First Trust Direct Indexing L.P. Acquires 1,173 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

First Trust Direct Indexing L.P. increased its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 15.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,785 shares of the bank’s stock after buying an additional 1,173 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in Citizens Financial Group were worth $291,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of CFG. Lindbrook Capital LLC lifted its holdings in shares of Citizens Financial Group by 100.8% in the third quarter. Lindbrook Capital LLC now owns 988 shares of the bank’s stock worth $26,000 after acquiring an additional 496 shares during the last quarter. Larson Financial Group LLC bought a new position in Citizens Financial Group in the 4th quarter valued at approximately $33,000. Authentikos Wealth Advisory LLC bought a new stake in shares of Citizens Financial Group during the third quarter worth $40,000. CVA Family Office LLC acquired a new position in shares of Citizens Financial Group during the fourth quarter worth $40,000. Finally, Blue Trust Inc. increased its holdings in shares of Citizens Financial Group by 77.6% during the fourth quarter. Blue Trust Inc. now owns 1,314 shares of the bank’s stock worth $44,000 after buying an additional 574 shares in the last quarter. 94.90% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Craig Jack Read sold 6,327 shares of the business’s stock in a transaction dated Friday, April 19th. The stock was sold at an average price of $33.70, for a total value of $213,219.90. Following the transaction, the insider now directly owns 37,558 shares of the company’s stock, valued at approximately $1,265,704.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.62% of the stock is owned by company insiders.

Citizens Financial Group Stock Down 0.5 %

Shares of CFG opened at $35.57 on Wednesday. The company has a market capitalization of $16.31 billion, a PE ratio of 12.89 and a beta of 1.36. Citizens Financial Group, Inc. has a 12 month low of $22.77 and a 12 month high of $36.38. The stock’s 50-day moving average price is $34.24 and its two-hundred day moving average price is $31.47. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.63.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings data 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). The business had revenue of $1.96 billion during the quarter, compared to analyst estimates 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 for the quarter was down 7.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.00 earnings per share. On average, analysts anticipate that Citizens Financial Group, Inc. will post 3.23 EPS for the current year.

Citizens Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.72%. The ex-dividend date is Tuesday, April 30th. Citizens Financial Group’s dividend payout ratio is 60.87%.

Analysts Set New Price Targets

CFG has been the topic of a number of research reports. JPMorgan Chase & Co. reduced their price objective on Citizens Financial Group from $36.50 to $36.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 1st. Keefe, Bruyette & Woods upped their price objective on Citizens Financial Group from $35.00 to $39.00 and gave the company a “market perform” rating in a research note on Friday, April 5th. Citigroup lifted their target price on shares of Citizens Financial Group from $39.00 to $43.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. UBS Group upped their price target on shares of Citizens Financial Group from $37.00 to $38.00 and gave the company a “buy” rating in a research report on Thursday, January 18th. Finally, Wedbush dropped their price target on shares of Citizens Financial Group from $38.00 to $35.00 and set a “neutral” rating for the company in a research note on Thursday, April 18th. Ten research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Citizens Financial Group has an average rating of “Hold” and an average price target of $37.73.

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.