Fidelis Capital Partners LLC Buys 1,202 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Fidelis Capital Partners LLC boosted its stake in Citizens Financial Group, Inc. (NYSE:CFG) by 22.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,643 shares of the bank’s stock after purchasing an additional 1,202 shares during the period. Fidelis Capital Partners LLC’s holdings in Citizens Financial Group were worth $255,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Corient Private Wealth LLC boosted its holdings in shares of Citizens Financial Group by 12.5% during the 4th quarter. Corient Private Wealth LLC now owns 70,115 shares of the bank’s stock valued at $2,324,000 after acquiring an additional 7,800 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Citizens Financial Group by 0.6% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 130,675 shares of the bank’s stock valued at $4,331,000 after purchasing an additional 745 shares in the last quarter. US Bancorp DE boosted its stake in shares of Citizens Financial Group by 5.9% during the fourth quarter. US Bancorp DE now owns 32,329 shares of the bank’s stock valued at $1,071,000 after purchasing an additional 1,815 shares in the last quarter. Commerce Bank grew its holdings in shares of Citizens Financial Group by 6.6% during the fourth quarter. Commerce Bank now owns 14,751 shares of the bank’s stock worth $489,000 after purchasing an additional 913 shares during the last quarter. Finally, Hsbc Holdings PLC increased its stake in shares of Citizens Financial Group by 96.3% in the fourth quarter. Hsbc Holdings PLC now owns 2,472,122 shares of the bank’s stock valued at $81,932,000 after buying an additional 1,212,642 shares during the period. Institutional investors and hedge funds own 94.90% of the company’s stock.

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 that occurred 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.62% of the stock is owned by company insiders.

Citizens Financial Group Price Performance

Citizens Financial Group stock opened at $41.04 on Tuesday. The stock has a market capitalization of $18.67 billion, a price-to-earnings ratio of 14.87, a PEG 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. 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’s 50 day moving average price is $41.17 and its two-hundred day moving average price is $37.21.

Citizens Financial Group (NYSE:CFG) last issued 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 company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same period in the prior year, the company earned $0.92 earnings per share. The firm’s revenue was down 6.3% compared to the same quarter last year. On average, equities analysts predict that Citizens Financial Group, Inc. will post 3.24 earnings per share for the current year.

Citizens Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Investors of record on Wednesday, July 31st were given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 4.09%. The ex-dividend date was Wednesday, July 31st. Citizens Financial Group’s payout ratio is 60.87%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Jefferies Financial Group boosted their target price on shares of Citizens Financial Group from $36.00 to $37.00 and gave the stock a “hold” rating in a report on Wednesday, July 3rd. UBS Group boosted their price objective on shares of Citizens Financial Group from $42.00 to $46.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Stephens increased their price objective on Citizens Financial Group from $40.00 to $42.00 and gave the company an “overweight” rating in a report on Friday, July 19th. Raymond James began coverage on Citizens Financial Group in a report on Thursday, July 11th. They set a “market perform” rating on the stock. Finally, The Goldman Sachs Group upped their price target on Citizens Financial Group from $43.00 to $49.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Ten equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Citizens Financial Group currently has a consensus rating of “Hold” and an average price target of $42.20.

About Citizens Financial Group

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.