Capitolis Liquid Global Markets LLC Takes Position in Citizens Financial Group, Inc. $CFG

Capitolis Liquid Global Markets LLC purchased a new position in Citizens Financial Group, Inc. (NYSE:CFG) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 319,000 shares of the bank’s stock, valued at approximately $16,958,000. Capitolis Liquid Global Markets LLC owned 0.07% of Citizens Financial Group as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of CFG. StoneX Group Inc. grew its position in Citizens Financial Group by 0.4% in the 2nd quarter. StoneX Group Inc. now owns 60,307 shares of the bank’s stock valued at $2,699,000 after acquiring an additional 213 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position 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 last quarter. Profund Advisors LLC lifted its position 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 last quarter. Versant Capital Management Inc boosted its stake in shares of 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 during the period. Finally, Gries Financial LLC boosted its stake in shares of Citizens Financial Group by 3.4% during the third quarter. Gries Financial LLC now owns 7,331 shares of the bank’s stock valued at $390,000 after purchasing an additional 243 shares during the period. 94.90% of the stock is owned by institutional investors.

Citizens Financial Group Trading Down 2.4%

NYSE CFG opened at $55.59 on Friday. Citizens Financial Group, Inc. has a one year low of $32.60 and a one year high of $68.79. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.84 and a current ratio of 0.85. The company has a market capitalization of $23.63 billion, a price-to-earnings ratio of 14.37, a price-to-earnings-growth ratio of 0.45 and a beta of 0.70. The company’s 50-day simple moving average is $62.41 and its two-hundred day simple moving average is $56.64.

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

Citizens Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 18th. Shareholders of record on Wednesday, February 4th were issued a dividend of $0.46 per share. The ex-dividend date was Wednesday, February 4th. This represents a $1.84 dividend on an annualized basis and a yield of 3.3%. Citizens Financial Group’s dividend payout ratio is currently 47.55%.

Wall Street Analysts Forecast Growth

CFG has been the topic of several recent analyst reports. New Street Research set a $73.00 price target on shares of Citizens Financial Group in a research note on Thursday, January 22nd. Barclays set a $77.00 price objective on shares of Citizens Financial Group and gave the company an “overweight” rating in a research report on Monday, January 5th. DA Davidson upped their target price on shares of Citizens Financial Group from $65.00 to $73.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Royal Bank Of Canada raised their target price on shares of Citizens Financial Group from $60.00 to $67.00 and gave the stock an “outperform” rating in a research report on Thursday, January 22nd. Finally, Argus lifted their price target on shares of Citizens Financial Group from $60.00 to $72.00 and gave the company a “buy” rating in a research note on Friday, January 23rd. Twenty analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $69.95.

Insiders Place Their Bets

In other Citizens Financial Group news, insider Susan Lamonica sold 13,258 shares of the stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $58.04, for a total transaction of $769,494.32. Following the sale, the insider owned 165,971 shares of the company’s stock, valued at approximately $9,632,956.84. This trade represents a 7.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.65% of the stock is currently owned by corporate insiders.

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.