Insider Selling: Citizens Financial Group, Inc. (NYSE:CFG) Insider Sells $213,219.90 in Stock

Citizens Financial Group, Inc. (NYSE:CFG) insider Craig Jack Read sold 6,327 shares of Citizens Financial Group stock in a transaction that occurred on Friday, April 19th. The shares were sold at an average price of $33.70, for a total value of $213,219.90. Following the transaction, the insider now owns 37,558 shares of the company’s stock, valued at $1,265,704.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Craig Jack Read also recently made the following trade(s):

• On Tuesday, March 5th, Craig Jack Read sold 4,508 shares of Citizens Financial Group stock. The stock was sold at an average price of $33.54, for a total transaction of $151,198.32.

Citizens Financial Group Trading Up 1.6 %

Shares of CFG stock opened at $35.52 on Thursday. Citizens Financial Group, Inc. has a fifty-two week low of $22.77 and a fifty-two week high of $36.38. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.87 and a current ratio of 0.87. The stock’s fifty day moving average is $33.54 and its two-hundred day moving average is $30.86. The firm has a market capitalization of $16.28 billion, a P/E ratio of 12.87 and a beta of 1.38.

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

Citizens Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 4.73%. The ex-dividend date is Tuesday, April 30th. Citizens Financial Group’s dividend payout ratio is currently 60.87%.

Analyst Ratings Changes

A number of brokerages recently issued reports on CFG. StockNews.com raised shares of Citizens Financial Group from a “sell” rating to a “hold” rating in a report on Friday, April 19th. Royal Bank of Canada raised their target price on Citizens Financial Group from $33.00 to $35.00 and gave the company an “outperform” rating in a research report on Thursday, January 18th. Keefe, Bruyette & Woods upped their price target on Citizens Financial Group from $35.00 to $39.00 and gave the stock a “market perform” rating in a report on Friday, April 5th. 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. Finally, Barclays downgraded Citizens Financial Group from an “overweight” rating to an “equal weight” rating and upped their target price for the stock from $38.00 to $40.00 in a research note on Tuesday, January 2nd. Eleven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $36.13.

Institutional Investors Weigh In On Citizens Financial Group

Several hedge funds and other institutional investors have recently made changes to their positions in CFG. Capital International Investors boosted its stake in Citizens Financial Group by 3.5% during the fourth quarter. Capital International Investors now owns 35,157,079 shares of the bank’s stock worth $1,165,106,000 after buying an additional 1,199,158 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its position in shares of Citizens Financial Group by 5.7% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 11,594,481 shares of the bank’s stock valued at $310,732,000 after acquiring an additional 621,715 shares during the last quarter. Wellington Management Group LLP grew 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 valued at $213,821,000 after purchasing an additional 5,465,824 shares during the period. LSV Asset Management increased its position in Citizens Financial Group by 1.5% during the fourth quarter. LSV Asset Management now owns 6,504,591 shares of the bank’s stock worth $215,562,000 after purchasing an additional 95,292 shares during the last quarter. Finally, Royal Bank of Canada raised its stake in Citizens Financial Group by 6.4% during the third quarter. Royal Bank of Canada now owns 5,532,398 shares of the bank’s stock worth $148,268,000 after purchasing an additional 332,222 shares during the period. Institutional investors and hedge funds own 94.90% of the company’s stock.

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.