CX Institutional Takes $207,000 Position in Citizens Financial Group, Inc. (NYSE:CFG)

CX Institutional acquired a new position in Citizens Financial Group, Inc. (NYSE:CFG) during the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 5,753 shares of the bank’s stock, valued at approximately $207,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in CFG. Contravisory Investment Management Inc. acquired a new position in Citizens Financial Group in the second quarter worth approximately $462,000. CWM LLC boosted its stake in shares of Citizens Financial Group by 77.1% during the 2nd quarter. CWM LLC now owns 40,699 shares of the bank’s stock worth $1,466,000 after acquiring an additional 17,718 shares in the last quarter. Lynx Investment Advisory acquired a new position in shares of Citizens Financial Group in the 2nd quarter worth $344,000. Mather Group LLC. raised its position in shares of Citizens Financial Group by 75.9% during the second quarter. Mather Group LLC. now owns 3,626 shares of the bank’s stock worth $132,000 after purchasing an additional 1,565 shares during the period. Finally, Versant Capital Management Inc lifted its holdings in shares of Citizens Financial Group by 262.8% during the second quarter. Versant Capital Management Inc now owns 936 shares of the bank’s stock valued at $34,000 after purchasing an additional 678 shares during the last quarter. 94.90% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Citizens Financial Group news, insider Craig Jack Read sold 3,938 shares of the firm’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $43.26, for a total transaction of $170,357.88. Following the transaction, the insider now directly owns 33,620 shares in the company, valued at $1,454,401.20. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.62% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on CFG shares. Citigroup lifted their price target on Citizens Financial Group from $39.00 to $43.00 and gave the stock a “buy” rating in a research note on Friday, April 19th. Jefferies Financial Group lifted their target price on shares of Citizens Financial Group from $36.00 to $37.00 and gave the stock a “hold” rating in a research report on Wednesday, July 3rd. UBS Group boosted their price target on shares of Citizens Financial Group from $42.00 to $46.00 and gave the company a “buy” rating in a report on Thursday, July 18th. DA Davidson raised their price objective on shares of Citizens Financial Group from $41.00 to $46.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Finally, Royal Bank of Canada boosted their target price on shares of Citizens Financial Group from $35.00 to $43.00 and gave the company an “outperform” rating in a research note on Thursday, July 18th. Ten investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $42.20.

Citizens Financial Group Stock Down 0.2 %

Shares of CFG traded down $0.08 during midday trading on Friday, reaching $39.69. 1,287,719 shares of the stock were exchanged, compared to its average volume of 5,522,529. The company has a market cap of $18.06 billion, a price-to-earnings ratio of 14.41, a P/E/G ratio of 1.46 and a beta of 1.10. 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, Inc. has a 12-month low of $22.77 and a 12-month high of $43.96. The firm has a 50 day simple moving average of $37.40 and a 200-day simple moving average of $35.10.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings data on Wednesday, July 17th. The bank reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.01). The firm had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.95 billion. Citizens Financial Group had a return on equity of 6.21% and a net margin of 10.74%. The company’s quarterly revenue was down 6.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.92 EPS. Research analysts forecast that Citizens Financial Group, Inc. will post 3.24 EPS for the current year.

Citizens Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 14th. Investors of record on Wednesday, July 31st will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 4.23%. The ex-dividend date of this dividend is Wednesday, July 31st. Citizens Financial Group’s payout ratio is presently 60.87%.

About Citizens Financial Group

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.