Citizens Financial Group Inc. RI Buys 525 Shares of Dell Technologies Inc. (NYSE:DELL)

Citizens Financial Group Inc. RI boosted its stake in Dell Technologies Inc. (NYSE:DELL) by 7.7% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 7,305 shares of the technology company’s stock after buying an additional 525 shares during the period. Citizens Financial Group Inc. RI’s holdings in Dell Technologies were worth $866,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Accordant Advisory Group Inc acquired a new stake in shares of Dell Technologies during the second quarter worth $28,000. Clean Yield Group acquired a new stake in Dell Technologies in the 3rd quarter worth about $25,000. Nemes Rush Group LLC acquired a new stake in shares of Dell Technologies in the second quarter valued at approximately $33,000. Crewe Advisors LLC acquired a new stake in Dell Technologies during the second quarter worth approximately $34,000. Finally, New Covenant Trust Company N.A. bought a new position in Dell Technologies during the 1st quarter worth $30,000. 38.10% of the stock is owned by institutional investors.

Insider Transactions at Dell Technologies

In related news, CEO Michael S. Dell sold 10,000,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $122.40, for a total transaction of $1,224,000,000.00. Following the completion of the sale, the chief executive officer now owns 16,912,241 shares of the company’s stock, valued at $2,070,058,298.40. This trade represents a 37.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $129.50, for a total value of $93,887.50. Following the transaction, the director now owns 23,680 shares in the company, valued at $3,066,560. The trade was a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,954,112 shares of company stock worth $2,113,449,139 over the last three months. 46.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on DELL shares. Deutsche Bank Aktiengesellschaft began coverage on Dell Technologies in a research report on Friday, September 27th. They issued a “buy” rating and a $144.00 price target on the stock. Susquehanna assumed coverage on shares of Dell Technologies in a report on Tuesday, September 10th. They set a “neutral” rating and a $120.00 price target for the company. Barclays lifted their price objective on shares of Dell Technologies from $97.00 to $106.00 and gave the company an “equal weight” rating in a research note on Friday, August 30th. Bank of America upped their target price on Dell Technologies from $150.00 to $155.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Finally, UBS Group lowered their price target on Dell Technologies from $164.00 to $158.00 and set a “buy” rating for the company in a report on Friday, August 30th. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, Dell Technologies has an average rating of “Moderate Buy” and an average price target of $146.50.

Dell Technologies Stock Performance

Shares of NYSE:DELL opened at $144.20 on Friday. The firm has a market cap of $101.28 billion, a PE ratio of 26.51, a price-to-earnings-growth ratio of 1.43 and a beta of 0.89. Dell Technologies Inc. has a 52 week low of $67.51 and a 52 week high of $179.70. The firm’s fifty day moving average is $125.84 and its 200-day moving average is $126.86.

Dell Technologies (NYSE:DELL) last released its quarterly earnings results on Thursday, August 29th. The technology company reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.40. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. The firm had revenue of $25.03 billion for the quarter, compared to analyst estimates of $24.14 billion. During the same quarter in the previous year, the company posted $1.44 EPS. The business’s revenue was up 9.1% on a year-over-year basis. Sell-side analysts forecast that Dell Technologies Inc. will post 6.91 EPS for the current year.

Dell Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd were given a $0.445 dividend. The ex-dividend date was Tuesday, October 22nd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.23%. Dell Technologies’s dividend payout ratio (DPR) is currently 32.72%.

Dell Technologies Profile

Dell Technologies Inc designs, develops, manufactures, markets, sells, and supports various comprehensive and integrated solutions, products, and services in the Americas, Europe, the Middle East, Asia, and internationally. The company operates through two segments, Infrastructure Solutions Group (ISG) and Client Solutions Group (CSG).