Donoghue Forlines LLC Sells 45,186 Shares of Citizens Financial Group, Inc. $CFG

Donoghue Forlines LLC lessened its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 64.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,451 shares of the bank’s stock after selling 45,186 shares during the period. Donoghue Forlines LLC’s holdings in Citizens Financial Group were worth $1,487,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of CFG. Alyeska Investment Group L.P. bought a new stake in shares of Citizens Financial Group during the 3rd quarter valued at $87,173,000. Zurich Insurance Group Ltd FI boosted its holdings in shares of Citizens Financial Group by 326.3% during the 3rd quarter. Zurich Insurance Group Ltd FI now owns 2,082,961 shares of the bank’s stock valued at $110,730,000 after buying an additional 1,594,326 shares in the last quarter. Artemis Investment Management LLP boosted its holdings in shares of Citizens Financial Group by 160.4% during the 4th quarter. Artemis Investment Management LLP now owns 2,448,050 shares of the bank’s stock valued at $142,991,000 after buying an additional 1,508,070 shares in the last quarter. Impax Asset Management Group plc boosted its stake in Citizens Financial Group by 411.6% in the 4th quarter. Impax Asset Management Group plc now owns 1,729,587 shares of the bank’s stock worth $101,025,000 after purchasing an additional 1,391,483 shares in the last quarter. Finally, Ninety One UK Ltd boosted its stake in Citizens Financial Group by 13.1% in the 4th quarter. Ninety One UK Ltd now owns 6,574,714 shares of the bank’s stock worth $384,029,000 after purchasing an additional 763,098 shares in the last quarter. Institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Stock Performance

Shares of Citizens Financial Group stock opened at $61.13 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.85 and a quick ratio of 0.84. The stock has a market cap of $25.85 billion, a price-to-earnings ratio of 14.45, a PEG ratio of 0.48 and a beta of 0.70. The firm’s 50-day moving average is $61.39 and its 200 day moving average is $59.64. Citizens Financial Group, Inc. has a 1 year low of $38.80 and a 1 year high of $68.79.

Citizens Financial Group (NYSE:CFG) last posted its earnings results on Thursday, April 16th. The bank reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.03. The business had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $2.16 billion. Citizens Financial Group had a net margin of 16.21% and a return on equity of 8.31%. The business’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.77 EPS. Sell-side analysts anticipate that Citizens Financial Group, Inc. will post 5.19 EPS for the current fiscal year.

Citizens Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Thursday, April 30th were paid a dividend of $0.46 per share. The ex-dividend date was Thursday, April 30th. This represents a $1.84 annualized dividend and a yield of 3.0%. Citizens Financial Group’s dividend payout ratio is currently 43.50%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on CFG shares. Keefe, Bruyette & Woods upped their price target on shares of Citizens Financial Group from $70.00 to $72.00 and gave the stock an “outperform” rating in a research note on Friday, April 17th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $75.00 price target on shares of Citizens Financial Group in a research note on Tuesday, March 3rd. Truist Financial upped their price target on shares of Citizens Financial Group from $63.00 to $69.00 and gave the stock a “hold” rating in a research note on Friday, April 17th. Robert W. Baird upgraded shares of Citizens Financial Group from a “neutral” rating to an “outperform” rating and set a $65.00 price target on the stock in a research note on Monday, March 9th. Finally, Morgan Stanley dropped their price target on shares of Citizens Financial Group from $80.00 to $73.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 31st. Nineteen investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $70.88.

Insider Activity

In other Citizens Financial Group news, insider Susan Lamonica sold 13,258 shares of the company’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 transaction, the insider owned 165,971 shares in the company, valued at approximately $9,632,956.84. This represents a 7.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michelle Moosally sold 6,050 shares of the company’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $62.16, for a total transaction of $376,068.00. Following the transaction, the insider owned 22,565 shares in the company, valued at $1,402,640.40. This represents a 21.14% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.67% of the stock is currently owned by corporate insiders.

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.