Citizens Financial Group, Inc. $CFG Stake Increased by Toth Financial Advisory Corp

Toth Financial Advisory Corp boosted its stake in Citizens Financial Group, Inc. (NYSE:CFG) by 227.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,080 shares of the bank’s stock after acquiring an additional 18,800 shares during the period. Toth Financial Advisory Corp’s holdings in Citizens Financial Group were worth $1,897,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Parallel Advisors LLC grew its holdings in 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. Clear Harbor Asset Management LLC raised its stake in shares of Citizens Financial Group by 0.9% in the 4th 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. MGO One Seven LLC raised its stake in shares of Citizens Financial Group by 3.7% in the 4th quarter. MGO One Seven LLC now owns 5,270 shares of the bank’s stock valued at $308,000 after purchasing an additional 187 shares in the last quarter. Summit Financial LLC lifted its position in shares of Citizens Financial Group by 2.5% during the fourth quarter. Summit Financial LLC now owns 7,719 shares of the bank’s stock worth $451,000 after purchasing an additional 187 shares during the last quarter. Finally, Manchester Capital Management LLC lifted its position in shares of Citizens Financial Group by 16.1% during the fourth quarter. Manchester Capital Management LLC now owns 1,389 shares of the bank’s stock worth $81,000 after purchasing an additional 193 shares during the last quarter. 94.90% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Citizens Financial Group

In other news, CEO Saun Bruce Van sold 129,369 shares of Citizens Financial Group stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $72.07, for a total transaction of $9,323,623.83. Following the sale, the chief executive officer owned 1,140,763 shares of the company’s stock, valued at approximately $82,214,789.41. The trade was a 10.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. JPMorgan Chase & Co. boosted their price objective on Citizens Financial Group from $76.00 to $78.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Cantor Fitzgerald increased their target price on Citizens Financial Group from $80.00 to $84.00 and gave the stock an “overweight” rating in a report on Wednesday, August 19th. Evercore reiterated an “outperform” rating and issued a $80.00 price target on shares of Citizens Financial Group in a report on Monday, July 6th. Keefe, Bruyette & Woods upped their price target on Citizens Financial Group from $75.00 to $90.00 and gave the company an “outperform” rating in a research report on Friday, July 17th. Finally, Robert W. Baird raised their price objective on Citizens Financial Group from $72.00 to $75.00 and gave the stock a “neutral” rating in a research note on Friday, July 17th. Sixteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $79.25.

Citizens Financial Group Price Performance

Shares of CFG opened at $69.76 on Friday. The company has a market cap of $29.38 billion, a P/E ratio of 15.13, a PEG ratio of 0.54 and a beta of 0.67. The stock has a fifty day moving average price of $71.46 and a 200 day moving average price of $65.69. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.86 and a quick ratio of 0.85. Citizens Financial Group, Inc. has a 12 month low of $47.96 and a 12 month high of $75.33.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings results on Thursday, July 16th. The bank reported $1.30 EPS for the quarter, topping the consensus estimate of $1.25 by $0.05. Citizens Financial Group had a net margin of 17.18% and a return on equity of 8.85%. The business had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.25 billion. During the same quarter in the prior year, the firm earned $0.92 earnings per share. The company’s quarterly revenue was up 12.1% on a year-over-year basis. On average, research analysts forecast that Citizens Financial Group, Inc. will post 5.3 earnings per share for the current year.

Citizens Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Thursday, July 30th were given a $0.46 dividend. The ex-dividend date was Thursday, July 30th. This represents a $1.84 annualized dividend and a yield of 2.6%. Citizens Financial Group’s dividend payout ratio is 39.91%.

Citizens Financial Group Company Profile

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.