First Hawaiian Bank Sells 11,439 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

First Hawaiian Bank reduced its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 37.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,752 shares of the bank's stock after selling 11,439 shares during the period. First Hawaiian Bank's holdings in Citizens Financial Group were worth $768,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of CFG. 111 Capital bought a new position in shares of Citizens Financial Group in the fourth quarter worth approximately $695,000. Wealth Enhancement Advisory Services LLC lifted its position in Citizens Financial Group by 148.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 258,623 shares of the bank's stock valued at $11,317,000 after acquiring an additional 154,404 shares in the last quarter. Wealthedge Investment Advisors LLC bought a new stake in shares of Citizens Financial Group in the 4th quarter worth $214,000. Siemens Fonds Invest GmbH increased its holdings in shares of Citizens Financial Group by 1,113.8% in the 4th quarter. Siemens Fonds Invest GmbH now owns 64,114 shares of the bank's stock worth $2,806,000 after purchasing an additional 58,832 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Citizens Financial Group during the fourth quarter valued at $12,313,000. 94.90% of the stock is owned by hedge funds and other institutional investors.

Citizens Financial Group Price Performance

Shares of NYSE CFG traded up $0.75 during mid-day trading on Tuesday, reaching $40.81. The company's stock had a trading volume of 4,515,863 shares, compared to its average volume of 4,828,329. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.85. Citizens Financial Group, Inc. has a 52 week low of $32.60 and a 52 week high of $49.25. The stock has a fifty day moving average of $38.28 and a two-hundred day moving average of $42.76. The firm has a market capitalization of $17.84 billion, a PE ratio of 13.47, a P/E/G ratio of 0.81 and a beta of 0.74.

Citizens Financial Group (NYSE:CFG - Get Free Report) last posted its quarterly earnings results on Wednesday, April 16th. The bank reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.02. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.94 billion. As a group, sell-side analysts anticipate that Citizens Financial Group, Inc. will post 3.92 EPS for the current fiscal year.

Citizens Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th were given a dividend of $0.42 per share. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.12%. Citizens Financial Group's dividend payout ratio is 53.33%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Piper Sandler decreased their target price on Citizens Financial Group from $48.00 to $43.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Morgan Stanley reduced their price target on shares of Citizens Financial Group from $54.00 to $43.00 and set an "equal weight" rating for the company in a research note on Monday, April 7th. The firm moved its midcap bank industry view from Attractive to In-line, saying “higher and faster than expected” tariffs raise recession risks, will weigh on loan growth and in-turn, forward earnings and multiples. The group is “cheap,” but weaker for longer loan growth and inverted yield curve limit upside catalysts. Truist Financial lowered their price objective on shares of Citizens Financial Group from $51.00 to $43.00 and set a "hold" rating on the stock in a research report on Thursday, April 17th. Raymond James restated a "strong-buy" rating and set a $48.00 price target (down from $58.00) on shares of Citizens Financial Group in a research note on Thursday, April 17th. Finally, Barclays cut their target price on shares of Citizens Financial Group from $52.00 to $49.00 and set an "equal weight" rating for the company in a research report on Thursday, April 17th. Seven equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $47.89.

Citizens Financial Group 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.