Axa S.A. Acquires 16,338 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Axa S.A. raised its holdings in Citizens Financial Group, Inc. (NYSE:CFG) by 113.3% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 30,763 shares of the bank’s stock after acquiring an additional 16,338 shares during the quarter. Axa S.A.’s holdings in Citizens Financial Group were worth $1,108,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of CFG. Abich Financial Wealth Management LLC raised its position in Citizens Financial Group by 11.5% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 3,250 shares of the bank’s stock worth $117,000 after purchasing an additional 334 shares during the last quarter. Caxton Associates LP acquired a new stake in shares of Citizens Financial Group in the second quarter valued at about $2,343,000. Point72 Asia Singapore Pte. Ltd. increased its stake in shares of Citizens Financial Group by 135.5% in the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 41,452 shares of the bank’s stock valued at $1,494,000 after buying an additional 23,849 shares during the period. Point72 Hong Kong Ltd raised its position in shares of Citizens Financial Group by 2,800.3% during the second quarter. Point72 Hong Kong Ltd now owns 102,846 shares of the bank’s stock worth $3,706,000 after acquiring an additional 99,300 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in shares of Citizens Financial Group by 57.7% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 87,803 shares of the bank’s stock worth $3,164,000 after acquiring an additional 32,116 shares during the period. Institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Stock Down 2.8 %

Citizens Financial Group stock opened at $39.91 on Wednesday. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.60. The firm’s fifty day moving average price is $41.12 and its two-hundred day moving average price is $37.49. The firm has a market capitalization of $18.16 billion, a price-to-earnings ratio of 14.46, a price-to-earnings-growth ratio of 1.43 and a beta of 1.08. Citizens Financial Group, Inc. has a 1-year low of $22.77 and a 1-year high of $43.96.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings results on Wednesday, July 17th. The bank reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.01). The company had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.95 billion. Citizens Financial Group had a net margin of 10.74% and a return on equity of 6.21%. Citizens Financial Group’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.92 EPS. On average, equities research analysts predict that Citizens Financial Group, Inc. will post 3.24 earnings per share for the current fiscal year.

Citizens Financial Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 14th. Investors of record on Wednesday, July 31st were issued a dividend of $0.42 per share. The ex-dividend date was Wednesday, July 31st. This represents a $1.68 annualized dividend and a yield of 4.21%. Citizens Financial Group’s dividend payout ratio (DPR) is currently 60.87%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Morgan Stanley raised 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 report on Monday, August 5th. DA Davidson boosted their target price on shares of Citizens Financial Group from $41.00 to $46.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Evercore ISI increased their price target on Citizens Financial Group from $38.00 to $39.00 and gave the stock an “in-line” rating in a report on Tuesday, June 25th. UBS Group lifted their price objective on Citizens Financial Group from $42.00 to $46.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Finally, Piper Sandler upped their target price on Citizens Financial Group from $45.00 to $48.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. Ten investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $42.60.

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 on Thursday, July 25th. The shares were 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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.