Bastion Asset Management Inc. Buys Shares of 27,213 Citizens Financial Group, Inc. $CFG

Bastion Asset Management Inc. purchased a new stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 27,213 shares of the bank’s stock, valued at approximately $1,621,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Parallel Advisors LLC boosted its stake in shares of Citizens Financial Group by 2.9% during the 4th quarter. Parallel Advisors LLC now owns 6,078 shares of the bank’s stock worth $355,000 after acquiring an additional 172 shares in the last quarter. AA Financial Advisors LLC grew its stake in Citizens Financial Group by 3.9% during the 4th quarter. AA Financial Advisors LLC now owns 4,657 shares of the bank’s stock valued at $272,000 after acquiring an additional 174 shares in the last quarter. Inscription Capital LLC increased its holdings in shares of Citizens Financial Group by 1.6% in the 4th quarter. Inscription Capital LLC now owns 10,902 shares of the bank’s stock valued at $637,000 after purchasing an additional 175 shares during the period. Clear Harbor Asset Management LLC grew its position in Citizens Financial Group by 0.9% during the fourth quarter. Clear Harbor Asset Management LLC now owns 19,694 shares of the bank’s stock valued at $1,150,000 after purchasing an additional 175 shares in the last quarter. Finally, Grove Bank & Trust grew its holdings in shares of Citizens Financial Group by 19.8% during the 4th quarter. Grove Bank & Trust now owns 1,107 shares of the bank’s stock valued at $65,000 after acquiring an additional 183 shares in the last quarter. 94.90% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have commented on the stock. Jefferies Financial Group boosted their target price on shares of Citizens Financial Group from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday. Truist Financial boosted their price objective on Citizens Financial Group from $69.00 to $72.00 and gave the stock a “hold” rating in a research report on Wednesday, June 24th. Citigroup cut shares of Citizens Financial Group from a “buy” rating to a “hold” rating in a research note on Monday, July 6th. UBS Group raised their price objective on Citizens Financial Group from $75.00 to $82.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Finally, Robert W. Baird reiterated a “neutral” rating and set a $72.00 target price on shares of Citizens Financial Group in a research report on Monday, July 6th. Sixteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $75.10.

Citizens Financial Group Stock Performance

CFG stock opened at $74.28 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.51. Citizens Financial Group, Inc. has a twelve month low of $45.90 and a twelve month high of $74.70. The company has a market cap of $31.41 billion, a P/E ratio of 17.56, a price-to-earnings-growth ratio of 0.59 and a beta of 0.67. The business’s fifty day moving average is $66.25 and its 200-day moving average is $63.53.

Citizens Financial Group (NYSE:CFG) last posted its earnings results on Thursday, July 16th. The bank reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.05. Citizens Financial Group had a net margin of 16.21% and a return on equity of 8.31%. The company had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.25 billion. During the same period last year, the business posted $0.92 earnings per share. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. Equities research analysts forecast that Citizens Financial Group, Inc. will post 5.22 EPS for the current year.

Citizens Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 13th. Shareholders of record on Thursday, July 30th will be given a dividend of $0.46 per share. The ex-dividend date of this dividend is Thursday, July 30th. This represents a $1.84 annualized dividend and a yield of 2.5%. Citizens Financial Group’s payout ratio is 43.50%.

Insider Transactions at Citizens Financial Group

In other news, insider Michelle Moosally sold 6,050 shares of the stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $62.16, for a total value of $376,068.00. Following the completion of the sale, the insider owned 22,565 shares of the company’s stock, valued at approximately $1,402,640.40. This represents a 21.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.67% of the company’s stock.

Key Citizens Financial Group News

Here are the key news stories impacting Citizens Financial Group this week:

• Positive Sentiment: Citizens Financial beat Q2 earnings estimates with EPS of $1.30 versus $1.25 expected, while revenue rose 12.1% year over year and net income climbed 35%, signaling solid operating momentum. Article title
• Positive Sentiment: Management’s raised net interest margin outlook added to optimism, suggesting profitability could improve further in coming quarters. Article title
• Positive Sentiment: Higher net interest income and fee income were key drivers of the profit jump, indicating stronger core banking revenue and healthier business trends. Article title
• Positive Sentiment: Citigroup? No—Cantor Fitzgerald raised its price target on CFG to $80 and reiterated an overweight rating, reinforcing a bullish analyst view after the results. Article title
• Neutral Sentiment: Unusual call option activity ahead of the earnings release suggests traders were positioning for upside, but it does not by itself change the company’s fundamentals.

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.