GW&K Investment Management LLC Buys 125,905 Shares of Citizens Financial Group, Inc. $CFG

GW&K Investment Management LLC lifted its stake in Citizens Financial Group, Inc. (NYSE:CFG) by 13.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 1,067,077 shares of the bank’s stock after acquiring an additional 125,905 shares during the period. GW&K Investment Management LLC’s holdings in Citizens Financial Group were worth $62,328,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Activest Wealth Management lifted its stake in shares of Citizens Financial Group by 5,600.0% in the fourth quarter. Activest Wealth Management now owns 513 shares of the bank’s stock valued at $30,000 after buying an additional 504 shares during the period. State of Wyoming acquired a new position in Citizens Financial Group in the second quarter worth about $39,000. Fortitude Family Office LLC raised its position in Citizens Financial Group by 632.0% in the fourth quarter. Fortitude Family Office LLC now owns 710 shares of the bank’s stock worth $41,000 after purchasing an additional 613 shares in the last quarter. Kestra Investment Management LLC raised its position in Citizens Financial Group by 2,703.0% in the second quarter. Kestra Investment Management LLC now owns 925 shares of the bank’s stock worth $41,000 after purchasing an additional 892 shares in the last quarter. Finally, Elyxium Wealth LLC acquired a new position in Citizens Financial Group in the fourth quarter worth about $50,000. Institutional investors own 94.90% of the company’s stock.

Insider Activity at Citizens Financial Group

In other news, insider Michelle Moosally sold 6,050 shares of the stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $62.16, for a total transaction of $376,068.00. Following the sale, the insider directly owned 22,565 shares of the company’s stock, valued at $1,402,640.40. This represents a 21.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.67% of the stock is owned by company insiders.

Citizens Financial Group Stock Performance

NYSE CFG opened at $65.61 on Wednesday. The firm has a market cap of $27.75 billion, a price-to-earnings ratio of 15.51, a PEG ratio of 0.51 and a beta of 0.68. The company has a 50 day moving average of $63.12 and a 200-day moving average of $61.08. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.51. Citizens Financial Group, Inc. has a 1-year low of $40.17 and a 1-year high of $68.79.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings results on Thursday, April 16th. The bank reported $1.13 EPS for the quarter, beating the consensus estimate of $1.10 by $0.03. Citizens Financial Group had a net margin of 16.21% and a return on equity of 8.31%. The business had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $2.16 billion. During the same period in the prior year, the firm earned $0.77 earnings per share. Citizens Financial Group’s revenue was up 12.0% compared to the same quarter last year. On average, equities analysts forecast that Citizens Financial Group, Inc. will post 5.2 earnings per share for the current fiscal year.

Citizens Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Thursday, April 30th were paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Thursday, April 30th. Citizens Financial Group’s dividend payout ratio is 43.50%.

Wall Street Analyst Weigh In

CFG has been the subject of several recent research reports. Truist Financial increased their price target on shares of Citizens Financial Group from $63.00 to $69.00 and gave the stock a “hold” rating in a research report on Friday, April 17th. Royal Bank Of Canada increased their price target on shares of Citizens Financial Group from $67.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, April 17th. DA Davidson increased their price target on shares of Citizens Financial Group from $73.00 to $74.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. Citigroup reissued a “buy” rating on shares of Citizens Financial Group in a research report on Friday, May 8th. Finally, Robert W. Baird raised shares of Citizens Financial Group from a “neutral” rating to an “outperform” rating and set a $65.00 price target for the company in a research report on Monday, March 9th. Nineteen investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $70.88.

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.