Register Financial Advisors LLC Purchases Shares of 3,149 Citizens Financial Group, Inc. (NYSE:CFG)

Register Financial Advisors LLC purchased a new stake in Citizens Financial Group, Inc. (NYSE:CFG) during the first quarter, Holdings Channel reports. The firm purchased 3,149 shares of the bank’s stock, valued at approximately $114,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Hsbc Holdings PLC boosted its stake in Citizens Financial Group by 96.3% in the fourth quarter. Hsbc Holdings PLC now owns 2,472,122 shares of the bank’s stock valued at $81,932,000 after acquiring an additional 1,212,642 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of Citizens Financial Group in the 4th quarter worth $1,959,000. Alps Advisors Inc. grew its stake in Citizens Financial Group by 32.5% during the 3rd quarter. Alps Advisors Inc. now owns 12,212 shares of the bank’s stock worth $327,000 after buying an additional 2,992 shares during the last quarter. ANTIPODES PARTNERS Ltd increased its position in Citizens Financial Group by 49.9% during the 4th quarter. ANTIPODES PARTNERS Ltd now owns 1,296,648 shares of the bank’s stock valued at $42,970,000 after buying an additional 431,624 shares in the last quarter. Finally, Atria Wealth Solutions Inc. acquired a new position in Citizens Financial Group during the 4th quarter valued at about $204,000. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Insider Transactions at Citizens Financial Group

In related news, insider Craig Jack Read sold 6,327 shares of Citizens Financial Group 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 completion of the transaction, the insider now owns 37,558 shares in the company, valued at approximately $1,265,704.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.62% of the company’s stock.

Citizens Financial Group Stock Performance

CFG stock traded up $1.40 during trading on Friday, hitting $36.03. 7,797,153 shares of the company traded hands, compared to its average volume of 5,354,466. Citizens Financial Group, Inc. has a 1 year low of $22.77 and a 1 year high of $37.30. The company has a market cap of $16.39 billion, a PE ratio of 13.05, a P/E/G ratio of 1.35 and a beta of 1.10. The stock’s 50-day simple moving average is $35.15 and its 200 day simple moving average is $33.75. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.87 and a quick ratio of 0.87.

Citizens Financial Group (NYSE:CFG) last posted its earnings results 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 net margin of 11.52% and a return on equity of 6.62%. The firm had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.96 billion. During the same period last year, the firm earned $1.00 earnings per share. Citizens Financial Group’s revenue for the quarter was down 7.9% compared to the same quarter last year. On average, equities analysts expect that Citizens Financial Group, Inc. will post 3.16 earnings per share for the current fiscal year.

Citizens Financial Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st were given a $0.42 dividend. The ex-dividend date was Tuesday, April 30th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.66%. Citizens Financial Group’s dividend payout ratio (DPR) is currently 60.87%.

Wall Street Analysts Forecast Growth

CFG has been the subject of several research analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of 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. Keefe, Bruyette & Woods raised their price target on shares of Citizens Financial Group from $35.00 to $39.00 and gave the stock a “market perform” rating in a report on Friday, April 5th. StockNews.com raised shares of Citizens Financial Group from a “sell” rating to a “hold” rating in a report on Sunday, May 5th. Piper Sandler raised 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, Morgan Stanley reaffirmed an “equal weight” rating and set a $38.00 price target on shares of Citizens Financial Group in a research report on Wednesday, June 12th. Ten analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $37.67.

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.