Citizens Financial Group Inc. RI Grows Stock Position in Dell Technologies Inc. (NYSE:DELL)

Citizens Financial Group Inc. RI lifted its position in Dell Technologies Inc. (NYSE:DELL) by 6.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,790 shares of the technology company’s stock after purchasing an additional 485 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in Dell Technologies were worth $898,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Vision Financial Markets LLC purchased a new position in shares of Dell Technologies in the fourth quarter worth about $26,000. Byrne Asset Management LLC purchased a new position in shares of Dell Technologies in the fourth quarter worth about $28,000. True Wealth Design LLC raised its stake in shares of Dell Technologies by 2,530.0% in the third quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock worth $31,000 after purchasing an additional 253 shares during the last quarter. Covestor Ltd raised its stake in shares of Dell Technologies by 290.7% in the third quarter. Covestor Ltd now owns 293 shares of the technology company’s stock worth $35,000 after purchasing an additional 218 shares during the last quarter. Finally, Versant Capital Management Inc raised its stake in shares of Dell Technologies by 54.7% in the fourth quarter. Versant Capital Management Inc now owns 314 shares of the technology company’s stock worth $36,000 after purchasing an additional 111 shares during the last quarter. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Dell Technologies

In related news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of Dell Technologies stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $119.73, for a total transaction of $59,750,657.85. Following the transaction, the director now owns 810,657 shares in the company, valued at approximately $97,059,962.61. This trade represents a 38.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director V (Gp) L.L.C. Slta sold 325,167 shares of Dell Technologies stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $124.52, for a total value of $40,489,794.84. Following the transaction, the director now owns 810,657 shares in the company, valued at approximately $100,943,009.64. The trade was a 28.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 825,662 shares of company stock valued at $100,414,453 over the last ninety days. Insiders own 46.70% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Morgan Stanley reduced their price target on Dell Technologies from $154.00 to $128.00 and set an “overweight” rating for the company in a research report on Thursday, February 13th. JPMorgan Chase & Co. reduced their price target on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a research report on Tuesday, February 11th. UBS Group reduced their price target on Dell Technologies from $158.00 to $150.00 and set a “buy” rating for the company in a research report on Friday, February 28th. Wells Fargo & Company reduced their price target on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a research report on Friday, February 28th. Finally, Bank of America reduced their price target on Dell Technologies from $155.00 to $150.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $141.24.

Dell Technologies Price Performance

Shares of NYSE:DELL opened at $94.62 on Thursday. The business’s 50 day moving average price is $108.75 and its 200-day moving average price is $117.38. The firm has a market capitalization of $66.27 billion, a PE ratio of 16.72, a P/E/G ratio of 1.10 and a beta of 0.83. Dell Technologies Inc. has a 1 year low of $86.93 and a 1 year high of $179.70.

Dell Technologies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd will be paid a $0.525 dividend. The ex-dividend date is Tuesday, April 22nd. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.45. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.22%. Dell Technologies’s payout ratio is currently 33.76%.

About Dell Technologies

Dell Technologies Inc designs, develops, manufactures, markets, sells, and supports various comprehensive and integrated solutions, products, and services in the Americas, Europe, the Middle East, Asia, and internationally. The company operates through two segments, Infrastructure Solutions Group (ISG) and Client Solutions Group (CSG).