Infrastructure Capital Advisors LLC Purchases 37,488 Shares of Citizens Financial Group, Inc. $CFG

Infrastructure Capital Advisors LLC lifted its position in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 83.8% in the first quarter, HoldingsChannel reports. The fund owned 82,212 shares of the bank’s stock after buying an additional 37,488 shares during the period. Infrastructure Capital Advisors LLC’s holdings in Citizens Financial Group were worth $4,930,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in CFG. Geode Capital Management LLC increased its position in Citizens Financial Group by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 11,361,142 shares of the bank’s stock worth $661,052,000 after purchasing an additional 32,264 shares during the period. Morgan Stanley boosted its stake in shares of Citizens Financial Group by 2.7% in the 4th quarter. Morgan Stanley now owns 11,217,975 shares of the bank’s stock valued at $655,242,000 after purchasing an additional 298,779 shares during the last quarter. Capital International Investors boosted its stake in shares of Citizens Financial Group by 32.3% in the 4th quarter. Capital International Investors now owns 8,000,750 shares of the bank’s stock valued at $467,389,000 after purchasing an additional 1,953,372 shares during the last quarter. AQR Capital Management LLC grew its position in shares of Citizens Financial Group by 56.9% during the 4th 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 period. Finally, Ninety One UK Ltd grew its position in shares of Citizens Financial Group by 13.1% during the 4th quarter. Ninety One UK Ltd now owns 6,574,714 shares of the bank’s stock worth $384,029,000 after buying an additional 763,098 shares during the period. Institutional investors and hedge funds own 94.90% of the company’s stock.

Citizens Financial Group Stock Down 1.0%

Shares of NYSE CFG opened at $71.14 on Tuesday. Citizens Financial Group, Inc. has a 52-week low of $45.90 and a 52-week high of $74.70. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.85 and a current ratio of 0.86. The stock has a market cap of $30.08 billion, a P/E ratio of 15.43, a P/E/G ratio of 0.55 and a beta of 0.67. The firm has a 50 day moving average price of $67.68 and a 200 day moving average price of $64.13.

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. The company had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.25 billion. Citizens Financial Group had a net margin of 17.18% and a return on equity of 8.85%. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period last year, the business posted $0.92 earnings per share. Analysts expect that Citizens Financial Group, Inc. will post 5.3 EPS for the current year.

Citizens Financial Group Dividend Announcement

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 issued a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Thursday, July 30th. Citizens Financial Group’s dividend payout ratio is 39.91%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. DA Davidson increased their price objective on shares of Citizens Financial Group from $80.00 to $85.00 and gave the company a “buy” rating in a report on Friday, July 17th. Cantor Fitzgerald upped their target price on shares of Citizens Financial Group from $75.00 to $80.00 and gave the company an “overweight” rating in a research report on Wednesday, July 15th. Barclays increased their price target on Citizens Financial Group from $77.00 to $81.00 and gave the company an “overweight” rating in a research note on Friday, July 17th. JPMorgan Chase & Co. raised their price target on Citizens Financial Group from $68.50 to $76.00 and gave the stock an “overweight” rating in a research report on Monday, July 6th. Finally, Weiss Ratings upgraded Citizens Financial Group from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 6th. Seventeen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $78.55.

Insider Buying and Selling at Citizens Financial Group

In other news, insider Michelle Moosally sold 6,050 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $62.16, for a total value of $376,068.00. Following the completion of the transaction, the insider owned 22,565 shares in the company, valued at $1,402,640.40. This represents a 21.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.67% of the stock is owned by company insiders.

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.