Citizens Financial Group, Inc. $CFG Position Lessened by Keybank National Association OH

Keybank National Association OH trimmed its position in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 20.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,631 shares of the bank’s stock after selling 11,073 shares during the period. Keybank National Association OH’s holdings in Citizens Financial Group were worth $2,490,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. AA Financial Advisors LLC raised its holdings in shares of Citizens Financial Group by 3.9% during the fourth quarter. AA Financial Advisors LLC now owns 4,657 shares of the bank’s stock worth $272,000 after acquiring an additional 174 shares in the last quarter. Inscription Capital LLC raised its holdings in shares of Citizens Financial Group by 1.6% during the fourth quarter. Inscription Capital LLC now owns 10,902 shares of the bank’s stock worth $637,000 after acquiring an additional 175 shares in the last quarter. Grove Bank & Trust raised its holdings in shares of Citizens Financial Group by 19.8% during the fourth quarter. Grove Bank & Trust now owns 1,107 shares of the bank’s stock worth $65,000 after acquiring an additional 183 shares in the last quarter. CRA Financial Services LLC raised its holdings in shares of Citizens Financial Group by 4.6% during the fourth quarter. CRA Financial Services LLC now owns 4,477 shares of the bank’s stock worth $262,000 after acquiring an additional 195 shares in the last quarter. Finally, Kestra Private Wealth Services LLC raised its holdings in shares of Citizens Financial Group by 2.0% during the fourth quarter. Kestra Private Wealth Services LLC now owns 10,040 shares of the bank’s stock worth $586,000 after acquiring an additional 198 shares in the last quarter. 94.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on CFG shares. Barclays set a $77.00 price objective on Citizens Financial Group and gave the stock an “overweight” rating in a report on Monday, January 5th. The Goldman Sachs Group reiterated a “buy” rating and set a $73.00 price objective on shares of Citizens Financial Group in a report on Tuesday, January 6th. Robert W. Baird upgraded Citizens Financial Group from a “neutral” rating to an “outperform” rating and set a $65.00 price objective for the company in a report on Monday, March 9th. Weiss Ratings raised shares of Citizens Financial Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 20th. Finally, Raymond James Financial downgraded shares of Citizens Financial Group from a “strong-buy” rating to an “outperform” rating and increased their target price for the stock from $62.00 to $66.00 in a research report on Wednesday, January 7th. Nineteen equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Citizens Financial Group has an average rating of “Moderate Buy” and a consensus price target of $70.88.

Insider Buying and Selling

In other news, insider Susan Lamonica sold 13,258 shares of the firm’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $58.04, for a total value of $769,494.32. Following the sale, the insider directly owned 165,971 shares of the company’s stock, valued at approximately $9,632,956.84. This trade represents a 7.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.67% of the stock is owned by insiders.

Citizens Financial Group Trading Down 0.9%

Citizens Financial Group stock opened at $64.45 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.85 and a quick ratio of 0.84. The company has a market capitalization of $27.39 billion, a price-to-earnings ratio of 15.24, a PEG ratio of 0.52 and a beta of 0.70. Citizens Financial Group, Inc. has a one year low of $37.88 and a one year high of $68.79. The company’s fifty day moving average price is $61.26 and its two-hundred day moving average price is $58.83.

Citizens Financial Group (NYSE:CFG) last posted its earnings results on Thursday, April 16th. The bank reported $1.13 EPS for the quarter, topping the consensus estimate of $1.10 by $0.03. The firm had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.16 billion. Citizens Financial Group had a net margin of 16.21% and a return on equity of 8.31%. The business’s quarterly revenue was up 12.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.77 earnings per share. On average, analysts forecast that Citizens Financial Group, Inc. will post 5.19 earnings per share for the current fiscal year.

Citizens Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 14th. Shareholders of record on Thursday, April 30th will be given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Thursday, April 30th. Citizens Financial Group’s dividend payout ratio is presently 43.50%.

Citizens Financial Group Company Profile

Citizens Financial Group, Inc (NYSE: CFG) is a bank holding company that provides a broad range of banking and financial services to individuals, small and middle-market businesses, corporations and institutional clients. Headquartered in Providence, Rhode Island, Citizens conducts its banking operations principally through its primary banking subsidiary, Citizens Bank, and serves customers through a combination of branch locations, ATMs and digital channels. The company is publicly traded and operates under the regulatory framework applicable to U.S.