Citizens Financial Group, Inc. (NYSE:CFG) Shares Acquired by Connable Office Inc.

Connable Office Inc. lifted its stake in Citizens Financial Group, Inc. (NYSE:CFGFree Report) by 2.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,319 shares of the bank’s stock after purchasing an additional 443 shares during the period. Connable Office Inc.’s holdings in Citizens Financial Group were worth $574,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Fuller & Thaler Asset Management Inc. raised its holdings in Citizens Financial Group by 5.7% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 11,594,481 shares of the bank’s stock valued at $310,732,000 after acquiring an additional 621,715 shares in the last quarter. Wellington Management Group LLP increased its holdings in Citizens Financial Group by 217.5% in the third quarter. Wellington Management Group LLP now owns 7,978,410 shares of the bank’s stock valued at $213,821,000 after buying an additional 5,465,824 shares during the last quarter. LSV Asset Management raised its stake in Citizens Financial Group by 1.5% in the fourth quarter. LSV Asset Management now owns 6,504,591 shares of the bank’s stock valued at $215,562,000 after buying an additional 95,292 shares in the last quarter. Royal Bank of Canada boosted its position in shares of Citizens Financial Group by 6.4% during the 3rd quarter. Royal Bank of Canada now owns 5,532,398 shares of the bank’s stock worth $148,268,000 after acquiring an additional 332,222 shares in the last quarter. Finally, Northern Trust Corp raised its position in shares of Citizens Financial Group by 3.6% during the 3rd quarter. Northern Trust Corp now owns 4,825,592 shares of the bank’s stock worth $129,326,000 after acquiring an additional 168,157 shares in the last quarter. 94.90% of the stock is owned by institutional investors and hedge funds.

Citizens Financial Group Stock Up 0.7 %

Shares of Citizens Financial Group stock traded up $0.23 on Monday, hitting $35.35. 2,349,500 shares of the company’s stock traded hands, compared to its average volume of 5,395,803. Citizens Financial Group, Inc. has a 52-week low of $22.77 and a 52-week high of $37.30. 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 has a market cap of $16.08 billion, a P/E ratio of 12.81, a PEG ratio of 1.38 and a beta of 1.36. The firm’s 50-day moving average is $35.07 and its 200 day moving average is $32.63.

Citizens Financial Group (NYSE:CFGGet Free Report) last announced its quarterly earnings data on Wednesday, April 17th. The bank reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.10). Citizens Financial Group had a return on equity of 6.62% and a net margin of 11.52%. The company had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same period in the prior year, the business earned $1.00 earnings per share. Citizens Financial Group’s revenue was down 7.9% on a year-over-year basis. Equities analysts anticipate that Citizens Financial Group, Inc. will post 3.15 earnings per share for the current year.

Citizens Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st were issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 4.75%. The ex-dividend date was Tuesday, April 30th. Citizens Financial Group’s dividend payout ratio is presently 60.87%.

Insider Transactions at Citizens Financial Group

In related news, insider Craig Jack Read sold 4,508 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $33.54, for a total transaction of $151,198.32. Following the transaction, the insider now directly owns 43,885 shares in the company, valued at $1,471,902.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.62% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. 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 report on Friday, April 26th. JPMorgan Chase & Co. cut their target price 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 target price on Citizens Financial Group from $35.00 to $39.00 and gave the company a “market perform” rating in a research report on Friday, April 5th. Jefferies Financial Group raised their price target on Citizens Financial Group from $35.00 to $36.00 and gave the stock a “hold” rating in a research note on Monday, April 8th. Finally, StockNews.com upgraded Citizens Financial Group from a “sell” rating to a “hold” rating in a research note on Sunday, May 5th. Ten investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Citizens Financial Group currently has an average rating of “Hold” and a consensus target price of $37.73.

Check Out Our Latest Report on CFG

Citizens Financial Group Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Citizens Financial Group (NYSE:CFG)

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