Citizens Financial Group, Inc. (NYSE:CFG) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue cut its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 3.5% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 50,259 shares of the bank’s stock after selling 1,815 shares during the period. State of Alaska Department of Revenue’s holdings in Citizens Financial Group were worth $2,199,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CFG. Costello Asset Management INC acquired a new position in Citizens Financial Group during the 3rd quarter worth approximately $25,000. Ashton Thomas Securities LLC acquired a new position in Citizens Financial Group during the 3rd quarter worth approximately $27,000. Catalyst Capital Advisors LLC acquired a new position in Citizens Financial Group during the 3rd quarter worth approximately $28,000. Legacy Investment Solutions LLC purchased a new stake in Citizens Financial Group during the 3rd quarter worth approximately $48,000. Finally, Claro Advisors LLC purchased a new stake in Citizens Financial Group during the 3rd quarter worth approximately $50,000. 94.90% of the stock is owned by institutional investors and hedge funds.

Citizens Financial Group Trading Down 1.2 %

NYSE:CFG opened at $47.37 on Tuesday. Citizens Financial Group, Inc. has a 12-month low of $30.24 and a 12-month high of $49.25. The firm has a market capitalization of $20.88 billion, a P/E ratio of 15.63, a P/E/G ratio of 0.84 and a beta of 1.10. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.85. The business has a 50 day simple moving average of $45.77 and a 200 day simple moving average of $43.63.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings data on Friday, January 17th. The bank reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.02. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The business had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same quarter in the previous year, the firm posted $0.85 EPS. The business’s revenue for the quarter was down .1% compared to the same quarter last year. Equities research analysts predict that Citizens Financial Group, Inc. will post 3.93 EPS for the current year.

Citizens Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be given a dividend of $0.42 per share. The ex-dividend date is Friday, January 31st. This represents a $1.68 dividend on an annualized basis and a yield of 3.55%. Citizens Financial Group’s dividend payout ratio (DPR) is presently 55.45%.

Analysts Set New Price Targets

Several research firms have issued reports on CFG. Raymond James restated a “strong-buy” rating and set a $58.00 price objective (up from $55.00) on shares of Citizens Financial Group in a report on Tuesday, January 21st. Citigroup lifted their price objective on Citizens Financial Group from $50.00 to $58.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Compass Point lifted their price objective on Citizens Financial Group from $45.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Truist Financial lifted their price objective on Citizens Financial Group from $49.00 to $54.00 and gave the stock a “hold” rating in a report on Tuesday, January 21st. Finally, Stephens restated an “overweight” rating and set a $53.00 price objective on shares of Citizens Financial Group in a report on Wednesday, January 29th. Nine research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Citizens Financial Group has an average rating of “Moderate Buy” and a consensus target price of $49.00.

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.