Munich Reinsurance Co Stock Corp in Munich Has $3.97 Million Stock Holdings in Citizens Financial Group, Inc. $CFG

Munich Reinsurance Co Stock Corp in Munich decreased its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 45.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 56,711 shares of the bank’s stock after selling 47,298 shares during the period. Munich Reinsurance Co Stock Corp in Munich’s holdings in Citizens Financial Group were worth $3,974,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of CFG. Geode Capital Management LLC grew its position in shares of Citizens Financial Group by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 11,361,142 shares of the bank’s stock valued at $661,052,000 after purchasing an additional 32,264 shares during the last quarter. Jupiter Asset Management Ltd. lifted its holdings in Citizens Financial Group by 45.9% during the 4th quarter. Jupiter Asset Management Ltd. now owns 270,484 shares of the bank’s stock worth $15,799,000 after purchasing an additional 85,052 shares during the last quarter. Todd Asset Management LLC boosted its stake in Citizens Financial Group by 10.6% in the 4th quarter. Todd Asset Management LLC now owns 991,510 shares of the bank’s stock valued at $57,914,000 after purchasing an additional 94,774 shares during the period. HighTower Advisors LLC grew its holdings in Citizens Financial Group by 51.8% in the 4th quarter. HighTower Advisors LLC now owns 58,648 shares of the bank’s stock valued at $3,426,000 after buying an additional 20,008 shares in the last quarter. Finally, Freestone Grove Partners LP acquired a new position in Citizens Financial Group in the 2nd quarter valued at $95,642,000. 94.90% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on CFG shares. Cantor Fitzgerald lifted their target price on Citizens Financial Group from $80.00 to $84.00 and gave the stock an “overweight” rating in a report on Wednesday, August 19th. Argus set a $80.00 price target on shares of Citizens Financial Group in a research note on Wednesday, July 29th. Stephens upped their price target on shares of Citizens Financial Group from $68.00 to $70.00 and gave the company an “equal weight” rating in a research note on Friday, July 17th. Citigroup raised their price target on shares of Citizens Financial Group from $78.00 to $84.00 and gave the stock a “buy” rating in a research report on Monday, July 20th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Citizens Financial Group from $76.00 to $78.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Sixteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $79.25.

Citizens Financial Group Price Performance

Shares of NYSE CFG opened at $70.81 on Friday. The business has a fifty day moving average price of $71.48 and a two-hundred day moving average price of $65.80. The stock has a market capitalization of $29.82 billion, a PE ratio of 15.36, a P/E/G ratio of 0.64 and a beta of 0.66. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.86 and a quick ratio of 0.85. Citizens Financial Group, Inc. has a fifty-two week low of $47.96 and a fifty-two week high of $75.33.

Citizens Financial Group (NYSE:CFG) last released its earnings results on Thursday, July 16th. The bank reported $1.30 earnings per share (EPS) 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 company had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.25 billion. During the same period in the prior year, the firm posted $0.92 EPS. Citizens Financial Group’s quarterly revenue was up 12.1% on a year-over-year basis. As a group, equities analysts predict that Citizens Financial Group, Inc. will post 5.3 earnings per share for the current fiscal 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 paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Thursday, July 30th. Citizens Financial Group’s dividend payout ratio is presently 39.91%.

Insider Transactions at Citizens Financial Group

In other Citizens Financial Group news, CEO Bruce Van Saun sold 129,369 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer directly owned 1,140,763 shares of the company’s stock, valued at $82,214,789.41. This trade represents a 10.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.67% of the stock is owned by insiders.

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.