2 weeks Ago By ABMN Staff
HB Wealth Management LLC lifted its holdings in Citizens Financial Group, Inc. ( NYSE:CFG – Free Report ) by 14.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission.
The fund owned 12,708 shares of the bank’s stock after buying an additional 1,568 shares during the period. HB Wealth Management LLC’s holdings in Citizens Financial Group were worth $458,000 at the end of the most recent reporting period. Several other hedge funds have also recently made changes to their positions in the business.
Capital International Investors increased its stake in Citizens Financial Group by 4.4% during the first quarter. Capital International Investors now owns 36,709,412 shares of the bank’s stock worth $1,332,185,000 after acquiring an additional 1,552,333 shares during the last quarter.
LSV Asset Management lifted its position in Citizens Financial Group by 1.5% in the fourth quarter. LSV Asset Management now owns 6,504,591 shares of the bank’s stock worth $215,562,000 after buying an additional 95,292 shares during the last quarter.
Nordea Investment Management AB boosted its stake in Citizens Financial Group by 15.3% during the first quarter. Nordea Investment Management AB now owns 3,625,128 shares of the bank’s stock worth $130,722,000 after buying an additional 480,129 shares during the period.
Norges Bank bought a new position in Citizens Financial Group during the fourth quarter valued at $117,372,000. Finally, Hsbc Holdings PLC raised its stake in shares of Citizens Financial Group by 96.3% in the fourth quarter.
Hsbc Holdings PLC now owns 2,472,122 shares of the bank’s stock valued at $81,932,000 after acquiring an additional 1,212,642 shares during the period. 94.90% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity at Citizens Financial Group In other Citizens Financial Group news, insider Craig Jack Read sold 3,938 shares of Citizens Financial Group stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $43.26, for a total value of $170,357.
88. Following the transaction, the insider now directly owns 33,620 shares of the company’s stock, valued at $1,454,401.20.
The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website . 0.62% of the stock is currently owned by corporate insiders.
Citizens Financial Group Stock Down 0.0 % Citizens Financial Group ( NYSE:CFG – Get Free Report ) last issued its quarterly earnings data on Wednesday, July 17th. The bank reported $0.
78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.01).
Citizens Financial Group had a return on equity of 6.21% and a net margin of 10.74%.
The company had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.95 billion.
During the same quarter last year, the company earned $0.92 earnings per share. The company’s revenue for the quarter was down 6.
3% compared to the same quarter last year. On average, analysts forecast that Citizens Financial Group, Inc. will post 3.
24 earnings per share for the current fiscal year. Citizens Financial Group Announces Dividend The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Investors of record on Wednesday, July 31st were paid a dividend of $0.
42 per share. The ex-dividend date was Wednesday, July 31st. This represents a $1.
68 annualized dividend and a dividend yield of 3.93%. Citizens Financial Group’s dividend payout ratio (DPR) is presently 60.
87%. Analyst Upgrades and Downgrades CFG has been the subject of a number of recent analyst reports. Raymond James started coverage on shares of Citizens Financial Group in a research note on Thursday, July 11th.
They set a “market perform” rating for the company. Morgan Stanley boosted their target price on Citizens Financial Group from $41.00 to $50.
00 and gave the company an “equal weight” rating in a research report on Monday, August 5th. Stephens raised their price target on Citizens Financial Group from $40.00 to $42.
00 and gave the stock an “overweight” rating in a research note on Friday, July 19th. UBS Group upped their price objective on Citizens Financial Group from $42.00 to $46.
00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Finally, Evercore ISI increased their target price on Citizens Financial Group from $38.00 to $39.
00 and gave the stock an “in-line” rating in a research note on Tuesday, June 25th. Ten investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.
com, Citizens Financial Group presently has a consensus rating of “Hold” and a consensus target price of $42.20. Read Our Latest Stock Analysis on Citizens Financial Group Citizens Financial Group Company Profile ( Free Report ) Citizens Financial Group, Inc operates as the bank holding company that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, corporations, and institutions in the United States.
The company operates in two segments, Consumer Banking and Commercial Banking. See Also Want to see what other hedge funds are holding CFG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Citizens Financial Group, Inc.
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