Citizens Financial Group, Inc. (NYSE:CFG) Shares Acquired by Czech National Bank

Czech National Bank lifted its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 5.7% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 86,709 shares of the bank’s stock after buying an additional 4,677 shares during the quarter. Czech National Bank’s holdings in Citizens Financial Group were worth $3,124,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. QRG Capital Management Inc. increased its holdings in Citizens Financial Group by 6.1% in the second quarter. QRG Capital Management Inc. now owns 44,325 shares of the bank’s stock valued at $1,597,000 after buying an additional 2,547 shares in the last quarter. OLD National Bancorp IN boosted its position in Citizens Financial Group by 7.4% during the second quarter. OLD National Bancorp IN now owns 12,137 shares of the bank’s stock worth $437,000 after acquiring an additional 838 shares during the last quarter. Symmetry Partners LLC boosted its holdings in shares of Citizens Financial Group by 376.7% in the 2nd quarter. Symmetry Partners LLC now owns 31,767 shares of the bank’s stock valued at $1,145,000 after purchasing an additional 25,103 shares during the last quarter. CX Institutional acquired a new position in shares of Citizens Financial Group in the 2nd quarter valued at $207,000. Finally, Contravisory Investment Management Inc. purchased a new position in shares of Citizens Financial Group in the 2nd quarter valued at $462,000. 94.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. StockNews.com raised shares of Citizens Financial Group from a “sell” rating to a “hold” rating in a research note on Sunday, May 5th. Jefferies Financial Group boosted their price objective on shares of Citizens Financial Group from $36.00 to $37.00 and gave the company a “hold” rating in a research report on Wednesday, July 3rd. Stephens upped their price target on shares of Citizens Financial Group from $40.00 to $42.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. Royal Bank of Canada boosted their price target on Citizens Financial Group from $35.00 to $43.00 and gave the stock an “outperform” rating in a research report on Thursday, July 18th. Finally, Wedbush decreased their price target on Citizens Financial Group from $38.00 to $35.00 and set a “neutral” rating for the company in a research note on Thursday, April 18th. Ten analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Citizens Financial Group presently has a consensus rating of “Hold” and a consensus target price of $42.20.

Insiders Place Their Bets

In related news, insider Craig Jack Read sold 3,938 shares of Citizens Financial Group stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $43.26, for a total transaction of $170,357.88. Following the completion of the sale, the insider now directly owns 33,620 shares of the company’s stock, valued at $1,454,401.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.62% of the company’s stock.

Citizens Financial Group Stock Up 0.8 %

Citizens Financial Group stock traded up $0.31 during mid-day trading on Monday, hitting $39.90. The company’s stock had a trading volume of 2,526,715 shares, compared to its average volume of 5,515,820. The firm’s 50 day moving average is $37.48 and its 200 day moving average is $35.17. The company has a market cap of $18.16 billion, a PE ratio of 14.34, a price-to-earnings-growth ratio of 1.46 and a beta of 1.10. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.87 and a quick ratio of 0.86. Citizens Financial Group, Inc. has a 52-week low of $22.77 and a 52-week high of $43.96.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings results on Wednesday, July 17th. The bank reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.01). The firm had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.95 billion. Citizens Financial Group had a return on equity of 6.21% and a net margin of 10.74%. The firm’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same period last year, the business earned $0.92 earnings per share. On average, analysts anticipate that Citizens Financial Group, Inc. will post 3.24 earnings per share for the current year.

Citizens Financial Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 14th. Shareholders of record on Wednesday, July 31st will be given a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, July 31st. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.21%. Citizens Financial Group’s dividend payout ratio is currently 60.87%.

Citizens Financial Group Profile

Citizens Financial Group, Inc operates as the bank holding company that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, corporations, and institutions in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.