Compass Wealth Management LLC Buys New Shares in Citizens Financial Group, Inc. $CFG

Compass Wealth Management LLC purchased a new stake in Citizens Financial Group, Inc. (NYSE:CFG) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,700 shares of the bank’s stock, valued at approximately $750,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. University of Texas Texas AM Investment Management Co. acquired a new stake in Citizens Financial Group during the fourth quarter worth about $26,000. Cedar Mountain Advisors LLC acquired a new position in Citizens Financial Group in the 1st quarter valued at approximately $27,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in Citizens Financial Group in the 4th quarter valued at approximately $29,000. Activest Wealth Management lifted its position in shares of Citizens Financial Group by 5,600.0% in the 4th quarter. Activest Wealth Management now owns 513 shares of the bank’s stock worth $30,000 after acquiring an additional 504 shares during the period. Finally, Elevation Wealth Partners LLC lifted its position in shares of Citizens Financial Group by 319.8% in the 2nd quarter. Elevation Wealth Partners LLC now owns 424 shares of the bank’s stock worth $30,000 after acquiring an additional 323 shares during the period. Institutional investors own 94.90% of the company’s stock.

Insider Activity

In other news, CEO Saun Bruce Van sold 129,369 shares of the business’s stock in a transaction on Friday, July 24th. The shares were sold at an average price of $72.07, for a total value of $9,323,623.83. Following the sale, the chief executive officer owned 1,140,763 shares in the company, valued at approximately $82,214,789.41. The trade was a 10.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.67% of the company’s stock.

Wall Street Analyst Weigh In

CFG has been the topic of a number of research reports. Robert W. Baird boosted their price objective on Citizens Financial Group from $72.00 to $75.00 and gave the company a “neutral” rating in a research report on Friday, July 17th. Royal Bank Of Canada raised their target price on Citizens Financial Group from $70.00 to $79.00 and gave the stock an “outperform” rating in a research report on Friday, July 17th. Cantor Fitzgerald boosted their price target on shares of Citizens Financial Group from $75.00 to $80.00 and gave the company an “overweight” rating in a report on Wednesday, July 15th. Barclays increased their price objective on shares of Citizens Financial Group from $77.00 to $81.00 and gave the company an “overweight” rating in a research note on Friday, July 17th. Finally, Stephens raised their price objective on shares of Citizens Financial Group from $68.00 to $70.00 and gave the stock an “equal weight” rating in a report on Friday, July 17th. Sixteen investment 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 currently has an average rating of “Moderate Buy” and a consensus price target of $79.05.

Citizens Financial Group Trading Down 1.2%

Shares of CFG opened at $73.45 on Wednesday. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.63. The stock has a market cap of $30.94 billion, a PE ratio of 15.93, a PEG ratio of 0.57 and a beta of 0.67. Citizens Financial Group, Inc. has a 1 year low of $47.96 and a 1 year high of $75.33. The stock has a 50 day simple moving average of $70.92 and a 200-day simple moving average of $65.43.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings results on Thursday, July 16th. The bank reported $1.30 EPS for the quarter, beating 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 business 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. Citizens Financial Group’s quarterly revenue was up 12.1% on a year-over-year basis. On average, sell-side analysts predict that Citizens Financial Group, Inc. will post 5.3 EPS for the current fiscal year.

Citizens Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Thursday, July 30th were issued a dividend of $0.46 per share. The ex-dividend date of this dividend was Thursday, July 30th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.5%. Citizens Financial Group’s dividend payout ratio (DPR) is presently 39.91%.

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.