Citizens Financial Group, Inc. $CFG Shares Bought by HORAN Wealth LLC

HORAN Wealth LLC raised its position in Citizens Financial Group, Inc. (NYSE:CFG) by 101.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 162,310 shares of the bank’s stock after purchasing an additional 81,875 shares during the quarter. Citizens Financial Group accounts for approximately 0.9% of HORAN Wealth LLC’s portfolio, making the stock its 23rd largest holding. HORAN Wealth LLC’s holdings in Citizens Financial Group were worth $9,714,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. University of Texas Texas AM Investment Management Co. acquired a new stake in Citizens Financial Group during the 4th quarter worth approximately $26,000. Cedar Mountain Advisors LLC acquired a new position in Citizens Financial Group during the first quarter valued at approximately $27,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in Citizens Financial Group during the fourth quarter valued at approximately $29,000. Activest Wealth Management increased its position 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 worth $30,000 after acquiring an additional 504 shares in the last quarter. Finally, DV Equities LLC purchased a new position in shares of Citizens Financial Group in the 4th quarter valued at $35,000. 94.90% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Citizens Financial Group

In related news, insider Michelle Moosally sold 6,050 shares of the stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $62.16, for a total value of $376,068.00. Following the completion of the transaction, the insider owned 22,565 shares of the company’s stock, valued at approximately $1,402,640.40. This represents a 21.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.67% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on CFG. Truist Financial lifted their target price on shares of Citizens Financial Group from $69.00 to $72.00 and gave the company a “hold” rating in a report on Wednesday, June 24th. Weiss Ratings upgraded Citizens Financial Group from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 6th. Cantor Fitzgerald raised their price objective on Citizens Financial Group from $75.00 to $80.00 and gave the company an “overweight” rating in a research report on Wednesday, July 15th. Robert W. Baird boosted their price objective on Citizens Financial Group from $72.00 to $75.00 and gave the stock a “neutral” rating in a research note on Friday. Finally, UBS Group upped their target price on Citizens Financial Group from $75.00 to $82.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Seventeen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.15.

Citizens Financial Group Price Performance

CFG opened at $71.55 on Tuesday. Citizens Financial Group, Inc. has a twelve month low of $45.90 and a twelve month high of $74.70. The firm has a market cap of $30.26 billion, a price-to-earnings ratio of 15.52, a PEG ratio of 0.60 and a beta of 0.67. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.63. The company has a fifty day simple moving average of $66.61 and a 200 day simple moving average of $63.71.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings data on Thursday, July 16th. The bank reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.05. The firm had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.25 billion. Citizens Financial Group had a net margin of 17.18% and a return on equity of 8.85%. The firm’s revenue was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.92 EPS. Equities research analysts expect that Citizens Financial Group, Inc. will post 5.25 EPS for the current fiscal year.

Citizens Financial Group Dividend Announcement

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