Junto Capital Management LP Boosts Stock Position in Citizens Financial Group, Inc. $CFG

Junto Capital Management LP increased its holdings in Citizens Financial Group, Inc. (NYSE:CFG) by 3.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,307,340 shares of the bank’s stock after purchasing an additional 42,248 shares during the period. Citizens Financial Group makes up about 1.6% of Junto Capital Management LP’s investment portfolio, making the stock its 19th largest position. Junto Capital Management LP’s holdings in Citizens Financial Group were worth $91,605,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. NewEdge Advisors LLC grew its stake in shares of Citizens Financial Group by 2.4% in the 1st quarter. NewEdge Advisors LLC now owns 11,531 shares of the bank’s stock worth $472,000 after buying an additional 274 shares in the last quarter. Empowered Funds LLC raised its position in shares of Citizens Financial Group by 6.7% during the 1st quarter. Empowered Funds LLC now owns 8,838 shares of the bank’s stock valued at $362,000 after buying an additional 554 shares in the last quarter. Woodline Partners LP raised its position in shares of Citizens Financial Group by 39.5% during the 1st quarter. Woodline Partners LP now owns 36,932 shares of the bank’s stock valued at $1,513,000 after buying an additional 10,466 shares in the last quarter. Sivia Capital Partners LLC lifted its holdings in shares of Citizens Financial Group by 93.4% in the 2nd quarter. Sivia Capital Partners LLC now owns 9,814 shares of the bank’s stock valued at $439,000 after acquiring an additional 4,739 shares during the last quarter. Finally, Daiwa Securities Group Inc. lifted 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 last quarter. Institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Stock Performance

CFG stock opened at $69.43 on Thursday. Citizens Financial Group, Inc. has a twelve month low of $47.96 and a twelve month high of $75.33. The firm has a market cap of $29.24 billion, a price-to-earnings ratio of 15.06, a PEG ratio of 0.63 and a beta of 0.66. The business’s fifty day simple moving average is $71.44 and its two-hundred day simple moving average is $65.92. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 0.63.

Citizens Financial Group (NYSE:CFG) last issued its earnings results on Thursday, July 16th. The bank reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.05. The firm had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.25 billion. Citizens Financial Group had a net margin of 17.18% and a return on equity of 8.85%. The business’s revenue was up 12.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.92 earnings per share. Analysts predict that Citizens Financial Group, Inc. will post 5.3 earnings per share for the current year.

Citizens Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Thursday, July 30th were given a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Thursday, July 30th. Citizens Financial Group’s payout ratio is 39.91%.

Wall Street Analyst Weigh In

CFG has been the topic of several analyst reports. Argus set a $80.00 price objective on Citizens Financial Group in a research note on Wednesday, July 29th. Royal Bank Of Canada raised their price objective on Citizens Financial Group from $70.00 to $79.00 and gave the company an “outperform” rating in a research note on Friday, July 17th. DA Davidson reiterated a “neutral” rating on shares of Citizens Financial Group in a report on Friday, August 14th. Weiss Ratings reiterated a “buy (b)” rating on shares of Citizens Financial Group in a report on Monday, August 3rd. Finally, Keefe, Bruyette & Woods boosted their target price on Citizens Financial Group from $75.00 to $90.00 and gave the company an “outperform” rating in a research report on Friday, July 17th. Sixteen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $79.80.

Insider Buying and Selling

In other Citizens Financial Group news, CEO Bruce Van Saun sold 129,369 shares of the company’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 in the company, valued at $82,214,789.41. This represents a 10.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.67% of the stock is owned by corporate insiders.

Citizens Financial Group Profile

Citizens Financial Group, Inc is a bank holding company headquartered in Providence, Rhode Island. Through its primary subsidiary, Citizens Bank, the company provides retail and commercial banking services to individuals, businesses, institutions and government entities.

Its offerings include checking and savings accounts, consumer and residential lending, credit cards, business loans, commercial real estate financing, treasury management, investment banking, capital markets services and wealth management.