24,039 Shares in Citizens Financial Group, Inc. $CFG Bought by United Capital Financial Advisors LLC

United Capital Financial Advisors LLC purchased a new position in Citizens Financial Group, Inc. (NYSE:CFG) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 24,039 shares of the bank’s stock, valued at approximately $1,684,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in CFG. Parallel Advisors LLC raised its stake in shares of Citizens Financial Group by 2.9% in the 4th quarter. Parallel Advisors LLC now owns 6,078 shares of the bank’s stock valued at $355,000 after purchasing an additional 172 shares in the last quarter. Clear Harbor Asset Management LLC grew its position in shares of Citizens Financial Group by 0.9% in the 4th quarter. Clear Harbor Asset Management LLC now owns 19,694 shares of the bank’s stock worth $1,150,000 after acquiring an additional 175 shares in the last quarter. MGO One Seven LLC raised its position in shares of Citizens Financial Group by 3.7% during the 4th quarter. MGO One Seven LLC now owns 5,270 shares of the bank’s stock valued at $308,000 after acquiring an additional 187 shares in the last quarter. Summit Financial LLC increased its stake in Citizens Financial Group by 2.5% during the fourth quarter. Summit Financial LLC now owns 7,719 shares of the bank’s stock valued at $451,000 after purchasing an additional 187 shares during the last quarter. Finally, Manchester Capital Management LLC lifted its position in shares of Citizens Financial Group by 16.1% in the 4th quarter. Manchester Capital Management LLC now owns 1,389 shares of the bank’s stock worth $81,000 after buying an additional 193 shares during the last quarter. Institutional investors own 94.90% of the company’s stock.

Wall Street Analyst Weigh In

CFG has been the topic of a number of recent research reports. Robert W. Baird raised their target price on shares of Citizens Financial Group from $72.00 to $75.00 and gave the stock a “neutral” rating in a report on Friday, July 17th. JPMorgan Chase & Co. increased their target price on Citizens Financial Group from $76.00 to $78.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Morgan Stanley upped their price target on shares of Citizens Financial Group from $73.00 to $79.00 and gave the stock an “overweight” rating in a research report on Monday, June 29th. Evercore reaffirmed an “outperform” rating and issued a $80.00 price objective on shares of Citizens Financial Group in a report on Monday, July 6th. Finally, Argus set a $80.00 price objective on shares of Citizens Financial Group in a research report on Wednesday, July 29th. Sixteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $79.25.

Insider Transactions at Citizens Financial Group

In other Citizens Financial Group news, CEO Saun Bruce Van sold 129,369 shares of the business’s stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $72.07, for a total value of $9,323,623.83. Following the sale, the chief executive officer directly owned 1,140,763 shares in the company, valued at approximately $82,214,789.41. The trade was a 10.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.67% of the stock is currently owned by insiders.

Citizens Financial Group Trading Down 0.6%

Citizens Financial Group stock opened at $69.76 on Friday. The firm has a 50 day simple moving average of $71.46 and a 200-day simple moving average of $65.69. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.86 and a quick ratio of 0.85. The stock has a market capitalization of $29.38 billion, a PE ratio of 15.13, a price-to-earnings-growth ratio of 0.53 and a beta of 0.67. Citizens Financial Group, Inc. has a 12-month low of $47.96 and a 12-month high of $75.33.

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

Citizens Financial Group Dividend Announcement

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