MANA Advisors LLC Acquires New Stake in Citizens Financial Group Inc (CFG)
MANA Advisors LLC acquired a new stake in shares of Citizens Financial Group Inc (NYSE:CFG) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,868 shares of the bank’s stock, valued at approximately $288,000.
A number of other institutional investors also recently modified their holdings of the stock. Ladenburg Thalmann Financial Services Inc. lifted its position in Citizens Financial Group by 7.5% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 16,060 shares of the bank’s stock valued at $674,000 after purchasing an additional 1,120 shares during the period. Pitcairn Co. raised its position in Citizens Financial Group by 8.9% in the fourth quarter. Pitcairn Co. now owns 14,451 shares of the bank’s stock worth $606,000 after acquiring an additional 1,182 shares during the period. IFM Investors Pty Ltd raised its position in Citizens Financial Group by 8.1% in the first quarter. IFM Investors Pty Ltd now owns 16,234 shares of the bank’s stock worth $682,000 after acquiring an additional 1,220 shares during the period. Intrust Bank NA raised its position in Citizens Financial Group by 13.5% in the first quarter. Intrust Bank NA now owns 12,189 shares of the bank’s stock worth $511,000 after acquiring an additional 1,454 shares during the period. Finally, ETRADE Capital Management LLC raised its position in Citizens Financial Group by 6.5% in the fourth quarter. ETRADE Capital Management LLC now owns 24,993 shares of the bank’s stock worth $1,050,000 after acquiring an additional 1,532 shares during the period. Institutional investors own 95.40% of the company’s stock.
Shares of Citizens Financial Group opened at $42.21 on Wednesday, according to Marketbeat.com. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.98 and a quick ratio of 0.97. The firm has a market capitalization of $20.29 billion, a PE ratio of 16.36, a PEG ratio of 0.58 and a beta of 1.39. Citizens Financial Group Inc has a 1 year low of $31.51 and a 1 year high of $48.23.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 16th. Stockholders of record on Wednesday, May 2nd were paid a $0.22 dividend. The ex-dividend date was Tuesday, May 1st. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.08%. Citizens Financial Group’s dividend payout ratio (DPR) is presently 34.11%.
Several research analysts have weighed in on the stock. Morgan Stanley increased their price target on shares of Citizens Financial Group from $52.00 to $53.00 and gave the stock an “overweight” rating in a research report on Thursday, May 31st. Robert W. Baird upgraded shares of Citizens Financial Group from a “neutral” rating to an “outperform” rating and set a $46.00 price target on the stock in a research report on Wednesday, May 30th. Zacks Investment Research upgraded shares of Citizens Financial Group from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research report on Friday, June 1st. Citigroup reiterated a “hold” rating on shares of Citizens Financial Group in a research report on Friday, April 20th. Finally, BMO Capital Markets decreased their price target on shares of Citizens Financial Group from $56.00 to $52.00 and set an “outperform” rating on the stock in a research report on Monday, April 23rd. Two analysts have rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company’s stock. Citizens Financial Group has an average rating of “Hold” and an average target price of $45.82.
In other news, insider Randall J. Black sold 792 shares of the stock in a transaction on Tuesday, June 5th. The shares were sold at an average price of $41.49, for a total value of $32,860.08. Following the completion of the sale, the insider now directly owns 34,258 shares of the company’s stock, valued at $1,421,364.42. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.22% of the company’s stock.
Citizens Financial Group Company Profile
Citizens Financial Group, Inc operates as the bank holding company for Citizens Bank, National Association and Citizens Bank of Pennsylvania that provide retail and commercial banking products and services in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.
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