12,217 Shares in Citizens Financial Group, Inc. $CFG Purchased by Evolve Private Wealth LLC

Evolve Private Wealth LLC bought a new position in Citizens Financial Group, Inc. (NYSE:CFG) in the second quarter, HoldingsChannel reports. The fund bought 12,217 shares of the bank’s stock, valued at approximately $856,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. BlackRock Inc. purchased a new stake in shares of Citizens Financial Group during the 2nd quarter valued at about $3,415,046,000. Norges Bank purchased a new position in shares of Citizens Financial Group during the fourth quarter valued at approximately $355,909,000. AQR Capital Management LLC raised its holdings in shares of Citizens Financial Group by 56.9% during the fourth quarter. AQR Capital Management LLC now owns 7,722,559 shares of the bank’s stock valued at $451,075,000 after purchasing an additional 2,799,050 shares during the last quarter. Bank of New York Mellon Corp bought a new position in Citizens Financial Group during the second quarter valued at approximately $175,948,000. Finally, Deutsche Bank AG purchased a new stake in Citizens Financial Group in the second quarter worth approximately $174,108,000. Institutional investors own 94.90% of the company’s stock.

Analysts Set New Price Targets

CFG has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Citizens Financial Group in a research report on Monday, August 3rd. UBS Group increased their price target on Citizens Financial Group from $75.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. DA Davidson restated a “neutral” rating on shares of Citizens Financial Group in a research note on Friday, August 14th. Robert W. Baird lifted their price objective on Citizens Financial Group from $72.00 to $75.00 and gave the stock a “neutral” rating in a report on Friday, July 17th. Finally, Barclays upped their price objective on Citizens Financial Group from $77.00 to $81.00 and gave the company an “overweight” rating in a research report on Friday, July 17th. Sixteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Citizens Financial Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $79.25.

Citizens Financial Group Trading Down 0.0%

Shares of Citizens Financial Group stock opened at $69.84 on Monday. The company’s fifty day simple moving average is $71.15 and its 200-day simple moving average is $65.57. The stock has a market capitalization of $29.42 billion, a PE ratio of 15.15, a P/E/G ratio of 0.53 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. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.86 and a quick ratio of 0.85.

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

Citizens Financial Group Announces Dividend

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

Insider Transactions at Citizens Financial Group

In other Citizens Financial Group news, CEO Saun Bruce Van sold 129,369 shares of the company’s stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $72.07, for a total value of $9,323,623.83. Following the completion of the sale, the chief executive officer owned 1,140,763 shares in the company, valued at $82,214,789.41. This represents a 10.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate 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.