Callan Family Office LLC Buys Shares of 7,656 Citizens Financial Group, Inc. $CFG

Key Points

• Callan Family Office LLC recently purchased 7,656 shares of Citizens Financial Group, valued at approximately $343,000, during the second quarter.
• Citizens Financial Group reported $1.05 earnings per share for the latest quarter, exceeding analysts' estimates, and its revenue increased by 11.4% year-over-year.
• The company has announced a quarterly dividend increase to $0.46, with a dividend yield of 3.6%, set to be paid on November 12th to shareholders of record on October 29th.

Callan Family Office LLC bought a new stake in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 7,656 shares of the bank's stock, valued at approximately $343,000.

Several other institutional investors also recently bought and sold shares of CFG. Farther Finance Advisors LLC grew its position in Citizens Financial Group by 66.9% in the 1st quarter. Farther Finance Advisors LLC now owns 7,532 shares of the bank's stock valued at $306,000 after acquiring an additional 3,018 shares in the last quarter. Brighton Jones LLC acquired a new position in shares of Citizens Financial Group during the first quarter worth about $213,000. Grove Bank & Trust increased its stake in shares of Citizens Financial Group by 97.1% during the first quarter. Grove Bank & Trust now owns 678 shares of the bank's stock worth $28,000 after buying an additional 334 shares during the period. NBT Bank N A NY purchased a new stake in shares of Citizens Financial Group during the first quarter worth approximately $45,000. Finally, Kingswood Wealth Advisors LLC raised its holdings in Citizens Financial Group by 86.1% in the first quarter. Kingswood Wealth Advisors LLC now owns 24,227 shares of the bank's stock valued at $984,000 after acquiring an additional 11,211 shares in the last quarter. 94.90% of the stock is owned by institutional investors and hedge funds.

Citizens Financial Group Price Performance

Shares of NYSE CFG opened at $51.67 on Thursday. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.54. Citizens Financial Group, Inc. has a twelve month low of $32.60 and a twelve month high of $55.24. The stock has a 50 day moving average of $51.29 and a two-hundred day moving average of $45.02. The stock has a market cap of $22.29 billion, a P/E ratio of 15.71, a P/E/G ratio of 0.58 and a beta of 0.79.

Citizens Financial Group (NYSE:CFG - Get Free Report) last issued its quarterly earnings data on Wednesday, October 15th. The bank reported $1.05 earnings per share for the quarter, beating analysts' consensus estimates of $1.03 by $0.02. Citizens Financial Group had a return on equity of 6.94% and a net margin of 13.26%.The company had revenue of $2.12 billion during the quarter, compared to analysts' expectations of $2.10 billion. During the same quarter in the previous year, the business earned $0.79 earnings per share. The firm's revenue for the quarter was up 11.4% on a year-over-year basis. On average, research analysts forecast that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current year.

Citizens Financial Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 12th. Shareholders of record on Wednesday, October 29th will be paid a $0.46 dividend. This is an increase from Citizens Financial Group's previous quarterly dividend of $0.42. This represents a $1.84 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Wednesday, October 29th. Citizens Financial Group's dividend payout ratio (DPR) is presently 51.06%.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Citizens Financial Group in a report on Wednesday, October 8th. Evercore ISI raised their target price on shares of Citizens Financial Group from $57.00 to $61.00 and gave the company an "outperform" rating in a report on Tuesday, September 30th. Keefe, Bruyette & Woods raised shares of Citizens Financial Group from a "market perform" rating to an "outperform" rating and set a $57.00 target price on the stock in a report on Wednesday, July 9th. Raymond James Financial set a $62.00 target price on shares of Citizens Financial Group and gave the company a "strong-buy" rating in a report on Tuesday, October 7th. Finally, Truist Financial raised their target price on shares of Citizens Financial Group from $52.00 to $58.00 and gave the company a "hold" rating in a report on Friday, October 3rd. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $55.86.

Citizens Financial Group Company Profile

Citizens Financial Group, Inc operates as the bank holding company that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, corporations, and institutions in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.

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