Citizens Financial Group, Inc. $CFG Holdings Raised by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 34.3% in the first quarter, Holdings Channel.com reports. The firm owned 664,705 shares of the bank’s stock after purchasing an additional 169,726 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Citizens Financial Group were worth $39,862,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Citizens Financial Group in the 4th quarter valued at $355,909,000. AQR Capital Management LLC increased its position in Citizens Financial Group by 56.9% during the fourth quarter. AQR Capital Management LLC now owns 7,722,559 shares of the bank’s stock worth $451,075,000 after buying an additional 2,799,050 shares during the last quarter. Victory Capital Management Inc. raised its holdings in Citizens Financial Group by 89.4% during the fourth quarter. Victory Capital Management Inc. now owns 4,731,592 shares of the bank’s stock valued at $276,372,000 after buying an additional 2,232,806 shares in the last quarter. Amundi raised its holdings in Citizens Financial Group by 136.4% during the fourth quarter. Amundi now owns 3,513,388 shares of the bank’s stock valued at $205,217,000 after buying an additional 2,027,255 shares in the last quarter. Finally, Capital International Investors lifted its position in shares of Citizens Financial Group by 32.3% in the fourth quarter. Capital International Investors now owns 8,000,750 shares of the bank’s stock worth $467,389,000 after buying an additional 1,953,372 shares during the last quarter. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Insider Activity at Citizens Financial Group

In other news, insider Michelle Moosally sold 6,050 shares of the stock in a transaction 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 owned 22,565 shares in the company, valued at approximately $1,402,640.40. This represents a 21.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.67% of the company’s stock.

Citizens Financial Group Stock Performance

CFG opened at $71.80 on Friday. The firm has a market capitalization of $30.36 billion, a P/E ratio of 15.58, a price-to-earnings-growth ratio of 0.55 and a beta of 0.67. The stock’s 50 day moving average price is $67.48 and its two-hundred day moving average price is $64.05. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 0.63. Citizens Financial Group, Inc. has a 12-month low of $45.90 and a 12-month high of $74.70.

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

Citizens Financial Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 13th. Shareholders of record on Thursday, July 30th will be paid a $0.46 dividend. The ex-dividend date of this dividend is Thursday, July 30th. This represents a $1.84 dividend on an annualized basis and a yield of 2.6%. Citizens Financial Group’s payout ratio is currently 39.91%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Truist Financial upped their target price on Citizens Financial Group from $72.00 to $80.00 and gave the stock a “hold” rating in a research report on Tuesday. Royal Bank Of Canada lifted their price target on shares of Citizens Financial Group from $70.00 to $79.00 and gave the company an “outperform” rating in a research report on Friday, July 17th. DA Davidson boosted their price objective on shares of Citizens Financial Group from $80.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, July 17th. Citigroup upped their price objective on shares of Citizens Financial Group from $78.00 to $84.00 and gave the stock a “buy” rating in a report on Monday, July 20th. Finally, Stephens raised their target price on shares of Citizens Financial Group from $68.00 to $70.00 and gave the company an “equal weight” rating in a research note on Friday, July 17th. Seventeen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $78.55.

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.