Citizens Financial Group Inc (NYSE:CFG) Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC increased its holdings in Citizens Financial Group Inc (NYSE:CFG) by 1,576.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 85,099 shares of the bank’s stock after purchasing an additional 80,023 shares during the quarter. SG Americas Securities LLC’s holdings in Citizens Financial Group were worth $3,009,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Zions Bancorporation N.A. purchased a new stake in Citizens Financial Group during the 1st quarter worth approximately $29,000. Liberty Wealth Management LLC purchased a new stake in Citizens Financial Group during the 1st quarter worth approximately $34,000. Institutional & Family Asset Management LLC purchased a new stake in Citizens Financial Group during the 1st quarter worth approximately $54,000. Advisory Services Network LLC increased its stake in Citizens Financial Group by 55.8% during the 1st quarter. Advisory Services Network LLC now owns 1,765 shares of the bank’s stock worth $57,000 after buying an additional 632 shares in the last quarter. Finally, Huntington National Bank increased its stake in Citizens Financial Group by 19.1% during the 1st quarter. Huntington National Bank now owns 2,149 shares of the bank’s stock worth $70,000 after buying an additional 345 shares in the last quarter. 95.21% of the stock is owned by institutional investors.

A number of equities research analysts have recently issued reports on the company. Wedbush set a $39.00 price target on Citizens Financial Group and gave the company a “buy” rating in a research report on Monday, April 22nd. JPMorgan Chase & Co. dropped their price target on Citizens Financial Group from $41.50 to $40.50 and set an “overweight” rating for the company in a research report on Tuesday, July 9th. Citigroup lowered Citizens Financial Group from a “buy” rating to a “neutral” rating and dropped their price target for the company from $40.00 to $35.00 in a research report on Friday, July 12th. Argus upgraded Citizens Financial Group from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a research report on Monday, July 29th. Finally, UBS Group lowered Citizens Financial Group from a “buy” rating to a “neutral” rating and dropped their price target for the company from $40.00 to $38.00 in a research report on Wednesday, July 10th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $40.42.

Shares of Citizens Financial Group stock opened at $32.13 on Wednesday. The stock has a market capitalization of $14.37 billion, a price-to-earnings ratio of 9.03, a price-to-earnings-growth ratio of 1.96 and a beta of 1.45. Citizens Financial Group Inc has a fifty-two week low of $27.62 and a fifty-two week high of $41.76. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 0.55. The stock has a 50 day simple moving average of $35.53.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings data on Friday, July 19th. The bank reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.02. The company had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.62 billion. Citizens Financial Group had a return on equity of 8.94% and a net margin of 22.61%. During the same period in the prior year, the business posted $0.88 earnings per share. Equities research analysts predict that Citizens Financial Group Inc will post 3.83 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 14th. Investors of record on Wednesday, July 31st will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 4.48%. This is a positive change from Citizens Financial Group’s previous quarterly dividend of $0.32. The ex-dividend date is Tuesday, July 30th. Citizens Financial Group’s dividend payout ratio is presently 40.45%.

Citizens Financial Group Profile

Citizens Financial Group, Inc operates as the bank holding company for Citizens Bank, National Association and Citizens Bank of Pennsylvania that provides retail and commercial banking products and services in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.

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Institutional Ownership by Quarter for Citizens Financial Group (NYSE:CFG)

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