GTS Securities LLC Has $200,000 Stock Position in Citizens Financial Group, Inc. $CFG

GTS Securities LLC lowered its position in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 72.2% in the second quarter, HoldingsChannel reports. The fund owned 2,857 shares of the bank’s stock after selling 7,425 shares during the period. GTS Securities LLC’s holdings in Citizens Financial Group were worth $200,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. University of Texas Texas AM Investment Management Co. bought a new stake in Citizens Financial Group during the 4th quarter worth about $26,000. Cedar Mountain Advisors LLC bought a new position in shares of Citizens Financial Group in the 1st quarter valued at about $27,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in shares of Citizens Financial Group during the 4th quarter worth approximately $29,000. Elevation Wealth Partners LLC raised its stake in shares of Citizens Financial Group by 319.8% during the second quarter. Elevation Wealth Partners LLC now owns 424 shares of the bank’s stock worth $30,000 after buying an additional 323 shares during the last quarter. Finally, Virtus Advisers LLC acquired a new position in Citizens Financial Group in the second quarter valued at approximately $35,000. Institutional investors own 94.90% of the company’s stock.

Analysts Set New Price Targets

CFG has been the subject of a number of analyst reports. Stephens lifted their target price on shares of Citizens Financial Group from $68.00 to $70.00 and gave the stock an “equal weight” rating in a report on Friday, July 17th. Weiss Ratings reissued a “buy (b)” rating on shares of Citizens Financial Group in a research note on Monday, August 3rd. Jefferies Financial Group raised their price target on Citizens Financial Group from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, July 16th. Argus set a $80.00 price objective on Citizens Financial Group in a research note on Wednesday, July 29th. Finally, Royal Bank Of Canada upped their price objective on Citizens Financial Group from $70.00 to $79.00 and gave the company an “outperform” rating in a report on Friday, July 17th. Sixteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $79.25.

Insider Transactions at Citizens Financial Group

In other Citizens Financial Group news, CEO Saun Bruce Van sold 129,369 shares of the business’s stock in a transaction that occurred on Friday, July 24th. The stock was 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 in the company, valued at approximately $82,214,789.41. The trade was a 10.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.67% of the company’s stock.

Citizens Financial Group Price Performance

Shares of NYSE CFG opened at $68.95 on Tuesday. The company has a fifty day moving average price of $71.48 and a 200 day moving average price of $65.68. The firm has a market cap of $29.04 billion, a PE ratio of 14.96, a PEG ratio of 0.53 and a beta of 0.67. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.63. Citizens Financial Group, Inc. has a 1-year low of $47.96 and a 1-year high of $75.33.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings results on Thursday, July 16th. The bank reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.05. The firm had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.25 billion. Citizens Financial Group had a return on equity of 8.85% and a net margin of 17.18%.The company’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter last year, the business posted $0.92 EPS. Research analysts predict that Citizens Financial Group, Inc. will post 5.3 earnings per share for the current fiscal year.

Citizens Financial Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Thursday, July 30th were issued a dividend of $0.46 per share. The ex-dividend date was Thursday, July 30th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.7%. Citizens Financial Group’s dividend payout ratio (DPR) is presently 39.91%.

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.