Citizens Financial Group, Inc. (NYSE:CFG) Insider Sells $213,219.90 in Stock

Citizens Financial Group, Inc. (NYSE:CFG) insider Craig Jack Read sold 6,327 shares of the 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 transaction, the insider now directly owns 37,558 shares in the company, valued at approximately $1,265,704.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Craig Jack Read also recently made the following trade(s):

• On Tuesday, March 5th, Craig Jack Read sold 4,508 shares of Citizens Financial Group stock. The shares were sold at an average price of $33.54, for a total value of $151,198.32.

Citizens Financial Group Stock Up 1.6 %

Shares of NYSE CFG traded up $0.56 during mid-day trading on Monday, hitting $34.55. 4,821,707 shares of the stock traded hands, compared to its average volume of 5,909,812. The stock has a fifty day moving average price of $33.33 and a 200-day moving average price of $30.70. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.87 and a current ratio of 0.87. The company has a market cap of $15.84 billion, a price-to-earnings ratio of 12.32 and a beta of 1.38. Citizens Financial Group, Inc. has a 52 week low of $22.77 and a 52 week high of $36.38.

Citizens Financial Group (NYSE:CFG) last released its earnings results on Wednesday, April 17th. The bank reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.10). Citizens Financial Group had a return on equity of 6.62% and a net margin of 11.52%. The business had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same period in the prior year, the company earned $1.00 earnings per share. The firm’s quarterly revenue was down 7.9% compared to the same quarter last year. Research analysts anticipate that Citizens Financial Group, Inc. will post 3.24 EPS for the current year.

Citizens Financial Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be paid a $0.42 dividend. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $1.68 annualized dividend and a dividend yield of 4.86%. Citizens Financial Group’s payout ratio is currently 60.87%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Capital International Investors increased its holdings in shares of Citizens Financial Group by 3.5% during the fourth quarter. Capital International Investors now owns 35,157,079 shares of the bank’s stock valued at $1,165,106,000 after acquiring an additional 1,199,158 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its stake in Citizens Financial Group by 5.7% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 11,594,481 shares of the bank’s stock valued at $310,732,000 after purchasing an additional 621,715 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Citizens Financial Group by 217.5% in the 3rd quarter. Wellington Management Group LLP now owns 7,978,410 shares of the bank’s stock worth $213,821,000 after purchasing an additional 5,465,824 shares in the last quarter. LSV Asset Management raised its stake in shares of Citizens Financial Group by 1.5% in the fourth quarter. LSV Asset Management now owns 6,504,591 shares of the bank’s stock worth $215,562,000 after purchasing an additional 95,292 shares during the last quarter. Finally, Royal Bank of Canada lifted its holdings in shares of Citizens Financial Group by 6.4% during the third quarter. Royal Bank of Canada now owns 5,532,398 shares of the bank’s stock valued at $148,268,000 after purchasing an additional 332,222 shares in the last quarter. Institutional investors own 94.90% of the company’s stock.

Analyst Ratings Changes

CFG has been the subject of several analyst reports. TheStreet upgraded Citizens Financial Group from a “c+” rating to a “b-” rating in a report on Tuesday, December 26th. Morgan Stanley raised their target price on shares of Citizens Financial Group from $31.00 to $39.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 7th. Keefe, Bruyette & Woods upped their price target 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 dropped their price target on shares of Citizens Financial Group from $38.00 to $35.00 and set a “neutral” rating for the company in a research report on Thursday. Finally, UBS Group boosted their price objective on shares of Citizens Financial Group from $37.00 to $38.00 and gave the company a “buy” rating in a research report on Thursday, January 18th. Eleven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $35.93.

Citizens Financial Group Company 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.