Citizens Financial Group (NYSE:CFG) Insider Sells $769,494.32 in Stock

Citizens Financial Group, Inc. (NYSE:CFG) insider Susan Lamonica sold 13,258 shares of the firm’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $58.04, for a total value of $769,494.32. Following the sale, the insider directly owned 165,971 shares of the company’s stock, valued at $9,632,956.84. This represents a 7.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Citizens Financial Group Price Performance

Citizens Financial Group stock traded down $1.62 on Thursday, reaching $56.89. The company’s stock had a trading volume of 5,438,172 shares, compared to its average volume of 5,655,158. The business’s fifty day moving average price is $62.51 and its 200 day moving average price is $56.57. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.84 and a current ratio of 0.85. The company has a market cap of $24.18 billion, a price-to-earnings ratio of 14.70, a PEG ratio of 0.48 and a beta of 0.70. Citizens Financial Group, Inc. has a twelve month low of $32.60 and a twelve month high of $68.79.

Citizens Financial Group (NYSE:CFG) last announced its earnings results on Wednesday, January 21st. The bank reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.02. Citizens Financial Group had a return on equity of 7.81% and a net margin of 15.19%.The company had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.16 billion. During the same period last year, the company posted $0.85 earnings per share. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. Equities analysts expect that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current fiscal year.

Citizens Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 18th. Shareholders of record on Wednesday, February 4th were given a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 3.2%. The ex-dividend date was Wednesday, February 4th. Citizens Financial Group’s dividend payout ratio (DPR) is presently 47.55%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CFG. Morgan Stanley upped their target price on shares of Citizens Financial Group from $73.00 to $80.00 and gave the stock an “overweight” rating in a research report on Monday, March 2nd. Robert W. Baird upgraded shares of Citizens Financial Group from a “neutral” rating to an “outperform” rating and set a $65.00 price objective for the company in a research report on Monday. Keefe, Bruyette & Woods upped their price objective on Citizens Financial Group from $68.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday, January 22nd. Barclays set a $77.00 price objective on Citizens Financial Group and gave the company an “overweight” rating in a research report on Monday, January 5th. Finally, Evercore lifted their target price on Citizens Financial Group from $69.00 to $77.00 and gave the company an “outperform” rating in a research note on Thursday, February 5th. Twenty investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $69.95.

Hedge Funds Weigh In On Citizens Financial Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Envestnet Asset Management Inc. grew its position in shares of Citizens Financial Group by 25.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 687,602 shares of the bank’s stock worth $36,553,000 after buying an additional 140,641 shares during the period. Channing Capital Management LLC acquired a new stake in shares of Citizens Financial Group in the 3rd quarter valued at approximately $7,528,000. National Pension Service raised its position in shares of Citizens Financial Group by 33.5% in the 3rd quarter. National Pension Service now owns 135,208 shares of the bank’s stock valued at $7,188,000 after acquiring an additional 33,923 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in Citizens Financial Group by 37.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 479,415 shares of the bank’s stock worth $25,284,000 after acquiring an additional 129,995 shares during the last quarter. Finally, Synergy Asset Management LLC acquired a new position in Citizens Financial Group during the third quarter valued at approximately $60,434,000. 94.90% of the stock is owned by institutional investors.

Citizens Financial Group Company Profile

Citizens Financial Group, Inc (NYSE: CFG) is a bank holding company that provides a broad range of banking and financial services to individuals, small and middle-market businesses, corporations and institutional clients. Headquartered in Providence, Rhode Island, Citizens conducts its banking operations principally through its primary banking subsidiary, Citizens Bank, and serves customers through a combination of branch locations, ATMs and digital channels. The company is publicly traded and operates under the regulatory framework applicable to U.S.