Global Retirement Partners LLC Has $1.44 Million Stock Holdings in Citizens Financial Group, Inc. $CFG

Global Retirement Partners LLC lifted its position in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 585.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,673 shares of the bank’s stock after purchasing an additional 21,076 shares during the period. Global Retirement Partners LLC’s holdings in Citizens Financial Group were worth $1,441,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of CFG. NewEdge Advisors LLC increased its stake in shares of Citizens Financial Group by 2.4% during the 1st quarter. NewEdge Advisors LLC now owns 11,531 shares of the bank’s stock worth $472,000 after purchasing an additional 274 shares during the last quarter. Empowered Funds LLC increased its stake in shares of Citizens Financial Group by 6.7% during the 1st quarter. Empowered Funds LLC now owns 8,838 shares of the bank’s stock worth $362,000 after purchasing an additional 554 shares during the last quarter. Woodline Partners LP increased its stake in shares of Citizens Financial Group by 39.5% during the 1st quarter. Woodline Partners LP now owns 36,932 shares of the bank’s stock worth $1,513,000 after purchasing an additional 10,466 shares during the last quarter. Sivia Capital Partners LLC increased its stake in shares of Citizens Financial Group by 93.4% during the 2nd quarter. Sivia Capital Partners LLC now owns 9,814 shares of the bank’s stock worth $439,000 after purchasing an additional 4,739 shares during the last quarter. Finally, Daiwa Securities Group Inc. increased its stake in shares of Citizens Financial Group by 5.2% during the 2nd quarter. Daiwa Securities Group Inc. now owns 65,564 shares of the bank’s stock worth $2,934,000 after purchasing an additional 3,225 shares during the last quarter. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Citizens Financial Group news, insider Susan Lamonica sold 13,258 shares of the stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $58.04, for a total transaction of $769,494.32. Following the transaction, the insider owned 165,971 shares in the company, valued at $9,632,956.84. This represents a 7.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Michelle Moosally sold 6,050 shares of the stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $62.16, for a total transaction of $376,068.00. Following the transaction, the insider owned 22,565 shares in the company, valued at approximately $1,402,640.40. The trade was a 21.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.67% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on CFG shares. Royal Bank Of Canada upped their price target on shares of Citizens Financial Group from $67.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, April 17th. JPMorgan Chase & Co. upped their price target on shares of Citizens Financial Group from $68.00 to $68.50 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Citigroup reiterated a “buy” rating on shares of Citizens Financial Group in a research note on Friday, May 8th. Weiss Ratings upgraded shares of Citizens Financial Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, May 6th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Citizens Financial Group from $70.00 to $72.00 and gave the company an “outperform” rating in a research note on Friday, April 17th. Nineteen investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $70.88.

Citizens Financial Group Stock Up 0.1%

Shares of CFG opened at $62.93 on Monday. Citizens Financial Group, Inc. has a 52 week low of $38.80 and a 52 week high of $68.79. The firm has a market cap of $26.61 billion, a P/E ratio of 14.88, a price-to-earnings-growth ratio of 0.50 and a beta of 0.70. The firm’s 50-day simple moving average is $61.76 and its 200 day simple moving average is $60.10. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.84 and a current ratio of 0.85.

Citizens Financial Group (NYSE:CFG) last announced its earnings results on Thursday, April 16th. The bank reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.03. Citizens Financial Group had a net margin of 16.21% and a return on equity of 8.31%. The firm had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.16 billion. During the same quarter in the prior year, the business posted $0.77 EPS. The business’s revenue was up 12.0% compared to the same quarter last year. On average, analysts forecast that Citizens Financial Group, Inc. will post 5.19 earnings per share for the current year.

Citizens Financial Group Dividend Announcement

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

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.