De Lisle Partners LLP Acquires New Holdings in Citizens Financial Group, Inc. $CFG

Key Points

• De Lisle Partners LLP acquired 14,863 shares of Citizens Financial Group in the second quarter, valued at approximately $1.04 million. Institutional investors collectively own 94.9% of CFG’s outstanding stock.
• Citizens Financial Group reported quarterly EPS of $1.30, beating estimates by $0.05, while revenue rose 12.1% year over year to $2.28 billion. Analysts expect full-year EPS of approximately $5.30.
• The bank pays a quarterly dividend of $0.46 per share, equivalent to an annualized $1.84 dividend and a 2.6% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $79.25.

De Lisle Partners LLP bought a new stake in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 14,863 shares of the bank's stock, valued at approximately $1,042,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CFG. Geode Capital Management LLC grew its holdings in Citizens Financial Group by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 11,361,142 shares of the bank's stock valued at $661,052,000 after purchasing an additional 32,264 shares during the period. Jupiter Asset Management Ltd. boosted its holdings in shares of Citizens Financial Group by 45.9% in the 4th quarter. Jupiter Asset Management Ltd. now owns 270,484 shares of the bank's stock valued at $15,799,000 after purchasing an additional 85,052 shares during the last quarter. Todd Asset Management LLC boosted its holdings in shares of Citizens Financial Group by 10.6% in the 4th quarter. Todd Asset Management LLC now owns 991,510 shares of the bank's stock valued at $57,914,000 after purchasing an additional 94,774 shares during the last quarter. HighTower Advisors LLC grew its stake in shares of Citizens Financial Group by 51.8% during the 4th quarter. HighTower Advisors LLC now owns 58,648 shares of the bank's stock valued at $3,426,000 after buying an additional 20,008 shares during the period. Finally, Systematic Financial Management LP increased its holdings in shares of Citizens Financial Group by 20.7% during the 4th quarter. Systematic Financial Management LP now owns 100,617 shares of the bank's stock worth $5,877,000 after buying an additional 17,225 shares during the last quarter. Institutional investors and hedge funds own 94.90% of the company's stock.

Citizens Financial Group Trading Down 0.0%

CFG opened at $69.84 on Monday. The firm's 50 day moving average is $71.15 and its 200-day moving average is $65.57. Citizens Financial Group, Inc. has a 52-week low of $47.96 and a 52-week high of $75.33. 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 capitalization 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 (NYSE:CFG - Get Free Report) last released its quarterly earnings results on Thursday, July 16th. The bank reported $1.30 earnings per share 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 business had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.25 billion. During the same period last year, the business earned $0.92 EPS. The business's revenue was up 12.1% on a year-over-year basis. 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 announced 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 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 (DPR) is currently 39.91%.

Insider Buying and Selling at Citizens Financial Group

In other news, CEO Saun Bruce Van 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 sale, the chief executive officer directly owned 1,140,763 shares of the company's stock, valued at approximately $82,214,789.41. The trade was a 10.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.67% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CFG. Weiss Ratings reiterated a "buy (b)" rating on shares of Citizens Financial Group in a report on Monday, August 3rd. Citigroup upped their price target on Citizens Financial Group from $78.00 to $84.00 and gave the stock a "buy" rating in a research note on Monday, July 20th. Royal Bank Of Canada raised their price objective on Citizens Financial Group from $70.00 to $79.00 and gave the stock an "outperform" rating in a report on Friday, July 17th. UBS Group lifted their price objective on Citizens Financial Group from $75.00 to $82.00 and gave the company a "buy" rating in a research note on Tuesday, July 7th. Finally, Barclays boosted their target price on Citizens Financial Group from $77.00 to $81.00 and gave the stock an "overweight" rating in a report on Friday, July 17th. Sixteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus 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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