Elo Mutual Pension Insurance Co Takes $1.43 Million Position in Citizens Financial Group, Inc. (NYSE:CFG)

Elo Mutual Pension Insurance Co purchased a new position in shares of Citizens Financial Group, Inc. (NYSE:CFG) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 39,539 shares of the bank’s stock, valued at approximately $1,425,000.

Other large investors have also bought and sold shares of the company. Cullen Frost Bankers Inc. raised its position in shares of Citizens Financial Group by 12.7% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 2,344 shares of the bank’s stock worth $84,000 after purchasing an additional 264 shares during the last quarter. Dorsey & Whitney Trust CO LLC lifted its stake in shares of Citizens Financial Group by 3.9% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 8,046 shares of the bank’s stock worth $292,000 after buying an additional 305 shares in the last quarter. Czech National Bank lifted its stake in shares of Citizens Financial Group by 0.5% in the first quarter. Czech National Bank now owns 82,032 shares of the bank’s stock worth $2,977,000 after buying an additional 375 shares in the last quarter. Texas Permanent School Fund Corp grew its holdings in shares of Citizens Financial Group by 0.4% during the first quarter. Texas Permanent School Fund Corp now owns 96,350 shares of the bank’s stock valued at $3,497,000 after buying an additional 382 shares during the last quarter. Finally, Bleakley Financial Group LLC increased its position in shares of Citizens Financial Group by 3.6% during the first quarter. Bleakley Financial Group LLC now owns 11,027 shares of the bank’s stock valued at $400,000 after acquiring an additional 385 shares in the last quarter. 94.90% of the stock is owned by hedge funds and other institutional investors.

Citizens Financial Group Stock Performance

NYSE:CFG opened at $41.65 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.86 and a current ratio of 0.87. The stock has a 50-day simple moving average of $41.13 and a two-hundred day simple moving average of $37.11. The firm has a market capitalization of $18.95 billion, a PE ratio of 15.09, a P/E/G ratio of 1.42 and a beta of 1.08. Citizens Financial Group, Inc. has a 52-week low of $22.77 and a 52-week high of $43.96.

Citizens Financial Group (NYSE:CFG) last released its earnings results on Wednesday, July 17th. The bank reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.01). Citizens Financial Group had a return on equity of 6.21% and a net margin of 10.74%. The firm had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.95 billion. During the same period in the prior year, the company posted $0.92 earnings per share. The company’s revenue was down 6.3% compared to the same quarter last year. Analysts forecast that Citizens Financial Group, Inc. will post 3.24 EPS for the current year.

Citizens Financial Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders 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 annualized dividend and a dividend yield of 4.03%. Citizens Financial Group’s payout ratio is 60.87%.

Insider Activity at Citizens Financial Group

In other Citizens Financial Group news, insider Craig Jack Read sold 3,938 shares of the 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 in the company, valued at approximately $1,454,401.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.62% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Jefferies Financial Group upped their price objective on Citizens Financial Group from $36.00 to $37.00 and gave the company a “hold” rating in a research report on Wednesday, July 3rd. Morgan Stanley upped their price target 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. Stephens lifted their price objective on Citizens Financial Group from $40.00 to $42.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. Evercore ISI upped their target price on shares of Citizens Financial Group from $38.00 to $39.00 and gave the company an “in-line” rating in a research note on Tuesday, June 25th. Finally, Royal Bank of Canada lifted their price target on shares of Citizens Financial Group from $35.00 to $43.00 and gave the stock an “outperform” rating in a research note on Thursday, July 18th. Ten investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $42.20.

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.