Venturi Wealth Management LLC Sells 589 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Venturi Wealth Management LLC cut its stake in Citizens Financial Group, Inc. (NYSE:CFG) by 14.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,487 shares of the bank’s stock after selling 589 shares during the quarter. Venturi Wealth Management LLC’s holdings in Citizens Financial Group were worth $153,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Costello Asset Management INC bought a new stake in shares of Citizens Financial Group in the 3rd quarter valued at about $25,000. Ashton Thomas Securities LLC bought a new stake in shares of Citizens Financial Group in the 3rd quarter valued at about $27,000. Catalyst Capital Advisors LLC bought a new stake in shares of Citizens Financial Group in the 3rd quarter valued at about $28,000. Ameliora Wealth Management Ltd. bought a new stake in shares of Citizens Financial Group in the 4th quarter valued at about $28,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Citizens Financial Group in the 4th quarter valued at about $28,000. 94.90% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on CFG shares. Piper Sandler upped their price target on Citizens Financial Group from $48.00 to $53.00 and gave the company an “overweight” rating in a research note on Tuesday, December 3rd. Compass Point boosted their price objective on Citizens Financial Group from $45.00 to $57.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Keefe, Bruyette & Woods boosted their price objective on Citizens Financial Group from $53.00 to $56.00 and gave the company a “market perform” rating in a research report on Tuesday, January 21st. Citigroup boosted their price objective on Citizens Financial Group from $50.00 to $58.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Finally, Barclays boosted their price objective on Citizens Financial Group from $47.00 to $52.00 and gave the company an “equal weight” rating in a research report on Monday, January 6th. 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 company. According to MarketBeat, Citizens Financial Group presently has an average rating of “Moderate Buy” and an average target price of $49.00.

Citizens Financial Group Trading Down 2.8 %

NYSE CFG opened at $44.87 on Friday. The company has a market cap of $19.61 billion, a PE ratio of 14.81, a PEG ratio of 0.81 and a beta of 1.10. 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 12 month low of $30.30 and a 12 month high of $49.25. The stock has a 50 day moving average of $45.79 and a 200-day moving average of $43.93.

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

Citizens Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 3.74%. The ex-dividend date was Friday, January 31st. Citizens Financial Group’s payout ratio is presently 55.45%.

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.