ABN Amro Investment Solutions Increases Stake in Citizens Financial Group, Inc. $CFG

ABN Amro Investment Solutions increased its position in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 185.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 64,894 shares of the bank’s stock after purchasing an additional 42,148 shares during the period. ABN Amro Investment Solutions’ holdings in Citizens Financial Group were worth $3,892,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of CFG. NewEdge Advisors LLC boosted its holdings in shares of Citizens Financial Group by 2.4% during the 1st quarter. NewEdge Advisors LLC now owns 11,531 shares of the bank’s stock valued at $472,000 after purchasing an additional 274 shares during the last quarter. Empowered Funds LLC grew its position in shares of Citizens Financial Group by 6.7% during the first quarter. Empowered Funds LLC now owns 8,838 shares of the bank’s stock valued at $362,000 after purchasing an additional 554 shares in the last quarter. Woodline Partners LP increased its holdings in shares of Citizens Financial Group by 39.5% in the first quarter. Woodline Partners LP now owns 36,932 shares of the bank’s stock worth $1,513,000 after purchasing an additional 10,466 shares during the last quarter. Sivia Capital Partners LLC increased its holdings in shares of Citizens Financial Group by 93.4% in the second quarter. Sivia Capital Partners LLC now owns 9,814 shares of the bank’s stock worth $439,000 after purchasing an additional 4,739 shares during the last quarter. Finally, Daiwa Securities Group Inc. lifted its position in shares of Citizens Financial Group by 5.2% in the second quarter. Daiwa Securities Group Inc. now owns 65,564 shares of the bank’s stock worth $2,934,000 after buying an additional 3,225 shares in the last quarter. 94.90% of the stock is owned by institutional investors.

Insider Transactions at Citizens Financial Group

In other Citizens Financial Group news, insider Michelle Moosally sold 6,050 shares of the firm’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $62.16, for a total transaction of $376,068.00. Following the transaction, the insider directly owned 22,565 shares in the company, valued at $1,402,640.40. This trade represents a 21.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.67% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts have recently issued reports on CFG shares. UBS Group upped their target price on shares of Citizens Financial Group from $75.00 to $82.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. Stephens lifted their price target on Citizens Financial Group from $68.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Friday, July 17th. Barclays boosted their price objective on Citizens Financial Group from $77.00 to $81.00 and gave the stock an “overweight” rating in a research note on Friday, July 17th. Citigroup upped their price objective on Citizens Financial Group from $78.00 to $84.00 and gave the company a “buy” rating in a research report on Monday. Finally, Robert W. Baird raised their price objective on Citizens Financial Group from $72.00 to $75.00 and gave the company a “neutral” rating in a research note on Friday, July 17th. Seventeen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Citizens Financial Group has an average rating of “Moderate Buy” and an average target price of $78.55.

Citizens Financial Group Stock Performance

CFG stock opened at $71.79 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 0.63. The business’s fifty day simple moving average is $67.26 and its two-hundred day simple moving average is $63.99. Citizens Financial Group, Inc. has a twelve month low of $45.90 and a twelve month high of $74.70. The firm has a market cap of $30.36 billion, a price-to-earnings ratio of 15.57, a PEG ratio of 0.55 and a beta of 0.67.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings results on Thursday, July 16th. The bank reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.05. Citizens Financial Group had a net margin of 17.18% and a return on equity of 8.85%. The firm had revenue of $2.28 billion for the quarter, compared to analysts’ expectations of $2.25 billion. During the same period in the prior year, the business posted $0.92 earnings per share. The business’s revenue for the quarter was up 12.1% on a year-over-year basis. Analysts predict that Citizens Financial Group, Inc. will post 5.29 earnings per share for the current year.

Citizens Financial Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 13th. Investors of record on Thursday, July 30th will be paid a $0.46 dividend. The ex-dividend date of this dividend is Thursday, July 30th. This represents a $1.84 annualized dividend and a yield of 2.6%. Citizens Financial Group’s dividend payout ratio is 39.91%.

Citizens Financial Group Company 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.