Beacon Investment Advisory Services Inc. Sells 14,924 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Beacon Investment Advisory Services Inc. cut its position in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 75.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,854 shares of the bank’s stock after selling 14,924 shares during the quarter. Beacon Investment Advisory Services Inc.’s holdings in Citizens Financial Group were worth $212,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CFG. Costello Asset Management INC bought a new stake in shares of Citizens Financial Group during the 3rd quarter valued at $25,000. Ashton Thomas Securities LLC purchased a new position in Citizens Financial Group during the 3rd quarter valued at about $27,000. Catalyst Capital Advisors LLC bought a new stake in Citizens Financial Group during the third quarter worth about $28,000. Legacy Investment Solutions LLC purchased a new stake in Citizens Financial Group in the third quarter worth about $48,000. Finally, Friedenthal Financial bought a new position in shares of Citizens Financial Group during the third quarter valued at approximately $50,000. 94.90% of the stock is owned by hedge funds and other institutional investors.

Citizens Financial Group Stock Up 0.7 %

Citizens Financial Group stock opened at $47.36 on Friday. Citizens Financial Group, Inc. has a one year low of $30.24 and a one year high of $49.25. The stock has a fifty day moving average of $45.71 and a 200 day moving average of $42.91. 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 stock has a market cap of $20.87 billion, a PE ratio of 15.63, a price-to-earnings-growth ratio of 0.84 and a beta of 1.10.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings results on Friday, January 17th. The bank reported $0.85 EPS for the quarter, beating the consensus estimate of $0.83 by $0.02. The firm had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1,962,330 billion. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. The business’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.85 EPS. As a group, sell-side analysts predict that Citizens Financial Group, Inc. will post 3.95 EPS for the current year.

Citizens Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 3.55%. The ex-dividend date is Friday, January 31st. Citizens Financial Group’s dividend payout ratio is presently 55.45%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on CFG shares. Royal Bank of Canada upped their price target on Citizens Financial Group from $43.00 to $45.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. Compass Point raised their price target on Citizens Financial Group from $45.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Stephens reiterated an “overweight” rating and issued a $53.00 price target on shares of Citizens Financial Group in a research note on Tuesday. StockNews.com upgraded shares of Citizens Financial Group from a “sell” rating to a “hold” rating in a research note on Thursday, October 17th. Finally, Piper Sandler upped their target price on shares of Citizens Financial Group from $48.00 to $53.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 3rd. Nine investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $49.00.

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.