Northern Trust Corp decreased its position in Citizens Financial Group Inc (NYSE:CFG) by 1.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,464,169 shares of the bank’s stock after selling 95,751 shares during the period. Northern Trust Corp owned 1.22% of Citizens Financial Group worth $193,212,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently bought and sold shares of CFG. Wealthcare Advisory Partners LLC lifted its holdings in Citizens Financial Group by 23,866.7% during the second quarter. Wealthcare Advisory Partners LLC now owns 719 shares of the bank’s stock worth $25,000 after acquiring an additional 716 shares during the period. Zions Bancorporation N.A. purchased a new stake in shares of Citizens Financial Group during the 1st quarter valued at $29,000. Oakworth Capital Inc. raised its stake in shares of Citizens Financial Group by 739.0% during the 2nd quarter. Oakworth Capital Inc. now owns 1,183 shares of the bank’s stock worth $41,000 after purchasing an additional 1,042 shares during the period. Institutional & Family Asset Management LLC bought a new stake in shares of Citizens Financial Group during the 1st quarter worth $54,000. Finally, Advisory Services Network LLC boosted its holdings in shares of Citizens Financial Group by 55.8% in the 1st quarter. Advisory Services Network LLC now owns 1,765 shares of the bank’s stock worth $57,000 after buying an additional 632 shares during the last quarter. 96.78% of the stock is currently owned by hedge funds and other institutional investors.
In other Citizens Financial Group news, Director Charles John Koch purchased 15,000 shares of the stock in a transaction dated Tuesday, August 20th. The shares were bought at an average price of $32.45 per share, with a total value of $486,750.00. Following the completion of the transaction, the director now directly owns 68,781 shares in the company, valued at approximately $2,231,943.45. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.32% of the company’s stock.
CFG traded down $0.17 during trading hours on Wednesday, hitting $36.11. The stock had a trading volume of 171,034 shares, compared to its average volume of 3,786,053. The company’s fifty day simple moving average is $34.19 and its 200 day simple moving average is $34.81. Citizens Financial Group Inc has a 1 year low of $27.62 and a 1 year high of $41.27. The stock has a market cap of $16.16 billion, a PE ratio of 10.13, a price-to-earnings-growth ratio of 1.72 and a beta of 1.47. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 0.55.
Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings data on Friday, July 19th. The bank reported $0.96 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.02. The business had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.62 billion. Citizens Financial Group had a return on equity of 8.94% and a net margin of 22.61%. During the same period in the previous year, the business posted $0.88 EPS. As a group, equities analysts expect that Citizens Financial Group Inc will post 3.82 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Wednesday, July 31st were paid a $0.36 dividend. This is an increase from Citizens Financial Group’s previous quarterly dividend of $0.32. The ex-dividend date was Tuesday, July 30th. This represents a $1.44 annualized dividend and a dividend yield of 3.99%. Citizens Financial Group’s dividend payout ratio (DPR) is presently 40.45%.
Several equities analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Citizens Financial Group from a “hold” rating to a “sell” rating and set a $37.00 price target for the company. in a research report on Friday, July 12th. Citigroup lowered shares of Citizens Financial Group from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $40.00 to $35.00 in a research report on Friday, July 12th. UBS Group cut shares of Citizens Financial Group from a “buy” rating to a “neutral” rating and dropped their target price for the company from $40.00 to $38.00 in a research note on Wednesday, July 10th. Argus raised shares of Citizens Financial Group from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research report on Monday, July 29th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Citizens Financial Group from $41.50 to $40.50 and set an “overweight” rating for the company in a research note on Tuesday, July 9th. Two analysts have rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $40.42.
Citizens Financial Group Profile
Citizens Financial Group, Inc operates as the bank holding company for Citizens Bank, National Association and Citizens Bank of Pennsylvania that provides retail and commercial banking products and services in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.
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