Los Angeles Capital Management LLC Purchases Shares of 50,525 Citizens Financial Group, Inc. (NYSE:CFG)

Los Angeles Capital Management LLC acquired a new position in shares of Citizens Financial Group, Inc. (NYSE:CFG) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 50,525 shares of the bank’s stock, valued at approximately $1,674,000.

Other institutional investors also recently modified their holdings of the company. Lindbrook Capital LLC raised its position in Citizens Financial Group by 100.8% in the 3rd quarter. Lindbrook Capital LLC now owns 988 shares of the bank’s stock valued at $26,000 after purchasing an additional 496 shares during the last quarter. Larson Financial Group LLC bought a new position in shares of Citizens Financial Group in the fourth quarter valued at about $33,000. Authentikos Wealth Advisory LLC acquired a new position in Citizens Financial Group during the 3rd quarter worth about $40,000. CVA Family Office LLC acquired a new stake in Citizens Financial Group in the 4th quarter valued at about $40,000. Finally, Blue Trust Inc. raised its stake in shares of Citizens Financial Group by 77.6% in the fourth quarter. Blue Trust Inc. now owns 1,314 shares of the bank’s stock worth $44,000 after acquiring an additional 574 shares during the last quarter. Institutional investors own 94.90% of the company’s stock.

Insider Buying and Selling

In other Citizens Financial Group news, insider Craig Jack Read sold 4,508 shares of Citizens Financial Group stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $33.54, for a total value of $151,198.32. Following the sale, the insider now directly owns 43,885 shares in the company, valued at approximately $1,471,902.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.62% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Jefferies Financial Group increased their price target on shares of Citizens Financial Group from $35.00 to $36.00 and gave the company a “hold” rating in a research note on Monday, April 8th. Morgan Stanley boosted their target price 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. JPMorgan Chase & Co. lowered their price objective on Citizens Financial Group from $36.50 to $36.00 and set a “neutral” rating for the company in a research report on Wednesday, May 1st. Piper Sandler upgraded shares of Citizens Financial Group from a “neutral” rating to an “overweight” rating and upped their target price for the company from $35.00 to $41.00 in a research report on Friday, April 26th. Finally, Royal Bank of Canada boosted their price target on shares of Citizens Financial Group from $33.00 to $35.00 and gave the stock an “outperform” rating in a research note on Thursday, January 18th. Ten investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $37.73.

Citizens Financial Group Trading Down 0.5 %

Shares of NYSE:CFG opened at $35.57 on Wednesday. The firm has a market cap of $16.31 billion, a price-to-earnings ratio of 12.89 and a beta of 1.36. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.63. Citizens Financial Group, Inc. has a 12 month low of $22.77 and a 12 month high of $36.38. The company’s fifty day simple moving average is $34.24 and its 200 day simple moving average is $31.47.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings results on Wednesday, April 17th. The bank reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.10). Citizens Financial Group had a net margin of 11.52% and a return on equity of 6.62%. The firm had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter last year, the firm earned $1.00 earnings per share. The business’s revenue for the quarter was down 7.9% on a year-over-year basis. As a group, research analysts forecast that Citizens Financial Group, Inc. will post 3.23 EPS for the current fiscal 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 given 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 of this dividend is Tuesday, April 30th. Citizens Financial Group’s dividend payout ratio is presently 60.87%.

Citizens Financial Group Company 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.