Cookson Peirce & Co. Inc. Has $3.01 Million Stake in Citizens Financial Group, Inc. $CFG

Cookson Peirce & Co. Inc. lifted its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 79.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,593 shares of the bank’s stock after buying an additional 22,861 shares during the quarter. Cookson Peirce & Co. Inc.’s holdings in Citizens Financial Group were worth $3,014,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Channing Capital Management LLC acquired a new position in Citizens Financial Group during the third quarter valued at approximately $7,528,000. Envestnet Asset Management Inc. grew its holdings in Citizens Financial Group by 25.7% during the third quarter. Envestnet Asset Management Inc. now owns 687,602 shares of the bank’s stock valued at $36,553,000 after purchasing an additional 140,641 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in Citizens Financial Group by 5.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 504,595 shares of the bank’s stock valued at $29,968,000 after purchasing an additional 25,180 shares during the period. Dynamic Advisor Solutions LLC acquired a new position in Citizens Financial Group during the fourth quarter valued at approximately $2,412,000. Finally, Krilogy Financial LLC acquired a new position in Citizens Financial Group during the third quarter valued at approximately $1,182,000. Institutional investors and hedge funds own 94.90% of the company’s stock.

Insiders Place Their Bets

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 transaction of $376,068.00. Following the completion of the sale, the insider owned 22,565 shares of the company’s stock, valued at $1,402,640.40. This represents a 21.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Susan Lamonica sold 13,258 shares of the firm’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 transaction of $769,494.32. Following the sale, the insider directly owned 165,971 shares of the company’s stock, valued at approximately $9,632,956.84. This trade represents a 7.40% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.67% of the company’s stock.

Citizens Financial Group Stock Performance

Shares of CFG opened at $64.09 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.84 and a current ratio of 0.85. Citizens Financial Group, Inc. has a twelve month low of $40.17 and a twelve month high of $68.79. The firm’s 50 day moving average price is $62.84 and its two-hundred day moving average price is $60.81. The firm has a market cap of $27.10 billion, a P/E ratio of 15.15, a PEG ratio of 0.51 and a beta of 0.68.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings results on Thursday, April 16th. The bank reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $2.16 billion. During the same quarter in the previous year, the firm posted $0.77 earnings per share. The business’s revenue was up 12.0% on a year-over-year basis. On average, analysts forecast that Citizens Financial Group, Inc. will post 5.2 EPS for the current fiscal year.

Citizens Financial Group Announces Dividend

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

Analyst Ratings Changes

CFG has been the subject of a number of analyst reports. Citigroup restated a “buy” rating on shares of Citizens Financial Group in a report on Friday, May 8th. Cantor Fitzgerald restated an “overweight” rating and set a $75.00 price objective on shares of Citizens Financial Group in a report on Tuesday, March 3rd. Evercore restated an “outperform” rating and set a $75.00 price objective on shares of Citizens Financial Group in a report on Tuesday, April 21st. DA Davidson boosted their price objective on shares of Citizens Financial Group from $73.00 to $74.00 and gave the company a “buy” rating in a report on Monday, April 20th. Finally, Royal Bank Of Canada boosted their price objective on shares of Citizens Financial Group from $67.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, April 17th. Nineteen analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $70.88.

Citizens Financial Group 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.