51,168 Shares in Citizens Financial Group, Inc. $CFG Acquired by Sanctuary Advisors LLC

Sanctuary Advisors LLC bought a new stake in Citizens Financial Group, Inc. (NYSE:CFG) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 51,168 shares of the bank’s stock, valued at approximately $3,585,000.

Several other hedge funds have also bought and sold shares of CFG. Parallel Advisors LLC increased its holdings in shares of Citizens Financial Group by 2.9% in the 4th quarter. Parallel Advisors LLC now owns 6,078 shares of the bank’s stock worth $355,000 after buying an additional 172 shares during the last quarter. Inscription Capital LLC lifted its holdings in shares of Citizens Financial Group by 1.6% during the 4th quarter. Inscription Capital LLC now owns 10,902 shares of the bank’s stock worth $637,000 after acquiring an additional 175 shares during the last quarter. Clear Harbor Asset Management LLC lifted its holdings in shares of Citizens Financial Group by 0.9% during the 4th quarter. Clear Harbor Asset Management LLC now owns 19,694 shares of the bank’s stock worth $1,150,000 after acquiring an additional 175 shares during the last quarter. MGO One Seven LLC grew its position in Citizens Financial Group by 3.7% in the fourth quarter. MGO One Seven LLC now owns 5,270 shares of the bank’s stock worth $308,000 after acquiring an additional 187 shares in the last quarter. Finally, Summit Financial LLC grew its position in Citizens Financial Group by 2.5% in the fourth quarter. Summit Financial LLC now owns 7,719 shares of the bank’s stock worth $451,000 after acquiring an additional 187 shares in the last quarter. 94.90% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CFG has been the topic of a number of research reports. Barclays raised their price target on Citizens Financial Group from $77.00 to $81.00 and gave the company an “overweight” rating in a research report on Friday, July 17th. Citigroup upped their price objective on Citizens Financial Group from $78.00 to $84.00 and gave the stock a “buy” rating in a report on Monday, July 20th. DA Davidson reiterated a “neutral” rating on shares of Citizens Financial Group in a research report on Friday, August 14th. UBS Group raised their price objective on Citizens Financial Group from $75.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. Finally, Jefferies Financial Group boosted their target price on Citizens Financial Group from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, July 16th. Sixteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Citizens Financial Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $79.25.

Insiders Place Their Bets

In related news, CEO Saun Bruce Van sold 129,369 shares of the firm’s stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $72.07, for a total transaction 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 trade represents a 10.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.67% of the stock is owned by corporate insiders.

Citizens Financial Group Price Performance

Shares of NYSE:CFG opened at $69.86 on Wednesday. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 0.63. The stock has a market cap of $29.43 billion, a PE ratio of 15.16, a PEG ratio of 0.54 and a beta of 0.67. The company’s fifty day moving average is $71.27 and its 200 day moving average is $65.62. Citizens Financial Group, Inc. has a 52 week low of $47.96 and a 52 week high of $75.33.

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

Citizens Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Thursday, July 30th were issued a dividend of $0.46 per share. The ex-dividend date was Thursday, July 30th. This represents a $1.84 annualized dividend and a yield of 2.6%. Citizens Financial Group’s dividend payout ratio is currently 39.91%.

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.