Citizens Financial Group, Inc. $CFG Shares Bought by Toth Financial Advisory Corp

Toth Financial Advisory Corp grew its position in Citizens Financial Group, Inc. (NYSE:CFG) by 227.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,080 shares of the bank’s stock after buying an additional 18,800 shares during the quarter. Toth Financial Advisory Corp’s holdings in Citizens Financial Group were worth $1,897,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Mufg Securities Americas Inc. raised its position in Citizens Financial Group by 9.4% during the second quarter. Mufg Securities Americas Inc. now owns 13,984 shares of the bank’s stock worth $980,000 after acquiring an additional 1,204 shares during the last quarter. Nissay Asset Management Corp Japan grew its position in shares of Citizens Financial Group by 2.1% in the second quarter. Nissay Asset Management Corp Japan now owns 57,206 shares of the bank’s stock valued at $4,008,000 after purchasing an additional 1,187 shares during the last quarter. Archer Investment Corp acquired a new stake in shares of Citizens Financial Group in the second quarter valued at approximately $946,000. Beacon Pointe Advisors LLC purchased a new position in shares of Citizens Financial Group during the 2nd quarter worth approximately $502,000. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of Citizens Financial Group during the 2nd quarter worth approximately $224,000. 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 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 transaction, the chief executive officer directly 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 transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.67% of the company’s stock.

Citizens Financial Group Price Performance

Citizens Financial Group stock opened at $69.76 on Friday. 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 quick ratio of 0.85 and a current ratio of 0.86. The firm has a 50 day moving average price of $71.46 and a 200 day moving average price of $65.69. The company has a market cap of $29.38 billion, a price-to-earnings ratio of 15.13, a PEG ratio of 0.54 and a beta of 0.67.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings results on Thursday, July 16th. The bank reported $1.30 earnings per share 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 net margin of 17.18% and a return on equity of 8.85%. Citizens Financial Group’s revenue was up 12.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.92 earnings per share. Sell-side analysts predict that Citizens Financial Group, Inc. will post 5.3 earnings per share for the current year.

Citizens Financial Group Announces Dividend

The company 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 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Thursday, July 30th. Citizens Financial Group’s dividend payout ratio (DPR) is 39.91%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. UBS Group boosted their price target on Citizens Financial Group from $75.00 to $82.00 and gave the stock a “buy” rating in a report on Tuesday, July 7th. Keefe, Bruyette & Woods lifted their price objective on Citizens Financial Group from $75.00 to $90.00 and gave the stock an “outperform” rating in a research report on Friday, July 17th. Citigroup boosted their target price on shares of Citizens Financial Group from $78.00 to $84.00 and gave the company a “buy” rating in a research note on Monday, July 20th. Cantor Fitzgerald raised their price target on shares of Citizens Financial Group from $80.00 to $84.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 19th. Finally, Morgan Stanley lifted their price target on shares of Citizens Financial Group from $73.00 to $79.00 and gave the stock an “overweight” rating in a report on Monday, June 29th. Sixteen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $79.25.

About Citizens Financial Group

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.