Citizens Financial Group, Inc. (NYSE:CFG) Shares Sold by Cary Street Partners Asset Management LLC

Cary Street Partners Asset Management LLC cut its position in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 21.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 130,071 shares of the bank's stock after selling 36,480 shares during the period. Cary Street Partners Asset Management LLC's holdings in Citizens Financial Group were worth $4,311,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in CFG. Savant Capital LLC purchased a new position in shares of Citizens Financial Group in the 4th quarter worth $401,000. Van ECK Associates Corp grew its position in Citizens Financial Group by 66.7% in the fourth quarter. Van ECK Associates Corp now owns 6,468 shares of the bank's stock worth $214,000 after acquiring an additional 2,587 shares in the last quarter. Intrust Bank NA increased its stake in Citizens Financial Group by 3.6% during the fourth quarter. Intrust Bank NA now owns 27,556 shares of the bank's stock worth $913,000 after acquiring an additional 950 shares during the last quarter. Paradigm Financial Partners LLC raised its position in Citizens Financial Group by 16.3% during the fourth quarter. Paradigm Financial Partners LLC now owns 49,409 shares of the bank's stock valued at $1,637,000 after purchasing an additional 6,935 shares during the period. Finally, VCI Wealth Management LLC bought a new stake in shares of Citizens Financial Group in the 4th quarter valued at approximately $216,000. Hedge funds and other institutional investors own 94.90% of the company's stock.

Insiders Place Their Bets

In other news, insider Craig Jack Read sold 4,508 shares of Citizens Financial Group stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $33.54, for a total value of $151,198.32. Following the transaction, the insider now owns 43,885 shares of the company's stock, valued at approximately $1,471,902.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.62% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on CFG shares. JPMorgan Chase & Co. cut their target price on Citizens Financial Group from $36.50 to $36.00 and set a "neutral" rating on the stock in a research report on Wednesday. Royal Bank of Canada raised their target price on shares of Citizens Financial Group from $33.00 to $35.00 and gave the stock an "outperform" rating in a report on Thursday, January 18th. Piper Sandler upgraded shares of Citizens Financial Group from a "neutral" rating to an "overweight" rating and upped their price target for the company from $35.00 to $41.00 in a report on Friday, April 26th. Morgan Stanley raised their price objective on shares of Citizens Financial Group from $31.00 to $39.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 7th. Finally, Wedbush cut their target price on Citizens Financial Group from $38.00 to $35.00 and set a "neutral" rating on the stock in a research note on Thursday, April 18th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $37.73.

Citizens Financial Group Stock Up 1.7 %

Citizens Financial Group stock traded up $0.59 during midday trading on Wednesday, hitting $34.70. 4,859,362 shares of the company's stock were exchanged, compared to its average volume of 5,753,595. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.87 and a current ratio of 0.87. The company has a market cap of $15.91 billion, a PE ratio of 12.62 and a beta of 1.38. The firm has a 50-day moving average of $33.80 and a two-hundred day moving average of $31.13. Citizens Financial Group, Inc. has a 12 month low of $22.77 and a 12 month high of $36.38.

Citizens Financial Group (NYSE:CFG - Get Free Report) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $1.96 billion. During the same period last year, the firm earned $1.00 EPS. The business's quarterly revenue was down 7.9% on a year-over-year basis. As a group, analysts expect that Citizens Financial Group, Inc. will post 3.24 earnings per share for the current fiscal year.

Citizens Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be paid a $0.42 dividend. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $1.68 annualized dividend and a yield of 4.84%. Citizens Financial Group's dividend payout ratio (DPR) is presently 60.87%.

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.