Citizens Financial Group, Inc. (NYSE:CFG) Shares Sold by Hartford Investment Management Co.

Hartford Investment Management Co. lowered its holdings in Citizens Financial Group, Inc. (NYSE:CFG) by 3.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 27,331 shares of the bank’s stock after selling 887 shares during the quarter. Hartford Investment Management Co.’s holdings in Citizens Financial Group were worth $1,196,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. My Legacy Advisors LLC raised its holdings in Citizens Financial Group by 1.0% during the fourth quarter. My Legacy Advisors LLC now owns 22,810 shares of the bank’s stock worth $1,074,000 after purchasing an additional 229 shares in the last quarter. Brooklyn Investment Group raised its stake in Citizens Financial Group by 3.3% during the 4th quarter. Brooklyn Investment Group now owns 7,304 shares of the bank’s stock worth $320,000 after acquiring an additional 233 shares in the last quarter. SeaCrest Wealth Management LLC lifted its position in Citizens Financial Group by 0.9% in the fourth quarter. SeaCrest Wealth Management LLC now owns 28,726 shares of the bank’s stock valued at $1,257,000 after acquiring an additional 246 shares during the last quarter. Ballentine Partners LLC boosted its stake in Citizens Financial Group by 3.3% in the fourth quarter. Ballentine Partners LLC now owns 7,777 shares of the bank’s stock valued at $340,000 after acquiring an additional 247 shares in the last quarter. Finally, Commerce Bank grew its holdings in shares of Citizens Financial Group by 1.9% during the third quarter. Commerce Bank now owns 13,177 shares of the bank’s stock worth $541,000 after purchasing an additional 250 shares during the last quarter. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Stephens reissued an “overweight” rating and issued a $53.00 target price on shares of Citizens Financial Group in a report on Wednesday, January 29th. Barclays increased their price objective on Citizens Financial Group from $47.00 to $52.00 and gave the company an “equal weight” rating in a report on Monday, January 6th. Keefe, Bruyette & Woods raised their target price on shares of Citizens Financial Group from $53.00 to $56.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 21st. The Goldman Sachs Group upped their price target on shares of Citizens Financial Group from $48.00 to $59.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Finally, Compass Point raised their price objective on shares of Citizens Financial Group from $45.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Nine analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $49.00.

Citizens Financial Group Price Performance

CFG stock opened at $46.43 on Friday. The firm has a 50 day moving average of $45.76 and a 200-day moving average of $43.72. The company has a market cap of $20.46 billion, a price-to-earnings ratio of 15.32, a PEG ratio of 0.84 and a beta of 1.10. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.56. Citizens Financial Group, Inc. has a 12-month low of $30.30 and a 12-month high of $49.25.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings data on Friday, January 17th. The bank reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.02. The firm had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.96 billion. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. Citizens Financial Group’s revenue was down .1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.85 earnings per share. As a group, equities analysts expect that Citizens Financial Group, Inc. will post 3.93 EPS for the current fiscal year.

Citizens Financial Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 3.62%. The ex-dividend date was Friday, January 31st. Citizens Financial Group’s dividend payout ratio (DPR) is presently 55.45%.

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.