395,589 Shares in Citizens Financial Group, Inc. $CFG Acquired by Corient Private Wealth LP

Corient Private Wealth LP bought a new position in shares of Citizens Financial Group, Inc. (NYSE:CFG) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 395,589 shares of the bank’s stock, valued at approximately $16,669,000.

Other institutional investors have also recently bought and sold shares of the company. Parallel Advisors LLC increased its position in shares of Citizens Financial Group by 2.9% during the fourth quarter. Parallel Advisors LLC now owns 6,078 shares of the bank’s stock worth $355,000 after acquiring an additional 172 shares in the last quarter. Clear Harbor Asset Management LLC raised its holdings in shares of Citizens Financial Group by 0.9% during the fourth quarter. Clear Harbor Asset Management LLC now owns 19,694 shares of the bank’s stock worth $1,150,000 after acquiring an additional 175 shares during the period. MGO One Seven LLC raised its holdings in shares of Citizens Financial Group by 3.7% during the fourth quarter. MGO One Seven LLC now owns 5,270 shares of the bank’s stock worth $308,000 after acquiring an additional 187 shares during the period. Summit Financial LLC lifted its position in Citizens Financial Group by 2.5% in the 4th quarter. Summit Financial LLC now owns 7,719 shares of the bank’s stock valued at $451,000 after acquiring an additional 187 shares in the last quarter. Finally, Manchester Capital Management LLC lifted its position in Citizens Financial Group by 16.1% in the 4th quarter. Manchester Capital Management LLC now owns 1,389 shares of the bank’s stock valued at $81,000 after acquiring an additional 193 shares in the last quarter. Institutional investors own 94.90% of the company’s stock.

Insider Buying and Selling

In related news, CEO Saun Bruce Van sold 129,369 shares of Citizens Financial Group stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $72.07, for a total transaction of $9,323,623.83. Following the completion of the transaction, the chief executive officer owned 1,140,763 shares in the company, valued at approximately $82,214,789.41. This trade represents a 10.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.67% of the company’s stock.

Citizens Financial Group Price Performance

NYSE:CFG opened at $69.76 on Friday. The stock’s 50-day simple moving average is $71.46 and its 200 day simple moving average is $65.69. Citizens Financial Group, Inc. has a 52-week low of $47.96 and a 52-week high of $75.33. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.85 and a current ratio of 0.86. The company has a market cap of $29.38 billion, a P/E ratio of 15.13, a P/E/G ratio of 0.54 and a beta of 0.67.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings results on Thursday, July 16th. The bank reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.05. Citizens Financial Group had a return on equity of 8.85% and a net margin of 17.18%.The firm had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.25 billion. During the same quarter in the previous year, the firm earned $0.92 EPS. The business’s quarterly revenue was up 12.1% on a year-over-year basis. As a group, sell-side analysts forecast that Citizens Financial Group, Inc. will post 5.3 EPS for the current fiscal year.

Citizens Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Thursday, July 30th were paid a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 2.6%. The ex-dividend date was Thursday, July 30th. Citizens Financial Group’s dividend payout ratio (DPR) is 39.91%.

Analyst Ratings Changes

A number of equities analysts have issued reports on CFG shares. Keefe, Bruyette & Woods increased their target price on Citizens Financial Group from $75.00 to $90.00 and gave the stock an “outperform” rating in a report on Friday, July 17th. Cantor Fitzgerald boosted their price target on Citizens Financial Group from $80.00 to $84.00 and gave the company an “overweight” rating in a report on Wednesday, August 19th. UBS Group upped their price objective on Citizens Financial Group from $75.00 to $82.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Evercore reiterated an “outperform” rating and set a $80.00 price objective on shares of Citizens Financial Group in a report on Monday, July 6th. Finally, Jefferies Financial Group lifted their target price on Citizens Financial Group from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, July 16th. Sixteen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Citizens Financial Group presently has an average rating of “Moderate Buy” and an average price target of $79.25.

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.