Bruni J V & Co. Co. Has $32.76 Million Stock Position in Citizens Financial Group, Inc. (NYSE:CFG)

Bruni J V & Co. Co. lifted its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 0.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 988,383 shares of the bank’s stock after purchasing an additional 976 shares during the period. Citizens Financial Group makes up about 4.1% of Bruni J V & Co. Co.’s holdings, making the stock its 9th biggest position. Bruni J V & Co. Co.’s holdings in Citizens Financial Group were worth $32,755,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Lindbrook Capital LLC increased its stake in Citizens Financial Group by 100.8% in the 3rd quarter. Lindbrook Capital LLC now owns 988 shares of the bank’s stock worth $26,000 after purchasing an additional 496 shares in the last quarter. Larson Financial Group LLC purchased a new position in shares of Citizens Financial Group in the fourth quarter worth approximately $33,000. Authentikos Wealth Advisory LLC acquired a new stake in shares of Citizens Financial Group during the third quarter valued at approximately $40,000. CVA Family Office LLC purchased a new stake in shares of Citizens Financial Group in the 4th quarter valued at approximately $40,000. Finally, Global Retirement Partners LLC boosted its stake in Citizens Financial Group by 336.3% in the 3rd quarter. Global Retirement Partners LLC now owns 1,693 shares of the bank’s stock worth $43,000 after purchasing an additional 1,305 shares during the period. 94.90% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Citizens Financial Group

In other news, insider Craig Jack Read sold 4,508 shares of the firm’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $33.54, for a total value of $151,198.32. Following the sale, the insider now owns 43,885 shares in the company, valued at $1,471,902.90. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.62% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Piper Sandler raised shares of Citizens Financial Group from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $35.00 to $41.00 in a research note on Friday. Citigroup upped their price target on Citizens Financial Group from $39.00 to $43.00 and gave the company a “buy” rating in a research report on Friday, April 19th. Barclays lowered Citizens Financial Group from an “overweight” rating to an “equal weight” rating and raised their price objective for the stock from $38.00 to $40.00 in a research report on Tuesday, January 2nd. UBS Group upped their target price on Citizens Financial Group from $37.00 to $38.00 and gave the company a “buy” rating in a report on Thursday, January 18th. Finally, Jefferies Financial Group raised their price target on shares of Citizens Financial Group from $35.00 to $36.00 and gave the stock a “hold” rating in a report on Monday, April 8th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $37.13.

Citizens Financial Group Stock Performance

Shares of NYSE CFG traded up $0.15 during trading hours on Friday, hitting $35.15. 3,168,271 shares of the stock were exchanged, compared to its average volume of 5,166,838. The firm has a market capitalization of $16.11 billion, a P/E ratio of 12.74 and a beta of 1.38. Citizens Financial Group, Inc. has a one year low of $22.77 and a one year high of $36.38. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.87 and a quick ratio of 0.87. The company’s 50 day moving average is $33.68 and its 200 day moving average is $30.98.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings results on Wednesday, April 17th. The bank reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.10). Citizens Financial Group had a net margin of 11.52% and a return on equity of 6.62%. The business had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same period in the prior year, the business posted $1.00 earnings per share. The company’s revenue for the quarter was down 7.9% compared to the same quarter last year. On average, research analysts expect that Citizens Financial Group, Inc. will post 3.24 EPS for the current year.

Citizens Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 4.78%. The ex-dividend date is Tuesday, April 30th. Citizens Financial Group’s dividend payout ratio is currently 60.87%.

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.