Atria Investments Inc Sells 889 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Atria Investments Inc reduced its stake in Citizens Financial Group, Inc. (NYSE:CFG) by 2.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,103 shares of the bank’s stock after selling 889 shares during the quarter. Atria Investments Inc’s holdings in Citizens Financial Group were worth $1,449,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Ameliora Wealth Management Ltd. purchased a new stake in Citizens Financial Group during the 4th quarter valued at about $28,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Citizens Financial Group in the fourth quarter worth approximately $28,000. Ashton Thomas Securities LLC purchased a new stake in shares of Citizens Financial Group during the third quarter valued at approximately $27,000. Sierra Ocean LLC bought a new stake in shares of Citizens Financial Group during the fourth quarter valued at approximately $47,000. Finally, Legacy Investment Solutions LLC purchased a new position in Citizens Financial Group in the 3rd quarter worth approximately $48,000. 94.90% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have commented on CFG shares. Piper Sandler increased their target price on Citizens Financial Group from $48.00 to $53.00 and gave the company an “overweight” rating in a research note on Tuesday, December 3rd. Stephens reaffirmed an “overweight” rating and set a $53.00 price objective on shares of Citizens Financial Group in a research report on Wednesday, January 29th. Compass Point boosted their target price on Citizens Financial Group from $45.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Keefe, Bruyette & Woods raised their price target on shares of Citizens Financial Group from $53.00 to $56.00 and gave the company a “market perform” rating in a report on Tuesday, January 21st. Finally, The Goldman Sachs Group lifted their price target on shares of Citizens Financial Group from $48.00 to $59.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Nine research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Citizens Financial Group currently has an average rating of “Moderate Buy” and a consensus target price of $49.00.

Citizens Financial Group Price Performance

NYSE CFG opened at $39.90 on Wednesday. The business’s fifty day moving average is $45.68 and its 200 day moving average is $44.23. Citizens Financial Group, Inc. has a fifty-two week low of $32.06 and a fifty-two week high of $49.25. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market capitalization of $17.44 billion, a PE ratio of 13.17, a price-to-earnings-growth ratio of 0.81 and a beta of 1.06.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings data on Friday, January 17th. The bank reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.02. The firm had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.96 billion. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The business’s quarterly revenue was down .1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.85 EPS. Sell-side analysts predict that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current year.

Citizens Financial Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were given a $0.42 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.21%. Citizens Financial Group’s payout ratio is currently 55.45%.

About Citizens Financial Group

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.