, equities analysts forecast that Citizens Financial Group, Inc. will post 3.24 EPS for the current fiscal year.

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.

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.