iSAM Funds UK Ltd Makes New $2.93 Million Investment in Citizens Financial Group, Inc. $CFG

iSAM Funds UK Ltd bought a new position in shares of Citizens Financial Group, Inc. (NYSE:CFG) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 41,800 shares of the bank’s stock, valued at approximately $2,929,000. Citizens Financial Group makes up approximately 2.1% of iSAM Funds UK Ltd’s portfolio, making the stock its 2nd biggest position.

A number of other institutional investors have also recently modified their holdings of the business. Continuum Advisory LLC raised its holdings in Citizens Financial Group by 5.0% in the 2nd quarter. Continuum Advisory LLC now owns 7,298 shares of the bank’s stock worth $511,000 after purchasing an additional 349 shares during the period. Nykredit A S acquired a new stake in Citizens Financial Group in the second quarter valued at approximately $188,380,000. B. Metzler seel. Sohn & Co. AG grew its holdings in Citizens Financial Group by 31.1% in the second quarter. B. Metzler seel. Sohn & Co. AG now owns 62,512 shares of the bank’s stock valued at $4,380,000 after purchasing an additional 14,838 shares during the period. Legacy Financial Advisors Inc. increased its position in shares of Citizens Financial Group by 14.4% in the second quarter. Legacy Financial Advisors Inc. now owns 3,815 shares of the bank’s stock valued at $267,000 after buying an additional 479 shares in the last quarter. Finally, Proficio Capital Partners LLC purchased a new stake in shares of Citizens Financial Group in the second quarter valued at approximately $526,000. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Citizens Financial Group

In other news, CEO Saun Bruce Van sold 129,369 shares of the company’s stock in a transaction on Friday, July 24th. The shares were sold at an average price of $72.07, for a total transaction of $9,323,623.83. Following the completion of the sale, the chief executive officer owned 1,140,763 shares of the company’s stock, valued at $82,214,789.41. This represents a 10.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.67% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently issued reports on CFG shares. Cantor Fitzgerald increased their target price on Citizens Financial Group from $80.00 to $84.00 and gave the company an “overweight” rating in a research report on Wednesday, August 19th. Keefe, Bruyette & Woods boosted their price target on shares of Citizens Financial Group from $75.00 to $90.00 and gave the stock an “outperform” rating in a report on Friday, July 17th. Stephens upped their price objective on shares of Citizens Financial Group from $68.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Friday, July 17th. Evercore reaffirmed an “outperform” rating and set a $80.00 price objective on shares of Citizens Financial Group in a report on Monday, July 6th. Finally, UBS Group lifted their target price on shares of Citizens Financial Group from $75.00 to $82.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. Sixteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Citizens Financial Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $79.25.

Citizens Financial Group Price Performance

Shares of Citizens Financial Group stock opened at $69.74 on Thursday. The stock has a market capitalization of $29.37 billion, a P/E ratio of 15.13, a PEG ratio of 0.62 and a beta of 0.66. The business has a 50 day simple moving average of $71.46 and a two-hundred day simple moving average of $65.73. Citizens Financial Group, Inc. has a 12 month low of $47.96 and a 12 month high of $75.33. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.86 and a quick ratio of 0.85.

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

Citizens Financial Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Thursday, July 30th were paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Thursday, July 30th. Citizens Financial Group’s payout ratio is 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.