Citizens Financial Group, Inc. $CFG Shares Sold by Bruni J V & Co. Co.

Bruni J V & Co. Co. lowered its stake in Citizens Financial Group, Inc. (NYSE:CFG) by 0.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 987,605 shares of the bank’s stock after selling 9,465 shares during the period. Citizens Financial Group comprises 5.3% of Bruni J V & Co. Co.’s investment portfolio, making the stock its 7th biggest position. Bruni J V & Co. Co. owned approximately 0.23% of Citizens Financial Group worth $52,501,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. True Wealth Design LLC increased its stake in shares of Citizens Financial Group by 891.5% during the third quarter. True Wealth Design LLC now owns 585 shares of the bank’s stock worth $31,000 after buying an additional 526 shares during the period. GoalVest Advisory LLC grew its holdings in Citizens Financial Group by 16,900.0% during the 2nd quarter. GoalVest Advisory LLC now owns 680 shares of the bank’s stock worth $30,000 after acquiring an additional 676 shares in the last quarter. Capital A Wealth Management LLC increased its position in shares of Citizens Financial Group by 3,970.0% in the 2nd quarter. Capital A Wealth Management LLC now owns 814 shares of the bank’s stock valued at $36,000 after purchasing an additional 794 shares during the last quarter. State of Wyoming acquired a new stake in shares of Citizens Financial Group in the 2nd quarter valued at $39,000. Finally, Kestra Investment Management LLC raised its holdings in shares of Citizens Financial Group by 2,703.0% in the 2nd quarter. Kestra Investment Management LLC now owns 925 shares of the bank’s stock valued at $41,000 after purchasing an additional 892 shares in the last quarter. 94.90% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CFG has been the topic of several recent analyst reports. Raymond James Financial lowered Citizens Financial Group from a “strong-buy” rating to an “outperform” rating and increased their target price for the company from $62.00 to $66.00 in a report on Wednesday, January 7th. Keefe, Bruyette & Woods increased their price objective on Citizens Financial Group from $68.00 to $70.00 and gave the company an “outperform” rating in a report on Thursday, January 22nd. Royal Bank Of Canada raised their target price on Citizens Financial Group from $60.00 to $67.00 and gave the stock an “outperform” rating in a research report on Thursday, January 22nd. Robert W. Baird reaffirmed a “neutral” rating and issued a $60.00 price target on shares of Citizens Financial Group in a report on Thursday, December 11th. Finally, Argus raised their price objective on shares of Citizens Financial Group from $60.00 to $72.00 and gave the stock a “buy” rating in a report on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Citizens Financial Group currently has a consensus rating of “Moderate Buy” and an average price target of $68.77.

Citizens Financial Group Stock Up 1.1%

Shares of NYSE CFG opened at $65.27 on Friday. The stock has a market cap of $27.74 billion, a PE ratio of 16.87, a price-to-earnings-growth ratio of 0.53 and a beta of 0.72. Citizens Financial Group, Inc. has a 52-week low of $32.60 and a 52-week high of $68.79. The business has a 50-day moving average price of $62.17 and a 200 day moving average price of $55.46. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.46.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings data on Wednesday, January 21st. The bank reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.02. The company had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.16 billion. Citizens Financial Group had a return on equity of 7.81% and a net margin of 15.19%.The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.85 earnings per share. Equities research analysts forecast that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current year.

Citizens Financial Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 18th. Shareholders of record on Wednesday, February 4th were given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Wednesday, February 4th. Citizens Financial Group’s dividend payout ratio (DPR) is presently 47.55%.

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.