Legacy Advisors LLC Invests $206,000 in Citizens Financial Group, Inc. (NYSE:CFG)

Legacy Advisors LLC acquired a new stake in Citizens Financial Group, Inc. (NYSE:CFG) during the second quarter, according to its most recent 13F filing with the SEC. The fund acquired 5,721 shares of the bank’s stock, valued at approximately $206,000.

Other institutional investors have also added to or reduced their stakes in the company. Innealta Capital LLC purchased a new position in Citizens Financial Group during the 2nd quarter valued at about $25,000. Versant Capital Management Inc grew its stake in 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 acquiring an additional 678 shares in the last quarter. Quarry LP increased its holdings in Citizens Financial Group by 183.1% during the 4th quarter. Quarry LP now owns 1,104 shares of the bank’s stock worth $37,000 after acquiring an additional 714 shares during the period. Ridgewood Investments LLC purchased a new stake in Citizens Financial Group in the 2nd quarter worth approximately $48,000. Finally, Atlas Capital Advisors LLC bought a new position in Citizens Financial Group in the 2nd quarter valued at $48,000. 94.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Keefe, Bruyette & Woods upped their price objective on shares of Citizens Financial Group from $39.00 to $40.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 9th. DA Davidson lifted their price target on Citizens Financial Group from $41.00 to $46.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. The Goldman Sachs Group increased their price objective on Citizens Financial Group from $43.00 to $49.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. StockNews.com raised Citizens Financial Group from a “sell” rating to a “hold” rating in a research note on Sunday, May 5th. Finally, Raymond James initiated coverage on shares of Citizens Financial Group in a research note on Thursday, July 11th. They set a “market perform” rating on the stock. Ten analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Citizens Financial Group has an average rating of “Hold” and an average target price of $42.20.

Insider Buying and Selling

In other Citizens Financial Group news, insider Craig Jack Read sold 3,938 shares of the company’s 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 transaction, the insider now owns 33,620 shares in the company, valued at approximately $1,454,401.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.62% of the stock is owned by insiders.

Citizens Financial Group Trading Up 0.9 %

CFG opened at $43.05 on Friday. Citizens Financial Group, Inc. has a one year low of $22.77 and a one year high of $43.96. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.87 and a quick ratio of 0.86. The business has a 50 day simple moving average of $39.60 and a two-hundred day simple moving average of $36.08. The firm has a market capitalization of $19.30 billion, a price-to-earnings ratio of 15.60, a PEG ratio of 1.54 and a beta of 1.10.

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

Citizens Financial Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 14th. Investors of record on Wednesday, July 31st were given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 3.90%. The ex-dividend date of this dividend was Wednesday, July 31st. Citizens Financial Group’s dividend payout ratio is currently 60.87%.

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.