Capitolis Liquid Global Markets LLC Buys Shares of 319,000 Citizens Financial Group, Inc. $CFG

Capitolis Liquid Global Markets LLC bought a new position in Citizens Financial Group, Inc. (NYSE:CFG) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 319,000 shares of the bank’s stock, valued at approximately $16,958,000.

Several other hedge funds have also modified their holdings of the company. Envestnet Asset Management Inc. raised its stake in shares of Citizens Financial Group by 25.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 687,602 shares of the bank’s stock worth $36,553,000 after acquiring an additional 140,641 shares in the last quarter. Channing Capital Management LLC acquired a new stake in Citizens Financial Group in the third quarter valued at approximately $7,528,000. National Pension Service boosted its stake in Citizens Financial Group by 33.5% in the third quarter. National Pension Service now owns 135,208 shares of the bank’s stock valued at $7,188,000 after acquiring an additional 33,923 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Citizens Financial Group by 37.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 479,415 shares of the bank’s stock worth $25,284,000 after purchasing an additional 129,995 shares during the last quarter. Finally, Synergy Asset Management LLC purchased a new position in Citizens Financial Group in the third quarter worth $60,434,000. 94.90% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on CFG. Keefe, Bruyette & Woods increased their price objective on Citizens Financial Group from $68.00 to $70.00 and gave the company an “outperform” rating in a report on Thursday, January 22nd. Citigroup boosted their target price on Citizens Financial Group from $65.00 to $71.00 and gave the stock a “buy” rating in a research note on Monday, January 26th. Barclays set a $77.00 target price on Citizens Financial Group and gave the company an “overweight” rating in a research report on Monday, January 5th. TD Cowen increased their price target on Citizens Financial Group from $75.00 to $78.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $75.00 price target on shares of Citizens Financial Group in a report on Tuesday, March 3rd. Twenty research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $69.95.

Insider Buying and Selling

In other news, insider Susan Lamonica sold 13,258 shares of the company’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $58.04, for a total value of $769,494.32. Following the sale, the insider directly owned 165,971 shares of the company’s stock, valued at $9,632,956.84. This represents a 7.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.65% of the company’s stock.

Citizens Financial Group Stock Down 2.4%

Shares of CFG stock opened at $55.59 on Friday. Citizens Financial Group, Inc. has a fifty-two week low of $32.60 and a fifty-two week high of $68.79. The firm has a market capitalization of $23.63 billion, a PE ratio of 14.37, a P/E/G ratio of 0.45 and a beta of 0.70. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.84 and a current ratio of 0.85. The stock’s 50-day simple moving average is $62.41 and its 200-day simple moving average is $56.64.

Citizens Financial Group (NYSE:CFG) last released its earnings results on Wednesday, January 21st. The bank reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.02. The firm had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.16 billion. Citizens Financial Group had a return on equity of 7.81% and a net margin of 15.19%.The company’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.85 earnings per share. Equities analysts expect that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current year.

Citizens Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 18th. Shareholders of record on Wednesday, February 4th were paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 3.3%. The ex-dividend date was Wednesday, February 4th. Citizens Financial Group’s payout ratio is presently 47.55%.

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.