Systematic Financial Management LP Has $5.88 Million Stake in Citizens Financial Group, Inc. $CFG

Systematic Financial Management LP raised its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 20.7% in the 4th quarter, Holdings Channel reports. The firm owned 100,617 shares of the bank’s stock after purchasing an additional 17,225 shares during the quarter. Systematic Financial Management LP’s holdings in Citizens Financial Group were worth $5,877,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. EverSource Wealth Advisors LLC raised its position in Citizens Financial Group by 41.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 9,607 shares of the bank’s stock worth $561,000 after purchasing an additional 2,823 shares during the last quarter. Evoke Wealth LLC raised its position in Citizens Financial Group by 12.8% during the 4th quarter. Evoke Wealth LLC now owns 9,929 shares of the bank’s stock worth $580,000 after purchasing an additional 1,125 shares during the last quarter. Gradient Capital Advisors LLC bought a new position in Citizens Financial Group during the 4th quarter worth $267,000. Global Retirement Partners LLC raised its position in Citizens Financial Group by 585.9% during the 4th quarter. Global Retirement Partners LLC now owns 24,673 shares of the bank’s stock worth $1,441,000 after purchasing an additional 21,076 shares during the last quarter. Finally, Mach 1 Financial Group LLC bought a new position in Citizens Financial Group during the 4th quarter worth $345,000. 94.90% of the stock is owned by institutional investors.

Insider Transactions at Citizens Financial Group

In related news, insider Susan Lamonica sold 13,258 shares of the business’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $58.04, for a total value of $769,494.32. Following the completion of the sale, the insider directly owned 165,971 shares of the company’s stock, valued at $9,632,956.84. The trade was a 7.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Michelle Moosally sold 6,050 shares of the business’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $62.16, for a total value of $376,068.00. Following the completion of the sale, the insider directly owned 22,565 shares of the company’s stock, valued at $1,402,640.40. The trade was a 21.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.67% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on CFG shares. DA Davidson raised their target price on Citizens Financial Group from $73.00 to $74.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. Keefe, Bruyette & Woods raised their target price on Citizens Financial Group from $70.00 to $72.00 and gave the stock an “outperform” rating in a research report on Friday, April 17th. Citigroup reaffirmed a “buy” rating on shares of Citizens Financial Group in a research report on Friday, May 8th. Evercore reaffirmed an “outperform” rating and set a $75.00 target price on shares of Citizens Financial Group in a research report on Tuesday, April 21st. Finally, Robert W. Baird raised Citizens Financial Group from a “neutral” rating to an “outperform” rating and set a $65.00 target price for the company in a research report on Monday, March 9th. Nineteen analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Citizens Financial Group has an average rating of “Moderate Buy” and a consensus price target of $70.88.

Citizens Financial Group Stock Performance

CFG stock opened at $62.93 on Monday. The stock has a 50-day moving average price of $61.76 and a 200-day moving average price of $60.10. Citizens Financial Group, Inc. has a 1-year low of $38.80 and a 1-year high of $68.79. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.51. The firm has a market cap of $26.61 billion, a PE ratio of 14.88, a price-to-earnings-growth ratio of 0.50 and a beta of 0.70.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings data on Thursday, April 16th. The bank reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.03. Citizens Financial Group had a return on equity of 8.31% and a net margin of 16.21%.The firm had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.16 billion. During the same period last year, the company posted $0.77 EPS. The business’s quarterly revenue was up 12.0% on a year-over-year basis. As a group, equities research analysts expect that Citizens Financial Group, Inc. will post 5.19 earnings per share for the current year.

Citizens Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Thursday, April 30th were given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend was Thursday, April 30th. Citizens Financial Group’s payout ratio is presently 43.50%.

Citizens Financial Group Company 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.