Systematic Financial Management LP Has $2.88 Million Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

Systematic Financial Management LP lessened its stake in Citizens Financial Group, Inc. (NYSE:CFG) by 1.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 79,927 shares of the bank’s stock after selling 1,005 shares during the quarter. Systematic Financial Management LP’s holdings in Citizens Financial Group were worth $2,880,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Innealta Capital LLC acquired a new stake in shares of Citizens Financial Group in the 2nd quarter valued at approximately $25,000. Versant Capital Management Inc boosted its holdings in shares of Citizens Financial Group by 262.8% in the 2nd quarter. Versant Capital Management Inc now owns 936 shares of the bank’s stock valued at $34,000 after buying an additional 678 shares during the last quarter. Private Ocean LLC boosted its holdings in shares of Citizens Financial Group by 484.4% in the 2nd quarter. Private Ocean LLC now owns 1,011 shares of the bank’s stock valued at $36,000 after buying an additional 838 shares during the last quarter. Quarry LP lifted its holdings in Citizens Financial Group by 183.1% during the 4th quarter. Quarry LP now owns 1,104 shares of the bank’s stock valued at $37,000 after purchasing an additional 714 shares during the last quarter. Finally, Ridgewood Investments LLC acquired a new stake in Citizens Financial Group during the 2nd quarter valued at $48,000. Institutional investors and hedge funds own 94.90% of the company’s stock.

Insider Buying and Selling at Citizens Financial Group

In other Citizens Financial Group news, insider Craig Jack Read sold 3,938 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $43.26, for a total value of $170,357.88. Following the transaction, the insider now directly owns 33,620 shares of the company’s stock, valued at $1,454,401.20. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.62% of the company’s stock.

Citizens Financial Group Price Performance

Citizens Financial Group stock opened at $40.80 on Monday. The stock’s 50 day moving average is $41.17 and its 200 day moving average is $37.39. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.87 and a quick ratio of 0.86. The firm has a market cap of $18.56 billion, a P/E ratio of 14.78, a P/E/G ratio of 1.43 and a beta of 1.08. Citizens Financial Group, Inc. has a one year low of $22.77 and a one year high of $43.96.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings data on Wednesday, July 17th. The bank reported $0.78 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 analyst estimates of $1.95 billion. Citizens Financial Group had a return on equity of 6.21% and a net margin of 10.74%. Citizens Financial Group’s revenue was down 6.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.92 earnings per share. As a group, research analysts expect that Citizens Financial Group, Inc. will post 3.24 EPS for the current year.

Citizens Financial Group Dividend Announcement

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

Analyst Upgrades and Downgrades

CFG has been the subject of several research reports. Royal Bank of Canada raised their price target on Citizens Financial Group from $35.00 to $43.00 and gave the company an “outperform” rating in a report on Thursday, July 18th. Piper Sandler raised their price target on Citizens Financial Group from $45.00 to $48.00 and gave the company an “overweight” rating in a report on Friday, July 26th. DA Davidson raised their price target on Citizens Financial Group from $41.00 to $46.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Keefe, Bruyette & Woods lifted their target price on Citizens Financial Group from $39.00 to $40.00 and gave the stock a “market perform” rating in a report on Tuesday, July 9th. Finally, UBS Group lifted their target price on Citizens Financial Group from $42.00 to $46.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Ten equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target 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.