Gulf International Bank UK Ltd Decreases Stake in Citizens Financial Group, Inc. (NYSE:CFG)

Gulf International Bank UK Ltd decreased its stake in shares of Citizens Financial Group, Inc. (NYSE:CFGFree Report) by 11.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 40,071 shares of the bank’s stock after selling 4,942 shares during the period. Gulf International Bank UK Ltd’s holdings in Citizens Financial Group were worth $1,327,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Kinneret Advisory LLC lifted its position in shares of Citizens Financial Group by 2.3% during the first quarter. Kinneret Advisory LLC now owns 13,296 shares of the bank’s stock worth $603,000 after purchasing an additional 298 shares during the last quarter. Hall Capital Management Co. Inc. increased its stake in shares of Citizens Financial Group by 3.6% during the third quarter. Hall Capital Management Co. Inc. now owns 12,064 shares of the bank’s stock valued at $323,000 after acquiring an additional 416 shares during the period. Gladstone Institutional Advisory LLC boosted its holdings in Citizens Financial Group by 5.6% during the first quarter. Gladstone Institutional Advisory LLC now owns 8,393 shares of the bank’s stock worth $255,000 after buying an additional 446 shares in the last quarter. Wetherby Asset Management Inc. boosted its holdings in Citizens Financial Group by 6.4% during the first quarter. Wetherby Asset Management Inc. now owns 7,481 shares of the bank’s stock worth $227,000 after buying an additional 448 shares in the last quarter. Finally, Cadence Bank boosted its stake in Citizens Financial Group by 0.3% in the 2nd quarter. Cadence Bank now owns 134,916 shares of the bank’s stock worth $3,519,000 after purchasing an additional 458 shares during the period. Institutional investors own 92.67% of the company’s stock.

Insider Buying and Selling at Citizens Financial Group

In other Citizens Financial Group news, insider Craig Jack Read sold 4,508 shares of the business’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $33.54, for a total value of $151,198.32. Following the completion of the transaction, the insider now directly owns 43,885 shares of the company’s stock, valued at $1,471,902.90. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.53% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on CFG shares. Wedbush decreased their target price on shares of Citizens Financial Group from $36.00 to $35.00 and set a “neutral” rating for the company in a research note on Thursday, January 18th. Citigroup upgraded shares of Citizens Financial Group from a “neutral” rating to a “buy” rating and set a $36.00 price target on the stock in a report on Monday, February 5th. Barclays downgraded shares of Citizens Financial Group from an “overweight” rating to an “equal weight” rating and raised their price target for the company from $38.00 to $40.00 in a report on Tuesday, January 2nd. Morgan Stanley raised their price target on shares of Citizens Financial Group from $31.00 to $39.00 and gave the company an “equal weight” rating in a report on Wednesday, February 7th. Finally, StockNews.com downgraded shares of Citizens Financial Group from a “hold” rating to a “sell” rating in a report on Tuesday, March 5th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Citizens Financial Group currently has a consensus rating of “Hold” and an average target price of $35.00.

Check Out Our Latest Report on Citizens Financial Group

Citizens Financial Group Price Performance

NYSE:CFG opened at $35.15 on Friday. The firm has a market cap of $16.11 billion, a PE ratio of 11.30 and a beta of 1.36. Citizens Financial Group, Inc. has a 12 month low of $22.77 and a 12 month high of $36.18. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.60. The company’s 50-day moving average price is $32.52 and its two-hundred day moving average price is $29.64.

Citizens Financial Group (NYSE:CFGGet Free Report) last released its quarterly earnings results on Wednesday, January 17th. The bank reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.26). The firm had revenue of $2 billion during the quarter, compared to analyst estimates of $2 billion. Citizens Financial Group had a net margin of 13.19% and a return on equity of 7.40%. Citizens Financial Group’s quarterly revenue was down 9.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.25 earnings per share. On average, equities analysts anticipate that Citizens Financial Group, Inc. will post 3.3 EPS for the current fiscal year.

Citizens Financial Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 14th. Shareholders of record on Wednesday, January 31st were given a $0.42 dividend. The ex-dividend date was Tuesday, January 30th. This represents a $1.68 dividend on an annualized basis and a yield of 4.78%. Citizens Financial Group’s dividend payout ratio (DPR) is presently 54.02%.

Citizens Financial Group Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Citizens Financial Group (NYSE:CFG)

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