Citizens Financial Group, Inc. $CFG Shares Sold by Heartland Bank & Trust Co

Heartland Bank & Trust Co lessened its position in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 3.4% in the 2nd quarter, HoldingsChannel reports. The fund owned 9,390 shares of the bank’s stock after selling 329 shares during the period. Heartland Bank & Trust Co’s holdings in Citizens Financial Group were worth $420,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in Citizens Financial Group by 19.2% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 54,870 shares of the bank’s stock worth $2,248,000 after acquiring an additional 8,851 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its position in shares of Citizens Financial Group by 425.7% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 26,104 shares of the bank’s stock worth $1,069,000 after buying an additional 21,138 shares during the last quarter. World Investment Advisors purchased a new stake in shares of Citizens Financial Group during the 1st quarter worth approximately $410,000. OneDigital Investment Advisors LLC lifted its position in shares of Citizens Financial Group by 37.9% during the 1st quarter. OneDigital Investment Advisors LLC now owns 7,126 shares of the bank’s stock worth $292,000 after buying an additional 1,957 shares during the last quarter. Finally, IFM Investors Pty Ltd lifted its position in shares of Citizens Financial Group by 12.0% during the 1st quarter. IFM Investors Pty Ltd now owns 107,788 shares of the bank’s stock worth $4,427,000 after buying an additional 11,521 shares during the last quarter. Institutional investors and hedge funds own 94.90% of the company’s stock.

Citizens Financial Group Stock Up 2.0%

CFG stock opened at $50.26 on Tuesday. The company has a fifty day moving average price of $51.11 and a 200 day moving average price of $44.93. Citizens Financial Group, Inc. has a 12 month low of $32.60 and a 12 month high of $55.24. The company has a market cap of $21.68 billion, a price-to-earnings ratio of 15.28, a price-to-earnings-growth ratio of 0.55 and a beta of 0.79. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.85 and a quick ratio of 0.84.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings results on Thursday, July 17th. The bank reported $0.92 EPS for the quarter, beating the consensus estimate of $0.88 by $0.04. Citizens Financial Group had a net margin of 13.26% and a return on equity of 6.94%. The firm had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter in the prior year, the firm earned $0.82 EPS. Citizens Financial Group’s revenue for the quarter was up 3.8% on a year-over-year basis. Sell-side analysts expect that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current year.

Citizens Financial Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Thursday, July 31st were paid a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend was Thursday, July 31st. Citizens Financial Group’s payout ratio is currently 51.06%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on CFG shares. UBS Group boosted their price objective on shares of Citizens Financial Group from $57.00 to $62.00 and gave the stock a “buy” rating in a research report on Tuesday, October 7th. Barclays boosted their price objective on shares of Citizens Financial Group from $49.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Friday, July 18th. Truist Financial boosted their price objective on shares of Citizens Financial Group from $52.00 to $58.00 and gave the stock a “hold” rating in a research report on Friday, October 3rd. Evercore ISI boosted their price objective on shares of Citizens Financial Group from $57.00 to $61.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 30th. Finally, DA Davidson boosted their price objective on shares of Citizens Financial Group from $49.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, July 18th. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $55.86.

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.