SG Americas Securities LLC Has $17.92 Million Stake in Citizens Financial Group, Inc. $CFG

SG Americas Securities LLC lifted its position in Citizens Financial Group, Inc. (NYSE:CFG) by 1,779.2% during the 4th quarter, Holdings Channel reports. The firm owned 306,820 shares of the bank’s stock after buying an additional 290,493 shares during the quarter. SG Americas Securities LLC’s holdings in Citizens Financial Group were worth $17,921,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in CFG. True Wealth Design LLC grew its stake in Citizens Financial Group by 891.5% during the third quarter. True Wealth Design LLC now owns 585 shares of the bank’s stock worth $31,000 after buying an additional 526 shares during the last quarter. Capital A Wealth Management LLC raised its stake in shares of Citizens Financial Group by 3,970.0% in the second quarter. Capital A Wealth Management LLC now owns 814 shares of the bank’s stock valued at $36,000 after acquiring an additional 794 shares during the last quarter. State of Wyoming acquired a new position in shares of Citizens Financial Group in the 2nd quarter worth approximately $39,000. Kestra Investment Management LLC grew its position in Citizens Financial Group by 2,703.0% during the 2nd quarter. Kestra Investment Management LLC now owns 925 shares of the bank’s stock worth $41,000 after acquiring an additional 892 shares during the last quarter. Finally, SJS Investment Consulting Inc. grew its position in Citizens Financial Group by 3,569.2% during the 3rd quarter. SJS Investment Consulting Inc. now owns 954 shares of the bank’s stock worth $51,000 after acquiring an additional 928 shares during the last quarter. Institutional investors and hedge funds own 94.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on CFG shares. Evercore boosted their price objective on Citizens Financial Group from $69.00 to $77.00 and gave the stock an “outperform” rating in a research note on Thursday, February 5th. Truist Financial cut their price target on Citizens Financial Group from $71.00 to $63.00 and set a “hold” rating for the company in a report on Monday, March 23rd. Weiss Ratings upgraded shares of Citizens Financial Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 20th. JPMorgan Chase & Co. increased their price objective on shares of Citizens Financial Group from $62.50 to $71.00 and gave the stock an “overweight” rating in a report on Monday, February 9th. Finally, Argus raised their price objective on shares of Citizens Financial Group from $60.00 to $72.00 and gave the company a “buy” rating in a research report on Friday, January 23rd. Twenty equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $69.59.

Citizens Financial Group Price Performance

CFG opened at $57.76 on Friday. The company has a fifty day moving average price of $61.80 and a two-hundred day moving average price of $57.00. The firm has a market capitalization of $24.55 billion, a PE ratio of 14.93, a P/E/G ratio of 0.48 and a beta of 0.70. Citizens Financial Group, Inc. has a 52 week low of $32.60 and a 52 week high of $68.79. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.84 and a current ratio of 0.85.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings results on Wednesday, January 21st. The bank reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.02. The business had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.16 billion. Citizens Financial Group had a net margin of 15.19% and a return on equity of 7.81%. Citizens Financial Group’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period last year, the company posted $0.85 EPS. As a group, analysts anticipate that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current year.

Citizens Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 18th. Shareholders of record on Wednesday, February 4th were paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend was Wednesday, February 4th. Citizens Financial Group’s payout ratio is presently 47.55%.

Insider Transactions at Citizens Financial Group

In related news, insider Susan Lamonica sold 13,258 shares of the business’s stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $58.04, for a total value of $769,494.32. Following the completion of the transaction, the insider directly owned 165,971 shares in the company, valued at approximately $9,632,956.84. The trade was a 7.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.67% of the company’s stock.

Citizens Financial Group Profile

Citizens Financial Group, Inc (NYSE: CFG) is a bank holding company that provides a broad range of banking and financial services to individuals, small and middle-market businesses, corporations and institutional clients. Headquartered in Providence, Rhode Island, Citizens conducts its banking operations principally through its primary banking subsidiary, Citizens Bank, and serves customers through a combination of branch locations, ATMs and digital channels. The company is publicly traded and operates under the regulatory framework applicable to U.S.