Skopos Labs Inc. Purchases New Position in Citizens Financial Group, Inc. (NYSE:CFG)

Skopos Labs Inc. purchased a new stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 6,945 shares of the bank’s stock, valued at approximately $230,000.

Other institutional investors also recently bought and sold shares of the company. Larson Financial Group LLC purchased a new position in Citizens Financial Group during the fourth quarter valued at approximately $33,000. CVA Family Office LLC purchased a new stake in shares of Citizens Financial Group in the fourth quarter valued at approximately $40,000. Blue Trust Inc. increased its position in shares of 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 buying an additional 574 shares in the last quarter. Authentikos Wealth Advisory LLC purchased a new stake in shares of Citizens Financial Group in the third quarter valued at approximately $40,000. Finally, Massmutual Trust Co. FSB ADV increased its position in shares of Citizens Financial Group by 40.4% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,640 shares of the bank’s stock valued at $54,000 after buying an additional 472 shares in the last quarter. 94.90% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on CFG. Morgan Stanley boosted their price objective on Citizens Financial Group from $31.00 to $39.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 7th. Evercore ISI boosted their price objective on Citizens Financial Group from $35.00 to $39.00 and gave the company an “in-line” rating in a research report on Thursday, March 28th. Wedbush cut their price objective on Citizens Financial Group from $38.00 to $35.00 and set a “neutral” rating for the company in a research report on Thursday, April 18th. Keefe, Bruyette & Woods boosted their price objective on Citizens Financial Group from $35.00 to $39.00 and gave the company a “market perform” rating in a research report on Friday, April 5th. Finally, Citigroup lifted their price target on Citizens Financial Group from $39.00 to $43.00 and gave the stock a “buy” rating in a research note on Friday, April 19th. Ten equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $37.73.

Citizens Financial Group Trading Up 0.7 %

NYSE CFG traded up $0.23 on Friday, reaching $35.35. 2,349,535 shares of the company were exchanged, compared to its average volume of 3,801,869. The business’s fifty day moving average price is $35.04 and its 200 day moving average price is $32.51. The stock has a market capitalization of $16.08 billion, a P/E ratio of 12.81, a price-to-earnings-growth ratio of 1.38 and a beta of 1.12. 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 fifty-two week low of $22.77 and a fifty-two week high of $37.30.

Citizens Financial Group (NYSE:CFG) last posted its 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 during the quarter, compared to analysts’ expectations of $1.96 billion. During the same quarter in the prior year, the firm earned $1.00 EPS. Citizens Financial Group’s revenue for the quarter was down 7.9% compared to the same quarter last year. Analysts forecast that Citizens Financial Group, Inc. will post 3.15 earnings per share for the current year.

Citizens Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st were issued a dividend of $0.42 per share. The ex-dividend date was Tuesday, April 30th. This represents a $1.68 annualized dividend and a yield of 4.75%. Citizens Financial Group’s dividend payout ratio (DPR) is 60.87%.

Insiders Place Their Bets

In other news, insider Craig Jack Read sold 6,327 shares of the company’s stock in a transaction dated Friday, April 19th. The stock was sold at an average price of $33.70, for a total transaction of $213,219.90. Following the completion of the transaction, the insider now directly owns 37,558 shares of the company’s stock, valued at approximately $1,265,704.60. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.62% of the stock is owned by company insiders.

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.