ProShare Advisors LLC Has $4.01 Million Stake in Citizens Financial Group, Inc. (NYSE:CFG)

ProShare Advisors LLC increased its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 1.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 111,418 shares of the bank’s stock after buying an additional 1,457 shares during the period. ProShare Advisors LLC’s holdings in Citizens Financial Group were worth $4,014,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of CFG. Cullen Frost Bankers Inc. raised its position in shares of Citizens Financial Group by 12.7% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 2,344 shares of the bank’s stock valued at $84,000 after acquiring an additional 264 shares during the last quarter. Dorsey & Whitney Trust CO LLC increased its holdings in Citizens Financial Group by 3.9% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 8,046 shares of the bank’s stock valued at $292,000 after purchasing an additional 305 shares during the last quarter. Czech National Bank increased its holdings in Citizens Financial Group by 0.5% in the first quarter. Czech National Bank now owns 82,032 shares of the bank’s stock valued at $2,977,000 after purchasing an additional 375 shares during the last quarter. Texas Permanent School Fund Corp lifted its stake in Citizens Financial Group by 0.4% in the first quarter. Texas Permanent School Fund Corp now owns 96,350 shares of the bank’s stock valued at $3,497,000 after buying an additional 382 shares during the period. Finally, Bleakley Financial Group LLC boosted its holdings in Citizens Financial Group by 3.6% during the first quarter. Bleakley Financial Group LLC now owns 11,027 shares of the bank’s stock worth $400,000 after buying an additional 385 shares during the last quarter. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Citizens Financial Group Stock Up 0.7 %

CFG stock opened at $40.51 on Friday. The company has a market cap of $18.43 billion, a price-to-earnings ratio of 14.68, a P/E/G ratio of 1.43 and a beta of 1.08. Citizens Financial Group, Inc. has a twelve month low of $22.77 and a twelve month high of $43.96. The business has a 50 day moving average price of $41.18 and a two-hundred day moving average price of $37.28. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.60.

Citizens Financial Group (NYSE:CFG) last released its earnings results on Wednesday, July 17th. The bank reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.01). Citizens Financial Group had a net margin of 10.74% and a return on equity of 6.21%. The firm had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same period in the prior year, the business posted $0.92 earnings per share. Citizens Financial Group’s quarterly revenue was down 6.3% compared to the same quarter last year. Analysts anticipate that Citizens Financial Group, Inc. will post 3.24 EPS 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. Stockholders of record on Wednesday, July 31st were paid a dividend of $0.42 per share. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $1.68 annualized dividend and a dividend yield of 4.15%. Citizens Financial Group’s dividend payout ratio is presently 60.87%.

Analyst Ratings Changes

A number of brokerages have recently commented on CFG. The Goldman Sachs Group upped their price target on Citizens Financial Group from $43.00 to $49.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Royal Bank of Canada raised their price target on Citizens Financial Group from $35.00 to $43.00 and gave the stock an “outperform” rating in a research report on Thursday, July 18th. Stephens upped their price target on shares of Citizens Financial Group from $40.00 to $42.00 and gave the company an “overweight” rating in a report on Friday, July 19th. Piper Sandler raised their price objective on shares of Citizens Financial Group from $45.00 to $48.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. Finally, Evercore ISI boosted their price objective on shares of Citizens Financial Group from $38.00 to $39.00 and gave the company an “in-line” rating in a research report on Tuesday, June 25th. Ten analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Citizens Financial Group presently has an average rating of “Hold” and an average target price of $42.20.

Insider Activity

In other Citizens Financial Group news, insider Craig Jack Read sold 3,938 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $43.26, for a total transaction of $170,357.88. Following the transaction, the insider now owns 33,620 shares of the company’s stock, valued at $1,454,401.20. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.62% of the stock is owned by insiders.

About Citizens Financial Group

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.