Callan Family Office LLC Buys Shares of 24,045 Citizens Financial Group, Inc. $CFG

Callan Family Office LLC purchased a new stake in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 24,045 shares of the bank's stock, valued at approximately $1,685,000.

Other hedge funds have also added to or reduced their stakes in the company. 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 during the first quarter worth $27,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in shares of Citizens Financial Group during the 4th quarter worth about $29,000. Activest Wealth Management increased its position in shares of 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 purchasing an additional 504 shares during the last quarter. Finally, Elevation Wealth Partners LLC increased its holdings in Citizens Financial Group by 319.8% during the second quarter. Elevation Wealth Partners LLC now owns 424 shares of the bank's stock worth $30,000 after buying an additional 323 shares during the last quarter. Institutional investors and hedge funds own 94.90% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Morgan Stanley upped their price objective on Citizens Financial Group from $73.00 to $79.00 and gave the company an "overweight" rating in a research note on Monday, June 29th. Robert W. Baird boosted their price objective on shares of Citizens Financial Group from $72.00 to $75.00 and gave the company a "neutral" rating in a report on Friday, July 17th. Evercore reissued an "outperform" rating and set a $80.00 target price on shares of Citizens Financial Group in a report on Monday, July 6th. Argus set a $80.00 price objective on shares of Citizens Financial Group in a research note on Wednesday, July 29th. 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 note on Thursday, July 16th. Sixteen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $79.25.

Insider Activity at Citizens Financial Group

In other news, CEO Saun Bruce Van sold 129,369 shares of the firm'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 sale, the chief executive officer owned 1,140,763 shares of the company's stock, valued at $82,214,789.41. This trade represents a 10.19% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.67% of the stock is currently owned by company insiders.

Citizens Financial Group Stock Down 0.0%

Shares of NYSE:CFG opened at $69.84 on Monday. The business has a fifty day simple moving average of $71.15 and a 200 day simple moving average of $65.57. 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 firm has a market cap of $29.42 billion, a P/E ratio of 15.15, a P/E/G ratio of 0.53 and a beta of 0.67. Citizens Financial Group, Inc. has a 12-month low of $47.96 and a 12-month high of $75.33.

Citizens Financial Group (NYSE:CFG - Get Free Report) last announced its earnings results on Thursday, July 16th. The bank reported $1.30 EPS for the quarter, beating the consensus estimate of $1.25 by $0.05. Citizens Financial Group had a return on equity of 8.85% and a net margin of 17.18%.The business had revenue of $2.28 billion for the quarter, compared to analysts' expectations of $2.25 billion. During the same period in the prior year, the business posted $0.92 earnings per share. The firm's revenue was up 12.1% on a year-over-year basis. Analysts predict 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 announced a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Thursday, July 30th were given a dividend of $0.46 per share. The ex-dividend date was Thursday, July 30th. This represents a $1.84 annualized dividend and a dividend yield of 2.6%. Citizens Financial Group's dividend payout ratio is presently 39.91%.

Citizens Financial Group 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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