Sei Investments Co. Buys 5,627 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Sei Investments Co. boosted its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 2.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 219,866 shares of the bank’s stock after purchasing an additional 5,627 shares during the period. Sei Investments Co.’s holdings in Citizens Financial Group were worth $7,922,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Cullen Frost Bankers Inc. boosted its stake in shares of Citizens Financial Group by 12.7% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 2,344 shares of the bank’s stock worth $84,000 after buying an additional 264 shares during the last quarter. Dorsey & Whitney Trust CO LLC grew its stake in shares of Citizens Financial Group by 3.9% during the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 8,046 shares of the bank’s stock valued at $292,000 after purchasing an additional 305 shares during the period. Czech National Bank increased its position in shares of Citizens Financial Group by 0.5% during the 1st quarter. Czech National Bank now owns 82,032 shares of the bank’s stock valued at $2,977,000 after purchasing an additional 375 shares during the last quarter. Texas Permanent School Fund Corp lifted its stake in shares of Citizens Financial Group by 0.4% in the 1st quarter. Texas Permanent School Fund Corp now owns 96,350 shares of the bank’s stock worth $3,497,000 after purchasing an additional 382 shares during the period. Finally, Bleakley Financial Group LLC boosted its holdings in shares of Citizens Financial Group by 3.6% in the first quarter. Bleakley Financial Group LLC now owns 11,027 shares of the bank’s stock worth $400,000 after buying an additional 385 shares during the last quarter. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Insiders Place Their Bets

In other news, insider Craig Jack Read sold 3,938 shares of the company’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $43.26, for a total transaction of $170,357.88. Following the sale, the insider now directly owns 33,620 shares in the company, valued at approximately $1,454,401.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.62% of the company’s stock.

Citizens Financial Group Trading Up 0.7 %

Shares of Citizens Financial Group stock opened at $40.80 on Monday. Citizens Financial Group, Inc. has a twelve month low of $22.77 and a twelve month high of $43.96. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.60. The business has a 50-day moving average price of $41.17 and a 200-day moving average price of $37.39. The firm has a market cap of $18.56 billion, a price-to-earnings ratio of 14.78, a PEG ratio of 1.43 and a beta of 1.08.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings data 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 firm had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.95 billion. Citizens Financial Group had a return on equity of 6.21% and a net margin of 10.74%. The business’s revenue was down 6.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.92 EPS. Equities research analysts anticipate that Citizens Financial Group, Inc. will post 3.24 EPS for the current fiscal year.

Citizens Financial Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Wednesday, July 31st were given a dividend of $0.42 per share. The ex-dividend date was Wednesday, July 31st. This represents a $1.68 annualized dividend and a yield of 4.12%. Citizens Financial Group’s dividend payout ratio (DPR) is currently 60.87%.

Wall Street Analyst Weigh In

A number of analysts have commented on CFG shares. Keefe, Bruyette & Woods upped their target price on shares of Citizens Financial Group from $39.00 to $40.00 and gave the company a “market perform” rating in a report on Tuesday, July 9th. Morgan Stanley lifted their target price on Citizens Financial Group from $41.00 to $50.00 and gave the company an “equal weight” rating in a research report on Monday, August 5th. Evercore ISI upped their price target on Citizens Financial Group from $38.00 to $39.00 and gave the stock an “in-line” rating in a research report on Tuesday, June 25th. Raymond James initiated coverage on Citizens Financial Group in a research report on Thursday, July 11th. They set a “market perform” rating on the stock. Finally, DA Davidson increased their target price on shares of Citizens Financial Group from $41.00 to $46.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Ten investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Citizens Financial Group presently has an average rating of “Hold” and a consensus target price of $42.20.

Citizens Financial Group 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.