Sandro Wealth Management LLC Buys Shares of 7,207 Citizens Financial Group, Inc. $CFG

Sandro Wealth Management LLC purchased a new position in Citizens Financial Group, Inc. (NYSE:CFG) during the 2nd quarter, HoldingsChannel reports. The firm purchased 7,207 shares of the bank’s stock, valued at approximately $505,000.

Other large investors also recently modified their holdings of the company. Geode Capital Management LLC boosted its holdings in Citizens Financial Group by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 11,361,142 shares of the bank’s stock valued at $661,052,000 after purchasing an additional 32,264 shares during the period. Jupiter Asset Management Ltd. grew its position in Citizens Financial Group by 45.9% in the 4th quarter. Jupiter Asset Management Ltd. now owns 270,484 shares of the bank’s stock worth $15,799,000 after purchasing an additional 85,052 shares during the last quarter. Todd Asset Management LLC increased its holdings in shares of Citizens Financial Group by 10.6% during the 4th quarter. Todd Asset Management LLC now owns 991,510 shares of the bank’s stock worth $57,914,000 after purchasing an additional 94,774 shares during the period. HighTower Advisors LLC increased its holdings in shares of Citizens Financial Group by 51.8% during the 4th quarter. HighTower Advisors LLC now owns 58,648 shares of the bank’s stock worth $3,426,000 after purchasing an additional 20,008 shares during the period. Finally, Systematic Financial Management LP increased its holdings in shares of Citizens Financial Group by 20.7% during the 4th quarter. Systematic Financial Management LP now owns 100,617 shares of the bank’s stock worth $5,877,000 after purchasing an additional 17,225 shares during the period. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Citizens Financial Group Trading Up 0.8%

Shares of CFG stock opened at $74.72 on Friday. The firm has a fifty day moving average of $70.56 and a 200-day moving average of $65.26. The stock has a market cap of $31.47 billion, a price-to-earnings ratio of 16.21, a P/E/G ratio of 0.57 and a beta of 0.67. Citizens Financial Group, Inc. has a 52-week low of $47.96 and a 52-week high of $74.86. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.85 and a current ratio of 0.86.

Citizens Financial Group (NYSE:CFG) last issued its earnings results on Thursday, July 16th. The bank reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.05. The business had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.25 billion. Citizens Financial Group had a net margin of 17.18% and a return on equity of 8.85%. The firm’s revenue was up 12.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.92 EPS. On average, equities research analysts forecast that Citizens Financial Group, Inc. will post 5.3 earnings per share for the current fiscal year.

Citizens Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Thursday, July 30th were paid a dividend of $0.46 per share. The ex-dividend date was Thursday, July 30th. This represents a $1.84 dividend on an annualized basis and a yield of 2.5%. Citizens Financial Group’s dividend payout ratio (DPR) is currently 39.91%.

Analyst Upgrades and Downgrades

CFG has been the subject of several research reports. Barclays increased their target price on shares of Citizens Financial Group from $77.00 to $81.00 and gave the company an “overweight” rating in a research note on Friday, July 17th. Morgan Stanley boosted their price target on Citizens Financial Group from $73.00 to $79.00 and gave the company an “overweight” rating in a research note on Monday, June 29th. UBS Group upped their price target on Citizens Financial Group from $75.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. JPMorgan Chase & Co. upped their price target on Citizens Financial Group from $76.00 to $78.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Finally, Citigroup raised their price objective on Citizens Financial Group from $78.00 to $84.00 and gave the stock a “buy” rating in a research report on Monday, July 20th. Sixteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $79.05.

Insider Buying and Selling

In other Citizens Financial Group news, CEO Saun Bruce Van sold 129,369 shares of Citizens Financial Group stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $72.07, for a total transaction of $9,323,623.83. Following the sale, the chief executive officer directly owned 1,140,763 shares of the company’s stock, valued at approximately $82,214,789.41. The trade was a 10.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.67% of the stock is currently owned by corporate insiders.

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.