Rothschild Wealth LLC Invests $579,000 in Citizens Financial Group, Inc. $CFG

Rothschild Wealth LLC purchased a new position in shares of Citizens Financial Group, Inc. (NYSE:CFG) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 9,908 shares of the bank’s stock, valued at approximately $579,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Clear Harbor Asset Management LLC raised its stake in shares of 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 worth $1,150,000 after buying an additional 175 shares during the last quarter. Waterloo Capital L.P. bought a new stake in shares of Citizens Financial Group during the fourth quarter worth approximately $244,000. Nomura Asset Management Co. Ltd. raised its stake in shares of Citizens Financial Group by 6.1% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 159,154 shares of the bank’s stock worth $9,296,000 after buying an additional 9,215 shares during the last quarter. Essex Financial Services Inc. raised its stake in shares of Citizens Financial Group by 37.2% during the fourth quarter. Essex Financial Services Inc. now owns 6,335 shares of the bank’s stock worth $370,000 after buying an additional 1,718 shares during the last quarter. Finally, MUFG Securities EMEA plc raised its stake in shares of Citizens Financial Group by 1,222.8% during the fourth quarter. MUFG Securities EMEA plc now owns 109,207 shares of the bank’s stock worth $6,379,000 after buying an additional 100,951 shares during the last quarter. 94.90% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Royal Bank Of Canada boosted their price target on shares of Citizens Financial Group from $67.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, April 17th. DA Davidson upped their target price on shares of Citizens Financial Group from $73.00 to $74.00 and gave the company a “buy” rating in a research note on Monday, April 20th. Citigroup reaffirmed a “buy” rating on shares of Citizens Financial Group in a research note on Friday, May 8th. Weiss Ratings raised shares of Citizens Financial Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, May 6th. Finally, Morgan Stanley lowered their target price on shares of Citizens Financial Group from $80.00 to $73.00 and set an “overweight” rating for the company in a research note on Tuesday, March 31st. Nineteen investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $70.88.

Citizens Financial Group Stock Performance

Shares of CFG stock opened at $60.73 on Tuesday. The stock has a market cap of $25.68 billion, a P/E ratio of 14.36, a P/E/G ratio of 0.49 and a beta of 0.70. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.85 and a quick ratio of 0.84. The company has a fifty day moving average price of $62.47 and a two-hundred day moving average price of $60.56. Citizens Financial Group, Inc. has a one year low of $39.40 and a one year high of $68.79.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings data on Thursday, April 16th. The bank reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.03. Citizens Financial Group had a net margin of 16.21% and a return on equity of 8.31%. The company had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.16 billion. During the same period in the prior year, the firm earned $0.77 earnings per share. The company’s revenue was up 12.0% on a year-over-year basis. As a group, equities analysts predict that Citizens Financial Group, Inc. will post 5.2 EPS for the current year.

Citizens Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Thursday, April 30th were issued a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Thursday, April 30th. Citizens Financial Group’s dividend payout ratio (DPR) is currently 43.50%.

Insider Activity at Citizens Financial Group

In related news, insider Susan Lamonica sold 13,258 shares of Citizens Financial Group stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $58.04, for a total transaction of $769,494.32. Following the sale, the insider directly owned 165,971 shares of the company’s stock, valued at approximately $9,632,956.84. The trade was a 7.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Michelle Moosally sold 6,050 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $62.16, for a total transaction of $376,068.00. Following the sale, the insider directly owned 22,565 shares in the company, valued at $1,402,640.40. The trade was a 21.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.67% of the company’s stock.

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.