1,218 Shares in Citizens Financial Group, Inc. (NYSE:CFG) Bought by Friedenthal Financial

Friedenthal Financial acquired a new position in shares of Citizens Financial Group, Inc. (NYSE:CFG) in the 3rd quarter, Holdings Channel.com reports. The firm acquired 1,218 shares of the bank’s stock, valued at approximately $50,000.

Other large investors have also recently bought and sold shares of the company. Innealta Capital LLC bought a new position in Citizens Financial Group in the second quarter valued at about $25,000. Versant Capital Management Inc boosted its stake in shares of Citizens Financial Group by 262.8% during the second quarter. Versant Capital Management Inc now owns 936 shares of the bank’s stock valued at $34,000 after purchasing an additional 678 shares in the last quarter. Private Ocean LLC grew its holdings in shares of Citizens Financial Group by 484.4% during the second quarter. Private Ocean LLC now owns 1,011 shares of the bank’s stock worth $36,000 after purchasing an additional 838 shares during the last quarter. Ridgewood Investments LLC bought a new position in Citizens Financial Group in the 2nd quarter valued at approximately $48,000. Finally, Atlas Capital Advisors LLC bought a new stake in Citizens Financial Group during the 2nd quarter worth approximately $48,000. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Citizens Financial Group Trading Up 0.8 %

CFG opened at $42.47 on Friday. Citizens Financial Group, Inc. has a fifty-two week low of $22.77 and a fifty-two week high of $44.39. The firm has a market capitalization of $19.32 billion, a PE ratio of 15.39, a P/E/G ratio of 1.42 and a beta of 1.07. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.87 and a quick ratio of 0.86. The company’s 50-day moving average is $41.33 and its 200 day moving average is $38.05.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings data on Wednesday, October 16th. The bank reported $0.79 EPS for the quarter, hitting the consensus estimate of $0.79. The firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.94 billion. Citizens Financial Group had a return on equity of 6.21% and a net margin of 10.74%. The company’s quarterly revenue was down 5.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.85 earnings per share. As a group, research analysts predict that Citizens Financial Group, Inc. will post 3.22 earnings per share for the current fiscal year.

Citizens Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 13th. Stockholders of record on Wednesday, October 30th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, October 30th. This represents a $1.68 annualized dividend and a dividend yield of 3.96%. Citizens Financial Group’s payout ratio is 60.87%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CFG. Royal Bank of Canada increased their price objective on Citizens Financial Group from $43.00 to $45.00 and gave the company an “outperform” rating in a report on Thursday. Barclays upped their target price on Citizens Financial Group from $40.00 to $47.00 and gave the company an “equal weight” rating in a report on Thursday. Morgan Stanley raised their price target on shares of Citizens Financial Group from $41.00 to $50.00 and gave the stock an “equal weight” rating in a report on Monday, August 5th. The Goldman Sachs Group upped their price objective on shares of Citizens Financial Group from $43.00 to $49.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Finally, Evercore ISI lowered their target price on shares of Citizens Financial Group from $47.00 to $46.00 and set an “in-line” rating for the company in a research note on Wednesday, October 2nd. Ten analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $43.80.

Insider Activity

In other Citizens Financial Group news, insider Craig Jack Read sold 3,938 shares of the company’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $43.26, for a total value of $170,357.88. Following the completion of the sale, the insider now directly owns 33,620 shares of the company’s stock, valued at approximately $1,454,401.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.62% of the stock is currently owned by corporate insiders.

About Citizens Financial Group

Citizens Financial Group, Inc operates as the bank holding company that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, corporations, and institutions in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.