Insider Selling: Citizens Financial Group (NYSE:CFG) Insider Sells $376,068.00 in Stock

Citizens Financial Group, Inc. (NYSE:CFG) insider Michelle Moosally sold 6,050 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $62.16, for a total transaction of $376,068.00. Following the completion of the transaction, the insider owned 22,565 shares in the company, valued at approximately $1,402,640.40. This trade represents a 21.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Citizens Financial Group Trading Down 0.6%

Shares of Citizens Financial Group stock opened at $60.82 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. Citizens Financial Group, Inc. has a 1 year low of $38.80 and a 1 year high of $68.79. The firm has a market cap of $25.72 billion, a PE ratio of 14.38, a PEG ratio of 0.48 and a beta of 0.70. The company has a 50 day simple moving average of $61.40 and a two-hundred day simple moving average of $59.64.

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

Citizens Financial Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Thursday, April 30th were given a dividend of $0.46 per share. The ex-dividend date was Thursday, April 30th. This represents a $1.84 dividend on an annualized basis and a yield of 3.0%. Citizens Financial Group’s dividend payout ratio (DPR) is presently 43.50%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CFG. Citigroup reiterated a “buy” rating on shares of Citizens Financial Group in a report on Friday, May 8th. Cantor Fitzgerald reissued an “overweight” rating and set a $75.00 price objective on shares of Citizens Financial Group in a report on Tuesday, March 3rd. Argus upped their target price on Citizens Financial Group from $60.00 to $72.00 and gave the stock a “buy” rating in a research note on Friday, January 23rd. Bank of America increased their price target on shares of Citizens Financial Group from $70.00 to $78.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Finally, TD Cowen lifted their price target on shares of Citizens Financial Group from $75.00 to $78.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Nineteen investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $70.88.

Institutional Trading of Citizens Financial Group

A number of institutional investors have recently modified their holdings of the company. University of Texas Texas AM Investment Management Co. purchased a new position in Citizens Financial Group during the 4th quarter valued at about $26,000. Cedar Mountain Advisors LLC purchased a new stake in Citizens Financial Group in the 1st quarter worth approximately $27,000. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in shares of Citizens Financial Group in the 4th quarter worth approximately $29,000. Activest Wealth Management grew its position in shares of Citizens Financial Group by 5,600.0% in the 4th quarter. Activest Wealth Management now owns 513 shares of the bank’s stock worth $30,000 after buying an additional 504 shares during the last quarter. Finally, DV Equities LLC purchased a new position in shares of Citizens Financial Group during the fourth quarter valued at approximately $35,000. 94.90% of the stock is currently owned by hedge funds and other institutional investors.

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.