18,130 Shares in Citizens Financial Group, Inc. $CFG Bought by Osmosis Investment Management UK Ltd

Osmosis Investment Management UK Ltd purchased a new stake in Citizens Financial Group, Inc. (NYSE:CFG) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 18,130 shares of the bank’s stock, valued at approximately $1,270,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Elevation Wealth Partners LLC raised its holdings in Citizens Financial Group by 319.8% during the second quarter. Elevation Wealth Partners LLC now owns 424 shares of the bank’s stock worth $30,000 after buying an additional 323 shares during the last quarter. University of Texas Texas AM Investment Management Co. acquired a new position in shares of Citizens Financial Group during the fourth quarter valued at about $26,000. Cedar Mountain Advisors LLC acquired a new position in shares of Citizens Financial Group during the first quarter valued at about $27,000. Keating Financial Advisory Services Inc. bought a new stake in shares of Citizens Financial Group during the second quarter worth about $35,000. Finally, Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in shares of Citizens Financial Group during the fourth quarter worth about $29,000. Institutional investors own 94.90% of the company’s stock.

Insider Activity at Citizens Financial Group

In related news, CEO Saun Bruce Van sold 129,369 shares of the stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $72.07, for a total transaction of $9,323,623.83. Following the completion of the sale, the chief executive officer directly owned 1,140,763 shares of the company’s stock, valued at approximately $82,214,789.41. This trade represents a 10.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CFG. Jefferies Financial Group raised their price target on shares of Citizens Financial Group from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, July 16th. Truist Financial boosted their price objective on Citizens Financial Group from $72.00 to $80.00 and gave the stock a “hold” rating in a report on Tuesday, July 21st. Keefe, Bruyette & Woods increased their price objective on Citizens Financial Group from $75.00 to $90.00 and gave the stock an “outperform” rating in a research note on Friday, July 17th. UBS Group raised their target price on Citizens Financial Group from $75.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. Finally, Royal Bank Of Canada lifted their target price on Citizens Financial Group from $70.00 to $79.00 and gave the company an “outperform” rating in a research report on Friday, July 17th. Sixteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $79.25.

Citizens Financial Group Stock Up 0.5%

Citizens Financial Group stock opened at $70.23 on Tuesday. Citizens Financial Group, Inc. has a fifty-two week low of $47.96 and a fifty-two week high of $75.33. The stock has a market cap of $29.58 billion, a PE ratio of 15.23, a price-to-earnings-growth ratio of 0.53 and a beta of 0.67. The firm’s 50-day simple moving average is $71.22 and its 200 day simple moving average is $65.59. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.85 and a current ratio of 0.86.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings data on Thursday, July 16th. The bank reported $1.30 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 firm had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.25 billion. During the same quarter last year, the business posted $0.92 EPS. The company’s revenue for the quarter was up 12.1% on a year-over-year basis. Research analysts predict that Citizens Financial Group, Inc. will post 5.3 EPS for the current fiscal year.

Citizens Financial Group Dividend Announcement

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