Signet Financial Management LLC Sells 10,390 Shares of Citizens Financial Group Inc (NYSE:CFG)

Signet Financial Management LLC decreased its position in shares of Citizens Financial Group Inc (NYSE:CFG) by 7.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 121,094 shares of the bank’s stock after selling 10,390 shares during the quarter. Signet Financial Management LLC’s holdings in Citizens Financial Group were worth $4,563,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Wealthcare Advisory Partners LLC grew its position in Citizens Financial Group by 23,866.7% during the second quarter. Wealthcare Advisory Partners LLC now owns 719 shares of the bank’s stock valued at $25,000 after buying an additional 716 shares during the period. Zions Bancorporation N.A. bought a new position in Citizens Financial Group in the 1st quarter worth $29,000. Oakworth Capital Inc. raised its holdings in Citizens Financial Group by 739.0% in the 2nd quarter. Oakworth Capital Inc. now owns 1,183 shares of the bank’s stock worth $41,000 after purchasing an additional 1,042 shares during the period. Mirova purchased a new position in Citizens Financial Group during the second quarter valued at $50,000. Finally, Institutional & Family Asset Management LLC purchased a new position in Citizens Financial Group during the first quarter valued at $54,000. Hedge funds and other institutional investors own 96.78% of the company’s stock.

NYSE CFG traded down $0.13 on Wednesday, reaching $36.15. The company had a trading volume of 232,881 shares, compared to its average volume of 3,786,053. The stock has a market capitalization of $16.16 billion, a PE ratio of 10.14, a price-to-earnings-growth ratio of 1.72 and a beta of 1.47. Citizens Financial Group Inc has a 12 month low of $27.62 and a 12 month high of $41.27. 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 firm’s 50 day moving average price is $34.19 and its 200 day moving average price is $34.81.

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, beating the Zacks’ consensus estimate of $0.94 by $0.02. The firm 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 quarter last year, the business posted $0.88 earnings per share. On average, research analysts expect that Citizens Financial Group Inc will post 3.82 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Wednesday, July 31st were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 3.98%. The ex-dividend date of this dividend was Tuesday, July 30th. This is a boost from Citizens Financial Group’s previous quarterly dividend of $0.32. Citizens Financial Group’s dividend payout ratio (DPR) is currently 40.45%.

A number of analysts have commented on CFG shares. JPMorgan Chase & Co. reduced 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. UBS Group lowered shares of Citizens Financial Group from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $40.00 to $38.00 in a report on Wednesday, July 10th. Citigroup cut shares of Citizens Financial Group from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $40.00 to $35.00 in a research note on Friday, July 12th. Zacks Investment Research downgraded shares of Citizens Financial Group from a “hold” rating to a “sell” rating and set a $37.00 price target on the stock. in a report on Friday, July 12th. Finally, Argus upgraded shares of 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. Two 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’s stock. The stock has a consensus rating of “Hold” and an average target price of $40.42.

In other news, Director Charles John Koch acquired 15,000 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were acquired at an average cost of $32.45 per share, with a total value of $486,750.00. Following the acquisition, the director now directly owns 68,781 shares of the company’s stock, valued at $2,231,943.45. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.32% of the company’s stock.

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.

Further Reading: Net Margin

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

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