Corient Private Wealth LLC Acquires 14,965 Shares of Citizens Financial Group, Inc. $CFG

Corient Private Wealth LLC lifted its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 16.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 106,846 shares of the bank’s stock after acquiring an additional 14,965 shares during the period. Corient Private Wealth LLC’s holdings in Citizens Financial Group were worth $6,241,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Parallel Advisors LLC grew its position in Citizens Financial Group by 2.9% in the fourth quarter. Parallel Advisors LLC now owns 6,078 shares of the bank’s stock valued at $355,000 after acquiring an additional 172 shares during the last quarter. AA Financial Advisors LLC lifted its holdings in shares of Citizens Financial Group by 3.9% in the fourth quarter. AA Financial Advisors LLC now owns 4,657 shares of the bank’s stock worth $272,000 after acquiring an additional 174 shares during the last quarter. Inscription Capital LLC boosted its stake in shares of Citizens Financial Group by 1.6% in the 4th quarter. Inscription Capital LLC now owns 10,902 shares of the bank’s stock valued at $637,000 after purchasing an additional 175 shares in the last quarter. Clear Harbor Asset Management LLC boosted its stake in shares of Citizens Financial Group by 0.9% in the 4th quarter. Clear Harbor Asset Management LLC now owns 19,694 shares of the bank’s stock valued at $1,150,000 after purchasing an additional 175 shares in the last quarter. Finally, Grove Bank & Trust grew its holdings in shares of 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 purchasing an additional 183 shares during the last quarter. 94.90% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider Michelle Moosally sold 6,050 shares of the firm’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $62.16, for a total transaction of $376,068.00. Following the completion of the transaction, the insider directly owned 22,565 shares of the company’s stock, valued at $1,402,640.40. This trade represents a 21.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.67% of the stock is owned by insiders.

Citizens Financial Group Trading Up 1.5%

CFG opened at $70.51 on Friday. Citizens Financial Group, Inc. has a fifty-two week low of $43.33 and a fifty-two week high of $71.21. 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 $29.82 billion, a price-to-earnings ratio of 16.67, a PEG ratio of 0.55 and a beta of 0.68. The company’s 50 day moving average price is $64.43 and its two-hundred day moving average price is $62.23.

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

Citizens Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Thursday, April 30th were issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Thursday, April 30th. Citizens Financial Group’s dividend payout ratio is presently 43.50%.

Analyst Ratings Changes

CFG has been the subject of several research reports. Stephens initiated coverage on shares of Citizens Financial Group in a research note on Monday, June 15th. They issued an “equal weight” rating for the company. Citigroup upped their price target on shares of Citizens Financial Group from $75.00 to $78.00 and gave the stock a “buy” rating in a report on Tuesday. Cantor Fitzgerald reissued an “overweight” rating on shares of Citizens Financial Group in a report on Tuesday, June 9th. JPMorgan Chase & Co. boosted their price objective on Citizens Financial Group from $68.00 to $68.50 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Finally, Robert W. Baird raised Citizens Financial Group from a “neutral” rating to an “outperform” rating and set a $65.00 target price for the company in a report on Monday, March 9th. Eighteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $71.36.

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.