Citizens Financial Group, Inc. $CFG Shares Acquired by Engineers Gate Manager LP

Engineers Gate Manager LP grew its position in Citizens Financial Group, Inc. (NYSE:CFG) by 7,593.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 361,367 shares of the bank’s stock after purchasing an additional 356,670 shares during the quarter. Engineers Gate Manager LP’s holdings in Citizens Financial Group were worth $21,107,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. University of Texas Texas AM Investment Management Co. purchased a new stake in Citizens Financial Group during the 4th quarter worth about $26,000. Activest Wealth Management lifted its holdings in Citizens Financial Group by 5,600.0% during the 4th quarter. Activest Wealth Management now owns 513 shares of the bank’s stock worth $30,000 after buying an additional 504 shares during the last quarter. DV Equities LLC purchased a new stake in Citizens Financial Group during the 4th quarter worth about $35,000. Fortitude Family Office LLC lifted its holdings in Citizens Financial Group by 632.0% during the 4th quarter. Fortitude Family Office LLC now owns 710 shares of the bank’s stock worth $41,000 after buying an additional 613 shares during the last quarter. Finally, Elyxium Wealth LLC purchased a new stake in Citizens Financial Group during the 4th quarter worth about $50,000. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Citizens Financial Group Price Performance

Shares of NYSE:CFG opened at $66.74 on Thursday. The company’s fifty day moving average price is $63.89 and its 200 day moving average price is $61.66. Citizens Financial Group, Inc. has a 12 month low of $40.41 and a 12 month high of $68.79. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.85 and a quick ratio of 0.84. The firm has a market capitalization of $28.22 billion, a P/E ratio of 15.78, a P/E/G ratio of 0.53 and a beta of 0.68.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings results on Thursday, April 16th. The bank reported $1.13 EPS for the quarter, topping the consensus estimate of $1.10 by $0.03. Citizens Financial Group had a net margin of 16.21% and a return on equity of 8.31%. The firm had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.16 billion. During the same period last year, the business earned $0.77 EPS. Citizens Financial Group’s revenue for the quarter was up 12.0% compared to the same quarter last year. As a group, sell-side analysts predict that Citizens Financial Group, Inc. will post 5.2 earnings per share for the current fiscal year.

Citizens Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Thursday, April 30th were paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 2.8%. The ex-dividend date was Thursday, April 30th. Citizens Financial Group’s dividend payout ratio (DPR) is currently 43.50%.

Analyst Ratings Changes

CFG has been the subject of a number of recent analyst reports. Citigroup reaffirmed a “buy” rating on shares of Citizens Financial Group in a report on Friday, May 8th. Robert W. Baird raised Citizens Financial Group from a “neutral” rating to an “outperform” rating and set a $65.00 price target for the company in a report on Monday, March 9th. Keefe, Bruyette & Woods lifted their price target on Citizens Financial Group from $70.00 to $72.00 and gave the stock an “outperform” rating in a report on Friday, April 17th. Truist Financial lifted their price target on Citizens Financial Group from $63.00 to $69.00 and gave the stock a “hold” rating in a report on Friday, April 17th. Finally, Cantor Fitzgerald reiterated an “overweight” rating on shares of Citizens Financial Group in a research note on Tuesday, June 9th. Eighteen equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Citizens Financial Group has an average rating of “Moderate Buy” and an average target price of $70.88.

Insider Transactions at Citizens Financial Group

In other Citizens Financial Group news, insider Michelle Moosally sold 6,050 shares of the firm’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $62.16, for a total transaction of $376,068.00. Following the transaction, the insider directly owned 22,565 shares of the company’s stock, valued at approximately $1,402,640.40. This trade represents a 21.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.67% of the company’s stock.

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.