Integrated Advisors Network LLC Sells 11,349 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Integrated Advisors Network LLC decreased its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 19.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,038 shares of the bank's stock after selling 11,349 shares during the quarter. Integrated Advisors Network LLC's holdings in Citizens Financial Group were worth $1,886,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. SVB Wealth LLC bought a new stake in shares of Citizens Financial Group in the 4th quarter worth about $421,000. Arvest Bank Trust Division bought a new stake in shares of Citizens Financial Group in the 4th quarter worth about $2,196,000. Atria Wealth Solutions Inc. increased its position in shares of Citizens Financial Group by 109.6% in the 4th quarter. Atria Wealth Solutions Inc. now owns 11,052 shares of the bank's stock worth $484,000 after purchasing an additional 5,779 shares during the last quarter. SRS Capital Advisors Inc. increased its position in shares of Citizens Financial Group by 658.3% in the 4th quarter. SRS Capital Advisors Inc. now owns 12,580 shares of the bank's stock worth $551,000 after purchasing an additional 10,921 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in shares of Citizens Financial Group in the 4th quarter worth about $6,906,000. Institutional investors and hedge funds own 94.90% of the company's stock.

Citizens Financial Group Stock Down 2.2%

Citizens Financial Group stock traded down $0.90 during trading hours on Friday, hitting $40.27. The company had a trading volume of 4,457,639 shares, compared to its average volume of 4,822,459. The firm's fifty day moving average is $38.77 and its 200-day moving average is $42.40. Citizens Financial Group, Inc. has a fifty-two week low of $32.60 and a fifty-two week high of $49.25. The firm has a market capitalization of $17.60 billion, a P/E ratio of 13.29, a price-to-earnings-growth ratio of 0.81 and a beta of 0.75. 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 (NYSE:CFG - Get Free Report) last announced its quarterly earnings results on Wednesday, April 16th. The bank reported $0.77 EPS for the quarter, topping the consensus estimate of $0.75 by $0.02. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. The company had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.94 billion. On average, research analysts forecast that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current year.

Citizens Financial Group announced that its Board of Directors has authorized a share repurchase plan on Friday, June 13th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the bank to purchase up to 8.5% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board of directors believes its shares are undervalued.

Citizens Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th were paid a $0.42 dividend. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $1.68 dividend on an annualized basis and a yield of 4.17%. Citizens Financial Group's payout ratio is presently 53.33%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. dropped their target price on shares of Citizens Financial Group from $49.00 to $43.00 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. Stephens dropped their target price on shares of Citizens Financial Group from $53.00 to $48.00 and set an "outperform" rating for the company in a research report on Monday, April 7th. The Goldman Sachs Group lowered their price objective on shares of Citizens Financial Group from $55.00 to $48.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Royal Bank of Canada lowered their price objective on shares of Citizens Financial Group from $50.00 to $44.00 and set an "outperform" rating for the company in a research report on Thursday, April 17th. Finally, DA Davidson lowered their price objective on shares of Citizens Financial Group from $53.00 to $49.00 and set a "buy" 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 given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus 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.