Citizens Financial Group, Inc. $CFG Shares Acquired by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG boosted its stake in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 31.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,512 shares of the bank's stock after acquiring an additional 14,838 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in Citizens Financial Group were worth $4,380,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. University of Texas Texas AM Investment Management Co. bought a new position in Citizens Financial Group in the fourth quarter worth about $26,000. Cedar Mountain Advisors LLC bought a new stake in shares of Citizens Financial Group in the 1st quarter worth approximately $27,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in Citizens Financial Group during the 4th quarter valued at approximately $29,000. Elevation Wealth Partners LLC grew 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 worth $30,000 after buying an additional 323 shares during the last quarter. Finally, DV Equities LLC bought a new position in Citizens Financial Group during the 4th quarter worth $35,000. 94.90% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Bruce Van Saun sold 129,369 shares of Citizens Financial Group stock in a transaction dated 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 completion of the sale, the chief executive officer directly owned 1,140,763 shares in the company, valued at $82,214,789.41. The trade was a 10.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.67% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Barclays upped their price target on shares of Citizens Financial Group from $77.00 to $81.00 and gave the stock an "overweight" rating in a research report on Friday, July 17th. Keefe, Bruyette & Woods boosted their target price on shares of Citizens Financial Group from $75.00 to $90.00 and gave the company an "outperform" rating in a research note on Friday, July 17th. Jefferies Financial Group upped their target price on shares of Citizens Financial Group from $85.00 to $90.00 and gave the stock a "buy" rating in a research report on Thursday, July 16th. Evercore reaffirmed an "outperform" rating and set a $80.00 price target on shares of Citizens Financial Group in a report on Monday, July 6th. Finally, Morgan Stanley boosted their price objective on Citizens Financial Group from $73.00 to $79.00 and gave the stock an "overweight" rating in a research report on Monday, June 29th. Sixteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $79.25.

Citizens Financial Group Price Performance

Shares of CFG opened at $70.81 on Friday. The business's 50-day moving average is $71.48 and its 200-day moving average is $65.80. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.86 and a quick ratio of 0.85. The company has a market capitalization of $29.82 billion, a price-to-earnings ratio of 15.36, a P/E/G ratio of 0.64 and a beta of 0.66. Citizens Financial Group, Inc. has a fifty-two week low of $47.96 and a fifty-two week high of $75.33.

Citizens Financial Group (NYSE:CFG - Get Free Report) last announced its quarterly earnings data on Thursday, July 16th. The bank reported $1.30 EPS for the quarter, beating analysts' consensus estimates 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 firm had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.25 billion. During the same period in the previous year, the firm posted $0.92 earnings per share. The firm's revenue was up 12.1% on a year-over-year basis. 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 company also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Thursday, July 30th were paid a dividend of $0.46 per share. The ex-dividend date of this dividend was Thursday, July 30th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.6%. Citizens Financial Group's dividend payout ratio (DPR) is 39.91%.

About Citizens Financial Group

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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