Duality Advisers LP acquired a new stake in shares of Citizens Financial Group, Inc. (NYSE:CFG – Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 32,503 shares of the bank’s stock, valued at approximately $1,180,000.
Other institutional investors have also bought and sold shares of the company. Larson Financial Group LLC bought a new position in Citizens Financial Group during the fourth quarter valued at $33,000. Quarry LP lifted its holdings in shares of Citizens Financial Group by 183.1% in the 4th quarter. Quarry LP now owns 1,104 shares of the bank’s stock worth $37,000 after acquiring an additional 714 shares during the last quarter. CVA Family Office LLC bought a new stake in shares of Citizens Financial Group in the 4th quarter worth about $40,000. Blue Trust Inc. lifted its holdings in shares of Citizens Financial Group by 77.6% in the 4th quarter. Blue Trust Inc. now owns 1,314 shares of the bank’s stock worth $44,000 after acquiring an additional 574 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV lifted its holdings in shares of Citizens Financial Group by 40.4% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,640 shares of the bank’s stock worth $54,000 after acquiring an additional 472 shares during the last quarter. Institutional investors own 94.90% of the company’s stock.
Insider Buying and Selling
In related news, insider Craig Jack Read sold 6,327 shares of the business’s stock in a transaction dated Friday, April 19th. The shares were sold at an average price of $33.70, for a total value of $213,219.90. Following the completion of the transaction, the insider now owns 37,558 shares of the company’s stock, valued at approximately $1,265,704.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.62% of the company’s stock.
Analysts Set New Price Targets
Read Our Latest Research Report on Citizens Financial Group
Citizens Financial Group Stock Up 0.1 %
CFG stock traded up $0.02 during midday trading on Friday, reaching $38.22. 2,440,119 shares of the company were exchanged, compared to its average volume of 5,311,765. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.87 and a current ratio of 0.87. Citizens Financial Group, Inc. has a 1-year low of $22.77 and a 1-year high of $38.37. The stock’s 50-day simple moving average is $35.40 and its 200 day simple moving average is $33.99. The company has a market cap of $17.39 billion, a price-to-earnings ratio of 13.84, a price-to-earnings-growth ratio of 1.38 and a beta of 1.10.
Citizens Financial Group (NYSE:CFG – Get Free Report) last announced its earnings results on Wednesday, April 17th. The bank reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.10). The business had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.96 billion. Citizens Financial Group had a net margin of 11.52% and a return on equity of 6.62%. The business’s revenue was down 7.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.00 earnings per share. On average, equities analysts forecast that Citizens Financial Group, Inc. will post 3.2 earnings per share for the current year.
Citizens Financial Group Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st were given a $0.42 dividend. The ex-dividend date of this dividend was Tuesday, April 30th. This represents a $1.68 annualized dividend and a dividend yield of 4.40%. Citizens Financial Group’s dividend payout ratio is presently 60.87%.
Citizens Financial Group Profile
Citizens Financial Group, Inc operates as the bank holding company that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, corporations, and institutions in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.
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