William John Sempolinski Buys New Stake in Citizens Financial Group, Inc. $CFG

William John Sempolinski bought a new position in Citizens Financial Group, Inc. (NYSE:CFG) during the 2nd quarter, Holdings Channel reports. The fund bought 12,518 shares of the bank’s stock, valued at approximately $877,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CFG. Elevation Wealth Partners LLC grew its position in shares of Citizens Financial Group by 319.8% in the second quarter. Elevation Wealth Partners LLC now owns 424 shares of the bank’s stock valued at $30,000 after purchasing an additional 323 shares during the last quarter. University of Texas Texas AM Investment Management Co. acquired a new position in shares of Citizens Financial Group during the 4th quarter worth about $26,000. Cedar Mountain Advisors LLC bought a new stake in Citizens Financial Group during the 1st quarter valued at approximately $27,000. Keating Financial Advisory Services Inc. bought a new stake in Citizens Financial Group during the 2nd quarter valued at approximately $35,000. Finally, Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in Citizens Financial Group in the 4th quarter valued at approximately $29,000. Institutional investors and hedge funds own 94.90% of the company’s stock.

Insider Buying and Selling at Citizens Financial Group

In other news, CEO Bruce Van Saun sold 129,369 shares of the stock in a transaction on Friday, July 24th. The stock was sold at an average price of $72.07, for a total value of $9,323,623.83. Following the transaction, the chief executive officer owned 1,140,763 shares of the company’s stock, valued at $82,214,789.41. This represents a 10.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.67% of the stock is currently owned by company insiders.

Citizens Financial Group Stock Down 0.0%

Shares of CFG opened at $70.81 on Friday. The firm has a market capitalization of $29.82 billion, a price-to-earnings ratio of 15.36, a PEG ratio of 0.64 and a beta of 0.66. 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 business’s fifty day moving average price is $71.48 and its two-hundred day moving average price is $65.80. Citizens Financial Group, Inc. has a 52 week low of $47.96 and a 52 week high of $75.33.

Citizens Financial Group (NYSE:CFG) last released its earnings results on Thursday, July 16th. The bank reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.25 billion. During the same period in the prior year, the company posted $0.92 EPS. The company’s revenue was up 12.1% compared to the same quarter last year. On average, analysts predict 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 announced a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Thursday, July 30th were given a dividend of $0.46 per share. The ex-dividend date was Thursday, July 30th. This represents a $1.84 annualized dividend and a dividend yield of 2.6%. Citizens Financial Group’s payout ratio is presently 39.91%.

Wall Street Analyst Weigh In

Several brokerages have commented on CFG. Barclays lifted their price target on Citizens Financial Group from $77.00 to $81.00 and gave the stock an “overweight” rating in a research report on Friday, July 17th. JPMorgan Chase & Co. raised their price target on shares of Citizens Financial Group from $76.00 to $78.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Evercore restated an “outperform” rating and issued a $80.00 target price on shares of Citizens Financial Group in a research note on Monday, July 6th. Truist Financial increased their target price on shares of Citizens Financial Group from $72.00 to $80.00 and gave the stock a “hold” rating in a research report on Tuesday, July 21st. Finally, 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 report on Friday, July 17th. Sixteen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $79.25.

Citizens Financial Group 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.