Citizens Financial Group, Inc. $CFG Shares Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lifted its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 35.8% in the first quarter, HoldingsChannel reports. The firm owned 56,368 shares of the bank’s stock after acquiring an additional 14,858 shares during the period. Janney Montgomery Scott LLC’s holdings in Citizens Financial Group were worth $3,380,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. University of Texas Texas AM Investment Management Co. purchased a new stake in Citizens Financial Group in the 4th quarter valued at approximately $26,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in Citizens Financial Group during the fourth quarter worth $29,000. Activest Wealth Management increased its position in Citizens Financial Group by 5,600.0% during the fourth quarter. Activest Wealth Management now owns 513 shares of the bank’s stock worth $30,000 after buying an additional 504 shares in the last quarter. DV Equities LLC acquired a new position in shares of Citizens Financial Group in the fourth quarter worth $35,000. Finally, Fortitude Family Office LLC raised its holdings in shares of Citizens Financial Group by 632.0% in the fourth quarter. Fortitude Family Office LLC now owns 710 shares of the bank’s stock worth $41,000 after acquiring an additional 613 shares during the last quarter. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Citizens Financial Group Trading Up 0.2%

Shares of CFG traded up $0.17 during trading hours on Tuesday, hitting $72.28. The stock had a trading volume of 223,511 shares, compared to its average volume of 4,902,719. Citizens Financial Group, Inc. has a 12-month low of $45.90 and a 12-month high of $72.94. The firm has a market cap of $30.57 billion, a P/E ratio of 17.11, a P/E/G ratio of 0.56 and a beta of 0.67. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.84 and a current ratio of 0.85. The company’s fifty day simple moving average is $65.26 and its 200 day simple moving average is $62.88.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings results on Thursday, April 16th. The bank reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 return on equity of 8.31% and a net margin of 16.21%.The firm’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.77 earnings per share. Equities research analysts forecast that Citizens Financial Group, Inc. will post 5.2 EPS for the current fiscal year.

Citizens Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Thursday, April 30th were issued a dividend of $0.46 per share. The ex-dividend date was Thursday, April 30th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.5%. Citizens Financial Group’s payout ratio is presently 43.50%.

Insider Transactions at Citizens Financial Group

In other Citizens Financial Group news, insider Michelle Moosally sold 6,050 shares of Citizens Financial Group stock in a transaction that occurred 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 $1,402,640.40. The trade was a 21.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Robert W. Baird reaffirmed a “neutral” rating and set a $72.00 price objective on shares of Citizens Financial Group in a research note on Monday. 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. Morgan Stanley upped their target price on shares of Citizens Financial Group from $73.00 to $79.00 and gave the company an “overweight” rating in a report on Monday, June 29th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Citizens Financial Group in a research note on Tuesday, June 9th. Finally, UBS Group raised their price target on shares of Citizens Financial Group from $75.00 to $82.00 and gave the stock a “buy” rating in a research note on Tuesday. Sixteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Citizens Financial Group currently has an average rating of “Moderate Buy” and an average target price of $74.35.

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.