Citizens Financial Group, Inc. $CFG Shares Newly Purchased by Strategy Asset Managers LLC

Strategy Asset Managers LLC purchased a new position in Citizens Financial Group, Inc. (NYSE:CFG) in the third quarter, Holdings Channel reports. The fund purchased 11,141 shares of the bank’s stock, valued at approximately $710,000.

Other hedge funds have also bought and sold shares of the company. BlackRock Inc. acquired a new stake in Citizens Financial Group during the second quarter valued at approximately $3,415,046,000. Dimensional Fund Advisors LP grew its position in shares of Citizens Financial Group by 0.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,719,160 shares of the bank’s stock worth $282,927,000 after acquiring an additional 28,602 shares in the last quarter. Amundi grew its position in shares of Citizens Financial Group by 31.2% in the 2nd quarter. Amundi now owns 3,685,819 shares of the bank’s stock worth $258,265,000 after acquiring an additional 875,666 shares in the last quarter. Bank of America Corp DE acquired a new position in shares of Citizens Financial Group in the 2nd quarter worth approximately $223,386,000. Finally, Legal & General Group Plc bought a new stake in shares of Citizens Financial Group in the 2nd quarter valued at approximately $207,234,000. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Citizens Financial Group

In related news, CEO Bruce Van Saun sold 129,369 shares of the 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 owned 1,140,763 shares of the company’s stock, valued at $82,214,789.41. This trade represents a 10.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.67% of the stock is currently owned by company insiders.

Citizens Financial Group Price Performance

Shares of NYSE CFG opened at $62.51 on Thursday. 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 firm has a market capitalization of $26.33 billion, a PE ratio of 13.56, a P/E/G ratio of 0.58 and a beta of 0.72. Citizens Financial Group, Inc. has a 1-year low of $47.96 and a 1-year high of $75.33. The business’s fifty day moving average price is $68.40 and its two-hundred day moving average price is $67.03.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings results on Thursday, July 16th. The bank reported $1.30 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $2.25 billion. During the same quarter in the previous year, the company posted $0.92 earnings per share. The company’s revenue for the quarter was up 12.1% compared to the same quarter last year. On average, research analysts expect that Citizens Financial Group, Inc. will post 5.29 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Citigroup lifted their price objective on shares of Citizens Financial Group from $78.00 to $84.00 and gave the stock a “buy” rating in a report on Monday, July 20th. TD Cowen began coverage on shares of Citizens Financial Group in a report on Thursday, October 8th. They issued a “buy” rating and a $75.00 price target for the company. Raymond James Financial initiated coverage on shares of Citizens Financial Group in a report on Tuesday, October 6th. They issued a “strong-buy” rating and a $77.00 price target for the company. DA Davidson reaffirmed a “neutral” rating on shares of Citizens Financial Group in a research report on Friday, August 14th. Finally, Barclays increased their price objective on shares of Citizens Financial Group from $77.00 to $81.00 and gave the stock an “overweight” rating in a research note on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $79.08.

About Citizens Financial Group

Citizens Financial Group, Inc is a bank holding company headquartered in Providence, Rhode Island. Its principal subsidiary, Citizens Bank, provides banking and financial services to individuals, families, businesses and institutions through branches, digital channels and other delivery platforms.

The company’s consumer banking activities include checking and savings accounts, residential mortgages, home equity lending, credit cards, personal loans and other lending products. Through its commercial banking operations, Citizens provides business loans, commercial real estate financing, treasury management, capital markets services and other solutions for companies and institutional clients.