Assenagon Asset Management S.A. Purchases 67,379 Shares of Citizens Financial Group, Inc. $CFG

Assenagon Asset Management S.A. raised its position in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 11.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 666,166 shares of the bank’s stock after buying an additional 67,379 shares during the period. Assenagon Asset Management S.A. owned about 0.16% of Citizens Financial Group worth $38,911,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of CFG. Grove Bank & Trust boosted its holdings in shares of Citizens Financial Group by 19.8% during the fourth quarter. Grove Bank & Trust now owns 1,107 shares of the bank’s stock worth $65,000 after purchasing an additional 183 shares during the period. StoneX Group Inc. increased its holdings in Citizens Financial Group by 0.4% during the 2nd quarter. StoneX Group Inc. now owns 60,307 shares of the bank’s stock valued at $2,699,000 after purchasing an additional 213 shares during the period. EverSource Wealth Advisors LLC raised its position in Citizens Financial Group by 3.3% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 6,784 shares of the bank’s stock valued at $361,000 after purchasing an additional 219 shares during the last quarter. Profund Advisors LLC lifted its holdings in Citizens Financial Group by 2.9% in the 3rd quarter. Profund Advisors LLC now owns 7,821 shares of the bank’s stock worth $416,000 after buying an additional 221 shares during the period. Finally, Versant Capital Management Inc lifted its holdings in Citizens Financial Group by 4.9% in the 3rd quarter. Versant Capital Management Inc now owns 4,821 shares of the bank’s stock worth $256,000 after buying an additional 224 shares during the period. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Insider Buying and Selling at Citizens Financial Group

In related news, insider Susan Lamonica sold 13,258 shares of the stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $58.04, for a total value of $769,494.32. Following the completion of the transaction, the insider directly owned 165,971 shares in the company, valued at $9,632,956.84. This trade represents a 7.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.67% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on CFG shares. Jefferies Financial Group reissued a “buy” rating and set a $80.00 target price on shares of Citizens Financial Group in a research note on Wednesday, January 21st. Bank of America raised their price target on Citizens Financial Group from $70.00 to $78.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Robert W. Baird upgraded shares of Citizens Financial Group from a “neutral” rating to an “outperform” rating and set a $65.00 price target on the stock in a report on Monday, March 9th. Morgan Stanley boosted their price objective on shares of Citizens Financial Group from $73.00 to $80.00 and gave the company an “overweight” rating in a research report on Monday, March 2nd. Finally, Royal Bank Of Canada upped their price objective on shares of Citizens Financial Group from $60.00 to $67.00 and gave the stock an “outperform” rating in a report on Thursday, January 22nd. Twenty investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $69.59.

Citizens Financial Group Trading Up 0.8%

CFG opened at $59.41 on Thursday. 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, Inc. has a 52 week low of $32.60 and a 52 week high of $68.79. The stock has a market cap of $25.25 billion, a PE ratio of 15.35, a PEG ratio of 0.48 and a beta of 0.70. The business has a 50 day moving average of $61.90 and a 200-day moving average of $56.95.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings results on Wednesday, January 21st. The bank reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.02. The company had revenue of $2.16 billion for 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 period in the prior year, the firm earned $0.85 earnings per share. Equities research analysts predict that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current fiscal year.

Citizens Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 18th. Stockholders of record on Wednesday, February 4th were issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Wednesday, February 4th. Citizens Financial Group’s payout ratio is 47.55%.

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.