Citizens Financial Group, Inc. $CFG Stock Purchased by Triumph Capital Management

Triumph Capital Management boosted its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 88,440.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,978 shares of the bank’s stock after buying an additional 61,908 shares during the period. Triumph Capital Management’s holdings in Citizens Financial Group were worth $3,952,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of Citizens Financial Group in the 2nd quarter valued at $3,415,046,000. Dimensional Fund Advisors LP lifted its holdings in shares of Citizens Financial Group by 0.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,719,160 shares of the bank’s stock worth $282,927,000 after acquiring an additional 28,602 shares during the period. Amundi lifted its holdings in shares of Citizens Financial Group by 31.2% during the 2nd quarter. Amundi now owns 3,685,819 shares of the bank’s stock worth $258,265,000 after acquiring an additional 875,666 shares during the period. Bank of America Corp DE acquired a new stake in shares of Citizens Financial Group during the 2nd quarter valued at about $223,386,000. Finally, Legal & General Group Plc acquired a new stake in shares of Citizens Financial Group during the 2nd quarter valued at about $207,234,000. Institutional investors own 94.90% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on CFG. UBS Group lowered their target price on shares of Citizens Financial Group from $82.00 to $77.00 and set a “buy” rating on the stock in a research note on Monday, October 5th. Truist Financial decreased their price objective on Citizens Financial Group from $80.00 to $77.00 and set a “hold” rating on the stock in a report on Wednesday, September 23rd. Stephens lifted their price objective on Citizens Financial Group from $68.00 to $70.00 and gave the company an “equal weight” rating in a report on Friday, July 17th. Cantor Fitzgerald lowered their price objective on Citizens Financial Group from $84.00 to $78.00 and set an “overweight” rating on the stock in a research note on Wednesday. Finally, Jefferies Financial Group increased their target price on Citizens Financial Group from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, July 16th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $79.08.

Citizens Financial Group Price Performance

Shares of CFG traded down $0.79 during trading hours on Wednesday, hitting $62.51. The stock had a trading volume of 4,481,779 shares, compared to its average volume of 4,596,083. The company’s fifty day moving average is $68.62 and its two-hundred day moving average is $67.00. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.86 and a quick ratio of 0.85. Citizens Financial Group, Inc. has a 52 week low of $47.96 and a 52 week high of $75.33. The stock has a market capitalization of $26.33 billion, a price-to-earnings ratio of 13.56, a P/E/G ratio of 0.58 and a beta of 0.72.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings results on Thursday, July 16th. The bank reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.05. Citizens Financial Group had a net margin of 17.18% and a return on equity of 8.85%. The firm had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.25 billion. During the same period last year, the firm posted $0.92 EPS. The firm’s quarterly revenue was up 12.1% on a year-over-year basis. On average, analysts anticipate that Citizens Financial Group, Inc. will post 5.29 EPS for the current year.

Insiders Place Their Bets

In other Citizens Financial Group news, CEO Bruce Van Saun sold 129,369 shares of the company’s stock in a transaction dated Friday, July 24th. The shares were 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. This represents a 10.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.67% of the company’s stock.

About Citizens Financial Group

Citizens Financial Group, Inc is a bank holding company headquartered in Providence, Rhode Island. Its principal subsidiary, Citizens Bank, provides banking and financial services to individuals, families, businesses and institutions through branches, digital channels and other delivery platforms.

The company’s consumer banking activities include checking and savings accounts, residential mortgages, home equity lending, credit cards, personal loans and other lending products. Through its commercial banking operations, Citizens provides business loans, commercial real estate financing, treasury management, capital markets services and other solutions for companies and institutional clients.