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% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 46,038 shares of the bank's stock after selling 11,349 shares during the period. Integrated Advisors Network LLC's holdings in Citizens Financial Group were worth $1,886,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in CFG. Ameriflex Group Inc. purchased a new position in Citizens Financial Group in the fourth quarter valued at about $26,000. Colonial Trust Co SC boosted its position in Citizens Financial Group by 673.0% during the fourth quarter. Colonial Trust Co SC now owns 889 shares of the bank's stock worth $39,000 after acquiring an additional 774 shares during the last quarter. Sierra Ocean LLC acquired a new stake in Citizens Financial Group during the fourth quarter worth approximately $47,000. Duncker Streett & Co. Inc. acquired a new position in shares of Citizens Financial Group in the 4th quarter valued at $51,000. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Citizens Financial Group in the 4th quarter valued at $66,000. Institutional investors and hedge funds own 94.90% of the company's stock.

Citizens Financial Group Stock Down 0.6%

Shares of Citizens Financial Group stock traded down $0.25 on Thursday, hitting $41.15. The company had a trading volume of 5,923,687 shares, compared to its average volume of 4,817,550. The firm has a market capitalization of $17.99 billion, a P/E ratio of 13.58, a P/E/G ratio of 0.81 and a beta of 0.75. Citizens Financial Group, Inc. has a twelve month low of $32.60 and a twelve month high of $49.25. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a 50-day moving average of $38.52 and a 200-day moving average of $42.54.

Citizens Financial Group (NYSE:CFG - Get Free Report) last announced its quarterly earnings data on Wednesday, April 16th. The bank reported $0.77 EPS for the quarter, topping analysts' consensus estimates 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 business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.94 billion. Research analysts predict that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current year.

Citizens Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 14th. Stockholders of record on Wednesday, April 30th were given a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 4.08%. The ex-dividend date of this dividend was Wednesday, April 30th. Citizens Financial Group's payout ratio is presently 53.33%.

Analysts Set New Price Targets

CFG has been the topic of several recent research reports. DA Davidson reduced their target price on shares of Citizens Financial Group from $53.00 to $49.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Piper Sandler lowered their price objective on shares of 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. TD Cowen started coverage on shares of Citizens Financial Group in a research note on Thursday, May 15th. They issued a "buy" rating and a $57.00 price target for the company. Morgan Stanley dropped their target price on shares of Citizens Financial Group from $54.00 to $43.00 and set an "equal weight" rating on the stock in a report 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. Finally, Raymond James reiterated a "strong-buy" rating and issued a $48.00 price objective (down previously from $58.00) on shares of Citizens Financial Group in a research note on Thursday, April 17th. Seven investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $47.89.

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.