Citizens Financial Group Inc (NYSE:CFG) Shares Acquired by Meadow Creek Investment Management LLC
Meadow Creek Investment Management LLC lifted its holdings in Citizens Financial Group Inc (NYSE:CFG) by 49.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 128,928 shares of the bank’s stock after buying an additional 42,738 shares during the period. Meadow Creek Investment Management LLC’s holdings in Citizens Financial Group were worth $4,559,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also bought and sold shares of the company. Wealthcare Advisory Partners LLC raised its holdings in Citizens Financial Group by 23,866.7% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 719 shares of the bank’s stock valued at $25,000 after acquiring an additional 716 shares during the last quarter. Zions Bancorporation N.A. purchased a new stake in shares of Citizens Financial Group in the first quarter valued at approximately $29,000. Oakworth Capital Inc. increased its holdings in shares of Citizens Financial Group by 739.0% in the second quarter. Oakworth Capital Inc. now owns 1,183 shares of the bank’s stock valued at $41,000 after purchasing an additional 1,042 shares during the last quarter. Institutional & Family Asset Management LLC acquired a new stake in shares of Citizens Financial Group in the first quarter valued at approximately $54,000. Finally, Advisory Services Network LLC increased its holdings in shares of Citizens Financial Group by 55.8% in the first quarter. Advisory Services Network LLC now owns 1,765 shares of the bank’s stock valued at $57,000 after purchasing an additional 632 shares during the last quarter. 96.78% of the stock is currently owned by hedge funds and other institutional investors.
CFG traded down $0.17 on Wednesday, hitting $36.11. The company had a trading volume of 171,034 shares, compared to its average volume of 3,786,053. The firm has a market cap of $16.16 billion, a P/E ratio of 10.13, a PEG ratio of 1.72 and a beta of 1.47. Citizens Financial Group Inc has a 1 year low of $27.62 and a 1 year high of $41.27. The company’s fifty day moving average price is $34.19 and its 200 day moving average price is $34.81. The company has a current ratio of 0.96, a quick ratio of 0.95 and a debt-to-equity ratio of 0.55.
The business also recently declared a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Wednesday, July 31st were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.99%. This is an increase from Citizens Financial Group’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Tuesday, July 30th. Citizens Financial Group’s payout ratio is 40.45%.
A number of equities analysts have weighed in on CFG shares. UBS Group lowered Citizens Financial Group from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $40.00 to $38.00 in a research note on Wednesday, July 10th. Argus raised shares of Citizens Financial Group from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a report on Monday, July 29th. Citigroup cut shares of Citizens Financial Group from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $40.00 to $35.00 in a research report on Friday, July 12th. JPMorgan Chase & Co. reduced their target price on shares of Citizens Financial Group from $41.50 to $40.50 and set an “overweight” rating on the stock in a research note on Tuesday, July 9th. Finally, Zacks Investment Research downgraded shares of Citizens Financial Group from a “hold” rating to a “sell” rating and set a $37.00 target price on the stock. in a research note on Friday, July 12th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $40.42.
In related news, Director Charles John Koch acquired 15,000 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were purchased at an average cost of $32.45 per share, for a total transaction of $486,750.00. Following the acquisition, the director now owns 68,781 shares in the company, valued at approximately $2,231,943.45. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.32% of the stock is currently owned by insiders.
About Citizens Financial Group
Citizens Financial Group, Inc operates as the bank holding company for Citizens Bank, National Association and Citizens Bank of Pennsylvania that provides 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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