7,207 Shares in Citizens Financial Group, Inc. $CFG Bought by Sandro Wealth Management LLC

Sandro Wealth Management LLC acquired a new stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 7,207 shares of the bank’s stock, valued at approximately $505,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CFG. Geode Capital Management LLC lifted its holdings in shares of Citizens Financial Group by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 11,361,142 shares of the bank’s stock valued at $661,052,000 after buying an additional 32,264 shares during the last quarter. Morgan Stanley increased its holdings in Citizens Financial Group by 2.7% in the fourth quarter. Morgan Stanley now owns 11,217,975 shares of the bank’s stock worth $655,242,000 after buying an additional 298,779 shares during the last quarter. Capital International Investors raised its position in Citizens Financial Group by 32.3% during the fourth quarter. Capital International Investors now owns 8,000,750 shares of the bank’s stock valued at $467,389,000 after acquiring an additional 1,953,372 shares in the last quarter. AQR Capital Management LLC raised its position in Citizens Financial Group by 56.9% during the fourth quarter. AQR Capital Management LLC now owns 7,722,559 shares of the bank’s stock valued at $451,075,000 after acquiring an additional 2,799,050 shares in the last quarter. Finally, Ninety One UK Ltd lifted its stake in Citizens Financial Group by 13.1% in the fourth quarter. Ninety One UK Ltd now owns 6,574,714 shares of the bank’s stock valued at $384,029,000 after acquiring an additional 763,098 shares during the last quarter. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on CFG. Stephens boosted their target price on shares of 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. UBS Group raised their price target on shares of Citizens Financial Group from $75.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. Citigroup lifted their price objective on shares of Citizens Financial Group from $78.00 to $84.00 and gave the company a “buy” rating in a research note on Monday, July 20th. Morgan Stanley upped their price objective 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. Finally, Truist Financial increased their target price on shares of Citizens Financial Group from $72.00 to $80.00 and gave the stock a “hold” rating in a research report on Tuesday, July 21st. Sixteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $79.05.

Insider Buying and Selling

In related news, CEO Saun Bruce Van sold 129,369 shares of Citizens Financial Group stock in a transaction on Friday, July 24th. The shares were sold at an average price of $72.07, for a total value of $9,323,623.83. Following the transaction, the chief executive officer owned 1,140,763 shares in the company, valued at $82,214,789.41. This trade represents a 10.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.67% of the stock is owned by company insiders.

Citizens Financial Group Trading Up 0.8%

Shares of CFG stock opened at $74.72 on Friday. Citizens Financial Group, Inc. has a 12 month low of $47.96 and a 12 month high of $74.86. 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 50 day moving average is $70.56 and its two-hundred day moving average is $65.26. The company has a market cap of $31.47 billion, a PE ratio of 16.21, a price-to-earnings-growth ratio of 0.57 and a beta of 0.67.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings results on Thursday, July 16th. The bank reported $1.30 EPS for the quarter, beating 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 company had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.25 billion. During the same quarter last year, the firm posted $0.92 earnings per share. The company’s quarterly revenue was up 12.1% compared to the same quarter last year. Equities analysts predict that Citizens Financial Group, Inc. will post 5.3 EPS for the current year.

Citizens Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Thursday, July 30th were paid a $0.46 dividend. The ex-dividend date was Thursday, July 30th. This represents a $1.84 dividend on an annualized basis and a yield of 2.5%. Citizens Financial Group’s dividend payout ratio (DPR) is presently 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.