Trivium Point Advisory LLC Buys Shares of 24,916 Citizens Financial Group, Inc. $CFG

Trivium Point Advisory LLC acquired a new position in shares of Citizens Financial Group, Inc. (NYSE:CFG) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 24,916 shares of the bank’s stock, valued at approximately $1,746,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. University of Texas Texas AM Investment Management Co. acquired a new stake in Citizens Financial Group during the 4th quarter valued at approximately $26,000. Cedar Mountain Advisors LLC acquired a new position in shares of Citizens Financial Group in the 1st quarter valued at approximately $27,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in shares of Citizens Financial Group in the 4th quarter valued at approximately $29,000. Activest Wealth Management boosted its stake in shares of Citizens Financial Group by 5,600.0% during the 4th 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 last quarter. Finally, Elevation Wealth Partners LLC grew its position in shares of Citizens Financial Group by 319.8% during the second quarter. Elevation Wealth Partners LLC now owns 424 shares of the bank’s stock worth $30,000 after buying an additional 323 shares in the last quarter. Institutional investors and hedge funds own 94.90% of the company’s stock.

Wall Street Analyst Weigh In

CFG has been the topic of several research analyst reports. Morgan Stanley increased their price target on shares of Citizens Financial Group from $73.00 to $79.00 and gave the stock an “overweight” rating in a research report on Monday, June 29th. DA Davidson restated a “neutral” rating on shares of Citizens Financial Group in a research note on Friday. Keefe, Bruyette & Woods increased their target price on Citizens Financial Group from $75.00 to $90.00 and gave the stock an “outperform” rating in a report on Friday, July 17th. Cantor Fitzgerald boosted their price target on Citizens Financial Group from $75.00 to $80.00 and gave the company an “overweight” rating in a report on Wednesday, July 15th. Finally, Robert W. Baird lifted their price objective on shares of Citizens Financial Group from $72.00 to $75.00 and gave the stock a “neutral” rating in a report on Friday, July 17th. Sixteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Citizens Financial Group has an average rating of “Moderate Buy” and a consensus price target of $79.05.

Insider Buying and Selling

In other news, CEO Saun Bruce Van sold 129,369 shares of Citizens Financial Group stock in a transaction that occurred 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 directly owned 1,140,763 shares of the company’s stock, valued at $82,214,789.41. This trade represents a 10.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.67% of the company’s stock.

Citizens Financial Group Trading Down 0.0%

Shares of Citizens Financial Group stock opened at $74.72 on Monday. The business has a fifty day simple moving average of $70.56 and a 200-day simple moving average of $65.28. Citizens Financial Group, Inc. has a fifty-two week low of $47.96 and a fifty-two week high of $74.86. The firm has a market cap of $31.47 billion, a price-to-earnings ratio of 16.21, a price-to-earnings-growth ratio of 0.57 and a beta of 0.67. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 0.63.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings data 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. 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 analysts’ expectations of $2.25 billion. During the same quarter in the previous year, the company posted $0.92 EPS. The business’s revenue was up 12.1% compared to the same quarter last year. On average, equities analysts forecast that Citizens Financial Group, Inc. will post 5.3 EPS for the current fiscal year.

Citizens Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Thursday, July 30th were issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 2.5%. The ex-dividend date was Thursday, July 30th. Citizens Financial Group’s payout ratio 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.