Elizabeth Park Capital Advisors Ltd. Increases Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

Elizabeth Park Capital Advisors Ltd. raised its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG – Free Report) by 6.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). ). The fund owned 79,830 shares of the bank’s stock after purchasing an additional 4,500 shares during the period. Citizens Financial Group makes up 2.5% of Elizabeth Park Capital Advisors Ltd.’s portfolio, making the stock its 14th biggest position. Elizabeth Park Capital Advisors Ltd.’s holdings in Citizens Financial Group were worth $2,876,000 as of its most recent SEC filing.

Other large investors have recently bought and sold shares of the company. BNP PARIBAS ASSET MANAGEMENT Holding SA boosted its holdings in shares of Citizens Financial Group by 35.9% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding SA now owns 78,203 shares of the bank’s stock worth $2,838,000 after acquiring an additional 20,649 shares in the last quarter. Canada Pension Plan Investment Board boosted its holdings in Citizens Financial Group by 101.6% in the first quarter. Canada Pension Plan Investment Board now owns 761,679 shares of the bank’s stock worth $27,641,000 after purchasing an additional 383,947 shares during the last quarter. Duality Advisers LP acquired a new stake in Citizens Financial Group in the 1st quarter valued at about $1,180,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Citizens Financial Group in the fourth quarter valued at about $5,965,000. Finally, Lloyd Advisory Services LLC. purchased a new stake in Citizens Financial Group in the 1st quarter valued at $930,000. 94.90% of shares are currently owned by institutional investors.

Citizens Financial Group trades down 1.3%

Shares of CFG opened at $40.24 on Thursday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.87, and a quick ratio of 0.86. Citizens Financial Group, Inc. has a 1 year low of $22.77 and a 1 year high of $43.96. The company has a 50 day simple moving average of $41.20 and a two hundred day simple moving average of $37.26. The company has a market cap of $18.04 billion, a price-to-earnings ratio of 14.58, a PEG ratio of 1.43 and a beta of 1.08.

Citizens Financial Group (NYSE:CFG – Get Free Report ) last posted its earnings results on Wednesday, July 17th. The bank reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.01). The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.95 billion. Citizens Financial Group had a return on equity of 6.21% and a net margin of 10.74%. Citizens Financial Group’s revenue was down 6.3% compared to the same quarter last year. In the same quarter last year, the company posted EPS of $0.92. Research analysts anticipate that Citizens Financial Group, Inc. will post 3.24 EPS for the current fiscal year.

Citizens Financial Group announces dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Investors of record on Wednesday, July 31st were given a $0.42 dividend. The ex-dividend date was Wednesday, July 31. This represents a dividend of $1.68 on an annualized basis and a dividend yield of 4.18%. Citizens Financial Group’s dividend payout ratio is currently 60.87%.

Insider Trading at Citizens Financial Group

In other news, insider Craig Jack Read sold 3,938 shares of Citizens Financial Group stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $43.26, for a total value of $170,357.88. Following the completion of the transaction, the insider now owns 33,620 shares in the company, valued at approximately $1,454,401.20. The sale was disclosed in a filing with the SEC, which is available on the SEC’s website. Insiders own 0.62% of the company’s shares.

Changes in Analyst Ratings

Several brokerages have recently commented on CFG. UBS Group lifted their price objective on Citizens Financial Group from $42.00 to $46.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Evercore ISI upped their price objective on shares of Citizens Financial Group from $38.00 to $39.00 and gave the stock an “in-line” rating in a research note on Tuesday, June 25th. DA Davidson boosted their price target on shares of Citizens Financial Group from $41.00 to $46.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Royal Bank of Canada lifted their price target on shares of Citizens Financial Group from $35.00 to $43.00 and gave the stock an “outperform” rating in a research note on Thursday, July 18th. Finally, Morgan Stanley boosted their price objective on Citizens Financial Group from $41.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Monday, 5 August. Ten analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Citizens Financial Group presently has an average rating of “Hold” and an average price target of $42.20, based on data from MarketBeat.

Get the latest research report on Citizens Financial Group

About Citizens Financial Group

(Free Report)

Citizens Financial Group, Inc operates as a bank holding company that provides commercial and retail banking products and services to individuals, small businesses, middle market companies, corporations and institutions in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.

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