23,486 Shares in Citizens Financial Group, Inc. $CFG Purchased by Bull Harbor Capital LLC

Bull Harbor Capital LLC purchased a new stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) in the 1st quarter, Holdings Channel reports. The fund purchased 23,486 shares of the bank’s stock, valued at approximately $1,408,000.

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

Insider Buying and Selling at Citizens Financial Group

In related news, CEO Saun Bruce Van sold 129,369 shares of the business’s stock in a transaction on Friday, July 24th. The stock was sold at an average price of $72.07, for a total value of $9,323,623.83. Following the completion of the sale, the chief executive officer directly owned 1,140,763 shares in the company, valued at $82,214,789.41. The trade was a 10.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Michelle Moosally sold 6,050 shares of the company’s stock in a transaction 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 transaction, the insider directly owned 22,565 shares in the company, valued at approximately $1,402,640.40. This represents a 21.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. DA Davidson lifted their price objective on shares of Citizens Financial Group from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, July 17th. Morgan Stanley raised their target price on shares of Citizens Financial Group from $73.00 to $79.00 and gave the company an “overweight” rating in a research note on Monday, June 29th. 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 report on Friday, July 17th. Robert W. Baird boosted their price target on Citizens Financial Group from $72.00 to $75.00 and gave the stock a “neutral” rating in a research report on Friday, July 17th. Finally, Barclays upped their price objective on Citizens Financial Group from $77.00 to $81.00 and gave the company an “overweight” rating in a research note on Friday, July 17th. Seventeen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Citizens Financial Group presently has an average rating of “Moderate Buy” and a consensus target price of $79.05.

Citizens Financial Group Trading Down 2.1%

Shares of CFG stock opened at $71.39 on Thursday. The firm has a 50 day moving average price of $68.08 and a two-hundred day moving average price of $64.29. 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 company has a market capitalization of $30.19 billion, a PE ratio of 15.48, a price-to-earnings-growth ratio of 0.56 and a beta of 0.67. Citizens Financial Group, Inc. has a 12-month low of $45.90 and a 12-month high of $74.70.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings data on Thursday, July 16th. The bank reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.05. Citizens Financial Group had a return on equity of 8.85% and a net margin of 17.18%.The company had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $2.25 billion. During the same quarter in the previous year, the company posted $0.92 earnings per share. The business’s revenue was up 12.1% on a year-over-year basis. As a group, analysts predict that Citizens Financial Group, Inc. will post 5.3 earnings per share for the current year.

Citizens Financial Group Announces Dividend

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

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.