Wealth Enhancement Advisory Services LLC Increases Stake in Citizens Financial Group, Inc. $CFG

Wealth Enhancement Advisory Services LLC grew its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 6.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 226,205 shares of the bank’s stock after buying an additional 13,691 shares during the period. Wealth Enhancement Advisory Services LLC owned 0.05% of Citizens Financial Group worth $14,069,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Grove Bank & Trust increased its holdings in Citizens Financial Group by 19.8% in the 4th quarter. Grove Bank & Trust now owns 1,107 shares of the bank’s stock valued at $65,000 after acquiring an additional 183 shares during the last quarter. StoneX Group Inc. increased its holdings in shares of Citizens Financial Group by 0.4% in the second quarter. StoneX Group Inc. now owns 60,307 shares of the bank’s stock worth $2,699,000 after purchasing an additional 213 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Citizens Financial Group by 3.3% in the third quarter. EverSource Wealth Advisors LLC now owns 6,784 shares of the bank’s stock worth $361,000 after buying an additional 219 shares in the last quarter. Profund Advisors LLC boosted its stake in Citizens Financial Group by 2.9% during the third quarter. Profund Advisors LLC now owns 7,821 shares of the bank’s stock valued at $416,000 after buying an additional 221 shares during the last quarter. Finally, Versant Capital Management Inc grew its holdings in Citizens Financial Group by 4.9% during the 3rd quarter. Versant Capital Management Inc now owns 4,821 shares of the bank’s stock valued at $256,000 after buying an additional 224 shares in the last quarter. Institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Trading Down 1.5%

Shares of CFG opened at $58.54 on Friday. The company’s fifty day simple moving average is $61.86 and its 200-day simple moving average is $56.96. The company has a market cap of $24.88 billion, a P/E ratio of 15.13, a P/E/G ratio of 0.48 and a beta of 0.70. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.46. 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 issued its quarterly earnings results on Wednesday, January 21st. The bank reported $1.13 EPS for the quarter, beating the consensus estimate of $1.11 by $0.02. The company had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.16 billion. Citizens Financial Group had a net margin of 15.19% and a return on equity of 7.81%. The firm’s revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.85 EPS. As a group, analysts expect that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 18th. Investors of record on Wednesday, February 4th were paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Wednesday, February 4th. Citizens Financial Group’s dividend payout ratio (DPR) is currently 47.55%.

Analyst Ratings Changes

Several analysts have recently issued reports on CFG shares. Bank of America upped their price objective on Citizens Financial Group from $70.00 to $78.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Morgan Stanley boosted their price target 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. Evercore upped their price target on shares of Citizens Financial Group from $69.00 to $77.00 and gave the company an “outperform” rating in a research note on Thursday, February 5th. Jefferies Financial Group restated a “buy” rating and issued a $80.00 target price on shares of Citizens Financial Group in a report on Wednesday, January 21st. Finally, Robert W. Baird raised shares of Citizens Financial Group from a “neutral” rating to an “outperform” rating and set a $65.00 price target for the company in a report on Monday, March 9th. Twenty investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $69.59.

Insider Activity

In related news, insider Susan Lamonica sold 13,258 shares of the business’s stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $58.04, for a total transaction of $769,494.32. Following the completion of the transaction, the insider owned 165,971 shares in the company, valued at $9,632,956.84. The trade was a 7.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.67% of the company’s stock.

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.