Citizens Financial Group, Inc. (NYSE:CFG) Stock Holdings Lowered by FSC Wealth Advisors LLC

FSC Wealth Advisors LLC cut its position in Citizens Financial Group, Inc. (NYSE:CFG) by 16.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,464 shares of the bank’s stock after selling 500 shares during the quarter. FSC Wealth Advisors LLC’s holdings in Citizens Financial Group were worth $108,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CFG. Costello Asset Management INC acquired a new stake in Citizens Financial Group in the third quarter worth about $25,000. Ashton Thomas Securities LLC acquired a new stake in shares of Citizens Financial Group in the 3rd quarter worth approximately $27,000. Catalyst Capital Advisors LLC bought a new position in shares of Citizens Financial Group in the third quarter valued at approximately $28,000. Legacy Investment Solutions LLC acquired a new position in shares of Citizens Financial Group during the third quarter valued at approximately $48,000. Finally, Friedenthal Financial bought a new stake in Citizens Financial Group during the third quarter worth approximately $50,000. 94.90% of the stock is owned by institutional investors and hedge funds.

Citizens Financial Group Trading Up 0.2 %

NYSE CFG opened at $47.58 on Tuesday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.56. Citizens Financial Group, Inc. has a 1-year low of $30.24 and a 1-year high of $49.25. The firm’s fifty day simple moving average is $45.74 and its 200-day simple moving average is $43.12. The company has a market capitalization of $20.97 billion, a PE ratio of 15.70, a price-to-earnings-growth ratio of 0.82 and a beta of 1.10.

Citizens Financial Group (NYSE:CFG) last issued its earnings results on Friday, January 17th. The bank reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.02. The company had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1,962,330 billion. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The business’s revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.85 EPS. As a group, sell-side analysts anticipate that Citizens Financial Group, Inc. will post 3.94 earnings per share for the current fiscal year.

Citizens Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 3.53%. The ex-dividend date is Friday, January 31st. Citizens Financial Group’s payout ratio is presently 55.45%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Royal Bank of Canada raised their target price on Citizens Financial Group from $43.00 to $45.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. StockNews.com raised Citizens Financial Group from a “sell” rating to a “hold” rating in a report on Thursday, October 17th. Evercore ISI reduced their price objective on Citizens Financial Group from $47.00 to $46.00 and set an “in-line” rating for the company in a research note on Wednesday, October 2nd. DA Davidson boosted their target price on Citizens Financial Group from $46.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. Finally, Stephens reissued an “overweight” rating and issued a $53.00 price target on shares of Citizens Financial Group in a research note on Tuesday, January 21st. Nine equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Citizens Financial Group currently has a consensus rating of “Moderate Buy” and an average target price of $49.00.

About Citizens Financial Group

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.