GTS Securities LLC Sells 7,425 Shares of Citizens Financial Group, Inc. $CFG

GTS Securities LLC lowered its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 72.2% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 2,857 shares of the bank’s stock after selling 7,425 shares during the period. GTS Securities LLC’s holdings in Citizens Financial Group were worth $200,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the company. Parallel Advisors LLC raised its holdings in 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 acquiring an additional 172 shares in the last quarter. Cookson Peirce & Co. Inc. increased its position in shares of Citizens Financial Group by 0.3% during the second quarter. Cookson Peirce & Co. Inc. now owns 56,309 shares of the bank’s stock valued at $3,946,000 after purchasing an additional 174 shares during the period. Clear Harbor Asset Management LLC raised its stake in shares of Citizens Financial Group by 0.9% in the fourth quarter. Clear Harbor Asset Management LLC now owns 19,694 shares of the bank’s stock valued at $1,150,000 after purchasing an additional 175 shares in the last quarter. MGO One Seven LLC raised its stake in shares of Citizens Financial Group by 3.7% in the fourth quarter. MGO One Seven LLC now owns 5,270 shares of the bank’s stock valued at $308,000 after purchasing an additional 187 shares in the last quarter. Finally, Summit Financial LLC raised its stake in shares of Citizens Financial Group by 2.5% in 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 in the last quarter. 94.90% of the stock is owned by institutional investors and hedge funds.

Citizens Financial Group Stock Down 1.1%

Shares of CFG opened at $68.95 on Tuesday. The company has a market capitalization of $29.04 billion, a P/E ratio of 14.96, a PEG ratio of 0.53 and a beta of 0.67. Citizens Financial Group, Inc. has a one year low of $47.96 and a one year high of $75.33. The business’s 50 day simple moving average is $71.48 and its 200-day simple moving average is $65.68. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.86 and a quick ratio of 0.85.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings data 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. The firm had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.25 billion. Citizens Financial Group had a return on equity of 8.85% and a net margin of 17.18%.The business’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 posted $0.92 EPS. As a group, sell-side analysts predict that Citizens Financial Group, Inc. will post 5.3 EPS for the current fiscal year.

Citizens Financial Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Thursday, July 30th were given a dividend of $0.46 per share. The ex-dividend date was Thursday, July 30th. This represents a $1.84 annualized dividend and a yield of 2.7%. Citizens Financial Group’s dividend payout ratio is 39.91%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on CFG shares. Argus set a $80.00 target price on shares of Citizens Financial Group in a research report on Wednesday, July 29th. Citigroup raised their price target on shares of Citizens Financial Group from $78.00 to $84.00 and gave the stock a “buy” rating in a research note on Monday, July 20th. UBS Group lifted their price objective on Citizens Financial Group from $75.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. Truist Financial upped their price objective on Citizens Financial Group from $72.00 to $80.00 and gave the company a “hold” rating in a research note on Tuesday, July 21st. Finally, Jefferies Financial Group increased their target price on Citizens Financial Group from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, July 16th. Sixteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $79.25.

Insider Buying and Selling

In other Citizens Financial Group news, CEO Saun Bruce Van sold 129,369 shares of the firm’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 completion of the sale, the chief executive officer owned 1,140,763 shares in the company, valued at approximately $82,214,789.41. This trade represents a 10.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.67% of the stock is currently owned by corporate insiders.

Citizens Financial Group Company Profile

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.