Citizens Financial Group, Inc. $CFG Shares Acquired by Raiffeisen Bank International AG

Raiffeisen Bank International AG increased its position in Citizens Financial Group, Inc. (NYSE:CFG) by 1,117.3% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 39,100 shares of the bank’s stock after purchasing an additional 35,888 shares during the period. Raiffeisen Bank International AG’s holdings in Citizens Financial Group were worth $2,754,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. NewEdge Advisors LLC increased its position in Citizens Financial Group by 2.4% during the first quarter. NewEdge Advisors LLC now owns 11,531 shares of the bank’s stock worth $472,000 after buying an additional 274 shares during the period. Empowered Funds LLC boosted its holdings in shares of Citizens Financial Group by 6.7% in the first quarter. Empowered Funds LLC now owns 8,838 shares of the bank’s stock valued at $362,000 after acquiring an additional 554 shares during the period. Woodline Partners LP boosted its holdings in shares of Citizens Financial Group by 39.5% in the first quarter. Woodline Partners LP now owns 36,932 shares of the bank’s stock valued at $1,513,000 after acquiring an additional 10,466 shares during the period. Sivia Capital Partners LLC grew its position in shares of Citizens Financial Group by 93.4% during the second quarter. Sivia Capital Partners LLC now owns 9,814 shares of the bank’s stock worth $439,000 after acquiring an additional 4,739 shares during the last quarter. Finally, Daiwa Securities Group Inc. increased its holdings in shares of Citizens Financial Group by 5.2% in the 2nd quarter. Daiwa Securities Group Inc. now owns 65,564 shares of the bank’s stock valued at $2,934,000 after acquiring an additional 3,225 shares during the period. 94.90% of the stock is owned by institutional investors and hedge funds.

Citizens Financial Group Price Performance

Citizens Financial Group stock opened at $70.81 on Friday. Citizens Financial Group, Inc. has a 12 month low of $47.96 and a 12 month high of $75.33. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.86 and a quick ratio of 0.85. The business has a 50 day simple moving average of $71.48 and a 200-day simple moving average of $65.80. The stock has a market capitalization of $29.82 billion, a PE ratio of 15.36, a price-to-earnings-growth ratio of 0.64 and a beta of 0.66.

Citizens Financial Group (NYSE:CFG) last issued 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 during the quarter, compared to the consensus estimate of $2.25 billion. During the same period last year, the company earned $0.92 earnings per share. The company’s revenue for the quarter was up 12.1% on a year-over-year basis. Equities analysts predict that Citizens Financial Group, Inc. will post 5.3 earnings per share for the current year.

Citizens Financial Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Thursday, July 30th were given a dividend of $0.46 per share. The ex-dividend date was Thursday, July 30th. This represents a $1.84 dividend on an annualized basis and a yield of 2.6%. Citizens Financial Group’s dividend payout ratio is presently 39.91%.

Analyst Upgrades and Downgrades

Several research firms recently commented on CFG. Weiss Ratings reiterated a “buy (b)” rating on shares of Citizens Financial Group in a research report on Monday, August 3rd. DA Davidson reissued a “neutral” rating on shares of Citizens Financial Group in a research report on Friday, August 14th. UBS Group lifted their price objective on shares of Citizens Financial Group from $75.00 to $82.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. Morgan Stanley upped their target price on shares of Citizens Financial Group from $73.00 to $79.00 and gave the company an “overweight” rating in a report on Monday, June 29th. Finally, Cantor Fitzgerald increased their target price on shares of Citizens Financial Group from $80.00 to $84.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 19th. 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, the company currently has an average rating of “Moderate Buy” and a consensus price target of $79.25.

Insider Activity at Citizens Financial Group

In other news, CEO Bruce Van Saun sold 129,369 shares of the firm’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 completion of the sale, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.67% of the company’s stock.

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.