Aaron Wealth Advisors LLC Acquires Shares of 5,102 Citizens Financial Group, Inc. (NYSE:CFG)

Aaron Wealth Advisors LLC acquired a new stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 5,102 shares of the bank’s stock, valued at approximately $210,000.

Other hedge funds have also bought and sold shares of the company. Innealta Capital LLC purchased a new position in shares of Citizens Financial Group in the 2nd quarter worth $25,000. Versant Capital Management Inc lifted its stake in Citizens Financial Group by 262.8% during the 2nd 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 position in Citizens Financial Group by 484.4% in the 2nd quarter. Private Ocean LLC now owns 1,011 shares of the bank’s stock worth $36,000 after purchasing an additional 838 shares in the last quarter. Claro Advisors LLC acquired a new position in Citizens Financial Group in the 3rd quarter worth about $50,000. Finally, Ridgewood Investments LLC purchased a new stake in Citizens Financial Group during the 2nd quarter worth approximately $48,000. Institutional investors own 94.90% of the company’s stock.

Insiders Place Their Bets

In related news, insider Craig Jack Read sold 3,938 shares of the business’s 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 $1,454,401.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.62% of the company’s stock.

Citizens Financial Group Stock Up 0.8 %

Citizens Financial Group stock opened at $42.47 on Monday. The firm has a market cap of $19.32 billion, a price-to-earnings ratio of 15.39, a PEG ratio of 1.42 and a beta of 1.07. Citizens Financial Group, Inc. has a 52-week low of $22.77 and a 52-week high of $44.39. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.86 and a current ratio of 0.87. The firm has a 50 day moving average price of $41.33 and a two-hundred day moving average price of $38.09.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings results on Wednesday, October 16th. The bank reported $0.79 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.79. The firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.94 billion. Citizens Financial Group had a return on equity of 6.21% and a net margin of 10.74%. The business’s revenue was down 5.6% compared to the same quarter last year. During the same period last year, the business posted $0.85 EPS. Equities analysts predict that Citizens Financial Group, Inc. will post 3.22 EPS for the current year.

Citizens Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 13th. Shareholders of record on Wednesday, October 30th will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 3.96%. The ex-dividend date is Wednesday, October 30th. Citizens Financial Group’s dividend payout ratio (DPR) is presently 60.87%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. UBS Group boosted their target price on Citizens Financial Group from $42.00 to $46.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. DA Davidson upped their target price on shares of Citizens Financial Group from $46.00 to $48.00 and gave the company a “buy” rating in a report on Thursday. Barclays boosted their price target on Citizens Financial Group from $40.00 to $47.00 and gave the company an “equal weight” rating in a research report on Thursday. Evercore ISI reduced their target price on Citizens Financial Group from $47.00 to $46.00 and set an “in-line” rating for the company in a research note on Wednesday, October 2nd. Finally, Royal Bank of Canada raised their price target on shares of Citizens Financial Group from $43.00 to $45.00 and gave the company an “outperform” rating in a research note on Thursday. Ten equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Citizens Financial Group presently has a consensus rating of “Hold” and a consensus price target of $43.80.

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.