Wedmont Private Capital Has $437,000 Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

Wedmont Private Capital increased its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 11.9% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 10,608 shares of the bank’s stock after acquiring an additional 1,125 shares during the period. Wedmont Private Capital’s holdings in Citizens Financial Group were worth $437,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in CFG. CWM LLC grew its holdings in Citizens Financial Group by 102.5% during the third quarter. CWM LLC now owns 82,433 shares of the bank’s stock valued at $3,386,000 after purchasing an additional 41,734 shares during the last quarter. Atomi Financial Group Inc. acquired a new position in Citizens Financial Group in the 3rd quarter valued at $231,000. Tealwood Asset Management Inc. raised its holdings in Citizens Financial Group by 0.8% in the 3rd quarter. Tealwood Asset Management Inc. now owns 43,059 shares of the bank’s stock worth $1,768,000 after acquiring an additional 360 shares during the period. Mather Group LLC. lifted its position in Citizens Financial Group by 106.7% during the 3rd quarter. Mather Group LLC. now owns 7,494 shares of the bank’s stock worth $308,000 after acquiring an additional 3,868 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in Citizens Financial Group by 41.5% during the 3rd quarter. GAMMA Investing LLC now owns 11,288 shares of the bank’s stock worth $464,000 after acquiring an additional 3,312 shares during the last quarter. 94.90% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on CFG shares. UBS Group lifted their price target 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. Piper Sandler raised their price target on shares of Citizens Financial Group from $45.00 to $48.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Jefferies Financial Group increased their target price on shares of Citizens Financial Group from $36.00 to $37.00 and gave the company a “hold” rating in a research note on Wednesday, July 3rd. DA Davidson upped their price target on Citizens Financial Group from $41.00 to $46.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Finally, The Goldman Sachs Group lifted their price objective on Citizens Financial Group from $43.00 to $49.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Citizens Financial Group presently has an average rating of “Hold” and an average price target of $43.07.

Citizens Financial Group Trading Up 3.2 %

NYSE CFG opened at $42.61 on Friday. The company has a market cap of $19.39 billion, a price-to-earnings ratio of 15.44, a price-to-earnings-growth ratio of 1.42 and a beta of 1.07. Citizens Financial Group, Inc. has a twelve month low of $22.77 and a twelve month high of $43.96. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.60. The business’s fifty day moving average is $40.95 and its 200 day moving average is $37.83.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings results on Wednesday, July 17th. The bank reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same period in the previous year, the business posted $0.92 EPS. Citizens Financial Group’s revenue was down 6.3% on a year-over-year basis. As a group, sell-side analysts expect that Citizens Financial Group, Inc. will post 3.22 EPS for the current fiscal year.

Citizens Financial Group Announces Dividend

The firm 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. The ex-dividend date was Wednesday, July 31st. This represents a $1.68 dividend on an annualized basis and a yield of 3.94%. Citizens Financial Group’s payout ratio is currently 60.87%.

Insider Transactions at Citizens Financial Group

In other Citizens Financial Group news, insider Craig Jack Read sold 3,938 shares of Citizens Financial Group stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $43.26, for a total value of $170,357.88. Following the completion of the sale, the insider now directly owns 33,620 shares in the company, valued at approximately $1,454,401.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.62% of the company’s stock.

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.