Citizens Financial Group, Inc. (NYSE:CFG) Shares Sold by Signaturefd LLC

Signaturefd LLC cut its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 6.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 5,563 shares of the bank’s stock after selling 391 shares during the period. Signaturefd LLC’s holdings in Citizens Financial Group were worth $243,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CFG. Ameliora Wealth Management Ltd. acquired a new position in shares of Citizens Financial Group during the fourth quarter worth $28,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Citizens Financial Group in the 4th quarter worth $28,000. Sierra Ocean LLC purchased a new position in Citizens Financial Group in the 4th quarter valued at about $47,000. Legacy Investment Solutions LLC acquired a new stake in shares of Citizens Financial Group during the third quarter valued at about $48,000. Finally, Duncker Streett & Co. Inc. purchased a new stake in shares of Citizens Financial Group during the fourth quarter worth about $51,000. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Price Performance

Shares of NYSE CFG opened at $41.19 on Friday. 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 firm has a market capitalization of $18.00 billion, a PE ratio of 13.59, a P/E/G ratio of 0.81 and a beta of 1.06. Citizens Financial Group, Inc. has a 1-year low of $32.06 and a 1-year high of $49.25. The business’s fifty day moving average price is $45.12 and its two-hundred day moving average price is $44.10.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings data on Friday, January 17th. The bank reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.02. The business had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.96 billion. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. The company’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter last year, the company earned $0.85 EPS. On average, research analysts expect that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were issued a dividend of $0.42 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.08%. Citizens Financial Group’s dividend payout ratio (DPR) is presently 55.45%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CFG. Raymond James reissued a “strong-buy” rating and issued a $58.00 price target (up previously from $55.00) on shares of Citizens Financial Group in a report on Tuesday, January 21st. The Goldman Sachs Group raised their price target on shares of Citizens Financial Group from $48.00 to $59.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Morgan Stanley cut their price target on shares of Citizens Financial Group from $60.00 to $54.00 and set an “equal weight” rating on the stock in a report on Thursday, March 13th. Barclays raised their price objective on shares of Citizens Financial Group from $47.00 to $52.00 and gave the stock an “equal weight” rating in a report on Monday, January 6th. Finally, Compass Point upped their target price on shares of Citizens Financial Group from $45.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Nine investment 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’s stock. According to MarketBeat.com, Citizens Financial Group has a consensus rating of “Moderate Buy” and a consensus target price of $49.06.

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.