Corient Capital Partners LLC Makes New $1.30 Million Investment in Citizens Financial Group Inc (NYSE:CFG)

Corient Capital Partners LLC bought a new position in shares of Citizens Financial Group Inc (NYSE:CFG) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 36,773 shares of the bank’s stock, valued at approximately $1,300,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. ZWJ Investment Counsel Inc. grew its holdings in shares of Citizens Financial Group by 107.3% in the 1st quarter. ZWJ Investment Counsel Inc. now owns 379,327 shares of the bank’s stock valued at $12,328,000 after buying an additional 196,319 shares during the period. Creative Planning grew its holdings in shares of Citizens Financial Group by 2.9% in the 2nd quarter. Creative Planning now owns 24,728 shares of the bank’s stock valued at $874,000 after buying an additional 690 shares during the period. Thor Advisors LLC acquired a new position in shares of Citizens Financial Group in the 1st quarter valued at $72,000. Ontario Teachers Pension Plan Board grew its holdings in shares of Citizens Financial Group by 169.3% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 21,325 shares of the bank’s stock valued at $693,000 after buying an additional 13,405 shares during the period. Finally, Amundi Pioneer Asset Management Inc. grew its holdings in shares of Citizens Financial Group by 2.8% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 567,631 shares of the bank’s stock valued at $18,448,000 after buying an additional 15,663 shares during the period. 96.78% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Charles John Koch bought 15,000 shares of the firm’s stock in a transaction on Tuesday, August 20th. The shares were bought at an average price of $32.45 per share, for a total transaction of $486,750.00. Following the purchase, the director now owns 68,781 shares in the company, valued at $2,231,943.45. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.32% of the stock is currently owned by company insiders.

A number of equities analysts recently weighed in on the stock. Argus raised shares of Citizens Financial Group from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research note on Monday, July 29th. Zacks Investment Research lowered shares of Citizens Financial Group from a “hold” rating to a “sell” rating and set a $37.00 price target on the stock. in a research note on Friday, July 12th. JPMorgan Chase & Co. decreased their target price on shares of Citizens Financial Group from $41.50 to $40.50 and set an “overweight” rating on the stock in a research report on Tuesday, July 9th. UBS Group lowered shares of Citizens Financial Group from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $40.00 to $38.00 in a research report on Wednesday, July 10th. Finally, Citigroup downgraded shares of Citizens Financial Group from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $40.00 to $35.00 in a research note on Friday, July 12th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company. Citizens Financial Group presently has a consensus rating of “Hold” and an average target price of $40.42.

NYSE:CFG opened at $36.37 on Friday. Citizens Financial Group Inc has a 52 week low of $27.62 and a 52 week high of $41.17. The company has a fifty day moving average of $34.17 and a 200 day moving average of $34.80. The firm has a market capitalization of $16.26 billion, a P/E ratio of 10.22, a P/E/G ratio of 1.75 and a beta of 1.47. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 0.55.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings data on Friday, July 19th. The bank reported $0.96 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.02. Citizens Financial Group had a net margin of 22.61% and a return on equity of 8.94%. The firm had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.62 billion. During the same quarter in the prior year, the business earned $0.88 EPS. As a group, analysts anticipate that Citizens Financial Group Inc will post 3.82 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Wednesday, July 31st were paid a dividend of $0.36 per share. This is a boost from Citizens Financial Group’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Tuesday, July 30th. This represents a $1.44 dividend on an annualized basis and a yield of 3.96%. Citizens Financial Group’s dividend payout ratio (DPR) is presently 40.45%.

Citizens Financial Group Profile

Citizens Financial Group, Inc operates as the bank holding company for Citizens Bank, National Association and Citizens Bank of Pennsylvania that provides retail and commercial banking products and services in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.

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Institutional Ownership by Quarter for Citizens Financial Group (NYSE:CFG)

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