Citizens Financial Group, Inc. (NYSE:CFG) Shares Sold by Gladstone Institutional Advisory LLC

Gladstone Institutional Advisory LLC lessened its position in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 2.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,782 shares of the bank’s stock after selling 308 shares during the quarter. Gladstone Institutional Advisory LLC’s holdings in Citizens Financial Group were worth $472,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Costello Asset Management INC purchased a new position in shares of Citizens Financial Group in the 3rd quarter valued at about $25,000. Ashton Thomas Securities LLC acquired a new stake in Citizens Financial Group in the third quarter valued at approximately $27,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Citizens Financial Group in the third quarter valued at approximately $28,000. Ameliora Wealth Management Ltd. acquired a new position in shares of Citizens Financial Group during the 4th quarter worth approximately $28,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Citizens Financial Group during the 4th quarter valued at approximately $28,000. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Trading Up 0.8 %

CFG opened at $46.43 on Friday. The stock has a market capitalization of $20.46 billion, a PE ratio of 15.32, a P/E/G ratio of 0.84 and a beta of 1.10. Citizens Financial Group, Inc. has a one year low of $30.30 and a one year high of $49.25. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.85 and a current ratio of 0.85. The business’s 50 day moving average price is $45.76 and its 200 day moving average price is $43.72.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings results on Friday, January 17th. The bank reported $0.85 EPS for the quarter, beating the consensus estimate of $0.83 by $0.02. The business had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.96 billion. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The company’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.85 EPS. As a group, equities research analysts expect that Citizens Financial Group, Inc. will post 3.93 EPS for the current year.

Citizens Financial Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date of this dividend was Friday, January 31st. Citizens Financial Group’s dividend payout ratio is presently 55.45%.

Wall Street Analyst Weigh In

Several brokerages recently commented on CFG. Keefe, Bruyette & Woods upped their price objective on shares of Citizens Financial Group from $53.00 to $56.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 21st. Citigroup boosted their target price on shares of Citizens Financial Group from $50.00 to $58.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Stephens reiterated an “overweight” rating and issued a $53.00 price objective on shares of Citizens Financial Group in a report on Wednesday, January 29th. Truist Financial boosted their price objective on Citizens Financial Group from $49.00 to $54.00 and gave the stock a “hold” rating in a research note on Tuesday, January 21st. Finally, Piper Sandler raised their target price on Citizens Financial Group from $48.00 to $53.00 and gave the company an “overweight” rating in a research report on Tuesday, December 3rd. Nine equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $49.00.

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.