BTG Pactual Asset Management US LLC Has $2.70 Million Stock Holdings in Citizens Financial Group, Inc. $CFG

BTG Pactual Asset Management US LLC trimmed its position in Citizens Financial Group, Inc. (NYSE:CFG) by 18.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,469 shares of the bank’s stock after selling 8,676 shares during the period. BTG Pactual Asset Management US LLC’s holdings in Citizens Financial Group were worth $2,696,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in shares of Citizens Financial Group during the second quarter valued at approximately $3,415,046,000. Norges Bank acquired a new stake in Citizens Financial Group in the 4th quarter valued at $355,909,000. Bank of America Corp DE bought a new stake in Citizens Financial Group during the 2nd quarter valued at $223,386,000. Legal & General Group Plc acquired a new position in Citizens Financial Group during the second quarter worth $207,234,000. Finally, AQR Capital Management LLC lifted its stake in shares of Citizens Financial Group by 56.9% in the fourth quarter. AQR Capital Management LLC now owns 7,722,559 shares of the bank’s stock valued at $451,075,000 after buying an additional 2,799,050 shares in the last quarter. 94.90% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Citizens Financial Group

In other news, CEO Saun Bruce Van sold 129,369 shares of the business’s 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 sale, the chief executive officer owned 1,140,763 shares of the company’s stock, valued at $82,214,789.41. The trade was a 10.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.67% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CFG. DA Davidson reiterated a “neutral” rating on shares of Citizens Financial Group in a research note on Friday, August 14th. Weiss Ratings reiterated a “buy (b)” rating on shares of Citizens Financial Group in a report on Monday, August 3rd. Argus set a $80.00 price objective on shares of Citizens Financial Group in a research report on Wednesday, July 29th. Robert W. Baird increased their price objective on shares of Citizens Financial Group from $72.00 to $75.00 and gave the company a “neutral” rating in a research note on Friday, July 17th. Finally, 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. Sixteen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $79.25.

Citizens Financial Group Stock Up 0.1%

Shares of NYSE CFG opened at $69.76 on Monday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.86 and a quick ratio of 0.85. The stock has a market capitalization of $29.38 billion, a PE ratio of 15.13, a P/E/G ratio of 0.53 and a beta of 0.67. Citizens Financial Group, Inc. has a one year low of $47.96 and a one year high of $75.33. The business’s fifty day moving average price is $71.46 and its 200-day moving average price is $65.67.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings data on Thursday, July 16th. The bank reported $1.30 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $2.25 billion. During the same quarter last year, the firm posted $0.92 EPS. The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. On average, equities research analysts anticipate that Citizens Financial Group, Inc. will post 5.3 EPS for the current year.

Citizens Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Stockholders 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 annualized dividend and a dividend yield of 2.6%. 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.