2,484,768 Shares in Citizens Financial Group, Inc. $CFG Bought by Deutsche Bank AG

Deutsche Bank AG purchased a new position in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,484,768 shares of the bank's stock, valued at approximately $174,108,000. Deutsche Bank AG owned 0.59% of Citizens Financial Group as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in CFG. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Citizens Financial Group during the fourth quarter worth about $26,000. Cedar Mountain Advisors LLC acquired a new position in Citizens Financial Group in the 1st quarter worth approximately $27,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in Citizens Financial Group during the 4th quarter worth approximately $29,000. Activest Wealth Management raised its position in Citizens Financial Group by 5,600.0% during the 4th quarter. Activest Wealth Management now owns 513 shares of the bank's stock worth $30,000 after buying an additional 504 shares during the last quarter. Finally, Elevation Wealth Partners LLC lifted its stake in Citizens Financial Group by 319.8% during the 2nd 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. Hedge funds and other institutional investors own 94.90% of the company's stock.

Citizens Financial Group Stock Down 1.2%

CFG opened at $73.45 on Wednesday. Citizens Financial Group, Inc. has a fifty-two week low of $47.96 and a fifty-two week high of $75.33. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.85 and a current ratio of 0.86. The company has a fifty day moving average of $70.92 and a two-hundred day moving average of $65.43. The stock has a market capitalization of $30.94 billion, a price-to-earnings ratio of 15.93, a PEG ratio of 0.57 and a beta of 0.67.

Citizens Financial Group (NYSE:CFG - Get Free Report) last posted its 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. 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 for the quarter, compared to analyst estimates of $2.25 billion. During the same period in the prior year, the company posted $0.92 EPS. The company's revenue for the quarter was up 12.1% on a year-over-year basis. On average, research analysts expect that Citizens Financial Group, Inc. will post 5.3 earnings per share for the current year.

Citizens Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Thursday, July 30th were issued a $0.46 dividend. The ex-dividend date of this dividend was Thursday, July 30th. This represents a $1.84 dividend on an annualized basis and a yield of 2.5%. Citizens Financial Group's dividend payout ratio is presently 39.91%.

Analyst Ratings Changes

Several research analysts recently issued reports on CFG shares. Cantor Fitzgerald raised their target price on shares of Citizens Financial Group from $75.00 to $80.00 and gave the stock an "overweight" rating in a report on Wednesday, July 15th. Keefe, Bruyette & Woods increased their price target on Citizens Financial Group from $75.00 to $90.00 and gave the stock an "outperform" rating in a research report on Friday, July 17th. Royal Bank Of Canada boosted their price objective on Citizens Financial Group from $70.00 to $79.00 and gave the company an "outperform" rating in a report on Friday, July 17th. Evercore restated an "outperform" rating and issued a $80.00 target price on shares of Citizens Financial Group in a research note on Monday, July 6th. Finally, JPMorgan Chase & Co. lifted their price target on Citizens Financial Group from $76.00 to $78.00 and gave the company an "overweight" rating in a research report on Wednesday, July 29th. Sixteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $79.05.

Insiders Place Their Bets

In other Citizens Financial Group news, CEO Saun Bruce Van sold 129,369 shares of the 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 owned 1,140,763 shares in the company, valued at approximately $82,214,789.41. This represents a 10.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.67% of the company's stock.

Citizens Financial Group Company Profile

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.

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