HORAN Wealth LLC Trims Stock Holdings in Citizens Financial Group, Inc. $CFG

HORAN Wealth LLC decreased its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 50.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 81,185 shares of the bank’s stock after selling 81,125 shares during the quarter. Citizens Financial Group comprises approximately 0.7% of HORAN Wealth LLC’s portfolio, making the stock its 28th biggest holding. HORAN Wealth LLC’s holdings in Citizens Financial Group were worth $5,689,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Elevation Wealth Partners LLC grew its position in shares of 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 purchasing an additional 323 shares in the last quarter. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Citizens Financial Group during the 4th quarter valued at $26,000. Cedar Mountain Advisors LLC purchased a new stake in Citizens Financial Group during the 1st quarter worth about $27,000. Keating Financial Advisory Services Inc. purchased a new stake in Citizens Financial Group during the 2nd quarter worth about $35,000. Finally, Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in Citizens Financial Group in the 4th quarter worth about $29,000. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Insiders Place Their Bets

In other Citizens Financial Group news, CEO Bruce Van Saun sold 129,369 shares of the business’s 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 completion of 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 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.

Citizens Financial Group Price Performance

Shares of NYSE CFG opened at $70.81 on Monday. The firm has a market capitalization of $29.82 billion, a P/E ratio of 15.36, a P/E/G ratio of 0.64 and a beta of 0.66. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 0.63. The stock’s 50-day simple moving average is $71.48 and its two-hundred day simple moving average is $65.81. Citizens Financial Group, Inc. has a twelve month low of $47.96 and a twelve month high of $75.33.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings results on Thursday, July 16th. The bank reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.05. The firm had revenue of $2.28 billion for the quarter, compared to analysts’ expectations 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 revenue was up 12.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.92 EPS. As a group, equities analysts anticipate that Citizens Financial Group, Inc. will post 5.3 EPS for the current fiscal year.

Citizens Financial Group Dividend Announcement

The business also recently disclosed 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 was Thursday, July 30th. Citizens Financial Group’s dividend payout ratio is 39.91%.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. JPMorgan Chase & Co. lifted their target price on Citizens Financial Group from $76.00 to $78.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Barclays increased their price target on shares of Citizens Financial Group from $77.00 to $81.00 and gave the stock an “overweight” rating in a report on Friday, July 17th. Keefe, Bruyette & Woods raised their price objective on shares of Citizens Financial Group from $75.00 to $90.00 and gave the company an “outperform” rating in a research report on Friday, July 17th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Citizens Financial Group in a research note on Monday, August 3rd. Finally, Citigroup upped their target price on shares of Citizens Financial Group from $78.00 to $84.00 and gave the stock a “buy” rating in a report on Monday, July 20th. Sixteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.