14,863 Shares in Citizens Financial Group, Inc. $CFG Bought by De Lisle Partners LLP

De Lisle Partners LLP purchased a new stake in Citizens Financial Group, Inc. (NYSE:CFG) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,863 shares of the bank’s stock, valued at approximately $1,042,000.

Other hedge funds also recently added to or reduced their stakes in the company. NewEdge Advisors LLC increased its holdings in shares of Citizens Financial Group by 2.4% in the 1st quarter. NewEdge Advisors LLC now owns 11,531 shares of the bank’s stock valued at $472,000 after acquiring an additional 274 shares during the last quarter. Empowered Funds LLC increased its stake in Citizens Financial Group by 6.7% during the first quarter. Empowered Funds LLC now owns 8,838 shares of the bank’s stock valued at $362,000 after purchasing an additional 554 shares during the last quarter. Woodline Partners LP raised its holdings in shares of Citizens Financial Group by 39.5% during the first quarter. Woodline Partners LP now owns 36,932 shares of the bank’s stock worth $1,513,000 after purchasing an additional 10,466 shares during the period. Sivia Capital Partners LLC boosted its holdings in shares of Citizens Financial Group by 93.4% in the 2nd quarter. Sivia Capital Partners LLC now owns 9,814 shares of the bank’s stock valued at $439,000 after buying an additional 4,739 shares during the period. Finally, Daiwa Securities Group Inc. grew its position in shares of Citizens Financial Group by 5.2% during the 2nd quarter. Daiwa Securities Group Inc. now owns 65,564 shares of the bank’s stock valued at $2,934,000 after buying an additional 3,225 shares during the last quarter. 94.90% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Citizens Financial Group

In other news, CEO Saun Bruce Van sold 129,369 shares of Citizens Financial Group stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $72.07, for a total value of $9,323,623.83. Following the transaction, the chief executive officer owned 1,140,763 shares of the company’s stock, valued at $82,214,789.41. The trade was a 10.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.67% of the company’s stock.

Citizens Financial Group Stock Performance

Shares of NYSE CFG opened at $69.84 on Monday. Citizens Financial Group, Inc. has a 1 year low of $47.96 and a 1 year high of $75.33. The firm has a market cap of $29.42 billion, a P/E ratio of 15.15, a PEG ratio of 0.53 and a beta of 0.67. The stock has a fifty day moving average price of $71.15 and a two-hundred day moving average price of $65.57. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.85 and a current ratio of 0.86.

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

Citizens Financial Group Announces Dividend

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

Wall Street Analysts Forecast Growth

CFG has been the topic of a number of recent research reports. Argus set a $80.00 target price on Citizens Financial Group in a research note on Wednesday, July 29th. Cantor Fitzgerald boosted their price target on Citizens Financial Group from $80.00 to $84.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 19th. Jefferies Financial Group increased their price target on Citizens Financial Group from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, July 16th. UBS Group lifted their price objective on shares of Citizens Financial Group from $75.00 to $82.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Citizens Financial Group from $76.00 to $78.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Sixteen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $79.25.

Citizens Financial Group Company 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.