Sanctuary Advisors LLC Invests $1.43 Million in Citizens Financial Group, Inc. (NYSE:CFG)

Sanctuary Advisors LLC bought a new position in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 40,662 shares of the bank's stock, valued at approximately $1,429,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Innealta Capital LLC acquired a new position in Citizens Financial Group in the second quarter valued at approximately $25,000. Versant Capital Management Inc boosted its stake in Citizens Financial Group by 262.8% in the second quarter. Versant Capital Management Inc now owns 936 shares of the bank's stock valued at $34,000 after acquiring an additional 678 shares during the period. Private Ocean LLC boosted its stake in Citizens Financial Group by 484.4% in the second quarter. Private Ocean LLC now owns 1,011 shares of the bank's stock valued at $36,000 after acquiring an additional 838 shares during the period. Quarry LP boosted its stake in Citizens Financial Group by 183.1% in the fourth quarter. Quarry LP now owns 1,104 shares of the bank's stock valued at $37,000 after acquiring an additional 714 shares during the period. Finally, Ridgewood Investments LLC acquired a new position in Citizens Financial Group in the second quarter valued at approximately $48,000. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Craig Jack Read sold 3,938 shares of the company's stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $43.26, for a total transaction of $170,357.88. Following the completion of the transaction, the insider now owns 33,620 shares of the company's stock, valued at approximately $1,454,401.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.62% of the stock is owned by company insiders.

Citizens Financial Group Stock Down 0.4 %

NYSE:CFG traded down $0.17 during trading hours on Thursday, reaching $41.30. The company's stock had a trading volume of 3,573,278 shares, compared to its average volume of 5,357,854. The company has a market cap of $18.79 billion, a price-to-earnings ratio of 14.99, a price-to-earnings-growth ratio of 1.43 and a beta of 1.07. Citizens Financial Group, Inc. has a one year low of $22.77 and a one year high of $43.96. The business's 50-day moving average is $40.87 and its 200-day moving average is $37.73. 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 (NYSE:CFG - Get Free Report) last released its quarterly earnings results on Wednesday, July 17th. The bank reported $0.78 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.79 by ($0.01). Citizens Financial Group had a net margin of 10.74% and a return on equity of 6.21%. The firm had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter last year, the company earned $0.92 earnings per share. The firm's revenue was down 6.3% on a year-over-year basis. Equities research analysts predict that Citizens Financial Group, Inc. will post 3.24 EPS for the current year.

Citizens Financial Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Wednesday, July 31st were issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 4.07%. The ex-dividend date of this dividend was Wednesday, July 31st. Citizens Financial Group's dividend payout ratio (DPR) is 60.87%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CFG. Raymond James began coverage on Citizens Financial Group in a research report on Thursday, July 11th. They set a "market perform" rating for the company. UBS Group boosted their price objective on Citizens Financial Group from $42.00 to $46.00 and gave the stock a "buy" rating in a research report on Thursday, July 18th. The Goldman Sachs Group boosted their price objective on Citizens Financial Group from $43.00 to $49.00 and gave the stock a "buy" rating in a research report on Thursday, July 18th. Jefferies Financial Group boosted their price objective on Citizens Financial Group from $36.00 to $37.00 and gave the stock a "hold" rating in a research report on Wednesday, July 3rd. Finally, Keefe, Bruyette & Woods boosted their price objective on Citizens Financial Group from $42.00 to $46.00 and gave the stock a "market perform" rating in a research report on Monday, September 30th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $43.07.

Citizens Financial Group Company 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.