Citizens Financial Group, Inc. (NYSE:CFG) Holdings Cut by Cary Street Partners Investment Advisory LLC

Cary Street Partners Investment Advisory LLC reduced its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 94.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,858 shares of the bank’s stock after selling 168,385 shares during the period. Cary Street Partners Investment Advisory LLC’s holdings in Citizens Financial Group were worth $327,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of CFG. Lindbrook Capital LLC boosted its position in Citizens Financial Group by 100.8% during the third quarter. Lindbrook Capital LLC now owns 988 shares of the bank’s stock valued at $26,000 after purchasing an additional 496 shares during the last quarter. Larson Financial Group LLC bought a new stake in shares of Citizens Financial Group in the 4th quarter valued at approximately $33,000. Authentikos Wealth Advisory LLC acquired a new position in Citizens Financial Group in the third quarter worth approximately $40,000. CVA Family Office LLC bought a new position in Citizens Financial Group during the fourth quarter valued at approximately $40,000. Finally, Blue Trust Inc. lifted its stake in Citizens Financial Group by 77.6% in the fourth quarter. Blue Trust Inc. now owns 1,314 shares of the bank’s stock valued at $44,000 after acquiring an additional 574 shares during the last quarter. 94.90% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Citizens Financial Group

In other news, insider Craig Jack Read sold 6,327 shares of Citizens Financial Group stock in a transaction that occurred on Friday, April 19th. The stock was sold at an average price of $33.70, for a total transaction of $213,219.90. Following the sale, the insider now owns 37,558 shares of the company’s stock, valued at approximately $1,265,704.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.62% of the company’s stock.

Citizens Financial Group Stock Up 1.7 %

CFG opened at $34.70 on Thursday. The business has a 50 day moving average of $33.87 and a 200-day moving average of $31.15. The stock has a market capitalization of $15.91 billion, a price-to-earnings ratio of 12.57 and a beta of 1.38. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.63. Citizens Financial Group, Inc. has a 1-year low of $22.77 and a 1-year high of $36.38.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings results on Wednesday, April 17th. The bank reported $0.65 earnings per share 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 company had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same period last year, the company earned $1.00 earnings per share. Citizens Financial Group’s revenue for the quarter was down 7.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Citizens Financial Group, Inc. will post 3.24 earnings per share for the current year.

Citizens Financial Group Dividend Announcement

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

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Jefferies Financial Group increased their price target on shares of Citizens Financial Group from $35.00 to $36.00 and gave the stock a “hold” rating in a research note on Monday, April 8th. UBS Group increased their target price on shares of Citizens Financial Group from $37.00 to $38.00 and gave the stock a “buy” rating in a research report on Thursday, January 18th. Morgan Stanley raised their target price on Citizens Financial Group from $31.00 to $39.00 and gave the company an “equal weight” rating in a report on Wednesday, February 7th. 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 research note on Friday, April 5th. Finally, Citigroup raised their price objective on Citizens Financial Group from $39.00 to $43.00 and gave the company a “buy” rating in a research note on Friday, April 19th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $37.73.

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.