Junto Capital Management LP Makes New $40.51 Million Investment in Citizens Financial Group, Inc. $CFG

Junto Capital Management LP purchased a new stake in Citizens Financial Group, Inc. (NYSE:CFG) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 762,065 shares of the bank’s stock, valued at approximately $40,511,000. Junto Capital Management LP owned 0.18% of Citizens Financial Group at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of CFG. True Wealth Design LLC grew its holdings in shares of Citizens Financial Group by 891.5% during the third quarter. True Wealth Design LLC now owns 585 shares of the bank’s stock worth $31,000 after buying an additional 526 shares in the last quarter. Capital A Wealth Management LLC raised its position in Citizens Financial Group by 3,970.0% in the 2nd quarter. Capital A Wealth Management LLC now owns 814 shares of the bank’s stock valued at $36,000 after buying an additional 794 shares during the last quarter. State of Wyoming bought a new stake in Citizens Financial Group in the 2nd quarter valued at approximately $39,000. Kestra Investment Management LLC boosted its position in Citizens Financial Group by 2,703.0% during the 2nd quarter. Kestra Investment Management LLC now owns 925 shares of the bank’s stock worth $41,000 after acquiring an additional 892 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC bought a new position in shares of Citizens Financial Group during the 2nd quarter worth approximately $45,000. 94.90% of the stock is currently owned by institutional investors.

Citizens Financial Group Stock Performance

Shares of CFG stock opened at $55.59 on Monday. The company has a fifty day moving average price of $62.41 and a two-hundred day moving average price of $56.67. Citizens Financial Group, Inc. has a one year low of $32.60 and a one year high of $68.79. The stock has a market cap of $23.63 billion, a P/E ratio of 14.37, a P/E/G ratio of 0.45 and a beta of 0.70. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.85 and a quick ratio of 0.84.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings data on Wednesday, January 21st. The bank reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.02. The company had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.16 billion. Citizens Financial Group had a net margin of 15.19% and a return on equity of 7.81%. Citizens Financial Group’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.85 EPS. As a group, equities analysts predict that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 18th. Shareholders of record on Wednesday, February 4th were given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend was Wednesday, February 4th. Citizens Financial Group’s payout ratio is 47.55%.

Analysts Set New Price Targets

Several research analysts recently commented on CFG shares. TD Cowen increased their target price on shares of Citizens Financial Group from $75.00 to $78.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Raymond James Financial cut shares of Citizens Financial Group from a “strong-buy” rating to an “outperform” rating and boosted their price target for the stock from $62.00 to $66.00 in a research report on Wednesday, January 7th. New Street Research set a $73.00 price objective on Citizens Financial Group in a report on Thursday, January 22nd. Morgan Stanley raised their price objective on Citizens Financial Group from $73.00 to $80.00 and gave the company an “overweight” rating in a report on Monday, March 2nd. Finally, Robert W. Baird upgraded Citizens Financial Group from a “neutral” rating to an “outperform” rating and set a $65.00 target price on the stock in a report on Monday, March 9th. Twenty investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $69.95.

Insiders Place Their Bets

In other Citizens Financial Group news, insider Susan Lamonica sold 13,258 shares of the company’s stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $58.04, for a total value of $769,494.32. Following the sale, the insider owned 165,971 shares in the company, valued at $9,632,956.84. This represents a 7.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.67% of the stock is currently owned by company insiders.

About Citizens Financial Group

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.