Citizens Financial Group, Inc. (NYSE:CFG) Shares Bought by Mesirow Institutional Investment Management Inc.

Mesirow Institutional Investment Management Inc. grew its position in Citizens Financial Group, Inc. (NYSE:CFG) by 94.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 64,966 shares of the bank’s stock after purchasing an additional 31,596 shares during the quarter. Mesirow Institutional Investment Management Inc.’s holdings in Citizens Financial Group were worth $2,341,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in Citizens Financial Group by 35.9% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 78,203 shares of the bank’s stock valued at $2,838,000 after purchasing an additional 20,649 shares in the last quarter. Canada Pension Plan Investment Board increased its position in shares of Citizens Financial Group by 101.6% in the 1st quarter. Canada Pension Plan Investment Board now owns 761,679 shares of the bank’s stock valued at $27,641,000 after acquiring an additional 383,947 shares during the period. Hsbc Holdings PLC raised its stake in Citizens Financial Group by 96.3% in the 4th quarter. Hsbc Holdings PLC now owns 2,472,122 shares of the bank’s stock worth $81,932,000 after acquiring an additional 1,212,642 shares during the last quarter. Duality Advisers LP purchased a new stake in Citizens Financial Group during the 1st quarter valued at about $1,180,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Citizens Financial Group during the fourth quarter worth about $5,965,000. 94.90% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CFG has been the subject of several research reports. UBS Group lifted their price objective on shares of Citizens Financial Group from $42.00 to $46.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Evercore ISI boosted their target price on shares of Citizens Financial Group from $38.00 to $39.00 and gave the company an “in-line” rating in a research report on Tuesday, June 25th. Piper Sandler upped their price target on shares of Citizens Financial Group from $45.00 to $48.00 and gave the company an “overweight” rating in a report on Friday, July 26th. DA Davidson lifted their price objective on Citizens Financial Group from $41.00 to $46.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Finally, The Goldman Sachs Group upped their target price on Citizens Financial Group from $43.00 to $49.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Ten research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $42.20.

Insider Activity at Citizens Financial Group

In related news, insider Craig Jack Read sold 3,938 shares of Citizens Financial Group stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $43.26, for a total value of $170,357.88. Following the completion of the transaction, the insider now owns 33,620 shares in the company, valued at $1,454,401.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.62% of the stock is currently owned by company insiders.

Citizens Financial Group Stock Down 1.6 %

Shares of NYSE:CFG opened at $41.97 on Thursday. The business has a 50-day moving average price of $40.05 and a 200 day moving average price of $36.35. Citizens Financial Group, Inc. has a 12-month low of $22.77 and a 12-month high of $43.96. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $19.10 billion, a price-to-earnings ratio of 15.21, a PEG ratio of 1.54 and a beta of 1.10.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings results on Wednesday, July 17th. The bank reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.01). Citizens Financial Group had a net margin of 10.74% and a return on equity of 6.21%. The company had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same quarter in the prior year, the business earned $0.92 earnings per share. Citizens Financial Group’s revenue was down 6.3% on a year-over-year basis. Sell-side analysts expect that Citizens Financial Group, Inc. will post 3.24 EPS for the current year.

Citizens Financial Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Investors of record on Wednesday, July 31st were issued a $0.42 dividend. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $1.68 annualized dividend and a dividend yield of 4.00%. Citizens Financial Group’s dividend payout ratio is presently 60.87%.

About Citizens Financial Group

Citizens Financial Group, Inc operates as the bank holding company that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, corporations, and institutions in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.