2,140 Shares in Citizens Financial Group, Inc. (NYSE:CFG) Acquired by Salomon & Ludwin LLC

Salomon & Ludwin LLC bought a new position in Citizens Financial Group, Inc. (NYSE:CFG) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 2,140 shares of the bank’s stock, valued at approximately $78,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CFG. Daiwa Securities Group Inc. boosted its stake in shares of Citizens Financial Group by 9.1% during the 1st quarter. Daiwa Securities Group Inc. now owns 46,309 shares of the bank’s stock worth $1,681,000 after acquiring an additional 3,852 shares during the last quarter. Graypoint LLC purchased a new position in shares of Citizens Financial Group during the 1st quarter worth about $253,000. Nordea Investment Management AB boosted its stake in shares of Citizens Financial Group by 15.3% during the 1st quarter. Nordea Investment Management AB now owns 3,625,128 shares of the bank’s stock worth $130,722,000 after purchasing an additional 480,129 shares during the period. Fidelis Capital Partners LLC purchased a new stake in Citizens Financial Group in the 1st quarter valued at about $197,000. Finally, StoneX Group Inc. lifted its position in shares of Citizens Financial Group by 23.6% in the 1st quarter. StoneX Group Inc. now owns 37,467 shares of the bank’s stock worth $1,360,000 after purchasing an additional 7,142 shares during the period. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Insider Buying and Selling at Citizens Financial Group

In related news, insider Craig Jack Read sold 6,327 shares of the company’s stock in a transaction on Friday, April 19th. The shares were sold at an average price of $33.70, for a total value of $213,219.90. Following the completion of the sale, the insider now owns 37,558 shares in the company, valued at approximately $1,265,704.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.62% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Evercore ISI boosted 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. Jefferies Financial Group increased their price objective on shares of Citizens Financial Group from $36.00 to $37.00 and gave the company a “hold” rating in a report on Wednesday, July 3rd. JPMorgan Chase & Co. reduced their target price on shares of Citizens Financial Group from $36.50 to $36.00 and set a “neutral” rating for the company in a research report on Wednesday, May 1st. Citigroup raised their price objective on shares of Citizens Financial Group from $39.00 to $43.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. Finally, Argus raised their price objective on shares of Citizens Financial Group from $36.00 to $39.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Ten research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $37.80.

Citizens Financial Group Stock Up 2.1 %

Citizens Financial Group stock traded up $0.75 during trading on Tuesday, reaching $36.30. The stock had a trading volume of 5,201,159 shares, compared to its average volume of 5,327,117. Citizens Financial Group, Inc. has a 52-week low of $22.77 and a 52-week high of $37.30. The business has a 50 day moving average price of $35.25 and a 200 day moving average price of $33.91. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.63. The stock has a market cap of $16.52 billion, a PE ratio of 12.92, a P/E/G ratio of 1.37 and a beta of 1.10.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings results on Wednesday, April 17th. The bank reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.10). The firm had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.96 billion. Citizens Financial Group had a return on equity of 6.62% and a net margin of 11.52%. The firm’s revenue was down 7.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.00 EPS. On average, analysts predict that Citizens Financial Group, Inc. will post 3.17 EPS for the current year.

Citizens Financial Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st were paid a dividend of $0.42 per share. The ex-dividend date of this dividend was Tuesday, April 30th. This represents a $1.68 dividend on an annualized basis and a yield of 4.63%. Citizens Financial Group’s dividend payout ratio is presently 60.87%.

Citizens Financial Group Profile

Citizens Financial Group, Inc operates as the bank holding company that provides retail and commercial 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.