Diversified Trust Co Raises Position in Citizens Financial Group, Inc. (NYSE:CFG)

Diversified Trust Co lifted its stake in Citizens Financial Group, Inc. (NYSE:CFG) by 5.7% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 10,532 shares of the bank’s stock after acquiring an additional 570 shares during the quarter. Diversified Trust Co’s holdings in Citizens Financial Group were worth $382,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Larson Financial Group LLC purchased a new stake in shares of Citizens Financial Group in the fourth quarter worth about $33,000. Quarry LP boosted its holdings in Citizens Financial Group by 183.1% in the fourth quarter. Quarry LP now owns 1,104 shares of the bank’s stock valued at $37,000 after purchasing an additional 714 shares during the last quarter. CVA Family Office LLC purchased a new position in Citizens Financial Group in the fourth quarter valued at about $40,000. Blue Trust Inc. boosted its holdings in Citizens Financial Group by 77.6% in the fourth quarter. Blue Trust Inc. now owns 1,314 shares of the bank’s stock valued at $44,000 after purchasing an additional 574 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV boosted 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 purchasing an additional 472 shares during the last quarter. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Insider Transactions at Citizens Financial Group

In related news, insider Craig Jack Read sold 6,327 shares of the firm’s stock in a transaction that occurred on Friday, April 19th. The stock was sold at an average price of $33.70, for a total value 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.62% of the company’s stock.

Citizens Financial Group Stock Down 0.9 %

Shares of Citizens Financial Group stock opened at $36.05 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.63. The business’s 50 day simple moving average is $35.22 and its 200-day simple moving average is $33.85. The stock has a market capitalization of $16.40 billion, a price-to-earnings ratio of 13.06, a PEG ratio of 1.41 and a beta of 1.10. Citizens Financial Group, Inc. has a twelve month low of $22.77 and a twelve month high of $37.30.

Citizens Financial Group (NYSE:CFG) last announced its quarterly 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). The company 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 firm’s revenue for the quarter was down 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.00 earnings per share. Equities research analysts forecast that Citizens Financial Group, Inc. will post 3.16 earnings per share for the current year.

Citizens Financial Group Dividend Announcement

The business also recently declared 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. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.66%. The ex-dividend date was Tuesday, April 30th. Citizens Financial Group’s payout ratio is 60.87%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CFG. Morgan Stanley reissued an “equal weight” rating and issued a $38.00 price target on shares of Citizens Financial Group in a report on Wednesday, June 12th. Piper Sandler raised Citizens Financial Group from a “neutral” rating to an “overweight” rating and increased their price target for the company from $35.00 to $41.00 in a report on Friday, April 26th. StockNews.com raised Citizens Financial Group from a “sell” rating to a “hold” rating in a report on Sunday, May 5th. Keefe, Bruyette & Woods increased their price target on Citizens Financial Group from $35.00 to $39.00 and gave the company a “market perform” rating in a report on Friday, April 5th. Finally, Evercore ISI upped their price objective on Citizens Financial Group from $38.00 to $39.00 and gave the company an “in-line” rating in a research note on Tuesday, June 25th. Ten equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $37.73.

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.