Citizens Financial Group, Inc. (NYSE:CFG) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lessened its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 5.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 62,416 shares of the bank’s stock after selling 3,695 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Citizens Financial Group were worth $2,068,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of CFG. Raymond James Financial Services Advisors Inc. grew its stake in Citizens Financial Group by 23.1% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 10,537 shares of the bank’s stock valued at $478,000 after purchasing an additional 1,980 shares in the last quarter. American Century Companies Inc. grew its position in shares of Citizens Financial Group by 29.7% in the 1st quarter. American Century Companies Inc. now owns 53,879 shares of the bank’s stock worth $2,442,000 after acquiring an additional 12,350 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of Citizens Financial Group by 6.6% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 57,027 shares of the bank’s stock worth $2,585,000 after acquiring an additional 3,531 shares in the last quarter. Yousif Capital Management LLC grew its position in shares of Citizens Financial Group by 9.3% in the 1st quarter. Yousif Capital Management LLC now owns 71,237 shares of the bank’s stock worth $3,229,000 after acquiring an additional 6,060 shares in the last quarter. Finally, Blair William & Co. IL grew its position in shares of Citizens Financial Group by 1.5% in the 1st quarter. Blair William & Co. IL now owns 38,619 shares of the bank’s stock worth $1,751,000 after acquiring an additional 586 shares in the last quarter. Institutional investors and hedge funds 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 stock was sold at an average price of $33.54, for a total value of $151,198.32. Following the sale, the insider now owns 43,885 shares of the company’s stock, valued at approximately $1,471,902.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.62% of the company’s stock.

Citizens Financial Group Stock Up 3.3 %

Shares of Citizens Financial Group stock opened at $33.99 on Friday. The business’s fifty day moving average price is $33.33 and its two-hundred day moving average price is $30.67. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.87 and a quick ratio of 0.88. The company has a market capitalization of $15.58 billion, a P/E ratio of 12.32 and a beta of 1.38. Citizens Financial Group, Inc. has a 1-year low of $22.77 and a 1-year high of $36.38.

Citizens Financial Group (NYSE:CFG) last announced its earnings results on Wednesday, April 17th. The bank reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.10). The business had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.96 billion. Citizens Financial Group had a net margin of 11.52% and a return on equity of 6.62%. The firm’s revenue was down 7.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.00 EPS. As a group, research analysts forecast that Citizens Financial Group, Inc. will post 3.24 EPS for the current year.

Citizens Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 4.94%. The ex-dividend date of this dividend is Tuesday, April 30th. Citizens Financial Group’s payout ratio is currently 60.87%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CFG. Morgan Stanley lifted their target price on Citizens Financial Group from $31.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 7th. TheStreet upgraded Citizens Financial Group from a “c+” rating to a “b-” rating in a research report on Tuesday, December 26th. Jefferies Financial Group raised their price target on Citizens Financial Group from $35.00 to $36.00 and gave the stock a “hold” rating in a report on Monday, April 8th. Barclays downgraded Citizens Financial Group from an “overweight” rating to an “equal weight” rating and raised their price target for the stock from $38.00 to $40.00 in a report on Tuesday, January 2nd. Finally, Royal Bank of Canada raised their price target on Citizens Financial Group from $33.00 to $35.00 and gave the stock an “outperform” rating in a report on Thursday, January 18th. Eleven analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $35.93.

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.