17,245 Shares in Citizens Financial Group, Inc. $CFG Acquired by PVG Asset Management Corp

PVG Asset Management Corp bought a new position in Citizens Financial Group, Inc. (NYSE:CFG) in the 1st quarter, HoldingsChannel.com reports. The fund bought 17,245 shares of the bank’s stock, valued at approximately $1,034,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. University of Texas Texas AM Investment Management Co. purchased a new position in shares of Citizens Financial Group during the fourth quarter worth approximately $26,000. Cedar Mountain Advisors LLC bought a new stake in shares of Citizens Financial Group in the 1st quarter worth approximately $27,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in shares of Citizens Financial Group in the 4th quarter valued at $29,000. Activest Wealth Management boosted its stake in shares of Citizens Financial Group by 5,600.0% in the 4th quarter. Activest Wealth Management now owns 513 shares of the bank’s stock valued at $30,000 after purchasing an additional 504 shares in the last quarter. Finally, DV Equities LLC bought a new position in shares of Citizens Financial Group during the 4th quarter valued at $35,000. 94.90% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on CFG shares. Citigroup lifted 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. Barclays lifted their price objective on Citizens Financial Group from $77.00 to $81.00 and gave the stock an “overweight” rating in a report on Friday, July 17th. Royal Bank Of Canada boosted their target price on Citizens Financial Group from $70.00 to $79.00 and gave the company an “outperform” rating in a research note on Friday, July 17th. Robert W. Baird increased their target price on Citizens Financial Group from $72.00 to $75.00 and gave the company a “neutral” rating in a report on Friday, July 17th. Finally, Keefe, Bruyette & Woods raised their price target on Citizens Financial Group from $75.00 to $90.00 and gave the stock an “outperform” rating in a research report on Friday, July 17th. Seventeen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Citizens Financial Group presently has an average rating of “Moderate Buy” and an average target price of $79.05.

Insider Transactions at Citizens Financial Group

In other Citizens Financial Group news, insider Michelle Moosally sold 6,050 shares of the stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $62.16, for a total value of $376,068.00. Following the completion of the sale, the insider owned 22,565 shares in the company, valued at approximately $1,402,640.40. This trade represents a 21.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Saun Bruce Van sold 129,369 shares of Citizens Financial Group stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $72.07, for a total value of $9,323,623.83. Following the completion of the sale, the chief executive officer owned 1,140,763 shares in the company, valued at approximately $82,214,789.41. This represents a 10.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.67% of the stock is owned by insiders.

Citizens Financial Group Trading Up 0.2%

Shares of CFG opened at $71.78 on Monday. The stock has a market capitalization of $30.36 billion, a P/E ratio of 15.57, a PEG ratio of 0.55 and a beta of 0.67. Citizens Financial Group, Inc. has a twelve month low of $45.90 and a twelve month high of $74.70. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 0.63. The firm has a fifty day simple moving average of $68.44 and a two-hundred day simple moving average of $64.45.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings data on Thursday, July 16th. The bank reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.05. The firm had revenue of $2.28 billion for the quarter, compared to analysts’ expectations of $2.25 billion. Citizens Financial Group had a net margin of 17.18% and a return on equity of 8.85%. The company’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.92 earnings per share. On average, research analysts anticipate that Citizens Financial Group, Inc. will post 5.3 EPS for the current year.

Citizens Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 13th. Investors of record on Thursday, July 30th will be paid a $0.46 dividend. The ex-dividend date of this dividend is Thursday, July 30th. This represents a $1.84 annualized dividend and a dividend yield of 2.6%. Citizens Financial Group’s dividend payout ratio (DPR) is presently 39.91%.

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.