Claar Advisors LLC Acquires 292,838 Shares of Citizens Financial Group Inc (CFG)
Claar Advisors LLC grew its position in shares of Citizens Financial Group Inc (NYSE:CFG) by 575.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 343,730 shares of the bank’s stock after purchasing an additional 292,838 shares during the period. Citizens Financial Group makes up 3.4% of Claar Advisors LLC’s portfolio, making the stock its 13th biggest holding. Claar Advisors LLC owned about 0.07% of Citizens Financial Group worth $13,017,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. lifted its holdings in shares of Citizens Financial Group by 42.6% during the 2nd quarter. Daiwa Securities Group Inc. now owns 19,750 shares of the bank’s stock worth $705,000 after acquiring an additional 5,900 shares during the last quarter. IFP Advisors Inc lifted its holdings in shares of Citizens Financial Group by 172.1% during the 2nd quarter. IFP Advisors Inc now owns 16,050 shares of the bank’s stock worth $573,000 after acquiring an additional 10,151 shares during the last quarter. TD Asset Management Inc. lifted its holdings in shares of Citizens Financial Group by 9.9% during the 2nd quarter. TD Asset Management Inc. now owns 1,042,933 shares of the bank’s stock worth $37,211,000 after acquiring an additional 93,709 shares during the last quarter. BP PLC bought a new stake in shares of Citizens Financial Group during the 2nd quarter worth $2,140,000. Finally, Global X Management Co. LLC lifted its holdings in shares of Citizens Financial Group by 52.4% during the 2nd quarter. Global X Management Co. LLC now owns 18,958 shares of the bank’s stock worth $676,000 after acquiring an additional 6,517 shares during the last quarter. Hedge funds and other institutional investors own 98.84% of the company’s stock.
In related news, Director Wendy A. Watson sold 4,000 shares of the business’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $40.31, for a total transaction of $161,240.00. Following the transaction, the director now owns 12,917 shares in the company, valued at $520,684.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.21% of the stock is owned by insiders.
Citizens Financial Group Inc (NYSE:CFG) opened at $41.43 on Friday. The company has a market cap of $19,989.61, a PE ratio of 16.45, a PEG ratio of 1.04 and a beta of 1.37. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.97 and a current ratio of 0.98. Citizens Financial Group Inc has a one year low of $31.51 and a one year high of $42.52.
Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings results on Friday, October 20th. The bank reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.04. Citizens Financial Group had a net margin of 20.26% and a return on equity of 6.44%. The company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.43 billion. During the same quarter in the previous year, the company earned $0.52 earnings per share. Citizens Financial Group’s quarterly revenue was up 4.6% on a year-over-year basis. sell-side analysts predict that Citizens Financial Group Inc will post 2.59 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.74%. The ex-dividend date of this dividend was Tuesday, October 31st. Citizens Financial Group’s dividend payout ratio is currently 29.15%.
CFG has been the subject of several recent research reports. Keefe, Bruyette & Woods set a $40.00 price target on shares of Citizens Financial Group and gave the stock a “buy” rating in a research note on Friday, August 11th. BidaskClub downgraded shares of Citizens Financial Group from a “sell” rating to a “strong sell” rating in a research note on Monday, August 14th. Zacks Investment Research raised shares of Citizens Financial Group from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a research note on Tuesday, September 12th. Sanford C. Bernstein raised shares of Citizens Financial Group from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $38.00 to $43.00 in a research note on Thursday, September 14th. Finally, Deutsche Bank reissued a “hold” rating and issued a $36.00 price target (up from $34.00) on shares of Citizens Financial Group in a research note on Tuesday, September 26th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company. Citizens Financial Group currently has an average rating of “Hold” and an average price target of $40.23.
About Citizens Financial Group
Citizens Financial Group, Inc is a retail bank holding company. The Company operates through two segments: Consumer Banking and Commercial Banking. Its Consumer Banking serves retail customers and small businesses. Consumer Banking products and services include deposit products, mortgage and home equity lending, auto financing, student loans, personal unsecured lines and loans, credit cards, business loans, wealth management and investment services.
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