Citizens Financial Group, Inc. (NYSE:CFG) Shares Purchased by SageView Advisory Group LLC

SageView Advisory Group LLC lifted its holdings in Citizens Financial Group, Inc. (NYSE:CFG) by 25.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,286 shares of the bank’s stock after purchasing an additional 4,566 shares during the quarter. SageView Advisory Group LLC’s holdings in Citizens Financial Group were worth $765,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Commerce Bank increased its stake in shares of Citizens Financial Group by 6.6% in the 4th quarter. Commerce Bank now owns 14,751 shares of the bank’s stock valued at $489,000 after purchasing an additional 913 shares in the last quarter. US Bancorp DE lifted its holdings in Citizens Financial Group by 5.9% in the fourth quarter. US Bancorp DE now owns 32,329 shares of the bank’s stock valued at $1,071,000 after acquiring an additional 1,815 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in Citizens Financial Group by 0.6% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 130,675 shares of the bank’s stock valued at $4,331,000 after acquiring an additional 745 shares during the last quarter. 1620 Investment Advisors Inc. acquired a new position in Citizens Financial Group during the fourth quarter worth $242,000. Finally, Ontario Teachers Pension Plan Board increased its position in shares of Citizens Financial Group by 14.8% during the fourth quarter. Ontario Teachers Pension Plan Board now owns 28,745 shares of the bank’s stock worth $953,000 after acquiring an additional 3,696 shares during the period. Institutional investors and hedge funds own 94.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on CFG shares. Argus upped their price objective on Citizens Financial Group from $36.00 to $39.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Citigroup increased their target price on Citizens Financial Group from $39.00 to $43.00 and gave the company a “buy” rating in a report on Friday, April 19th. Wedbush dropped their price objective on Citizens Financial Group from $38.00 to $35.00 and set a “neutral” rating on the stock in a report on Thursday, April 18th. Piper Sandler raised Citizens Financial Group from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $35.00 to $41.00 in a report on Friday, April 26th. Finally, JPMorgan Chase & Co. dropped their price objective on Citizens Financial Group from $36.50 to $36.00 and set a “neutral” rating on the stock in a report on Wednesday, May 1st. Ten investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $37.73.

Insiders Place Their Bets

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

Citizens Financial Group Price Performance

Shares of CFG traded up $0.23 during mid-day trading on Friday, reaching $35.35. 2,349,535 shares of the company’s stock were exchanged, compared to its average volume of 3,801,869. 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 company has a 50-day simple moving average of $35.04 and a two-hundred day simple moving average of $32.51. Citizens Financial Group, Inc. has a 52-week low of $22.77 and a 52-week high of $37.30. The company has a market cap of $16.08 billion, a price-to-earnings ratio of 12.81, a PEG ratio of 1.38 and a beta of 1.12.

Citizens Financial Group (NYSE:CFG) last released its earnings results on Wednesday, April 17th. The bank reported $0.65 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.10). The firm had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.96 billion. Citizens Financial Group had a return on equity of 6.62% and a net margin of 11.52%. The firm’s revenue was down 7.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.00 earnings per share. On average, sell-side analysts predict that Citizens Financial Group, Inc. will post 3.15 EPS for the current fiscal 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 paid a $0.42 dividend. The ex-dividend date was Tuesday, April 30th. This represents a $1.68 annualized dividend and a yield of 4.75%. Citizens Financial Group’s payout ratio is currently 60.87%.

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.