Alaska Permanent Fund Corp Sells 725 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Alaska Permanent Fund Corp lessened its stake in Citizens Financial Group, Inc. (NYSE:CFG) by 0.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 81,575 shares of the bank’s stock after selling 725 shares during the quarter. Alaska Permanent Fund Corp’s holdings in Citizens Financial Group were worth $2,703,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Wellington Management Group LLP increased its holdings in shares of Citizens Financial Group by 217.5% in the third quarter. Wellington Management Group LLP now owns 7,978,410 shares of the bank’s stock worth $213,821,000 after acquiring an additional 5,465,824 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Citizens Financial Group by 1,213.2% during the third quarter. AQR Capital Management LLC now owns 3,746,064 shares of the bank’s stock worth $100,395,000 after buying an additional 3,460,792 shares in the last quarter. Barclays PLC grew its holdings in shares of Citizens Financial Group by 95.5% during the third quarter. Barclays PLC now owns 2,484,439 shares of the bank’s stock worth $66,584,000 after buying an additional 1,213,573 shares in the last quarter. SeaTown Holdings Pte. Ltd. boosted its position in Citizens Financial Group by 3,222.9% during the third quarter. SeaTown Holdings Pte. Ltd. now owns 1,163,000 shares of the bank’s stock valued at $31,168,000 after purchasing an additional 1,128,000 shares during the last quarter. Finally, Jupiter Asset Management Ltd. lifted its holdings in Citizens Financial Group by 693.6% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 1,171,070 shares of the bank’s stock worth $31,385,000 after purchasing an additional 1,023,504 shares during the last quarter. Institutional investors own 94.90% of the company’s stock.

Insider Transactions at Citizens Financial Group

In other news, insider Craig Jack Read sold 6,327 shares of the firm’s stock in a transaction on Friday, April 19th. The stock was sold at an average price of $33.70, for a total value of $213,219.90. Following the transaction, the insider now directly owns 37,558 shares in the company, valued at approximately $1,265,704.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.62% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on CFG. Evercore ISI raised their price objective on Citizens Financial Group from $35.00 to $39.00 and gave the stock an “in-line” rating in a research note on Thursday, March 28th. UBS Group raised their price objective on Citizens Financial Group from $37.00 to $38.00 and gave the company a “buy” rating in a report on Thursday, January 18th. Wedbush cut their price objective on Citizens Financial Group from $38.00 to $35.00 and set a “neutral” rating on the stock in a report on Thursday, April 18th. Citigroup raised their price objective on Citizens Financial Group from $39.00 to $43.00 and gave the company a “buy” rating in a report on Friday, April 19th. Finally, Argus raised their price objective on Citizens Financial Group from $36.00 to $39.00 and gave the company a “buy” rating in a report on Wednesday. Eleven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $36.13.

Citizens Financial Group Trading Down 2.2 %

CFG traded down $0.78 during midday trading on Thursday, reaching $34.74. 505,862 shares of the company’s stock traded hands, compared to its average volume of 5,798,208. The firm has a fifty day moving average of $33.54 and a two-hundred day moving average of $30.86. The stock has a market capitalization of $15.93 billion, a price-to-earnings ratio of 12.87 and a beta of 1.38. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.87 and a quick ratio of 0.87. Citizens Financial Group, Inc. has a 52 week low of $22.77 and a 52 week high of $36.38.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings results on Wednesday, April 17th. The bank reported $0.65 EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $1.96 billion. During the same period in the previous year, the company earned $1.00 EPS. The company’s revenue for the quarter was down 7.9% on a year-over-year basis. On average, equities analysts anticipate that Citizens Financial Group, Inc. will post 3.24 earnings per share for the current fiscal year.

Citizens Financial Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be paid a $0.42 dividend. The ex-dividend date is Tuesday, April 30th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.84%. Citizens Financial Group’s dividend payout ratio (DPR) is currently 60.87%.

Citizens Financial Group 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.