Citizens Financial Group, Inc. $CFG Shares Purchased by Krilogy Financial LLC

Krilogy Financial LLC lifted its position in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 419.6% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 139,536 shares of the bank’s stock after buying an additional 112,683 shares during the quarter. Krilogy Financial LLC’s holdings in Citizens Financial Group were worth $8,897,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of CFG. Elevation Wealth Partners LLC boosted its position in shares of Citizens Financial Group by 319.8% in the second quarter. Elevation Wealth Partners LLC now owns 424 shares of the bank’s stock valued at $30,000 after acquiring an additional 323 shares during the period. Cedar Mountain Advisors LLC bought a new position in Citizens Financial Group during the first quarter worth about $27,000. Keating Financial Advisory Services Inc. bought a new position in Citizens Financial Group during the second quarter worth about $35,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in Citizens Financial Group in the 4th quarter worth about $29,000. Finally, Virtus Advisers LLC acquired a new stake in Citizens Financial Group in the 2nd quarter worth about $35,000. Institutional investors and hedge funds own 94.90% of the company’s stock.

Insider Buying and Selling

In other Citizens Financial Group news, CEO Bruce Van Saun sold 129,369 shares of the business’s stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $72.07, for a total transaction of $9,323,623.83. Following the completion of the transaction, the chief executive officer directly owned 1,140,763 shares in the company, valued at $82,214,789.41. The trade was a 10.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.67% of the stock is currently owned by corporate insiders.

Citizens Financial Group Stock Down 0.8%

Shares of NYSE CFG opened at $63.36 on Wednesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.85 and a current ratio of 0.86. Citizens Financial Group, Inc. has a 52 week low of $47.96 and a 52 week high of $75.33. The stock has a market capitalization of $26.69 billion, a P/E ratio of 13.74, a PEG ratio of 0.58 and a beta of 0.72. The stock’s fifty day moving average is $68.62 and its 200 day moving average is $67.00.

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, topping the consensus estimate of $1.25 by $0.05. The business had revenue of $2.28 billion for 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 firm’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter last year, the business posted $0.92 EPS. Sell-side analysts forecast that Citizens Financial Group, Inc. will post 5.29 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on CFG shares. Stephens boosted their price objective on shares of Citizens Financial Group from $68.00 to $70.00 and gave the company an “equal weight” rating in a report on Friday, July 17th. Citigroup raised their target price on shares of Citizens Financial Group from $78.00 to $84.00 and gave the stock a “buy” rating in a report on Monday, July 20th. Evercore reaffirmed an “outperform” rating and set a $78.00 target price on shares of Citizens Financial Group in a report on Thursday, October 1st. JPMorgan Chase & Co. dropped their price target on shares of Citizens Financial Group from $78.00 to $72.50 and set an “overweight” rating for the company in a research report on Friday, October 2nd. Finally, Royal Bank Of Canada boosted their price target 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. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $79.38.

Citizens Financial Group Company Profile

Citizens Financial Group, Inc is a bank holding company headquartered in Providence, Rhode Island. Its principal subsidiary, Citizens Bank, provides banking and financial services to individuals, families, businesses and institutions through branches, digital channels and other delivery platforms.

The company’s consumer banking activities include checking and savings accounts, residential mortgages, home equity lending, credit cards, personal loans and other lending products. Through its commercial banking operations, Citizens provides business loans, commercial real estate financing, treasury management, capital markets services and other solutions for companies and institutional clients.