Citizens Financial Group, Inc. (NYSE:CFG) Shares Sold by Ferguson Wellman Capital Management Inc.

Ferguson Wellman Capital Management Inc. reduced its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 13.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,990 shares of the bank’s stock after selling 1,114 shares during the period. Ferguson Wellman Capital Management Inc.’s holdings in Citizens Financial Group were worth $287,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in Citizens Financial Group by 35.9% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 78,203 shares of the bank’s stock valued at $2,838,000 after buying an additional 20,649 shares during the last quarter. Canada Pension Plan Investment Board increased its stake in shares of Citizens Financial Group by 101.6% in the first quarter. Canada Pension Plan Investment Board now owns 761,679 shares of the bank’s stock worth $27,641,000 after acquiring an additional 383,947 shares during the period. Duality Advisers LP purchased a new position in shares of Citizens Financial Group during the first quarter worth $1,180,000. Lloyd Advisory Services LLC. acquired a new position in Citizens Financial Group during the first quarter valued at $930,000. Finally, SG Americas Securities LLC lifted its position in Citizens Financial Group by 642.6% during the first quarter. SG Americas Securities LLC now owns 272,676 shares of the bank’s stock valued at $9,895,000 after purchasing an additional 235,958 shares during the period. 94.90% of the stock is owned by hedge funds and other institutional investors.

Citizens Financial Group Trading Up 0.8 %

CFG stock opened at $42.47 on Friday. The business’s 50-day moving average is $41.33 and its 200 day moving average is $38.07. Citizens Financial Group, Inc. has a 12-month low of $22.77 and a 12-month high of $44.39. The stock has a market cap of $19.32 billion, a price-to-earnings ratio of 15.39, a PEG ratio of 1.42 and a beta of 1.07. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.60.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings results on Wednesday, October 16th. The bank reported $0.79 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.79. Citizens Financial Group had a return on equity of 6.21% and a net margin of 10.74%. The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same period in the previous year, the company posted $0.85 earnings per share. The business’s revenue was down 5.6% on a year-over-year basis. On average, sell-side analysts anticipate that Citizens Financial Group, Inc. will post 3.22 EPS for the current fiscal year.

Citizens Financial Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 13th. Stockholders of record on Wednesday, October 30th will be given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date of this dividend is Wednesday, October 30th. Citizens Financial Group’s dividend payout ratio (DPR) is 60.87%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CFG. Piper Sandler lifted their price objective on Citizens Financial Group from $45.00 to $48.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. The Goldman Sachs Group boosted their price target on Citizens Financial Group from $43.00 to $49.00 and gave the company a “buy” rating in a report on Thursday, July 18th. UBS Group raised their price objective on shares of Citizens Financial Group from $42.00 to $46.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Stephens boosted their target price on shares of Citizens Financial Group from $40.00 to $42.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Finally, Jefferies Financial Group increased their price target on shares of Citizens Financial Group from $36.00 to $37.00 and gave the stock a “hold” rating in a report on Wednesday, July 3rd. Ten analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $43.80.

Insider Transactions at Citizens Financial Group

In related news, insider Craig Jack Read sold 3,938 shares of the company’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $43.26, for a total transaction of $170,357.88. Following the completion of the sale, the insider now owns 33,620 shares of the company’s stock, valued at approximately $1,454,401.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.62% of the company’s stock.

About Citizens Financial Group

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.