Citizens Financial Group, Inc. $CFG Shares Sold by Boothbay Fund Management LLC

Boothbay Fund Management LLC lowered its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 32.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 64,676 shares of the bank’s stock after selling 30,394 shares during the period. Boothbay Fund Management LLC’s holdings in Citizens Financial Group were worth $3,438,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. NewEdge Advisors LLC increased its stake in Citizens Financial Group by 2.4% during the 1st quarter. NewEdge Advisors LLC now owns 11,531 shares of the bank’s stock worth $472,000 after buying an additional 274 shares in the last quarter. Empowered Funds LLC lifted its position in shares of Citizens Financial Group by 6.7% in the first quarter. Empowered Funds LLC now owns 8,838 shares of the bank’s stock valued at $362,000 after acquiring an additional 554 shares in the last quarter. Woodline Partners LP boosted its stake in shares of Citizens Financial Group by 39.5% in the first quarter. Woodline Partners LP now owns 36,932 shares of the bank’s stock worth $1,513,000 after acquiring an additional 10,466 shares during the last quarter. Sivia Capital Partners LLC increased its position in shares of Citizens Financial Group by 93.4% during the second quarter. Sivia Capital Partners LLC now owns 9,814 shares of the bank’s stock worth $439,000 after purchasing an additional 4,739 shares in the last quarter. Finally, Allworth Financial LP raised its stake in Citizens Financial Group by 19.1% in the 2nd quarter. Allworth Financial LP now owns 3,574 shares of the bank’s stock valued at $160,000 after purchasing an additional 572 shares during the last quarter. 94.90% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Citizens Financial Group

In other news, insider Susan Lamonica sold 13,258 shares of the company’s stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $58.04, for a total value of $769,494.32. Following the transaction, the insider owned 165,971 shares of the company’s stock, valued at $9,632,956.84. This represents a 7.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.67% of the stock is currently owned by company insiders.

Citizens Financial Group Trading Up 1.2%

Shares of CFG opened at $56.31 on Tuesday. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.46. The firm has a 50-day moving average price of $62.31 and a 200 day moving average price of $56.70. Citizens Financial Group, Inc. has a 12-month low of $32.60 and a 12-month high of $68.79. The firm has a market capitalization of $23.93 billion, a P/E ratio of 14.55, a P/E/G ratio of 0.45 and a beta of 0.70.

Citizens Financial Group (NYSE:CFG) last posted its earnings results on Wednesday, January 21st. The bank reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.02. Citizens Financial Group had a net margin of 15.19% and a return on equity of 7.81%. The company had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.16 billion. During the same period in the previous year, the business posted $0.85 EPS. Citizens Financial Group’s revenue was up 8.6% on a year-over-year basis. Sell-side analysts forecast that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 18th. Shareholders of record on Wednesday, February 4th were given a $0.46 dividend. The ex-dividend date was Wednesday, February 4th. This represents a $1.84 dividend on an annualized basis and a yield of 3.3%. Citizens Financial Group’s payout ratio is currently 47.55%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CFG. Morgan Stanley lifted their target price on shares of Citizens Financial Group from $73.00 to $80.00 and gave the stock an “overweight” rating in a research note on Monday, March 2nd. The Goldman Sachs Group reissued a “buy” rating and issued a $73.00 price target on shares of Citizens Financial Group in a research note on Tuesday, January 6th. Keefe, Bruyette & Woods boosted their price target on shares of Citizens Financial Group from $68.00 to $70.00 and gave the stock an “outperform” rating in a research report on Thursday, January 22nd. New Street Research set a $73.00 price objective on shares of Citizens Financial Group in a research note on Thursday, January 22nd. Finally, Royal Bank Of Canada raised their target price on shares of Citizens Financial Group from $60.00 to $67.00 and gave the stock an “outperform” rating in a research note on Thursday, January 22nd. Twenty research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $69.95.

About Citizens Financial Group

Citizens Financial Group, Inc (NYSE: CFG) is a bank holding company that provides a broad range of banking and financial services to individuals, small and middle-market businesses, corporations and institutional clients. Headquartered in Providence, Rhode Island, Citizens conducts its banking operations principally through its primary banking subsidiary, Citizens Bank, and serves customers through a combination of branch locations, ATMs and digital channels. The company is publicly traded and operates under the regulatory framework applicable to U.S.