9,199 Shares in Citizens Financial Group, Inc. $CFG Acquired by Resonant Capital Advisors LLC

Resonant Capital Advisors LLC purchased a new position in Citizens Financial Group, Inc. (NYSE:CFG) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 9,199 shares of the bank’s stock, valued at approximately $552,000.

Other institutional investors and hedge funds have also modified their holdings of the company. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Citizens Financial Group during the 4th quarter valued at $26,000. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in Citizens Financial Group in the 4th quarter worth $29,000. Activest Wealth Management lifted 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 valued at $30,000 after purchasing an additional 504 shares in the last quarter. DV Equities LLC purchased a new position in Citizens Financial Group during the fourth quarter valued at $35,000. Finally, State of Wyoming bought a new stake in Citizens Financial Group during the second quarter valued at about $39,000. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Price Performance

NYSE:CFG opened at $71.81 on Wednesday. The business’s 50-day simple moving average is $65.42 and its two-hundred day simple moving average is $62.98. Citizens Financial Group, Inc. has a 52 week low of $45.90 and a 52 week high of $72.94. The stock has a market cap of $30.37 billion, a PE ratio of 16.98, a P/E/G ratio of 0.57 and a beta of 0.67. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.51.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings data on Thursday, April 16th. The bank reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.03. Citizens Financial Group had a return on equity of 8.31% and a net margin of 16.21%.The firm had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.16 billion. During the same quarter in the prior year, the company posted $0.77 earnings per share. The business’s quarterly revenue was up 12.0% compared to the same quarter last year. As a group, analysts forecast that Citizens Financial Group, Inc. will post 5.21 EPS for the current fiscal year.

Citizens Financial Group Dividend Announcement

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

Wall Street Analyst Weigh In

CFG has been the subject of a number of analyst reports. DA Davidson upped their price target on Citizens Financial Group from $73.00 to $74.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. Weiss Ratings upgraded Citizens Financial Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, May 6th. Stephens started coverage on shares of Citizens Financial Group in a report on Monday, June 15th. They issued an “equal weight” rating for the company. Citigroup cut shares of Citizens Financial Group from a “buy” rating to a “hold” rating in a research note on Monday. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Citizens Financial Group in a report on Tuesday, June 9th. Sixteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Citizens Financial Group currently has an average rating of “Moderate Buy” and an average price target of $74.35.

Citizens Financial Group News Summary

Here are the key news stories impacting Citizens Financial Group this week:

• Positive Sentiment: UBS Group raised its price target on Citizens Financial Group (CFG) to $82 from $75 and kept a buy rating, implying meaningful upside from recent trading levels. Citizens Financial Group had its price target raised by UBS Group AG from $75.00 to $82.00. They now have a “buy” rating on the stock.
• Positive Sentiment: JPMorgan also lifted its target on CFG to $76 from $68.50 and maintained an overweight rating, reinforcing a constructive view on the bank’s valuation. Citizens Financial Group had its price target raised by JPMorgan Chase & Co. from $68.50 to $76.00. They now have an “overweight” rating on the stock.
• Neutral Sentiment: Citizens Financial Group announced that CEO Bruce Van Saun will speak at the Barclays Global Financial Services Conference in September, which is a routine investor-relations event and does not by itself change fundamentals. Citizens Financial Group to Participate at the Barclays 24th Annual Global Financial Services Conference.
• Neutral Sentiment: Robert W. Baird reaffirmed a neutral rating and set a $72 target, suggesting the shares are fairly valued near current levels. Citizens Financial Group had its “neutral” rating reaffirmed by Robert W. Baird.
• Neutral Sentiment: A separate head-to-head review comparing CFG with Peoples Financial Services is mainly informational and unlikely to materially affect the stock price. Peoples Financial Services (NASDAQ:PFIS) & Citizens Financial Group (NYSE:CFG) Head-To-Head Review.

Insider Transactions at Citizens Financial Group

In other 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 sale, the insider owned 22,565 shares in the company, valued at $1,402,640.40. This trade represents a 21.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.67% of the stock is currently owned by company 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.