Sanctuary Advisors LLC Purchases Shares of 51,168 Citizens Financial Group, Inc. $CFG

Sanctuary Advisors LLC purchased a new stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) in the 2nd quarter, Holdings Channel reports. The institutional investor purchased 51,168 shares of the bank’s stock, valued at approximately $3,585,000.

A number of other large investors have also added to or reduced their stakes in CFG. BlackRock Inc. bought a new stake in shares of Citizens Financial Group in the 2nd quarter worth approximately $3,415,046,000. Norges Bank bought a new position in shares of Citizens Financial Group during the fourth quarter valued at approximately $355,909,000. AQR Capital Management LLC lifted its stake in 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 worth $451,075,000 after acquiring an additional 2,799,050 shares during the period. Bank of New York Mellon Corp purchased a new stake in Citizens Financial Group in the second quarter worth $175,948,000. Finally, Deutsche Bank AG bought a new stake in Citizens Financial Group in the second quarter valued at $174,108,000. Institutional investors own 94.90% of the company’s stock.

Insider Buying and Selling at Citizens Financial Group

In other Citizens Financial Group news, CEO Saun Bruce Van sold 129,369 shares of the firm’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 transaction of $9,323,623.83. Following the completion of the transaction, the chief executive officer owned 1,140,763 shares of the company’s stock, valued at approximately $82,214,789.41. This trade represents a 10.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.67% of the company’s stock.

Citizens Financial Group Stock Down 0.5%

NYSE:CFG opened at $69.86 on Wednesday. The firm’s 50-day moving average price is $71.27 and its 200-day moving average price is $65.62. The company has a market capitalization of $29.43 billion, a PE ratio of 15.16, a P/E/G ratio of 0.54 and a beta of 0.67. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.86 and a quick ratio of 0.85. Citizens Financial Group, Inc. has a 1-year low of $47.96 and a 1-year high of $75.33.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings results on Thursday, July 16th. The bank reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.05. Citizens Financial Group had a net margin of 17.18% and a return on equity of 8.85%. The company had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.25 billion. During the same period last year, the business earned $0.92 EPS. Citizens Financial Group’s quarterly revenue was up 12.1% compared to the same quarter last year. On average, equities analysts predict that Citizens Financial Group, Inc. will post 5.3 EPS for the current fiscal year.

Citizens Financial Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Thursday, July 30th were issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Thursday, July 30th. Citizens Financial Group’s dividend payout ratio is 39.91%.

Analysts Set New Price Targets

A number of research analysts have issued reports on CFG shares. Cantor Fitzgerald boosted their price objective on shares of Citizens Financial Group from $80.00 to $84.00 and gave the company an “overweight” rating in a research report on Wednesday, August 19th. Citigroup raised their target price on shares of Citizens Financial Group from $78.00 to $84.00 and gave the stock a “buy” rating in a research report on Monday, July 20th. Evercore reaffirmed an “outperform” rating and set a $80.00 target price on shares of Citizens Financial Group in a research note on Monday, July 6th. Stephens boosted their price target on shares of Citizens Financial Group from $68.00 to $70.00 and gave the company an “equal weight” rating in a research report on Friday, July 17th. Finally, DA Davidson reissued a “neutral” rating on shares of Citizens Financial Group in a research note on Friday, August 14th. Sixteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $79.25.

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.