Jupiter Asset Management Ltd. Acquires 85,052 Shares of Citizens Financial Group, Inc. $CFG

Jupiter Asset Management Ltd. increased its position in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 45.9% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 270,484 shares of the bank’s stock after purchasing an additional 85,052 shares during the period. Jupiter Asset Management Ltd.’s holdings in Citizens Financial Group were worth $15,799,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Activest Wealth Management increased its holdings in Citizens Financial Group by 5,600.0% during the fourth quarter. Activest Wealth Management now owns 513 shares of the bank’s stock worth $30,000 after buying an additional 504 shares during the last quarter. State of Wyoming acquired a new position in Citizens Financial Group during the second quarter worth $39,000. Fortitude Family Office LLC increased its holdings in Citizens Financial Group by 632.0% during the fourth quarter. Fortitude Family Office LLC now owns 710 shares of the bank’s stock worth $41,000 after buying an additional 613 shares during the last quarter. Kestra Investment Management LLC increased its holdings in Citizens Financial Group by 2,703.0% during the second quarter. Kestra Investment Management LLC now owns 925 shares of the bank’s stock worth $41,000 after buying an additional 892 shares during the last quarter. Finally, Elyxium Wealth LLC acquired a new position in Citizens Financial Group during the fourth quarter worth $50,000. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Citizens Financial Group

In related news, insider Michelle Moosally sold 6,050 shares of the company’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 transaction, the insider directly owned 22,565 shares in the company, valued at approximately $1,402,640.40. This represents a 21.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Susan Lamonica sold 13,258 shares of the company’s stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $58.04, for a total transaction of $769,494.32. Following the completion of the transaction, the insider owned 165,971 shares in the company, valued at $9,632,956.84. This trade represents a 7.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.67% of the stock is owned by insiders.

Citizens Financial Group Price Performance

NYSE:CFG opened at $62.17 on Friday. Citizens Financial Group, Inc. has a one year low of $39.40 and a one year high of $68.79. The company has a market cap of $26.29 billion, a P/E ratio of 14.70, a P/E/G ratio of 0.50 and a beta of 0.70. The firm’s fifty day moving average price is $62.39 and its two-hundred day moving average price is $60.44. The company has a debt-to-equity ratio of 0.51, 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 Thursday, April 16th. The bank reported $1.13 EPS for the quarter, beating the consensus estimate of $1.10 by $0.03. Citizens Financial Group had a net margin of 16.21% and a return on equity of 8.31%. The firm had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.16 billion. During the same period in the previous year, the company earned $0.77 earnings per share. The company’s quarterly revenue was up 12.0% on a year-over-year basis. Equities analysts expect that Citizens Financial Group, Inc. will post 5.2 earnings per share for the current year.

Citizens Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Thursday, April 30th were issued a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Thursday, April 30th. Citizens Financial Group’s payout ratio is currently 43.50%.

Analysts Set New Price Targets

CFG has been the topic of a number of recent analyst reports. Royal Bank Of Canada boosted their target price on shares of Citizens Financial Group from $67.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, April 17th. Cantor Fitzgerald restated an “overweight” rating and set a $75.00 target price on shares of Citizens Financial Group in a report on Tuesday, March 3rd. Evercore restated an “outperform” rating and set a $75.00 target price on shares of Citizens Financial Group in a report on Tuesday, April 21st. JPMorgan Chase & Co. boosted their target price on shares of Citizens Financial Group from $68.00 to $68.50 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Finally, Morgan Stanley lowered their target price on shares of Citizens Financial Group from $80.00 to $73.00 and set an “overweight” rating on the stock in a report on Tuesday, March 31st. Nineteen research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Citizens Financial Group has a consensus rating of “Moderate Buy” and an average target price of $70.88.

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.