Citizens Financial Group, Inc. (NYSE:CFG) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC decreased its position in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 72.6% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 91,299 shares of the bank's stock after selling 241,613 shares during the period. SG Americas Securities LLC's holdings in Citizens Financial Group were worth $3,741,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

A number of analysts recently commented on CFG shares. Truist Financial decreased their price objective on Citizens Financial Group from $51.00 to $43.00 and set a "hold" rating on the stock in a research note on Thursday, April 17th. Jefferies Financial Group started coverage on Citizens Financial Group in a research note on Wednesday, May 21st. They set a "buy" rating and a $50.00 price objective on the stock. Cowen began coverage on Citizens Financial Group in a research note on Wednesday, May 14th. They set a "buy" rating on the stock. Royal Bank of Canada decreased their price target on Citizens Financial Group from $50.00 to $44.00 and set an "outperform" rating on the stock in a research note on Thursday, April 17th. Finally, Stephens decreased their price target on Citizens Financial Group from $53.00 to $48.00 and set an "outperform" rating on the stock in a research note on Monday, April 7th. Seven equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Citizens Financial Group currently has an average rating of "Moderate Buy" and an average target price of $47.89.

Citizens Financial Group Stock Down 2.2%

Shares of NYSE:CFG traded down $0.90 during mid-day trading on Friday, hitting $40.27. 4,457,639 shares of the company traded hands, compared to its average volume of 4,822,459. The firm has a market cap of $17.60 billion, a P/E ratio of 13.29, a PEG ratio of 0.81 and a beta of 0.75. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.85 and a current 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 firm's 50 day simple moving average is $38.77 and its 200 day simple moving average is $42.40.

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

Citizens Financial Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 14th. Shareholders of record on Wednesday, April 30th were paid 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 yield of 4.17%. Citizens Financial Group's dividend payout ratio (DPR) is presently 53.33%.

Citizens Financial Group declared that its Board of Directors has approved a stock repurchase program on Friday, June 13th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the bank to buy up to 8.5% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's management believes its shares are undervalued.

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.