Citizens Financial Group, Inc. $CFG Position Increased by Altfest L J & Co. Inc.

Altfest L J & Co. Inc. raised its position in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 132.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 35,104 shares of the bank’s stock after buying an additional 20,009 shares during the quarter. Altfest L J & Co. Inc.’s holdings in Citizens Financial Group were worth $2,050,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in CFG. NewEdge Advisors LLC increased its holdings in shares of Citizens Financial Group by 2.4% in the 1st quarter. NewEdge Advisors LLC now owns 11,531 shares of the bank’s stock valued at $472,000 after purchasing an additional 274 shares during the period. Empowered Funds LLC increased its holdings in shares of Citizens Financial Group by 6.7% in the 1st quarter. Empowered Funds LLC now owns 8,838 shares of the bank’s stock valued at $362,000 after purchasing an additional 554 shares during the period. Woodline Partners LP increased its holdings in shares of Citizens Financial Group by 39.5% in the 1st quarter. Woodline Partners LP now owns 36,932 shares of the bank’s stock valued at $1,513,000 after purchasing an additional 10,466 shares during the period. Sivia Capital Partners LLC increased its holdings in shares of Citizens Financial Group by 93.4% in the 2nd quarter. Sivia Capital Partners LLC now owns 9,814 shares of the bank’s stock valued at $439,000 after purchasing an additional 4,739 shares during the period. Finally, Daiwa Securities Group Inc. increased its holdings in shares of Citizens Financial Group by 5.2% in the 2nd quarter. Daiwa Securities Group Inc. now owns 65,564 shares of the bank’s stock valued at $2,934,000 after purchasing an additional 3,225 shares during the period. Institutional investors and hedge funds own 94.90% of the company’s stock.

Insider Buying and Selling

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

Citizens Financial Group Stock Down 1.2%

CFG stock opened at $64.20 on Friday. Citizens Financial Group, Inc. has a 1 year low of $33.73 and a 1 year high of $68.79. 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 company has a fifty day simple moving average of $61.57 and a 200 day simple moving average of $57.69. The firm has a market cap of $27.28 billion, a PE ratio of 16.59, a PEG ratio of 0.52 and a beta of 0.70.

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

Citizens Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 18th. Shareholders of record on Wednesday, February 4th were issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 2.9%. The ex-dividend date was Wednesday, February 4th. Citizens Financial Group’s dividend payout ratio (DPR) is 47.55%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on CFG shares. Truist Financial dropped their target price on Citizens Financial Group from $71.00 to $63.00 and set a “hold” rating on the stock in a report on Monday, March 23rd. JPMorgan Chase & Co. dropped their target price on Citizens Financial Group from $71.00 to $68.00 and set an “overweight” rating on the stock in a report on Tuesday, April 7th. Royal Bank Of Canada upped their target price on Citizens Financial Group from $60.00 to $67.00 and gave the company an “outperform” rating in a report on Thursday, January 22nd. The Goldman Sachs Group restated a “buy” rating and issued a $73.00 price objective on shares of Citizens Financial Group in a report on Tuesday, January 6th. Finally, Robert W. Baird upgraded Citizens Financial Group from a “neutral” rating to an “outperform” rating and set a $65.00 price objective on the stock in a report on Monday, March 9th. Twenty equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $69.14.

Citizens Financial Group Profile

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.