Choreo LLC Invests $369,000 in Citizens Financial Group, Inc. (NYSE:CFG)

Choreo LLC bought a new stake in Citizens Financial Group, Inc. (NYSE:CFG) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 10,272 shares of the bank’s stock, valued at approximately $369,000.

A number of other institutional investors also recently added to or reduced their stakes in CFG. Innealta Capital LLC acquired a new stake in shares of Citizens Financial Group in the 2nd quarter valued at $25,000. Versant Capital Management Inc raised its stake in Citizens Financial Group by 262.8% in the second quarter. Versant Capital Management Inc now owns 936 shares of the bank’s stock valued at $34,000 after buying an additional 678 shares in the last quarter. Private Ocean LLC lifted its holdings in Citizens Financial Group by 484.4% during the 2nd quarter. Private Ocean LLC now owns 1,011 shares of the bank’s stock worth $36,000 after buying an additional 838 shares during the last quarter. Quarry LP boosted its position in shares of Citizens Financial Group by 183.1% during the 4th quarter. Quarry LP now owns 1,104 shares of the bank’s stock worth $37,000 after acquiring an additional 714 shares in the last quarter. Finally, Ridgewood Investments LLC purchased a new position in shares of Citizens Financial Group in the 2nd quarter valued at about $48,000. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Evercore ISI upped their price target on Citizens Financial Group from $38.00 to $39.00 and gave the company an “in-line” rating in a report on Tuesday, June 25th. Raymond James began coverage on shares of Citizens Financial Group in a report on Thursday, July 11th. They issued a “market perform” rating for the company. Morgan Stanley lifted their price target on shares of Citizens Financial Group from $41.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Monday, August 5th. UBS Group upped 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. Finally, Keefe, Bruyette & Woods raised their price objective on Citizens Financial Group from $39.00 to $40.00 and gave the stock a “market perform” rating in a report on Tuesday, July 9th. Ten analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Citizens Financial Group has an average rating of “Hold” and an average target price of $42.20.

Citizens Financial Group Stock Up 1.3 %

Shares of NYSE:CFG opened at $40.60 on Tuesday. Citizens Financial Group, Inc. has a fifty-two week low of $22.77 and a fifty-two week high of $43.96. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.60. The firm’s 50-day simple moving average is $40.81 and its 200-day simple moving average is $36.92. The company has a market cap of $18.20 billion, a price-to-earnings ratio of 14.71, a PEG ratio of 1.42 and a beta of 1.08.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings data on Wednesday, July 17th. The bank reported $0.78 EPS 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 firm had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.95 billion. During the same quarter in the previous year, the business earned $0.92 EPS. Citizens Financial Group’s revenue for the quarter was down 6.3% on a year-over-year basis. As a group, equities research analysts predict that Citizens Financial Group, Inc. will post 3.24 earnings per share for the current year.

Citizens Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 14th. Investors of record on Wednesday, July 31st were paid a $0.42 dividend. The ex-dividend date was Wednesday, July 31st. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.14%. Citizens Financial Group’s dividend payout ratio (DPR) is presently 60.87%.

Insider Buying and Selling

In other Citizens Financial Group news, insider Craig Jack Read sold 3,938 shares of the firm’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $43.26, for a total value of $170,357.88. Following the completion of the sale, the insider now owns 33,620 shares of the company’s stock, valued at $1,454,401.20. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.62% of the stock is currently owned by corporate insiders.

Citizens Financial Group Profile

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.