44 Wealth Management LLC Acquires 7,278 Shares of Citizens Financial Group, Inc. $CFG

44 Wealth Management LLC grew its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 103.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,338 shares of the bank’s stock after purchasing an additional 7,278 shares during the period. 44 Wealth Management LLC’s holdings in Citizens Financial Group were worth $860,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in CFG. Allspring Global Investments Holdings LLC raised its position in Citizens Financial Group by 5.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 504,595 shares of the bank’s stock valued at $29,968,000 after buying an additional 25,180 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Citizens Financial Group by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 11,361,142 shares of the bank’s stock worth $661,052,000 after acquiring an additional 32,264 shares in the last quarter. Jupiter Asset Management Ltd. grew its stake in shares of Citizens Financial Group by 45.9% in the 4th quarter. Jupiter Asset Management Ltd. now owns 270,484 shares of the bank’s stock worth $15,799,000 after acquiring an additional 85,052 shares in the last quarter. Todd Asset Management LLC raised its holdings in shares of Citizens Financial Group by 10.6% in the fourth quarter. Todd Asset Management LLC now owns 991,510 shares of the bank’s stock valued at $57,914,000 after purchasing an additional 94,774 shares during the last quarter. Finally, HighTower Advisors LLC raised its holdings in shares of Citizens Financial Group by 51.8% in the fourth quarter. HighTower Advisors LLC now owns 58,648 shares of the bank’s stock valued at $3,426,000 after purchasing an additional 20,008 shares during the last quarter. Institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Stock Up 0.0%

Shares of NYSE CFG opened at $71.80 on Friday. Citizens Financial Group, Inc. has a 12 month low of $45.90 and a 12 month high of $74.70. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $30.36 billion, a price-to-earnings ratio of 15.58, a PEG ratio of 0.55 and a beta of 0.67. The business has a 50-day moving average of $67.48 and a 200-day moving average of $64.05.

Citizens Financial Group (NYSE:CFG) last announced its earnings results on Thursday, July 16th. The bank reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.05. The company had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.25 billion. Citizens Financial Group had a net margin of 17.18% and a return on equity of 8.85%. The firm’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.92 earnings per share. Sell-side analysts expect that Citizens Financial Group, Inc. will post 5.3 earnings per share for the current fiscal year.

Citizens Financial Group Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts have commented on CFG shares. Cantor Fitzgerald increased their price objective on shares of Citizens Financial Group from $75.00 to $80.00 and gave the company an “overweight” rating in a research note on Wednesday, July 15th. Citigroup boosted their target price on Citizens Financial Group from $78.00 to $84.00 and gave the stock a “buy” rating in a research note on Monday, July 20th. Stephens upped their target price on Citizens Financial Group from $68.00 to $70.00 and gave the company an “equal weight” rating in a report on Friday, July 17th. UBS Group lifted their price target on Citizens Financial Group from $75.00 to $82.00 and gave the stock a “buy” rating in a report on Tuesday, July 7th. Finally, Morgan Stanley boosted their price target on shares of Citizens Financial Group from $73.00 to $79.00 and gave the stock an “overweight” rating in a report on Monday, June 29th. Seventeen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $78.55.

Insider Activity at Citizens Financial Group

In other news, insider Michelle Moosally sold 6,050 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $62.16, for a total value of $376,068.00. Following the completion of the sale, the insider directly owned 22,565 shares in the company, valued at approximately $1,402,640.40. The trade was a 21.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.67% of the company’s stock.

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.