Wells Fargo & Company MN decreased its holdings in Citizens Financial Group, Inc. (NYSE:CFG – Free Report) by 2.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 488,363 shares of the bank’s stock after selling 14,168 shares during the period. Wells Fargo & Company MN owned approximately 0.10% of Citizens Financial Group worth $16,184,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of CFG. Coldstream Capital Management Inc. boosted its position in Citizens Financial Group by 22.7% in the fourth quarter. Coldstream Capital Management Inc. now owns 15,031 shares of the bank’s stock valued at $498,000 after buying an additional 2,785 shares in the last quarter. Gladstone Institutional Advisory LLC raised its position in Citizens Financial Group by 5.3% in the fourth quarter. Gladstone Institutional Advisory LLC now owns 11,574 shares of the bank’s stock valued at $384,000 after purchasing an additional 584 shares during the last quarter. Norges Bank acquired a new stake in shares of Citizens Financial Group during the fourth quarter valued at about $117,372,000. Equity Investment Corp bought a new stake in shares of Citizens Financial Group during the fourth quarter worth about $233,000. Finally, Quadrant Capital Group LLC increased its stake in shares of Citizens Financial Group by 13.7% in the fourth quarter. Quadrant Capital Group LLC now owns 6,266 shares of the bank’s stock valued at $208,000 after buying an additional 756 shares during the period. 94.90% of the stock is owned by institutional investors and hedge funds.
Citizens Financial Group Stock Up 2.6 %
CFG opened at $35.29 on Friday. The company’s 50-day moving average price is $35.06 and its two-hundred day moving average price is $32.79. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.63. Citizens Financial Group, Inc. has a twelve month low of $22.77 and a twelve month high of $37.30. The stock has a market cap of $16.06 billion, a price-to-earnings ratio of 12.79, a PEG ratio of 1.33 and a beta of 1.12.
Citizens Financial Group (NYSE:CFG – Get Free Report) last announced its quarterly earnings data on Wednesday, April 17th. The bank reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.10). Citizens Financial Group had a net margin of 11.52% and a return on equity of 6.62%. The firm had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same period last year, the company posted $1.00 earnings per share. Citizens Financial Group’s revenue for the quarter was down 7.9% on a year-over-year basis. As a group, equities analysts expect that Citizens Financial Group, Inc. will post 3.15 earnings per share for the current year.
Citizens Financial Group Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st were paid a $0.42 dividend. The ex-dividend date was Tuesday, April 30th. This represents a $1.68 annualized dividend and a dividend yield of 4.76%. Citizens Financial Group’s payout ratio is 60.87%.
Insider Activity at Citizens Financial Group
In other Citizens Financial Group news, insider Craig Jack Read sold 6,327 shares of the business’s stock in a transaction on Friday, April 19th. The shares were sold at an average price of $33.70, for a total transaction of $213,219.90. Following the sale, the insider now owns 37,558 shares of the company’s stock, valued at approximately $1,265,704.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.62% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
Several research analysts recently issued reports on the company. JPMorgan Chase & Co. lowered their target price on Citizens Financial Group from $36.50 to $36.00 and set a “neutral” rating for the company in a research report on Wednesday, May 1st. Keefe, Bruyette & Woods upped their target price on Citizens Financial Group from $35.00 to $39.00 and gave the company a “market perform” rating in a report on Friday, April 5th. Citigroup increased their target price on shares of Citizens Financial Group from $39.00 to $43.00 and gave the company a “buy” rating in a research report on Friday, April 19th. StockNews.com upgraded shares of Citizens Financial Group from a “sell” rating to a “hold” rating in a research report on Sunday, May 5th. Finally, Morgan Stanley increased their price objective on shares of Citizens Financial Group from $31.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 7th. Ten equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Citizens Financial Group has an average rating of “Hold” and an average price target of $37.73.
Get Our Latest Research Report on Citizens Financial Group
Citizens Financial Group Profile
Citizens Financial Group, Inc operates as the bank holding company that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, corporations, and institutions in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.
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