Trust Investment Advisors Sells 3,939 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Trust Investment Advisors decreased its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 9.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,502 shares of the bank’s stock after selling 3,939 shares during the quarter. Trust Investment Advisors’ holdings in Citizens Financial Group were worth $1,597,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Ameliora Wealth Management Ltd. bought a new stake in shares of Citizens Financial Group during the fourth quarter valued at approximately $28,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Citizens Financial Group during the 4th quarter worth $28,000. Sierra Ocean LLC bought a new stake in Citizens Financial Group during the 4th quarter valued at $47,000. Legacy Investment Solutions LLC purchased a new stake in shares of Citizens Financial Group in the 3rd quarter worth $48,000. Finally, Duncker Streett & Co. Inc. bought a new position in shares of Citizens Financial Group during the 4th quarter worth $51,000. 94.90% of the stock is owned by hedge funds and other institutional investors.

Citizens Financial Group Price Performance

NYSE CFG opened at $42.24 on Wednesday. The company has a market cap of $18.46 billion, a price-to-earnings ratio of 13.94, a PEG ratio of 0.81 and a beta of 1.06. 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 stock’s fifty day moving average price is $45.01 and its 200 day moving average price is $44.14. Citizens Financial Group, Inc. has a 1 year low of $32.06 and a 1 year high of $49.25.

Citizens Financial Group (NYSE:CFG) last announced 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%. The company’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period last year, the business posted $0.85 earnings per share. As a group, equities research analysts forecast that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current year.

Citizens Financial Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 3.98%. The ex-dividend date of this dividend was Friday, January 31st. Citizens Financial Group’s dividend payout ratio (DPR) is currently 55.45%.

Analyst Ratings Changes

Several analysts recently weighed in on CFG shares. Keefe, Bruyette & Woods lifted their price objective on Citizens Financial Group from $53.00 to $56.00 and gave the company a “market perform” rating in a report on Tuesday, January 21st. Citigroup lowered their price target on shares of Citizens Financial Group from $58.00 to $51.00 and set a “buy” rating for the company in a research report on Monday. The Goldman Sachs Group lifted their price objective on shares of Citizens Financial Group from $48.00 to $59.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Morgan Stanley lowered their target price on Citizens Financial Group from $60.00 to $54.00 and set an “equal weight” rating for the company in a report on Thursday, March 13th. Finally, Barclays lifted their price target 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. Nine analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Citizens Financial Group has a consensus rating of “Moderate Buy” and a consensus price target of $48.67.

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.