Ceredex Value Advisors LLC Invests $25.03 Million in Citizens Financial Group, Inc. $CFG

Ceredex Value Advisors LLC acquired a new stake in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 357,200 shares of the bank's stock, valued at approximately $25,029,000. Ceredex Value Advisors LLC owned 0.08% of Citizens Financial Group as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in CFG. Elevation Wealth Partners LLC increased its holdings in shares of Citizens Financial Group by 319.8% in 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. University of Texas Texas AM Investment Management Co. purchased a new position in shares of Citizens Financial Group in the 4th quarter valued at approximately $26,000. Cedar Mountain Advisors LLC purchased a new stake in shares of Citizens Financial Group during the first quarter valued at $27,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in Citizens Financial Group during the 4th quarter valued at about $29,000. Finally, Activest Wealth Management boosted its position in Citizens Financial Group by 5,600.0% in the fourth quarter. Activest Wealth Management now owns 513 shares of the bank's stock valued at $30,000 after buying an additional 504 shares during the last quarter. 94.90% of the stock is currently owned by institutional investors.

Citizens Financial Group Trading Down 1.4%

CFG opened at $69.77 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.85 and a current ratio of 0.86. Citizens Financial Group, Inc. has a one year low of $47.96 and a one year high of $75.33. The business's 50-day simple moving average is $71.10 and its 200-day simple moving average is $65.53. The company has a market cap of $29.39 billion, a P/E ratio of 15.13, a PEG ratio of 0.54 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 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 during the quarter, compared to the consensus estimate of $2.25 billion. During the same period in the previous year, the business earned $0.92 EPS. The business's quarterly revenue was up 12.1% on a year-over-year basis. As a group, equities research analysts expect that Citizens Financial Group, Inc. will post 5.3 EPS for the current fiscal year.

Citizens Financial Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Thursday, July 30th were issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Thursday, July 30th. Citizens Financial Group's dividend payout ratio is currently 39.91%.

Insider Buying and Selling at Citizens Financial Group

In related news, CEO Saun Bruce Van sold 129,369 shares of the firm's stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $72.07, for a total value of $9,323,623.83. Following the completion of the transaction, the chief executive officer directly 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.67% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Jefferies Financial Group lifted their price objective on Citizens Financial Group from $85.00 to $90.00 and gave the company a "buy" rating in a research note on Thursday, July 16th. Weiss Ratings reiterated a "buy (b)" rating on shares of Citizens Financial Group in a research report on Monday, August 3rd. Evercore reiterated an "outperform" rating and set a $80.00 price target on shares of Citizens Financial Group in a research report on Monday, July 6th. Argus set a $80.00 price objective on shares of Citizens Financial Group in a report on Wednesday, July 29th. Finally, Stephens boosted their price target on shares of Citizens Financial Group from $68.00 to $70.00 and gave the company an "equal weight" rating in a research report on Friday, July 17th. Sixteen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $79.25.

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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