Landscape Capital Management L.L.C. Makes New Investment in Citizens Financial Group, Inc. $CFG

Landscape Capital Management L.L.C. purchased a new stake in Citizens Financial Group, Inc. (NYSE:CFG) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 14,354 shares of the bank’s stock, valued at approximately $1,006,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CFG. University of Texas Texas AM Investment Management Co. acquired a new stake in Citizens Financial Group in the fourth quarter valued at $26,000. Cedar Mountain Advisors LLC purchased 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 in the fourth quarter valued at about $29,000. Activest Wealth Management boosted its holdings in Citizens Financial Group by 5,600.0% during the fourth quarter. Activest Wealth Management now owns 513 shares of the bank’s stock worth $30,000 after buying an additional 504 shares in the last quarter. Finally, Elevation Wealth Partners LLC grew its position in 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 period. Institutional investors and hedge funds own 94.90% of the company’s stock.

Wall Street Analyst Weigh In

CFG has been the topic of several research analyst reports. UBS Group boosted their price target on Citizens Financial Group from $75.00 to $82.00 and gave the stock a “buy” rating in a research note on Tuesday, July 7th. Truist Financial lifted their price objective on Citizens Financial Group from $72.00 to $80.00 and gave the stock a “hold” rating in a report on Tuesday, July 21st. Citigroup upped their target price on Citizens Financial Group from $78.00 to $84.00 and gave the company a “buy” rating in a report on Monday, July 20th. DA Davidson restated a “neutral” rating on shares of Citizens Financial Group in a research report on Friday, August 14th. Finally, Morgan Stanley lifted their price objective on Citizens Financial Group from $73.00 to $79.00 and gave the stock an “overweight” rating in a research report on Monday, June 29th. Sixteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Citizens Financial Group currently has an average rating of “Moderate Buy” and a consensus target price of $79.25.

Citizens Financial Group Price Performance

Shares of NYSE:CFG opened at $69.84 on Monday. The company has a market cap of $29.42 billion, a P/E ratio of 15.15, a P/E/G ratio of 0.53 and a beta of 0.67. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 0.63. Citizens Financial Group, Inc. has a 52 week low of $47.96 and a 52 week high of $75.33. The business has a fifty day simple moving average of $71.15 and a 200-day simple moving average of $65.57.

Citizens Financial Group (NYSE:CFG) last released its earnings results on Thursday, July 16th. The bank reported $1.30 earnings per share for the quarter, topping 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 firm’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.92 earnings per share. Equities research analysts forecast that Citizens Financial Group, Inc. will post 5.3 EPS for the current year.

Citizens Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Thursday, July 30th were issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Thursday, July 30th. Citizens Financial Group’s payout ratio is presently 39.91%.

Insider Transactions at Citizens Financial Group

In related news, CEO Saun Bruce Van sold 129,369 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer owned 1,140,763 shares of the company’s stock, valued at approximately $82,214,789.41. This represents a 10.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.67% of the company’s stock.

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.