Citizens Financial Group Inc. RI Sells 23,948 Shares of Citizens Financial Group, Inc. $CFG

Citizens Financial Group Inc. RI cut its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 7.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 315,426 shares of the bank’s stock after selling 23,948 shares during the period. Citizens Financial Group Inc. RI’s holdings in Citizens Financial Group were worth $18,916,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of CFG. Parallel Advisors LLC increased its position in shares of Citizens Financial Group by 2.9% during the 4th quarter. Parallel Advisors LLC now owns 6,078 shares of the bank’s stock valued at $355,000 after purchasing an additional 172 shares during the last quarter. AA Financial Advisors LLC lifted its position in Citizens Financial Group by 3.9% in the fourth quarter. AA Financial Advisors LLC now owns 4,657 shares of the bank’s stock worth $272,000 after buying an additional 174 shares during the last quarter. Inscription Capital LLC boosted its stake in Citizens Financial Group by 1.6% during the fourth quarter. Inscription Capital LLC now owns 10,902 shares of the bank’s stock worth $637,000 after buying an additional 175 shares during the period. Clear Harbor Asset Management LLC boosted its stake in Citizens Financial Group by 0.9% during the fourth quarter. Clear Harbor Asset Management LLC now owns 19,694 shares of the bank’s stock worth $1,150,000 after buying an additional 175 shares during the period. Finally, Grove Bank & Trust increased its position in Citizens Financial Group by 19.8% during the fourth 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. 94.90% of the stock is owned by institutional investors.

Insider Transactions at Citizens Financial Group

In other Citizens Financial Group news, insider Michelle Moosally sold 6,050 shares of the firm’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $62.16, for a total transaction of $376,068.00. Following the transaction, the insider directly owned 22,565 shares in the company, valued at $1,402,640.40. This trade represents a 21.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.67% of the stock is currently owned by company insiders.

Citizens Financial Group Trading Up 0.7%

Shares of CFG traded up $0.50 during trading hours on Friday, reaching $70.36. 3,690,539 shares of the company traded hands, compared to its average volume of 4,578,129. The stock’s fifty day moving average price is $65.71 and its 200 day moving average price is $63.17. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.51. The firm has a market cap of $29.75 billion, a price-to-earnings ratio of 16.63, a PEG ratio of 0.58 and a beta of 0.67. Citizens Financial Group, Inc. has a 12-month low of $45.90 and a 12-month high of $72.94.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings results on Thursday, April 16th. The bank reported $1.13 EPS for the quarter, topping the consensus estimate of $1.10 by $0.03. The company had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.16 billion. Citizens Financial Group had a net margin of 16.21% and a return on equity of 8.31%. The firm’s revenue was up 12.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.77 EPS. Sell-side analysts forecast that Citizens Financial Group, Inc. will post 5.22 earnings per share for the current year.

Citizens Financial Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Thursday, April 30th were issued a $0.46 dividend. The ex-dividend date 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 payout ratio is presently 43.50%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods increased their target price on shares of Citizens Financial Group from $70.00 to $72.00 and gave the company an “outperform” rating in a research note on Friday, April 17th. Citigroup downgraded shares of Citizens Financial Group from a “buy” rating to a “hold” rating in a report on Monday, July 6th. Weiss Ratings raised shares of Citizens Financial Group from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, May 6th. Truist Financial boosted their target price on Citizens Financial Group from $69.00 to $72.00 and gave the company a “hold” rating in a research report on Wednesday, June 24th. Finally, Stephens assumed coverage on Citizens Financial Group in a research note on Monday, June 15th. They set an “equal weight” rating on the stock. Sixteen investment 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 presently has an average 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.