357,200 Shares in Citizens Financial Group, Inc. $CFG Acquired by Ceredex Value Advisors LLC

Ceredex Value Advisors LLC acquired a new position in Citizens Financial Group, Inc. (NYSE:CFG) during the second quarter, Holdings Channel.com reports. The firm acquired 357,200 shares of the bank’s stock, valued at approximately $25,029,000.

Several other institutional investors and hedge funds also recently made changes to their positions in CFG. Elevation Wealth Partners LLC increased its holdings in Citizens Financial Group by 319.8% in the second quarter. Elevation Wealth Partners LLC now owns 424 shares of the bank’s stock valued at $30,000 after buying an additional 323 shares during the last quarter. University of Texas Texas AM Investment Management Co. bought a new position in Citizens Financial Group in the fourth quarter worth about $26,000. Cedar Mountain Advisors LLC acquired a new position in Citizens Financial Group in the first quarter valued at approximately $27,000. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in shares of Citizens Financial Group during the fourth quarter valued at approximately $29,000. Finally, Activest Wealth Management grew its holdings in shares of Citizens Financial Group by 5,600.0% during the fourth quarter. Activest Wealth Management now owns 513 shares of the bank’s stock valued at $30,000 after purchasing an additional 504 shares during the last quarter. 94.90% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Citizens Financial Group

In other Citizens Financial Group news, CEO Saun Bruce Van sold 129,369 shares of the firm’s stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $72.07, for a total transaction of $9,323,623.83. Following the transaction, the chief executive officer owned 1,140,763 shares of the company’s stock, valued at approximately $82,214,789.41. This trade represents a 10.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.67% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Weiss Ratings reissued a “buy (b)” rating on shares of Citizens Financial Group in a report on Monday, August 3rd. Keefe, Bruyette & Woods upped their price objective on Citizens Financial Group from $75.00 to $90.00 and gave the stock an “outperform” rating in a research note on Friday, July 17th. JPMorgan Chase & Co. increased their target price on Citizens Financial Group from $76.00 to $78.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Evercore reiterated an “outperform” rating and issued a $80.00 target price on shares of Citizens Financial Group in a research note on Monday, July 6th. Finally, Royal Bank Of Canada boosted their price target on shares of Citizens Financial Group from $70.00 to $79.00 and gave the company an “outperform” rating in a report on Friday, July 17th. Sixteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $79.25.

Citizens Financial Group Stock Down 1.4%

Shares of Citizens Financial Group stock opened at $69.77 on Friday. The business’s fifty day moving average price is $71.10 and its two-hundred day moving average price is $65.53. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.86 and a quick ratio of 0.85. The company has a market capitalization of $29.39 billion, a P/E ratio of 15.13, a PEG ratio of 0.54 and a beta of 0.67. Citizens Financial Group, Inc. has a 1-year low of $47.96 and a 1-year high of $75.33.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings results on Thursday, July 16th. The bank reported $1.30 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.05. Citizens Financial Group had a return on equity of 8.85% and a net margin of 17.18%.The company had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.25 billion. During the same period last year, the company earned $0.92 earnings per share. The company’s quarterly revenue was up 12.1% compared to the same quarter last year. As a group, research analysts forecast that Citizens Financial Group, Inc. will post 5.3 EPS for the current year.

Citizens Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Thursday, July 30th were given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Thursday, July 30th. Citizens Financial Group’s dividend payout ratio is currently 39.91%.

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.