Citizens Financial Group, Inc. $CFG Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 1.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,293,426 shares of the bank’s stock after selling 50,743 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Citizens Financial Group were worth $230,770,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in CFG. Parallel Advisors LLC increased its stake in shares of Citizens Financial Group by 2.9% in the fourth quarter. Parallel Advisors LLC now owns 6,078 shares of the bank’s stock worth $355,000 after buying an additional 172 shares during the last quarter. Clear Harbor Asset Management LLC boosted its stake in Citizens Financial Group by 0.9% during the 4th quarter. Clear Harbor Asset Management LLC now owns 19,694 shares of the bank’s stock valued at $1,150,000 after acquiring an additional 175 shares during the last quarter. MGO One Seven LLC grew its holdings in Citizens Financial Group by 3.7% during the 4th quarter. MGO One Seven LLC now owns 5,270 shares of the bank’s stock worth $308,000 after acquiring an additional 187 shares in the last quarter. Summit Financial LLC grew its holdings in Citizens Financial Group by 2.5% during the 4th quarter. Summit Financial LLC now owns 7,719 shares of the bank’s stock worth $451,000 after acquiring an additional 187 shares in the last quarter. Finally, Manchester Capital Management LLC increased its position in shares of Citizens Financial Group by 16.1% in the 4th quarter. Manchester Capital Management LLC now owns 1,389 shares of the bank’s stock worth $81,000 after purchasing an additional 193 shares during the last quarter. Institutional investors and hedge funds own 94.90% of the company’s stock.

Citizens Financial Group Trading Down 1.1%

Shares of NYSE:CFG opened at $68.95 on Tuesday. The company has a 50 day moving average of $71.48 and a 200-day moving average of $65.68. 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 firm has a market cap of $29.04 billion, a P/E ratio of 14.96, a P/E/G ratio of 0.53 and a beta of 0.67. Citizens Financial Group, Inc. has a twelve month low of $47.96 and a twelve month high of $75.33.

Citizens Financial Group (NYSE:CFG) last posted 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. 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 for the quarter, compared to the consensus estimate of $2.25 billion. During the same quarter in the previous year, the business earned $0.92 EPS. The company’s quarterly revenue was up 12.1% compared to the same quarter last year. As a group, analysts anticipate that Citizens Financial Group, Inc. will post 5.3 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, August 13th. Investors of record on Thursday, July 30th were paid a $0.46 dividend. The ex-dividend date of this dividend was Thursday, July 30th. This represents a $1.84 dividend on an annualized basis and a yield of 2.7%. Citizens Financial Group’s dividend payout ratio (DPR) is currently 39.91%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on CFG shares. Evercore restated an “outperform” rating and issued a $80.00 target price on shares of Citizens Financial Group in a research note on Monday, July 6th. Truist Financial upped their price objective on Citizens Financial Group from $72.00 to $80.00 and gave the company a “hold” rating in a research note on Tuesday, July 21st. Robert W. Baird lifted their target price on Citizens Financial Group from $72.00 to $75.00 and gave the stock a “neutral” rating in a research report on Friday, July 17th. Cantor Fitzgerald upped their price target on Citizens Financial Group from $80.00 to $84.00 and gave the company an “overweight” rating in a research report on Wednesday, August 19th. Finally, UBS Group raised their price target on shares of Citizens Financial Group from $75.00 to $82.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Sixteen 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 price target of $79.25.

Insider Buying and Selling at Citizens Financial Group

In other news, CEO Saun Bruce Van sold 129,369 shares of the stock in a transaction on Friday, July 24th. The stock was sold at an average price of $72.07, for a total value of $9,323,623.83. Following the completion of the sale, the chief executive officer owned 1,140,763 shares in the company, valued at $82,214,789.41. This represents a 10.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.67% of the stock is currently owned by company insiders.

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.