McGlone Suttner Wealth Management Inc. Invests $94,000 in Citizens Financial Group, Inc. (NYSE:CFG)

McGlone Suttner Wealth Management Inc. acquired a new position in shares of Citizens Financial Group, Inc. (NYSE:CFGFree Report) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 2,838 shares of the bank’s stock, valued at approximately $94,000.

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

Citizens Financial Group Price Performance

Shares of NYSE:CFG opened at $36.29 on Friday. The company’s fifty day moving average price is $32.84 and its 200 day moving average price is $29.85. Citizens Financial Group, Inc. has a 12 month low of $22.77 and a 12 month high of $36.35. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a market capitalization of $16.64 billion, a P/E ratio of 11.67 and a beta of 1.36.

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

Citizens Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 14th. Investors of record on Wednesday, January 31st were paid a dividend of $0.42 per share. The ex-dividend date was Tuesday, January 30th. This represents a $1.68 annualized dividend and a yield of 4.63%. Citizens Financial Group’s dividend payout ratio is currently 54.02%.

Analyst Ratings Changes

Several equities analysts have commented on CFG shares. TheStreet raised shares of Citizens Financial Group from a “c+” rating to a “b-” rating in a research report on Tuesday, December 26th. Barclays cut shares of Citizens Financial Group from an “overweight” rating to an “equal weight” rating and raised their price target for the company from $38.00 to $40.00 in a research report on Tuesday, January 2nd. Morgan Stanley raised their price target on shares of Citizens Financial Group from $31.00 to $39.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 7th. Evercore ISI raised their price target on shares of Citizens Financial Group from $35.00 to $39.00 and gave the company an “in-line” rating in a research report on Thursday. Finally, Wedbush decreased 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 report on Thursday, January 18th. One equities research 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. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $35.63.

View Our Latest Research Report on Citizens Financial Group

Insider Buying and Selling

In related news, insider Craig Jack Read sold 4,508 shares of Citizens Financial Group stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $33.54, for a total transaction of $151,198.32. Following the sale, the insider now directly owns 43,885 shares in the company, valued at approximately $1,471,902.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.62% of the stock is owned by company insiders.

About Citizens Financial Group

(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.

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

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