SG Americas Securities LLC Purchases 290,493 Shares of Citizens Financial Group, Inc. $CFG

SG Americas Securities LLC increased its holdings in Citizens Financial Group, Inc. (NYSE:CFG) by 1,779.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 306,820 shares of the bank’s stock after acquiring an additional 290,493 shares during the quarter. SG Americas Securities LLC owned about 0.07% of Citizens Financial Group worth $17,921,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of CFG. Grove Bank & Trust grew its stake in Citizens Financial Group by 19.8% during the 4th quarter. Grove Bank & Trust now owns 1,107 shares of the bank’s stock valued at $65,000 after acquiring an additional 183 shares in the last quarter. StoneX Group Inc. lifted its position in shares of Citizens Financial Group by 0.4% in the second quarter. StoneX Group Inc. now owns 60,307 shares of the bank’s stock worth $2,699,000 after purchasing an additional 213 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Citizens Financial Group by 3.3% during the third quarter. EverSource Wealth Advisors LLC now owns 6,784 shares of the bank’s stock worth $361,000 after purchasing an additional 219 shares during the period. Profund Advisors LLC boosted its holdings in shares of Citizens Financial Group by 2.9% during the third quarter. Profund Advisors LLC now owns 7,821 shares of the bank’s stock worth $416,000 after purchasing an additional 221 shares during the period. Finally, Versant Capital Management Inc grew its position in Citizens Financial Group by 4.9% during the third quarter. Versant Capital Management Inc now owns 4,821 shares of the bank’s stock valued at $256,000 after purchasing an additional 224 shares in the last quarter. 94.90% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Susan Lamonica sold 13,258 shares of the stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $58.04, for a total value of $769,494.32. Following the completion of the transaction, the insider owned 165,971 shares of the company’s stock, valued at $9,632,956.84. This represents a 7.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.67% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms have recently weighed in on CFG. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $75.00 price target on shares of Citizens Financial Group in a research note on Tuesday, March 3rd. New Street Research set a $73.00 price objective on shares of Citizens Financial Group in a research report on Thursday, January 22nd. Keefe, Bruyette & Woods lifted their target price on shares of Citizens Financial Group from $68.00 to $70.00 and gave the company an “outperform” rating in a research note on Thursday, January 22nd. Truist Financial decreased their target price on shares of Citizens Financial Group from $71.00 to $63.00 and set a “hold” rating for the company in a research report on Monday, March 23rd. Finally, Bank of America raised their price target on shares of Citizens Financial Group from $70.00 to $78.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Twenty investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Citizens Financial Group presently has an average rating of “Moderate Buy” and a consensus target price of $69.59.

Citizens Financial Group Stock Down 1.4%

CFG stock opened at $57.76 on Friday. Citizens Financial Group, Inc. has a twelve month low of $32.60 and a twelve month high of $68.79. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.46. The company has a market cap of $24.55 billion, a PE ratio of 14.93, a price-to-earnings-growth ratio of 0.48 and a beta of 0.70. The business’s 50-day simple moving average is $61.80 and its 200 day simple moving average is $57.00.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings data on Wednesday, January 21st. The bank reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.02. Citizens Financial Group had a return on equity of 7.81% and a net margin of 15.19%.The company had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter last year, the company earned $0.85 EPS. The company’s quarterly revenue was up 8.6% on a year-over-year basis. On average, research analysts anticipate that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current year.

Citizens Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 18th. Investors of record on Wednesday, February 4th were paid a $0.46 dividend. The ex-dividend date of this dividend was Wednesday, February 4th. This represents a $1.84 dividend on an annualized basis and a yield of 3.2%. Citizens Financial Group’s payout ratio is presently 47.55%.

About Citizens Financial Group

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.