Citizens Financial Group, Inc. (NYSE:CFG) Insider Sells $213,219.90 in Stock

Citizens Financial Group, Inc. (NYSE:CFG - Get Free Report) insider Craig Jack Read sold 6,327 shares of Citizens Financial Group stock in a transaction that occurred on Friday, April 19th. The shares were sold at an average price of $33.70, for a total transaction of $213,219.90. Following the completion of the transaction, the insider now directly owns 37,558 shares in the company, valued at approximately $1,265,704.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Craig Jack Read also recently made the following trade(s):

• On Tuesday, March 5th, Craig Jack Read sold 4,508 shares of Citizens Financial Group stock. The shares were sold at an average price of $33.54, for a total value of $151,198.32.

Citizens Financial Group Trading Up 1.6 %

Citizens Financial Group stock traded up $0.56 during mid-day trading on Monday, hitting $34.55. 4,821,707 shares of the company's stock were exchanged, compared to its average volume of 5,909,812. Citizens Financial Group, Inc. has a fifty-two week low of $22.77 and a fifty-two week high of $36.38. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $15.84 billion, a P/E ratio of 12.52 and a beta of 1.38. The company's 50 day simple moving average is $33.37 and its 200-day simple moving average is $30.77.

Citizens Financial Group (NYSE:CFG - Get Free Report) last released its quarterly earnings results on Wednesday, April 17th. The bank reported $0.65 EPS for the quarter, missing analysts' consensus estimates of $0.75 by ($0.10). Citizens Financial Group had a return on equity of 6.62% and a net margin of 11.52%. The business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same period in the prior year, the business earned $1.00 EPS. The company's revenue for the quarter was down 7.9% compared to the same quarter last year. On average, equities analysts anticipate that Citizens Financial Group, Inc. will post 3.24 earnings per share for the current year.

Citizens Financial Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 4.86%. The ex-dividend date of this dividend is Tuesday, April 30th. Citizens Financial Group's dividend payout ratio (DPR) is presently 60.87%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on CFG shares. Wedbush cut their price target on Citizens Financial Group from $38.00 to $35.00 and set a "neutral" rating for the company in a report on Thursday. Citigroup increased their price target on shares of Citizens Financial Group from $39.00 to $43.00 and gave the company a "buy" rating in a report on Friday. StockNews.com raised shares of Citizens Financial Group from a "sell" rating to a "hold" rating in a research report on Friday. Royal Bank of Canada lifted their target price on Citizens Financial Group from $33.00 to $35.00 and gave the stock an "outperform" rating in a research report on Thursday, January 18th. Finally, TheStreet raised Citizens Financial Group from a "c+" rating to a "b-" rating in a report on Tuesday, December 26th. Eleven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $35.93.

Institutional Investors Weigh In On Citizens Financial Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Capital International Investors grew its stake in shares of Citizens Financial Group by 3.5% during the 4th quarter. Capital International Investors now owns 35,157,079 shares of the bank's stock worth $1,165,106,000 after acquiring an additional 1,199,158 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased its stake in Citizens Financial Group by 5.7% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 11,594,481 shares of the bank's stock valued at $310,732,000 after buying an additional 621,715 shares during the last quarter. Wellington Management Group LLP lifted its position in Citizens Financial Group by 217.5% during the 3rd quarter. Wellington Management Group LLP now owns 7,978,410 shares of the bank's stock worth $213,821,000 after buying an additional 5,465,824 shares in the last quarter. LSV Asset Management boosted its stake in shares of Citizens Financial Group by 1.5% during the 4th quarter. LSV Asset Management now owns 6,504,591 shares of the bank's stock worth $215,562,000 after buying an additional 95,292 shares during the last quarter. Finally, Royal Bank of Canada boosted its stake in shares of Citizens Financial Group by 6.4% during the 3rd quarter. Royal Bank of Canada now owns 5,532,398 shares of the bank's stock worth $148,268,000 after buying an additional 332,222 shares during the last quarter. 94.90% of the stock is currently owned by institutional investors and hedge funds.

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.