Citizens Financial Group, Inc. (NYSE:CFG) Shares Acquired by XTX Topco Ltd

XTX Topco Ltd lifted its stake in Citizens Financial Group, Inc. (NYSE:CFG) by 146.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 52,917 shares of the bank’s stock after purchasing an additional 31,423 shares during the period. XTX Topco Ltd’s holdings in Citizens Financial Group were worth $1,907,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Seven Eight Capital LP acquired a new stake in Citizens Financial Group in the 2nd quarter valued at about $1,685,000. Hsbc Holdings PLC increased its stake in shares of Citizens Financial Group by 1.7% during the second quarter. Hsbc Holdings PLC now owns 2,764,090 shares of the bank’s stock worth $99,448,000 after buying an additional 45,038 shares during the period. Elo Mutual Pension Insurance Co purchased a new stake in shares of Citizens Financial Group during the second quarter worth approximately $1,425,000. Vanguard Personalized Indexing Management LLC raised its holdings in Citizens Financial Group by 22.2% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 54,203 shares of the bank’s stock valued at $1,953,000 after acquiring an additional 9,850 shares in the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. lifted its stake in Citizens Financial Group by 3.0% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 15,778 shares of the bank’s stock worth $568,000 after acquiring an additional 458 shares during the last quarter. 94.90% of the stock is owned by institutional investors and hedge funds.

Citizens Financial Group Stock Performance

Shares of Citizens Financial Group stock opened at $42.21 on Friday. The firm’s fifty day simple moving average is $41.06 and its 200-day simple moving average is $37.04. Citizens Financial Group, Inc. has a 12 month low of $22.77 and a 12 month high of $43.96. The stock has a market capitalization of $19.21 billion, a price-to-earnings ratio of 15.29, a PEG ratio of 1.42 and a beta of 1.08. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.87 and a quick ratio of 0.86.

Citizens Financial Group (NYSE:CFG) last posted 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 business had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.95 billion. During the same quarter in the prior year, the firm posted $0.92 earnings per share. The company’s revenue for the quarter was down 6.3% compared to the same quarter last year. As a group, equities analysts forecast that Citizens Financial Group, Inc. will post 3.24 earnings per share for the current year.

Citizens Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Wednesday, July 31st were given a dividend of $0.42 per share. The ex-dividend date was Wednesday, July 31st. This represents a $1.68 dividend on an annualized basis and a yield of 3.98%. Citizens Financial Group’s payout ratio is 60.87%.

Analysts Set New Price Targets

A number of brokerages have commented on CFG. Raymond James started coverage on shares of Citizens Financial Group in a research report on Thursday, July 11th. They issued a “market perform” rating on the stock. Morgan Stanley increased their target price on Citizens Financial Group from $41.00 to $50.00 and gave the company an “equal weight” rating in a report on Monday, August 5th. DA Davidson lifted their price target on Citizens Financial Group from $41.00 to $46.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Keefe, Bruyette & Woods upped their price objective on Citizens Financial Group from $39.00 to $40.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 9th. Finally, Royal Bank of Canada raised their target price on Citizens Financial Group from $35.00 to $43.00 and gave the stock an “outperform” rating in a research report on Thursday, July 18th. Ten analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $42.20.

Insider Buying and Selling at Citizens Financial Group

In other news, insider Craig Jack Read sold 3,938 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $43.26, for a total transaction of $170,357.88. Following the completion of the sale, the insider now owns 33,620 shares in the company, valued at $1,454,401.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.62% of the company’s stock.

Citizens Financial Group Company 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.