Cwm LLC Purchases 5,771 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Cwm LLC raised its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 33.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,043 shares of the bank’s stock after acquiring an additional 5,771 shares during the quarter. Cwm LLC’s holdings in Citizens Financial Group were worth $764,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Czech National Bank grew its stake in Citizens Financial Group by 44.1% in the third quarter. Czech National Bank now owns 82,548 shares of the bank’s stock valued at $2,212,000 after purchasing an additional 25,253 shares in the last quarter. Asset Management One Co. Ltd. grew its stake in shares of Citizens Financial Group by 3.9% in the third quarter. Asset Management One Co. Ltd. now owns 207,507 shares of the bank’s stock valued at $5,561,000 after buying an additional 7,838 shares in the last quarter. Handelsbanken Fonder AB increased its holdings in Citizens Financial Group by 4.1% during the third quarter. Handelsbanken Fonder AB now owns 207,076 shares of the bank’s stock worth $5,550,000 after buying an additional 8,224 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its position in Citizens Financial Group by 3.0% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 129,930 shares of the bank’s stock worth $3,482,000 after acquiring an additional 3,844 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC acquired a new stake in Citizens Financial Group in the third quarter valued at $318,000. Institutional investors own 94.90% of the company’s stock.

Insider Buying and Selling at Citizens Financial Group

In other news, insider Craig Jack Read sold 6,327 shares of the stock in a transaction on Friday, April 19th. The stock was sold at an average price of $33.70, for a total transaction of $213,219.90. Following the sale, the insider now directly owns 37,558 shares of the company’s stock, valued at approximately $1,265,704.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.62% of the company’s stock.

Wall Street Analyst Weigh In

CFG has been the topic of several recent analyst reports. Wedbush lowered their price objective on shares of Citizens Financial Group from $38.00 to $35.00 and set a “neutral” rating on the stock in a research note on Thursday, April 18th. Piper Sandler upgraded Citizens Financial Group from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $35.00 to $41.00 in a research note on Friday. StockNews.com cut Citizens Financial Group from a “hold” rating to a “sell” rating in a research report on Saturday. Evercore ISI boosted their target price on Citizens Financial Group from $35.00 to $39.00 and gave the stock an “in-line” rating in a report on Thursday, March 28th. Finally, Barclays downgraded 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 report on Tuesday, January 2nd. One research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $37.13.

Citizens Financial Group Trading Down 0.5 %

CFG stock opened at $34.98 on Tuesday. Citizens Financial Group, Inc. has a 52 week low of $22.77 and a 52 week high of $36.38. The company has a market capitalization of $16.04 billion, a PE ratio of 12.67 and a beta of 1.38. The company’s 50-day simple moving average is $33.75 and its 200 day simple moving average is $31.07. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.87 and a current ratio of 0.87.

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

Citizens Financial Group Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $1.68 dividend on an annualized basis and a yield of 4.80%. Citizens Financial Group’s dividend payout ratio (DPR) is presently 60.87%.

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.