Greenwood Capital Associates LLC Sells 9,798 Shares of Citizens Financial Group, Inc. $CFG

Greenwood Capital Associates LLC lowered its position in Citizens Financial Group, Inc. (NYSE:CFG) by 39.0% in the first quarter, HoldingsChannel.com reports. The fund owned 15,306 shares of the bank’s stock after selling 9,798 shares during the quarter. Greenwood Capital Associates LLC’s holdings in Citizens Financial Group were worth $918,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Citizens Financial Group in the 4th quarter valued at about $26,000. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in Citizens Financial Group during the fourth quarter worth about $29,000. Activest Wealth Management grew its holdings in Citizens Financial Group by 5,600.0% during the fourth quarter. Activest Wealth Management now owns 513 shares of the bank’s stock worth $30,000 after purchasing an additional 504 shares during the period. DV Equities LLC acquired a new position in Citizens Financial Group during the fourth quarter worth approximately $35,000. Finally, State of Wyoming acquired a new position in Citizens Financial Group during the second quarter worth approximately $39,000. Institutional investors own 94.90% of the company’s stock.

Insider Buying and Selling at Citizens Financial Group

In other news, insider Michelle Moosally sold 6,050 shares of the business’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $62.16, for a total value of $376,068.00. Following the completion of the sale, the insider owned 22,565 shares of the company’s stock, valued at approximately $1,402,640.40. The trade was a 21.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.67% of the company’s stock.

Citizens Financial Group Price Performance

Shares of NYSE CFG opened at $69.78 on Friday. The firm has a market cap of $29.51 billion, a P/E ratio of 16.50, a price-to-earnings-growth ratio of 0.57 and a beta of 0.67. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.51. Citizens Financial Group, Inc. has a 1-year low of $45.90 and a 1-year high of $72.94. The business’s 50 day moving average is $65.59 and its 200-day moving average is $63.12.

Citizens Financial Group (NYSE:CFG) last released its quarterly 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 during the quarter, compared to the consensus estimate of $2.16 billion. Citizens Financial Group had a return on equity of 8.31% and a net margin of 16.21%.The firm’s quarterly revenue was up 12.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.77 EPS. Equities research analysts predict that Citizens Financial Group, Inc. will post 5.22 earnings per share for the current year.

Citizens Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Thursday, April 30th were issued a dividend of $0.46 per share. The ex-dividend date of this dividend was Thursday, April 30th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.6%. Citizens Financial Group’s dividend payout ratio (DPR) is currently 43.50%.

Analyst Ratings Changes

A number of analysts have recently issued reports on CFG shares. JPMorgan Chase & Co. raised their price objective on Citizens Financial Group from $68.50 to $76.00 and gave the company an “overweight” rating in a research report on Monday. Truist Financial boosted their target price on Citizens Financial Group from $69.00 to $72.00 and gave the stock a “hold” rating in a report on Wednesday, June 24th. Robert W. Baird reaffirmed a “neutral” rating and set a $72.00 price target on shares of Citizens Financial Group in a report on Monday. Evercore reaffirmed an “outperform” rating and set a $80.00 price objective on shares of Citizens Financial Group in a research report on Monday. Finally, Weiss Ratings upgraded shares of Citizens Financial Group from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 6th. Sixteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Citizens Financial Group has a consensus rating of “Moderate Buy” and a consensus target price of $74.35.

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.