Citizens Financial Group, Inc. (NYSE:CFG) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC grew its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 41.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,288 shares of the bank’s stock after purchasing an additional 3,312 shares during the quarter. GAMMA Investing LLC’s holdings in Citizens Financial Group were worth $464,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in Citizens Financial Group by 35.9% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 78,203 shares of the bank’s stock worth $2,838,000 after acquiring an additional 20,649 shares in the last quarter. Canada Pension Plan Investment Board boosted its position in shares of Citizens Financial Group by 101.6% in the 1st quarter. Canada Pension Plan Investment Board now owns 761,679 shares of the bank’s stock valued at $27,641,000 after purchasing an additional 383,947 shares during the period. Duality Advisers LP purchased a new position in Citizens Financial Group during the 1st quarter worth approximately $1,180,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Citizens Financial Group during the fourth quarter worth approximately $5,965,000. Finally, Lloyd Advisory Services LLC. purchased a new stake in Citizens Financial Group in the first quarter valued at approximately $930,000. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Trading Up 0.6 %

NYSE:CFG opened at $41.46 on Thursday. Citizens Financial Group, Inc. has a 1 year low of $22.77 and a 1 year high of $43.96. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.86 and a current ratio of 0.87. The stock has a fifty day moving average price of $40.90 and a two-hundred day moving average price of $37.71. The stock has a market capitalization of $18.87 billion, a price-to-earnings ratio of 15.02, a PEG ratio of 1.43 and a beta of 1.07.

Citizens Financial Group (NYSE:CFG) last issued its earnings results on Wednesday, July 17th. The bank reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.01). The company had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.95 billion. Citizens Financial Group had a net margin of 10.74% and a return on equity of 6.21%. The company’s quarterly revenue was down 6.3% on a year-over-year basis. During the same period last year, the business posted $0.92 earnings per share. As a group, sell-side analysts anticipate that Citizens Financial Group, Inc. will post 3.24 earnings per share for the current fiscal year.

Citizens Financial Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Investors of record on Wednesday, July 31st were issued a dividend of $0.42 per share. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $1.68 annualized dividend and a yield of 4.05%. Citizens Financial Group’s dividend payout ratio is presently 60.87%.

Insiders Place Their Bets

In other news, insider Craig Jack Read sold 3,938 shares of Citizens Financial Group stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $43.26, for a total transaction of $170,357.88. Following the completion of the transaction, the insider now owns 33,620 shares of the company’s stock, valued at $1,454,401.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.62% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on CFG. StockNews.com cut shares of Citizens Financial Group from a “hold” rating to a “sell” rating in a report on Wednesday. Piper Sandler lifted their price objective on shares of Citizens Financial Group from $45.00 to $48.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Evercore ISI decreased their target price on shares of Citizens Financial Group from $47.00 to $46.00 and set an “in-line” rating for the company in a research note on Wednesday, October 2nd. Jefferies Financial Group boosted their price target on Citizens Financial Group from $36.00 to $37.00 and gave the company a “hold” rating in a research report on Wednesday, July 3rd. Finally, DA Davidson upped their price objective on Citizens Financial Group from $41.00 to $46.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Citizens Financial Group currently has an average rating of “Hold” and an average target price of $43.07.

Citizens Financial Group Company Profile

Citizens Financial Group, Inc operates as the bank holding company that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, corporations, and institutions in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.