Larson Financial Group LLC Makes New $33,000 Investment in Citizens Financial Group, Inc. (NYSE:CFG)

Larson Financial Group LLC purchased a new position in Citizens Financial Group, Inc. (NYSE:CFG) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,000 shares of the bank’s stock, valued at approximately $33,000.

Other large investors also recently modified their holdings of the company. Meeder Asset Management Inc. bought a new stake in shares of Citizens Financial Group in the fourth quarter worth about $1,959,000. Alps Advisors Inc. boosted its position in shares of Citizens Financial Group by 32.5% during the third quarter. Alps Advisors Inc. now owns 12,212 shares of the bank’s stock worth $327,000 after buying an additional 2,992 shares during the period. ANTIPODES PARTNERS Ltd boosted its position in shares of Citizens Financial Group by 49.9% during the fourth quarter. ANTIPODES PARTNERS Ltd now owns 1,296,648 shares of the bank’s stock worth $42,970,000 after buying an additional 431,624 shares during the period. SeaTown Holdings Pte. Ltd. boosted its position in shares of Citizens Financial Group by 3,222.9% during the third quarter. SeaTown Holdings Pte. Ltd. now owns 1,163,000 shares of the bank’s stock worth $31,168,000 after buying an additional 1,128,000 shares during the period. Finally, Kornitzer Capital Management Inc. KS boosted its position in shares of Citizens Financial Group by 1.4% during the fourth quarter. Kornitzer Capital Management Inc. KS now owns 539,730 shares of the bank’s stock worth $17,887,000 after buying an additional 7,205 shares during the period. 94.90% of the stock is currently owned by institutional investors.

Citizens Financial Group Price Performance

NYSE:CFG opened at $35.14 on Friday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.63. The stock’s 50 day moving average price is $33.68 and its two-hundred day moving average price is $30.95. The firm has a market capitalization of $16.11 billion, a price-to-earnings ratio of 12.73 and a beta of 1.38. Citizens Financial Group, Inc. has a 12-month low of $22.77 and a 12-month high of $36.38.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings data on Wednesday, April 17th. The bank reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.10). The business had revenue of $1.96 billion during 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%. Citizens Financial Group’s quarterly revenue was down 7.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.00 EPS. On average, analysts anticipate that Citizens Financial Group, Inc. will post 3.24 earnings per share for the current year.

Citizens Financial Group Announces Dividend

The firm 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 $0.42 dividend. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $1.68 annualized dividend and a yield of 4.78%. Citizens Financial Group’s dividend payout ratio is 60.87%.

Wall Street Analysts Forecast Growth

CFG has been the subject of several recent research reports. Morgan Stanley upped their price objective 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. Citigroup upped their price objective on Citizens Financial Group from $39.00 to $43.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. Piper Sandler raised Citizens Financial Group from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $35.00 to $41.00 in a research report on Friday. UBS Group upped their price objective on Citizens Financial Group from $37.00 to $38.00 and gave the stock a “buy” rating in a research report on Thursday, January 18th. Finally, Wedbush reduced their price objective on Citizens Financial Group from $38.00 to $35.00 and set a “neutral” rating for the company in a research report on Thursday, April 18th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Citizens Financial Group has an average rating of “Hold” and an average target price of $37.13.

Insider Buying and Selling at Citizens Financial Group

In other Citizens Financial Group news, insider Craig Jack Read sold 6,327 shares of the company’s stock in a transaction that occurred on Friday, April 19th. The stock was sold at an average price of $33.70, for a total value of $213,219.90. Following the sale, the insider now owns 37,558 shares in the company, valued at $1,265,704.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.62% of the company’s stock.

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.