Citizens Financial Group, Inc. $CFG Shares Bought by Sei Investments Co.

Sei Investments Co. lifted its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 6.7% during the first quarter, Holdings Channel.com reports. The firm owned 349,068 shares of the bank’s stock after acquiring an additional 21,987 shares during the period. Sei Investments Co.’s holdings in Citizens Financial Group were worth $20,937,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of CFG. Parallel Advisors LLC grew its position in Citizens Financial Group by 2.9% in the 4th quarter. Parallel Advisors LLC now owns 6,078 shares of the bank’s stock valued at $355,000 after buying an additional 172 shares in the last quarter. AA Financial Advisors LLC raised its position in shares of Citizens Financial Group by 3.9% during the 4th quarter. AA Financial Advisors LLC now owns 4,657 shares of the bank’s stock worth $272,000 after buying an additional 174 shares in the last quarter. Inscription Capital LLC raised its position in shares of Citizens Financial Group by 1.6% during the 4th quarter. Inscription Capital LLC now owns 10,902 shares of the bank’s stock worth $637,000 after buying an additional 175 shares in the last quarter. Clear Harbor Asset Management LLC lifted its stake in shares of Citizens Financial Group by 0.9% in the 4th quarter. Clear Harbor Asset Management LLC now owns 19,694 shares of the bank’s stock worth $1,150,000 after acquiring an additional 175 shares during the period. Finally, MGO One Seven LLC lifted its stake in shares of Citizens Financial Group by 3.7% in the 4th quarter. MGO One Seven LLC now owns 5,270 shares of the bank’s stock worth $308,000 after acquiring an additional 187 shares during the period. Institutional investors and hedge funds own 94.90% of the company’s stock.

Analysts Set New Price Targets

CFG has been the subject of several recent analyst reports. Evercore reiterated an “outperform” rating and issued a $80.00 price objective on shares of Citizens Financial Group in a report on Monday, July 6th. Stephens boosted their target price on Citizens Financial Group from $68.00 to $70.00 and gave the stock an “equal weight” rating in a report on Friday, July 17th. UBS Group upped their target price on Citizens Financial Group from $75.00 to $82.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Morgan Stanley increased their price target on Citizens Financial Group from $73.00 to $79.00 and gave the company an “overweight” rating in a research note on Monday, June 29th. Finally, Keefe, Bruyette & Woods lifted their price target on Citizens Financial Group from $75.00 to $90.00 and gave the company an “outperform” rating in a research report on Friday, July 17th. Seventeen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $78.55.

Citizens Financial Group Price Performance

Shares of NYSE CFG opened at $72.91 on Wednesday. Citizens Financial Group, Inc. has a twelve month low of $45.90 and a twelve month high of $74.70. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.63. The firm has a 50-day moving average of $67.91 and a two-hundred day moving average of $64.22. The company has a market capitalization of $30.83 billion, a price-to-earnings ratio of 15.82, a PEG ratio of 0.54 and a beta of 0.67.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings data on Thursday, July 16th. The bank reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $2.28 billion for the quarter, compared to analysts’ expectations of $2.25 billion. During the same quarter in the previous year, the company posted $0.92 EPS. The business’s revenue was up 12.1% compared to the same quarter last year. As a group, analysts expect that Citizens Financial Group, Inc. will post 5.3 earnings per share for the current fiscal year.

Citizens Financial Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 13th. Investors of record on Thursday, July 30th will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Thursday, July 30th. Citizens Financial Group’s dividend payout ratio (DPR) is presently 39.91%.

Insider Buying and Selling

In other Citizens Financial Group news, insider Michelle Moosally sold 6,050 shares of the company’s 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 transaction, the insider owned 22,565 shares of the company’s stock, valued at approximately $1,402,640.40. This represents a 21.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Saun Bruce Van sold 129,369 shares of the stock in a transaction on Friday, July 24th. The shares were sold at an average price of $72.07, for a total value of $9,323,623.83. Following the sale, the chief executive officer owned 1,140,763 shares of the company’s stock, valued at $82,214,789.41. This trade represents a 10.19% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.67% of the company’s stock.

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.