Silver Oak Securities Incorporated Acquires Shares of 12,752 Citizens Financial Group, Inc. $CFG

Silver Oak Securities Incorporated bought a new stake in Citizens Financial Group, Inc. (NYSE:CFG) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 12,752 shares of the bank’s stock, valued at approximately $752,000.

Several other institutional investors have also recently made changes to their positions in the company. NewEdge Advisors LLC raised its position in Citizens Financial Group by 2.4% in the 1st quarter. NewEdge Advisors LLC now owns 11,531 shares of the bank’s stock worth $472,000 after purchasing an additional 274 shares during the period. Empowered Funds LLC boosted its position in shares of Citizens Financial Group by 6.7% during the first quarter. Empowered Funds LLC now owns 8,838 shares of the bank’s stock valued at $362,000 after buying an additional 554 shares during the period. Woodline Partners LP grew its stake in shares of Citizens Financial Group by 39.5% during the first quarter. Woodline Partners LP now owns 36,932 shares of the bank’s stock valued at $1,513,000 after buying an additional 10,466 shares during the last quarter. Sivia Capital Partners LLC grew its stake in shares of Citizens Financial Group by 93.4% during the second quarter. Sivia Capital Partners LLC now owns 9,814 shares of the bank’s stock valued at $439,000 after buying an additional 4,739 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC purchased a new stake in shares of Citizens Financial Group in the second quarter worth approximately $45,000. Institutional investors own 94.90% of the company’s stock.

Insider Activity at Citizens Financial Group

In other news, insider Susan Lamonica sold 13,258 shares of the business’s stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $58.04, for a total value of $769,494.32. Following the completion of the transaction, the insider directly owned 165,971 shares of the company’s stock, valued at approximately $9,632,956.84. The trade was a 7.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.67% of the company’s stock.

Citizens Financial Group Price Performance

Shares of CFG opened at $60.59 on Thursday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.84 and a current ratio of 0.85. The company has a 50 day moving average price of $61.66 and a 200-day moving average price of $57.20. Citizens Financial Group, Inc. has a fifty-two week low of $32.60 and a fifty-two week high of $68.79. The stock has a market capitalization of $25.75 billion, a PE ratio of 15.66, a PEG ratio of 0.49 and a beta of 0.70.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings data on Wednesday, January 21st. The bank reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.02. The company had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.16 billion. Citizens Financial Group had a net margin of 15.19% and a return on equity of 7.81%. Citizens Financial Group’s revenue was up 8.6% compared to the same quarter last year. During the same period last year, the company posted $0.85 earnings per share. Equities analysts predict that Citizens Financial Group, Inc. will post 3.92 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 Wednesday, February 18th. Stockholders of record on Wednesday, February 4th were issued a $0.46 dividend. The ex-dividend date was Wednesday, February 4th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.0%. Citizens Financial Group’s dividend payout ratio (DPR) is currently 47.55%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Weiss Ratings raised Citizens Financial Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, February 20th. Robert W. Baird raised Citizens Financial Group from a “neutral” rating to an “outperform” rating and set a $65.00 price objective on the stock in a research report on Monday, March 9th. Keefe, Bruyette & Woods increased their target price on Citizens Financial Group from $68.00 to $70.00 and gave the stock an “outperform” rating in a research note on Thursday, January 22nd. Royal Bank Of Canada lifted their target price on Citizens Financial Group from $60.00 to $67.00 and gave the stock an “outperform” rating in a research report on Thursday, January 22nd. Finally, Citigroup boosted their target price on shares of Citizens Financial Group from $65.00 to $71.00 and gave the company a “buy” rating in a research note on Monday, January 26th. Twenty analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Citizens Financial Group has an average rating of “Moderate Buy” and a consensus target price of $69.27.

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.