5,891 Shares in Citizens Financial Group, Inc. (NYSE:CFG) Purchased by HighPoint Advisor Group LLC

HighPoint Advisor Group LLC bought a new position in Citizens Financial Group, Inc. (NYSE:CFG) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 5,891 shares of the bank’s stock, valued at approximately $208,000.

A number of other large investors have also made changes to their positions in CFG. Larson Financial Group LLC acquired a new position in Citizens Financial Group during the fourth quarter worth $33,000. Quarry LP grew its stake in shares of Citizens Financial Group by 183.1% in the 4th quarter. Quarry LP now owns 1,104 shares of the bank’s stock valued at $37,000 after buying an additional 714 shares during the period. CVA Family Office LLC purchased a new stake in shares of Citizens Financial Group in the 4th quarter valued at approximately $40,000. Blue Trust Inc. increased its holdings in shares of Citizens Financial Group by 77.6% during the 4th quarter. Blue Trust Inc. now owns 1,314 shares of the bank’s stock worth $44,000 after buying an additional 574 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV lifted its holdings in Citizens Financial Group by 40.4% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,640 shares of the bank’s stock valued at $54,000 after acquiring an additional 472 shares during the last quarter. 94.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CFG has been the topic of several recent analyst reports. Piper Sandler raised 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 research note on Friday, April 26th. JPMorgan Chase & Co. reduced their price target on shares of Citizens Financial Group from $36.50 to $36.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 1st. Keefe, Bruyette & Woods lifted their target price on shares of Citizens Financial Group from $35.00 to $39.00 and gave the company a “market perform” rating in a report on Friday, April 5th. 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 report on Thursday, April 18th. Finally, Evercore ISI raised their price target on Citizens Financial Group from $35.00 to $39.00 and gave the stock an “in-line” rating in a research report on Thursday, March 28th. Ten analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $37.67.

Insider Activity

In related news, insider Craig Jack Read sold 6,327 shares of Citizens Financial Group stock in a transaction on Friday, April 19th. The shares were sold at an average price of $33.70, for a total transaction of $213,219.90. Following the sale, the insider now directly owns 37,558 shares in the company, valued at approximately $1,265,704.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.62% of the company’s stock.

Citizens Financial Group Price Performance

Citizens Financial Group stock opened at $34.77 on Friday. The stock has a market cap of $15.82 billion, a P/E ratio of 12.60, a price-to-earnings-growth ratio of 1.34 and a beta of 1.10. The company has a fifty day simple moving average of $34.94 and a 200-day simple moving average of $33.58. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.63. Citizens Financial Group, Inc. has a 12-month low of $22.77 and a 12-month high of $37.30.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings data on Wednesday, April 17th. The bank reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.10). The business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.96 billion. Citizens Financial Group had a return on equity of 6.62% and a net margin of 11.52%. The company’s revenue was down 7.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.00 earnings per share. Equities analysts expect that Citizens Financial Group, Inc. will post 3.16 EPS for the current fiscal year.

Citizens Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st were given a dividend of $0.42 per share. The ex-dividend date was Tuesday, April 30th. This represents a $1.68 annualized dividend and a dividend yield of 4.83%. Citizens Financial Group’s dividend payout ratio is presently 60.87%.

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.