IFG Advisory LLC Raises Stake in Citizens Financial Group, Inc. (NYSE:CFG)

IFG Advisory LLC increased its holdings in Citizens Financial Group, Inc. (NYSE:CFGFree Report) by 7.0% in the 4th quarter, Holdings Channel reports. The fund owned 10,662 shares of the bank’s stock after buying an additional 699 shares during the quarter. IFG Advisory LLC’s holdings in Citizens Financial Group were worth $353,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Lindbrook Capital LLC increased its position in Citizens Financial Group by 100.8% during the 3rd quarter. Lindbrook Capital LLC now owns 988 shares of the bank’s stock valued at $26,000 after buying an additional 496 shares in the last quarter. Resurgent Financial Advisors LLC bought a new stake in Citizens Financial Group during the 4th quarter valued at about $28,000. Clear Street Markets LLC increased its stake in Citizens Financial Group by 93.6% during the 1st quarter. Clear Street Markets LLC now owns 964 shares of the bank’s stock valued at $29,000 after purchasing an additional 466 shares in the last quarter. Authentikos Wealth Advisory LLC bought a new stake in Citizens Financial Group during the 3rd quarter valued at about $40,000. Finally, CVA Family Office LLC bought a new stake in Citizens Financial Group during the 4th quarter valued at about $40,000. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Insider Transactions at Citizens Financial Group

In other news, insider Craig Jack Read sold 4,508 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $33.54, for a total value of $151,198.32. Following the transaction, the insider now owns 43,885 shares of the company’s stock, valued at $1,471,902.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.62% of the company’s stock.

Citizens Financial Group Price Performance

Shares of NYSE:CFG opened at $36.29 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.88. Citizens Financial Group, Inc. has a 1-year low of $22.77 and a 1-year high of $36.35. The company has a market capitalization of $16.64 billion, a P/E ratio of 11.67 and a beta of 1.36. The firm’s 50 day simple moving average is $32.84 and its two-hundred day simple moving average is $29.85.

Citizens Financial Group (NYSE:CFGGet Free Report) last issued its quarterly earnings results on Wednesday, January 17th. The bank reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.26). Citizens Financial Group had a net margin of 13.19% and a return on equity of 7.40%. The firm had revenue of $2 billion for the quarter, compared to analysts’ expectations of $2 billion. During the same period in the prior year, the firm earned $1.25 EPS. Citizens Financial Group’s revenue for the quarter was down 9.2% compared to the same quarter last year. Research analysts expect that Citizens Financial Group, Inc. will post 3.2 EPS for the current fiscal year.

Citizens Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 14th. Stockholders of record on Wednesday, January 31st were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 4.63%. The ex-dividend date was Tuesday, January 30th. Citizens Financial Group’s dividend payout ratio (DPR) is presently 54.02%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Royal Bank of Canada raised their price objective on shares of Citizens Financial Group from $33.00 to $35.00 and gave the company an “outperform” rating in a research note on Thursday, January 18th. Morgan Stanley lifted their price target on shares of Citizens Financial Group from $31.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 7th. Wedbush reduced their price target on shares of Citizens Financial Group from $36.00 to $35.00 and set a “neutral” rating for the company in a research note on Thursday, January 18th. Evercore ISI lifted their price target on shares of Citizens Financial Group from $35.00 to $39.00 and gave the stock an “in-line” rating in a research note on Thursday. Finally, TheStreet upgraded shares of Citizens Financial Group from a “c+” rating to a “b-” rating in a research note on Tuesday, December 26th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $35.63.

Check Out Our Latest Analysis on Citizens Financial Group

Citizens Financial Group Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Citizens Financial Group (NYSE:CFG)

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