ABN Amro Investment Solutions Increases Position in Citizens Financial Group, Inc. $CFG

ABN Amro Investment Solutions boosted its position in Citizens Financial Group, Inc. (NYSE:CFG) by 185.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 64,894 shares of the bank’s stock after purchasing an additional 42,148 shares during the quarter. ABN Amro Investment Solutions’ holdings in Citizens Financial Group were worth $3,892,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Parallel Advisors LLC boosted its stake in Citizens Financial Group by 2.9% in the fourth 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. AA Financial Advisors LLC increased its position in shares of Citizens Financial Group by 3.9% during the fourth quarter. AA Financial Advisors LLC now owns 4,657 shares of the bank’s stock worth $272,000 after purchasing an additional 174 shares in the last quarter. Inscription Capital LLC increased its position in shares of Citizens Financial Group by 1.6% during the fourth quarter. Inscription Capital LLC now owns 10,902 shares of the bank’s stock worth $637,000 after purchasing an additional 175 shares in the last quarter. Clear Harbor Asset Management LLC lifted its holdings in shares of Citizens Financial Group by 0.9% during the 4th 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 during the last quarter. Finally, MGO One Seven LLC lifted its holdings 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 purchasing an additional 187 shares during the last quarter. 94.90% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Citizens Financial Group

In other news, insider Michelle Moosally sold 6,050 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $62.16, for a total transaction of $376,068.00. Following the sale, the insider owned 22,565 shares of the company’s stock, valued at $1,402,640.40. This trade represents a 21.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.67% of the stock is owned by insiders.

Citizens Financial Group Stock Performance

CFG opened at $71.79 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.63. Citizens Financial Group, Inc. has a 12-month low of $45.90 and a 12-month high of $74.70. The firm has a 50 day moving average of $67.26 and a two-hundred day moving average of $63.99. The firm has a market capitalization of $30.36 billion, a PE ratio of 15.57, a P/E/G ratio of 0.55 and a beta of 0.67.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings data on Thursday, July 16th. The bank reported $1.30 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $2.25 billion. During the same quarter in the prior year, the business earned $0.92 earnings per share. The business’s quarterly revenue was up 12.1% compared to the same quarter last year. On average, analysts anticipate that Citizens Financial Group, Inc. will post 5.29 EPS for the current year.

Citizens Financial Group Announces Dividend

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

Analyst Ratings Changes

Several brokerages recently issued reports on CFG. Evercore reaffirmed an “outperform” rating and set a $80.00 target price on shares of Citizens Financial Group in a research report on Monday, July 6th. Weiss Ratings raised Citizens Financial Group from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 6th. JPMorgan Chase & Co. boosted their price target on Citizens Financial Group from $68.50 to $76.00 and gave the stock an “overweight” rating in a research note on Monday, July 6th. Jefferies Financial Group upped their price objective on shares of Citizens Financial Group from $85.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, July 16th. Finally, Barclays increased their price objective on shares of Citizens Financial Group from $77.00 to $81.00 and gave the company an “overweight” rating in a research report on Friday, July 17th. Seventeen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $78.55.

Citizens Financial Group 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.