Czech National Bank Purchases 4,677 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Czech National Bank increased its position in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 5.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 86,709 shares of the bank’s stock after acquiring an additional 4,677 shares during the period. Czech National Bank’s holdings in Citizens Financial Group were worth $3,124,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Larson Financial Group LLC purchased a new position in Citizens Financial Group in the fourth quarter valued at approximately $33,000. Versant Capital Management Inc grew its stake in shares of Citizens Financial Group by 262.8% during the second quarter. Versant Capital Management Inc now owns 936 shares of the bank’s stock valued at $34,000 after buying an additional 678 shares during the last quarter. Quarry LP grew its stake in shares of Citizens Financial Group by 183.1% during the fourth quarter. Quarry LP now owns 1,104 shares of the bank’s stock valued at $37,000 after buying an additional 714 shares during the last quarter. Mather Group LLC. bought a new stake in shares of Citizens Financial Group in the first quarter worth about $68,000. Finally, Harvest Fund Management Co. Ltd grew its stake in shares of Citizens Financial Group by 904.2% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 2,139 shares of the bank’s stock worth $71,000 after purchasing an additional 1,926 shares during the last quarter. 94.90% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Citizens Financial Group

In related news, insider Craig Jack Read sold 3,938 shares of Citizens Financial Group stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $43.26, for a total transaction of $170,357.88. Following the transaction, 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 Securities & Exchange Commission, which is accessible through this hyperlink. 0.62% of the stock is owned by company insiders.

Citizens Financial Group Trading Up 1.2 %

CFG stock traded up $0.49 during midday trading on Monday, hitting $40.08. The stock had a trading volume of 2,416,382 shares, compared to its average volume of 5,515,103. The firm has a market cap of $18.24 billion, a PE ratio of 14.34, a price-to-earnings-growth ratio of 1.46 and a beta of 1.10. 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, Inc. has a 12-month low of $22.77 and a 12-month high of $43.96. The company’s 50-day moving average price is $37.48 and its 200 day moving average price is $35.17.

Citizens Financial Group (NYSE:CFG) last released its earnings results on Wednesday, July 17th. The bank reported $0.78 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.01). The firm had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.95 billion. Citizens Financial Group had a return on equity of 6.21% and a net margin of 10.74%. The firm’s revenue was down 6.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.92 earnings per share. 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 will be paid on Wednesday, August 14th. Shareholders of record on Wednesday, July 31st will be issued a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, July 31st. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.19%. Citizens Financial Group’s dividend payout ratio (DPR) is presently 60.87%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on CFG shares. Evercore ISI lifted 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 report on Tuesday, June 25th. Stephens lifted their target price on shares of Citizens Financial Group from $40.00 to $42.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. Argus boosted their price target on Citizens Financial Group from $36.00 to $39.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Jefferies Financial Group upped 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. Finally, Citigroup boosted their price objective on Citizens Financial Group from $39.00 to $43.00 and gave the company a “buy” rating in a research report on Friday, April 19th. 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, the company 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.