139,033 Shares in Citizens Financial Group, Inc. (NYSE:CFG) Acquired by Quantbot Technologies LP

Quantbot Technologies LP acquired a new stake in Citizens Financial Group, Inc. (NYSE:CFG) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 139,033 shares of the bank’s stock, valued at approximately $5,009,000.

Other hedge funds also recently modified their holdings of the company. Capital International Investors increased its stake in shares of Citizens Financial Group by 4.4% during the first quarter. Capital International Investors now owns 36,709,412 shares of the bank’s stock worth $1,332,185,000 after purchasing an additional 1,552,333 shares during the period. LSV Asset Management grew its stake in shares of Citizens Financial Group by 1.8% in the second quarter. LSV Asset Management now owns 6,580,797 shares of the bank’s stock valued at $237,106,000 after acquiring an additional 113,300 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Citizens Financial Group by 15.3% during the second quarter. Dimensional Fund Advisors LP now owns 4,429,264 shares of the bank’s stock worth $159,550,000 after acquiring an additional 587,115 shares during the period. Nordea Investment Management AB grew its position in shares of Citizens Financial Group by 15.3% during the 1st quarter. Nordea Investment Management AB now owns 3,625,128 shares of the bank’s stock worth $130,722,000 after purchasing an additional 480,129 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Citizens Financial Group during the fourth quarter worth approximately $117,372,000. Institutional investors and hedge funds own 94.90% of the company’s stock.

Insiders Place Their Bets

In other Citizens Financial Group news, insider Craig Jack Read sold 3,938 shares of the stock in a transaction that occurred 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 transaction, the insider now directly owns 33,620 shares in the company, valued at approximately $1,454,401.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.62% of the stock is currently owned by corporate insiders.

Citizens Financial Group Stock Up 1.0 %

Citizens Financial Group stock opened at $40.09 on Monday. The firm has a 50 day moving average price of $40.71 and a two-hundred day moving average price of $36.85. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.86 and a current ratio of 0.87. Citizens Financial Group, Inc. has a 52-week low of $22.77 and a 52-week high of $43.96. The firm has a market cap of $17.97 billion, a price-to-earnings ratio of 14.53, a PEG ratio of 1.42 and a beta of 1.08.

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

Citizens Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Investors of record on Wednesday, July 31st were paid a dividend of $0.42 per share. The ex-dividend date was Wednesday, July 31st. This represents a $1.68 annualized dividend and a yield of 4.19%. Citizens Financial Group’s dividend payout ratio is currently 60.87%.

Analysts Set New Price Targets

A number of equities analysts have commented on CFG shares. Raymond James began coverage on Citizens Financial Group in a research note on Thursday, July 11th. They set a “market perform” rating on the stock. Stephens boosted their price target on Citizens Financial Group from $40.00 to $42.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Piper Sandler raised their target price on shares of Citizens Financial Group from $45.00 to $48.00 and gave the company an “overweight” rating in a report on Friday, July 26th. The Goldman Sachs Group upped their price target on shares of Citizens Financial Group from $43.00 to $49.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Finally, Royal Bank of Canada boosted their price objective on shares of Citizens Financial Group from $35.00 to $43.00 and gave the company an “outperform” rating in a research report on Thursday, July 18th. Ten investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $42.20.

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.