Citizens Financial Group Inc (NYSE:CFG) saw unusually large options trading activity on Thursday. Stock investors bought 1,738 call options on the company. This represents an increase of approximately 1,656% compared to the typical daily volume of 99 call options.

In other Citizens Financial Group news, Director Charles John Koch bought 14,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 23rd. The shares were bought at an average price of $36.32 per share, for a total transaction of $508,480.00. Following the transaction, the director now directly owns 49,937 shares in the company, valued at $1,813,711.84. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Shivan S. Subramaniam bought 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 21st. The stock was acquired at an average price of $35.32 per share, for a total transaction of $105,960.00. Following the transaction, the director now owns 38,963 shares in the company, valued at $1,376,173.16. The disclosure for this purchase can be found here. 0.22% of the stock is owned by company insiders.

A number of institutional investors have recently made changes to their positions in CFG. Schroder Investment Management Group boosted its stake in shares of Citizens Financial Group by 3.7% during the 2nd quarter. Schroder Investment Management Group now owns 2,063,638 shares of the bank’s stock valued at $81,534,000 after purchasing an additional 73,374 shares in the last quarter. Point72 Asset Management L.P. boosted its stake in shares of Citizens Financial Group by 332.4% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,127,049 shares of the bank’s stock valued at $43,842,000 after purchasing an additional 866,396 shares in the last quarter. Gradient Investments LLC bought a new stake in shares of Citizens Financial Group during the 3rd quarter valued at about $8,917,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in shares of Citizens Financial Group by 23.4% during the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 89,036 shares of the bank’s stock valued at $3,464,000 after purchasing an additional 16,875 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of Citizens Financial Group by 1.5% during the 2nd quarter. Bank of America Corp DE now owns 3,697,242 shares of the bank’s stock valued at $143,823,000 after purchasing an additional 55,276 shares in the last quarter. 96.09% of the stock is currently owned by institutional investors and hedge funds.

Shares of Citizens Financial Group stock opened at $33.01 on Friday. The firm has a market capitalization of $16.11 billion, a price-to-earnings ratio of 12.79, a PEG ratio of 0.63 and a beta of 1.24. Citizens Financial Group has a 12-month low of $32.79 and a 12-month high of $48.23. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.98 and a current ratio of 1.00.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings results on Friday, October 19th. The bank reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.03. The business had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.56 billion. Citizens Financial Group had a net margin of 27.12% and a return on equity of 8.11%. The company’s revenue was up 8.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.63 EPS. Research analysts expect that Citizens Financial Group will post 3.52 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 14th. Shareholders of record on Wednesday, October 31st were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date of this dividend was Tuesday, October 30th. Citizens Financial Group’s dividend payout ratio (DPR) is presently 41.86%.

A number of equities research analysts have issued reports on the stock. Zacks Investment Research lowered shares of Citizens Financial Group from a “buy” rating to a “hold” rating in a report on Tuesday, November 20th. Credit Suisse Group cut their price target on shares of Citizens Financial Group from $46.00 to $42.00 and set a “neutral” rating on the stock in a report on Friday. BMO Capital Markets cut their price target on shares of Citizens Financial Group from $48.00 to $45.00 and set an “outperform” rating on the stock in a report on Monday, October 22nd. Macquarie raised shares of Citizens Financial Group from a “neutral” rating to an “outperform” rating in a report on Tuesday, November 27th. Finally, Morgan Stanley cut their price target on shares of Citizens Financial Group from $53.00 to $51.00 and set an “overweight” rating on the stock in a report on Tuesday, September 18th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $44.42.

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About Citizens Financial Group

Citizens Financial Group, Inc operates as the bank holding company for Citizens Bank, National Association and Citizens Bank of Pennsylvania that provide retail and commercial banking products and services in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.

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