Wick Capital Partners LLC Purchases Shares of 26,169 Citizens Financial Group, Inc. $CFG

by · The Markets Daily

Wick Capital Partners LLC purchased a new position in Citizens Financial Group, Inc. (NYSE:CFG – Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 26,169 shares of the bank’s stock, valued at approximately $1,529,000.

Several other institutional investors have also recently made changes to their positions in the stock. Mcguire Capital Advisors Inc. purchased a new stake in Citizens Financial Group in the 4th quarter worth approximately $240,000. Compound Planning Inc. lifted its holdings in Citizens Financial Group by 14.8% during the fourth quarter. Compound Planning Inc. now owns 6,150 shares of the bank’s stock valued at $359,000 after purchasing an additional 793 shares in the last quarter. Corient Private Wealth LLC boosted its position in shares of Citizens Financial Group by 95.5% in the fourth quarter. Corient Private Wealth LLC now owns 179,607 shares of the bank’s stock worth $10,491,000 after purchasing an additional 87,726 shares during the period. Mercer Global Advisors Inc. ADV boosted its position in shares of Citizens Financial Group by 85.6% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 156,521 shares of the bank’s stock worth $9,142,000 after purchasing an additional 72,184 shares during the period. Finally, EP Wealth Advisors LLC purchased a new stake in shares of Citizens Financial Group in the fourth quarter worth $327,000. Institutional investors own 94.90% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Truist Financial raised their price objective on shares of Citizens Financial Group from $63.00 to $69.00 and gave the company a “hold” rating in a research report on Friday, April 17th. Citigroup reaffirmed a “buy” rating on shares of Citizens Financial Group in a report on Friday, May 8th. Stephens assumed coverage on Citizens Financial Group in a research note on Monday. They issued an “equal weight” rating for the company. Cantor Fitzgerald reissued an “overweight” rating on shares of Citizens Financial Group in a report on Tuesday, June 9th. Finally, Keefe, Bruyette & Woods boosted their price objective on Citizens Financial Group from $70.00 to $72.00 and gave the company an “outperform” rating in a research report on Friday, April 17th. Eighteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $70.88.

Read Our Latest Report on Citizens Financial Group

Insider Buying and Selling

In related news, insider Michelle Moosally sold 6,050 shares of the stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $62.16, for a total transaction of $376,068.00. Following the completion of the transaction, the insider directly owned 22,565 shares of the company’s stock, valued at approximately $1,402,640.40. This represents a 21.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.67% of the company’s stock.

Citizens Financial Group Stock Performance

Shares of NYSE CFG opened at $67.11 on Friday. The company has a market cap of $28.38 billion, a P/E ratio of 15.87, a P/E/G ratio of 0.53 and a beta of 0.68. Citizens Financial Group, Inc. has a 52-week low of $41.37 and a 52-week high of $68.79. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.84 and a current ratio of 0.85. The firm’s fifty day moving average is $64.00 and its two-hundred day moving average is $61.75.

Citizens Financial Group (NYSE:CFG – Get Free Report) last released its quarterly earnings data on Thursday, April 16th. The bank reported $1.13 EPS for the quarter, beating the consensus estimate of $1.10 by $0.03. The business had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.16 billion. Citizens Financial Group had a net margin of 16.21% and a return on equity of 8.31%. The business’s revenue was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.77 EPS. As a group, analysts anticipate that Citizens Financial Group, Inc. will post 5.2 EPS for the current fiscal year.

Citizens Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Thursday, April 30th were given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Thursday, April 30th. Citizens Financial Group’s payout ratio is currently 43.50%.

About Citizens Financial Group

(Free Report)

Citizens Financial Group, Inc (NYSE: CFG) is a bank holding company that provides a broad range of banking and financial services to individuals, small and middle-market businesses, corporations and institutional clients. Headquartered in Providence, Rhode Island, Citizens conducts its banking operations principally through its primary banking subsidiary, Citizens Bank, and serves customers through a combination of branch locations, ATMs and digital channels. The company is publicly traded and operates under the regulatory framework applicable to U.S.

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