Wick Capital Partners LLC Acquires Shares of 26,169 Citizens Financial Group, Inc. $CFG

Wick Capital Partners LLC bought a new position in Citizens Financial Group, Inc. (NYSE:CFG) during the fourth quarter, HoldingsChannel.com reports. The fund bought 26,169 shares of the bank’s stock, valued at approximately $1,529,000.

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Evercore reiterated an “outperform” rating and issued a $75.00 target price on shares of Citizens Financial Group in a report on Tuesday, April 21st. Weiss Ratings upgraded Citizens Financial Group from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 6th. Morgan Stanley lowered their price target on Citizens Financial Group from $80.00 to $73.00 and set an “overweight” rating for the company in a research report on Tuesday, March 31st. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Citizens Financial Group in a research note on Tuesday, June 9th. Finally, Robert W. Baird raised shares of 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. Eighteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $70.88.

Insiders Place Their Bets

In other Citizens Financial Group news, insider Michelle Moosally sold 6,050 shares of the stock in a transaction 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 owned 22,565 shares in the company, valued at $1,402,640.40. This trade represents a 21.14% decrease in their ownership of the stock. 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 insiders.

Citizens Financial Group Stock Up 0.5%

Shares of NYSE:CFG opened at $67.11 on Friday. The firm has a market capitalization of $28.38 billion, a PE ratio of 15.87, a price-to-earnings-growth ratio of 0.53 and a beta of 0.68. The business has a 50 day simple moving average of $64.00 and a two-hundred day simple moving average of $61.75. Citizens Financial Group, Inc. has a 1 year low of $41.37 and a 1 year high of $68.79. 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 (NYSE:CFG) last issued its quarterly earnings results on Thursday, April 16th. The bank reported $1.13 earnings per share for the quarter, topping the consensus estimate 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 prior year, the business posted $0.77 earnings per share. The company’s revenue for the quarter was up 12.0% on a year-over-year basis. On average, equities analysts predict that Citizens Financial Group, Inc. will post 5.2 EPS for the current year.

Citizens Financial Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Thursday, April 30th were given a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Thursday, April 30th. Citizens Financial Group’s dividend payout ratio is 43.50%.

Citizens Financial Group 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.