CVA Family Office LLC Invests $40,000 in Citizens Financial Group, Inc. (NYSE:CFG)

CVA Family Office LLC acquired a new position in Citizens Financial Group, Inc. (NYSE:CFG) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,210 shares of the bank’s stock, valued at approximately $40,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CFG. Raymond James & Associates boosted its holdings in shares of Citizens Financial Group by 19.7% in the fourth quarter. Raymond James & Associates now owns 377,711 shares of the bank’s stock valued at $12,517,000 after acquiring an additional 62,207 shares in the last quarter. Richelieu Gestion SA acquired a new position in Citizens Financial Group during the fourth quarter worth about $2,264,000. AustralianSuper Pty Ltd raised its holdings in shares of Citizens Financial Group by 62.3% in the 4th quarter. AustralianSuper Pty Ltd now owns 1,875,756 shares of the bank’s stock worth $62,163,000 after purchasing an additional 720,033 shares in the last quarter. Sterling Investment Counsel LLC lifted its stake in Citizens Financial Group by 6.1% during the fourth quarter. Sterling Investment Counsel LLC now owns 9,278 shares of the bank’s stock valued at $307,000 after purchasing an additional 535 shares during the last quarter. Finally, Trilogy Capital Inc. boosted its holdings in Citizens Financial Group by 1.6% during the fourth quarter. Trilogy Capital Inc. now owns 93,996 shares of the bank’s stock worth $3,115,000 after buying an additional 1,484 shares in the last quarter. Institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Stock Performance

NYSE:CFG opened at $36.29 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.60. The firm’s fifty day simple moving average is $32.75 and its 200 day simple moving average is $29.80. The firm has a market capitalization of $16.64 billion, a PE ratio of 11.67 and a beta of 1.36. Citizens Financial Group, Inc. has a 1 year low of $22.77 and a 1 year high of $36.35.

Citizens Financial Group (NYSE:CFG) last announced its earnings results on Wednesday, January 17th. The bank reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.26). The business had revenue of $2 billion for the quarter, compared to the consensus estimate of $2 billion. Citizens Financial Group had a net margin of 13.19% and a return on equity of 7.40%. Citizens Financial Group’s revenue for the quarter was down 9.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.25 EPS. On average, sell-side analysts anticipate that Citizens Financial Group, Inc. will post 3.21 EPS for the current year.

Citizens Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 14th. Investors of record on Wednesday, January 31st were given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 4.63%. The ex-dividend date was Tuesday, January 30th. Citizens Financial Group’s dividend payout ratio (DPR) is currently 54.02%.

Insider Activity at Citizens Financial Group

In other Citizens Financial Group news, insider Craig Jack Read sold 4,508 shares of the firm’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $33.54, for a total value of $151,198.32. Following the sale, the insider now directly owns 43,885 shares in the company, valued at approximately $1,471,902.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.62% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. UBS Group boosted their price objective on Citizens Financial Group from $37.00 to $38.00 and gave the stock a “buy” rating in a report on Thursday, January 18th. Royal Bank of Canada raised their price objective on shares of Citizens Financial Group from $33.00 to $35.00 and gave the stock an “outperform” rating in a research note on Thursday, January 18th. Keefe, Bruyette & Woods boosted their target price on shares of Citizens Financial Group from $33.00 to $35.00 and gave the company a “market perform” rating in a research note on Thursday, January 18th. The Goldman Sachs Group raised their target price on Citizens Financial Group from $31.00 to $35.00 and gave the stock a “buy” rating in a research report on Monday, December 18th. Finally, StockNews.com lowered Citizens Financial Group from a “hold” rating to a “sell” rating in a research report on Tuesday, March 5th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $35.63.

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.