265,671 Shares in Citizens Financial Group, Inc. $CFG Acquired by United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new position in Citizens Financial Group, Inc. (NYSE:CFG) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 265,671 shares of the bank’s stock, valued at approximately $15,518,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CFG. Activest Wealth Management lifted its position in Citizens Financial Group by 5,600.0% during the fourth quarter. Activest Wealth Management now owns 513 shares of the bank’s stock valued at $30,000 after buying an additional 504 shares in the last quarter. Fortitude Family Office LLC lifted its position in Citizens Financial Group by 632.0% during the fourth quarter. Fortitude Family Office LLC now owns 710 shares of the bank’s stock valued at $41,000 after buying an additional 613 shares in the last quarter. Elyxium Wealth LLC acquired a new position in Citizens Financial Group during the fourth quarter valued at approximately $50,000. State of Wyoming acquired a new position in Citizens Financial Group during the second quarter valued at approximately $39,000. Finally, Quest 10 Wealth Builders Inc. lifted its position in Citizens Financial Group by 261.5% during the fourth quarter. Quest 10 Wealth Builders Inc. now owns 893 shares of the bank’s stock valued at $52,000 after buying an additional 646 shares in the last quarter. 94.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CFG. JPMorgan Chase & Co. lifted their price target on shares of Citizens Financial Group from $68.00 to $68.50 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Morgan Stanley reduced their price target on shares of Citizens Financial Group from $80.00 to $73.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 31st. Robert W. Baird raised shares of Citizens Financial Group from a “neutral” rating to an “outperform” rating and set a $65.00 price target on the stock in a research report on Monday, March 9th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $75.00 price target on shares of Citizens Financial Group in a research report on Tuesday, March 3rd. Finally, Truist Financial lifted their price target on shares of Citizens Financial Group from $63.00 to $69.00 and gave the company a “hold” rating in a research report on Friday, April 17th. Nineteen 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.com, Citizens Financial Group currently has a consensus rating of “Moderate Buy” and an average price target of $70.88.

Citizens Financial Group Trading Down 1.1%

NYSE CFG opened at $62.38 on Friday. The company’s fifty day simple moving average is $62.28 and its 200-day simple moving average is $60.43. Citizens Financial Group, Inc. has a 52 week low of $39.40 and a 52 week high of $68.79. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.51. The stock has a market cap of $26.38 billion, a P/E ratio of 14.75, a PEG ratio of 0.50 and a beta of 0.70.

Citizens Financial Group (NYSE:CFG) last posted its earnings results on Thursday, April 16th. The bank reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.03. Citizens Financial Group had a net margin of 16.21% and a return on equity of 8.31%. The business had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $2.16 billion. During the same period in the previous year, the company posted $0.77 earnings per share. The business’s revenue for the quarter was up 12.0% compared to the same quarter last year. Equities research analysts predict that Citizens Financial Group, Inc. will post 5.2 EPS for the current fiscal year.

Citizens Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Thursday, April 30th were given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Thursday, April 30th. Citizens Financial Group’s payout ratio is presently 43.50%.

Insiders Place Their Bets

In other news, insider Susan Lamonica sold 13,258 shares of the business’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $58.04, for a total transaction of $769,494.32. Following the transaction, the insider directly owned 165,971 shares of the company’s stock, valued at approximately $9,632,956.84. The trade was a 7.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Michelle Moosally sold 6,050 shares of the business’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $62.16, for a total transaction of $376,068.00. Following the transaction, the insider directly owned 22,565 shares in the company, valued at approximately $1,402,640.40. The trade was a 21.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.67% of the company’s stock.

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.