Citizens Financial Group, Inc. (NYSE:CFG) Shares Acquired by PGGM Investments

PGGM Investments boosted its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 21.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 44,557 shares of the bank’s stock after buying an additional 7,871 shares during the quarter. PGGM Investments’ holdings in Citizens Financial Group were worth $1,605,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Norges Bank purchased a new position in shares of Citizens Financial Group in the 4th quarter valued at about $117,372,000. Capital International Investors increased its stake in shares of Citizens Financial Group by 4.4% during the first quarter. Capital International Investors now owns 36,709,412 shares of the bank’s stock worth $1,332,185,000 after acquiring an additional 1,552,333 shares during the period. Hsbc Holdings PLC raised its stake in shares of Citizens Financial Group by 96.3% during the 4th quarter. Hsbc Holdings PLC now owns 2,472,122 shares of the bank’s stock worth $81,932,000 after buying an additional 1,212,642 shares in the last quarter. Franklin Resources Inc. lifted its holdings in Citizens Financial Group by 130.0% in the fourth quarter. Franklin Resources Inc. now owns 1,955,230 shares of the bank’s stock valued at $64,796,000 after acquiring an additional 1,105,011 shares during the period. Finally, KBC Group NV boosted its position in shares of Citizens Financial Group by 163.9% during the 4th quarter. KBC Group NV now owns 1,352,602 shares of the bank’s stock worth $44,825,000 after purchasing an additional 840,103 shares in the last quarter. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Insider Activity at Citizens Financial Group

In related news, insider Craig Jack Read sold 3,938 shares of Citizens Financial Group stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $43.26, for a total transaction of $170,357.88. Following the sale, the insider now owns 33,620 shares of the company’s stock, valued at approximately $1,454,401.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.62% of the company’s stock.

Citizens Financial Group Trading Up 2.4 %

Citizens Financial Group stock traded up $0.96 during trading on Thursday, hitting $41.07. The company’s stock had a trading volume of 1,446,300 shares, compared to its average volume of 5,483,362. The stock’s fifty day moving average is $37.81 and its 200 day moving average is $35.29. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.86 and a current ratio of 0.87. Citizens Financial Group, Inc. has a 1-year low of $22.77 and a 1-year high of $43.96. The stock has a market capitalization of $18.69 billion, a price-to-earnings ratio of 14.53, a P/E/G ratio of 1.46 and a beta of 1.10.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings data on Wednesday, July 17th. The bank reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.01). Citizens Financial Group had a return on equity of 6.21% and a net margin of 10.74%. The business had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.95 billion. During the same quarter in the prior year, the firm earned $0.92 earnings per share. Citizens Financial Group’s quarterly revenue was down 6.3% compared to the same quarter last year. As a group, equities research analysts predict that Citizens Financial Group, Inc. will post 3.24 EPS for the current year.

Citizens Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Wednesday, July 31st were paid a $0.42 dividend. The ex-dividend date was Wednesday, July 31st. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.09%. Citizens Financial Group’s dividend payout ratio (DPR) is currently 60.87%.

Wall Street Analyst Weigh In

CFG has been the topic of several recent analyst reports. UBS Group upped their target price on shares of Citizens Financial Group from $42.00 to $46.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Jefferies Financial Group boosted their target price on Citizens Financial Group from $36.00 to $37.00 and gave the stock a “hold” rating in a research report on Wednesday, July 3rd. StockNews.com upgraded Citizens Financial Group from a “sell” rating to a “hold” rating in a research report on Sunday, May 5th. Argus boosted their price objective on shares of Citizens Financial Group from $36.00 to $39.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Citizens Financial Group from $36.50 to $36.00 and set a “neutral” rating for the company in a report on Wednesday, May 1st. Ten investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Citizens Financial Group has a consensus rating of “Hold” and a consensus price target of $42.20.

Citizens Financial Group Company 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.