Keybank National Association OH Has $2.49 Million Position in Citizens Financial Group, Inc. $CFG

Keybank National Association OH reduced its holdings in Citizens Financial Group, Inc. (NYSE:CFG) by 20.6% during the 4th quarter, HoldingsChannel reports. The firm owned 42,631 shares of the bank’s stock after selling 11,073 shares during the quarter. Keybank National Association OH’s holdings in Citizens Financial Group were worth $2,490,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Certuity LLC grew its position in shares of Citizens Financial Group by 23.5% in the fourth quarter. Certuity LLC now owns 6,159 shares of the bank’s stock valued at $360,000 after purchasing an additional 1,172 shares during the last quarter. M&T Bank Corp grew its position in shares of Citizens Financial Group by 40.9% in the fourth quarter. M&T Bank Corp now owns 19,930 shares of the bank’s stock valued at $1,164,000 after purchasing an additional 5,783 shares during the last quarter. Exencial Wealth Advisors LLC grew its position in shares of Citizens Financial Group by 23.8% in the fourth quarter. Exencial Wealth Advisors LLC now owns 5,246 shares of the bank’s stock valued at $306,000 after purchasing an additional 1,009 shares during the last quarter. D.A. Davidson & CO. grew its position in shares of Citizens Financial Group by 185.3% in the fourth quarter. D.A. Davidson & CO. now owns 14,491 shares of the bank’s stock valued at $846,000 after purchasing an additional 9,411 shares during the last quarter. Finally, 1834 Investment Advisors Co. acquired a new stake in shares of Citizens Financial Group in the fourth quarter valued at about $687,000. 94.90% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CFG. Royal Bank Of Canada raised their price target on Citizens Financial Group from $67.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, April 17th. Raymond James Financial downgraded Citizens Financial Group from a “strong-buy” rating to an “outperform” rating and raised their price target for the company from $62.00 to $66.00 in a research report on Wednesday, January 7th. The Goldman Sachs Group reissued a “buy” rating and set a $73.00 target price on shares of Citizens Financial Group in a research report on Tuesday, January 6th. Barclays set a $77.00 target price on Citizens Financial Group and gave the stock an “overweight” rating in a research report on Monday, January 5th. Finally, Citigroup lifted their target price on Citizens Financial Group from $65.00 to $71.00 and gave the stock a “buy” rating in a research report on Monday, January 26th. Nineteen analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $70.88.

Citizens Financial Group Stock Down 0.9%

CFG stock opened at $64.45 on Friday. Citizens Financial Group, Inc. has a twelve month low of $37.88 and a twelve month high of $68.79. The company has a market cap of $27.39 billion, a PE ratio of 15.24, a price-to-earnings-growth ratio of 0.52 and a beta of 0.70. The business’s 50-day simple moving average is $61.26 and its 200 day simple moving average is $58.83. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.51.

Citizens Financial Group (NYSE:CFG) last released its earnings results on Thursday, April 16th. The bank reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.03. Citizens Financial Group had a return on equity of 8.31% and a net margin of 16.21%.The business had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.16 billion. During the same period last year, the business earned $0.77 earnings per share. The firm’s revenue for the quarter was up 12.0% compared to the same quarter last year. On average, research analysts anticipate that Citizens Financial Group, Inc. will post 5.19 earnings per share for the current year.

Citizens Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 14th. Shareholders of record on Thursday, April 30th will be paid a dividend of $0.46 per share. The ex-dividend date is Thursday, April 30th. This represents a $1.84 dividend on an annualized basis and a yield of 2.9%. Citizens Financial Group’s dividend payout ratio (DPR) is currently 43.50%.

Insider Buying and Selling

In other Citizens Financial Group news, insider Susan Lamonica sold 13,258 shares of the firm’s stock in a transaction dated Wednesday, March 11th. The shares were 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. This trade represents a 7.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.67% of the stock is currently owned by corporate insiders.

Citizens Financial Group 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.