Citizens Financial Group, Inc. (NYSE:CFG) Shares Sold by Trust Investment Advisors

Trust Investment Advisors cut its stake in Citizens Financial Group, Inc. (NYSE:CFG) by 9.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 36,502 shares of the bank’s stock after selling 3,939 shares during the quarter. Trust Investment Advisors’ holdings in Citizens Financial Group were worth $1,597,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of CFG. Empowered Funds LLC lifted its stake in shares of Citizens Financial Group by 8.4% in the 3rd quarter. Empowered Funds LLC now owns 7,487 shares of the bank’s stock valued at $307,000 after purchasing an additional 579 shares during the period. Prospera Financial Services Inc acquired a new position in shares of Citizens Financial Group in the third quarter worth about $227,000. Commerce Bank boosted its stake in shares of Citizens Financial Group by 1.9% during the 3rd quarter. Commerce Bank now owns 13,177 shares of the bank’s stock worth $541,000 after acquiring an additional 250 shares in the last quarter. Raymond James Trust N.A. grew its position in shares of Citizens Financial Group by 22.3% during the 3rd quarter. Raymond James Trust N.A. now owns 8,743 shares of the bank’s stock valued at $359,000 after acquiring an additional 1,593 shares during the period. Finally, Cerity Partners LLC increased its stake in shares of Citizens Financial Group by 22.0% in the 3rd quarter. Cerity Partners LLC now owns 373,499 shares of the bank’s stock valued at $15,340,000 after purchasing an additional 67,241 shares in the last quarter. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on CFG. Barclays raised their price objective on Citizens Financial Group from $47.00 to $52.00 and gave the company an “equal weight” rating in a report on Monday, January 6th. Keefe, Bruyette & Woods lifted their price target on shares of Citizens Financial Group from $53.00 to $56.00 and gave the company a “market perform” rating in a research note on Tuesday, January 21st. Morgan Stanley reduced their price objective on shares of Citizens Financial Group from $60.00 to $54.00 and set an “equal weight” rating for the company in a research report on Thursday, March 13th. Piper Sandler lifted their target price on shares of Citizens Financial Group from $48.00 to $53.00 and gave the company an “overweight” rating in a research report on Tuesday, December 3rd. Finally, Stephens reissued an “overweight” rating and set a $53.00 target price on shares of Citizens Financial Group in a research note on Wednesday, January 29th. Nine equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $48.67.

Citizens Financial Group Price Performance

Shares of NYSE:CFG opened at $42.24 on Wednesday. Citizens Financial Group, Inc. has a 52-week low of $32.06 and a 52-week high of $49.25. The stock has a market cap of $18.46 billion, a P/E ratio of 13.94, a PEG ratio of 0.81 and a beta of 1.06. The business has a fifty day moving average of $45.01 and a two-hundred day moving average of $44.14. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.56.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings data on Friday, January 17th. The bank reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.02. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. The firm had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same quarter in the prior year, the firm posted $0.85 earnings per share. Citizens Financial Group’s quarterly revenue was down .1% on a year-over-year basis. On average, research analysts expect that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current year.

Citizens Financial Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were issued a dividend of $0.42 per share. The ex-dividend date was Friday, January 31st. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.98%. Citizens Financial Group’s dividend payout ratio is currently 55.45%.

Citizens Financial Group Company 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.