Citizens Financial Group, Inc. $CFG Shares Bought by Capital International Inc. CA

Key Points

• Capital International increased its stake in Citizens Financial Group by 8% in the fourth quarter, ending with 654,571 shares valued at about $38.2 million.
• Citizens Financial Group reported strong quarterly earnings, with EPS of $1.13 beating estimates and revenue of $2.17 billion topping expectations, while revenue rose 12% year over year.
• Analyst sentiment remains constructive, with 19 Buy ratings and a consensus Moderate Buy rating; the average price target is $70.88. The company also paid a quarterly dividend of $0.46 per share, yielding about 2.9%.

Capital International Inc. CA boosted its position in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 8.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 654,571 shares of the bank's stock after buying an additional 48,389 shares during the period. Capital International Inc. CA owned 0.15% of Citizens Financial Group worth $38,233,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Activest Wealth Management grew its stake in shares of Citizens Financial Group by 5,600.0% in the 4th quarter. Activest Wealth Management now owns 513 shares of the bank's stock valued at $30,000 after purchasing an additional 504 shares during the last quarter. Fortitude Family Office LLC grew its stake in shares of Citizens Financial Group by 632.0% in the 4th quarter. Fortitude Family Office LLC now owns 710 shares of the bank's stock valued at $41,000 after purchasing an additional 613 shares during the last quarter. Elyxium Wealth LLC purchased a new position in shares of Citizens Financial Group in the 4th quarter valued at approximately $50,000. State of Wyoming purchased a new position in shares of Citizens Financial Group in the 2nd quarter valued at approximately $39,000. Finally, Quest 10 Wealth Builders Inc. grew its stake in shares of Citizens Financial Group by 261.5% in the 4th quarter. Quest 10 Wealth Builders Inc. now owns 893 shares of the bank's stock valued at $52,000 after purchasing an additional 646 shares during the last quarter. Institutional investors and hedge funds own 94.90% of the company's stock.

Citizens Financial Group Stock Up 0.3%

Citizens Financial Group stock opened at $64.09 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.85 and a quick ratio of 0.84. Citizens Financial Group, Inc. has a 1-year low of $40.17 and a 1-year high of $68.79. The company has a market cap of $27.10 billion, a PE ratio of 15.15, a price-to-earnings-growth ratio of 0.51 and a beta of 0.68. The stock's 50 day moving average price is $62.84 and its 200 day moving average price is $60.81.

Citizens Financial Group (NYSE:CFG - Get Free Report) last posted its quarterly earnings results on Thursday, April 16th. The bank reported $1.13 earnings per share for the quarter, beating analysts' consensus estimates of $1.10 by $0.03. Citizens Financial Group had a return on equity of 8.31% and a net margin of 16.21%.The firm had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.16 billion. During the same period in the previous year, the business earned $0.77 earnings per share. The company's revenue for the quarter was up 12.0% compared to the same quarter last year. On average, sell-side analysts predict that Citizens Financial Group, Inc. will post 5.2 EPS for the current fiscal year.

Citizens Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Thursday, April 30th were paid a $0.46 dividend. The ex-dividend date was Thursday, April 30th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.9%. Citizens Financial Group's payout ratio is 43.50%.

Analyst Ratings Changes

CFG has been the topic of several analyst reports. DA Davidson lifted their target price on Citizens Financial Group from $73.00 to $74.00 and gave the company a "buy" rating in a research note on Monday, April 20th. JPMorgan Chase & Co. lifted their target price on Citizens Financial Group from $68.00 to $68.50 and gave the company an "overweight" rating in a research note on Thursday, April 30th. Robert W. Baird upgraded Citizens Financial Group from a "neutral" rating to an "outperform" rating and set a $65.00 target price on the stock in a research note on Monday, March 9th. Citigroup reiterated a "buy" rating on shares of Citizens Financial Group in a research note on Friday, May 8th. Finally, Morgan Stanley lowered their target price on Citizens Financial Group from $80.00 to $73.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 31st. Nineteen investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Citizens Financial Group has a consensus rating of "Moderate Buy" and a consensus price target of $70.88.

Insider Buying and Selling

In related news, insider Michelle Moosally sold 6,050 shares of Citizens Financial Group stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $62.16, for a total value of $376,068.00. Following the sale, the insider directly owned 22,565 shares in the company, valued at $1,402,640.40. The trade was a 21.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Susan Lamonica sold 13,258 shares of Citizens Financial Group stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $58.04, for a total value of $769,494.32. Following the completion of the sale, the insider owned 165,971 shares in the company, valued at approximately $9,632,956.84. This trade represents a 7.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.67% of the stock is owned by insiders.

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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