Venture Visionary Partners LLC Has $1.51 Million Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

Venture Visionary Partners LLC lessened its stake in Citizens Financial Group, Inc. (NYSE:CFG) by 16.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,669 shares of the bank’s stock after selling 9,286 shares during the quarter. Venture Visionary Partners LLC’s holdings in Citizens Financial Group were worth $1,513,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Kinneret Advisory LLC lifted its stake in Citizens Financial Group by 2.3% in the first quarter. Kinneret Advisory LLC now owns 13,296 shares of the bank’s stock valued at $603,000 after buying an additional 298 shares in the last quarter. Hall Capital Management Co. Inc. lifted its stake in Citizens Financial Group by 3.6% in the third quarter. Hall Capital Management Co. Inc. now owns 12,064 shares of the bank’s stock valued at $323,000 after buying an additional 416 shares in the last quarter. Gladstone Institutional Advisory LLC lifted its stake in Citizens Financial Group by 5.6% in the first quarter. Gladstone Institutional Advisory LLC now owns 8,393 shares of the bank’s stock valued at $255,000 after buying an additional 446 shares in the last quarter. Wetherby Asset Management Inc. lifted its stake in Citizens Financial Group by 6.4% in the first quarter. Wetherby Asset Management Inc. now owns 7,481 shares of the bank’s stock valued at $227,000 after buying an additional 448 shares in the last quarter. Finally, Cadence Bank lifted its stake in Citizens Financial Group by 0.3% in the second quarter. Cadence Bank now owns 134,916 shares of the bank’s stock valued at $3,519,000 after buying an additional 458 shares in the last quarter. Institutional investors and hedge funds own 94.90% of the company’s stock.

Citizens Financial Group Price Performance

Shares of Citizens Financial Group stock opened at $33.98 on Friday. 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 has a market cap of $15.58 billion, a PE ratio of 10.93 and a beta of 1.38. The business has a 50 day moving average of $33.05 and a 200 day moving average of $30.17. 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 announced its 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 business had revenue of $2 billion for the quarter, compared to the consensus estimate 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 revenue was down 9.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.25 EPS. As a group, equities research analysts forecast that Citizens Financial Group, Inc. will post 3.23 earnings per share for the current year.

Citizens Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 14th. Investors of record on Wednesday, January 31st were issued a dividend of $0.42 per share. The ex-dividend date of this dividend was Tuesday, January 30th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.94%. Citizens Financial Group’s dividend payout ratio is presently 54.02%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CFG. Morgan Stanley lifted 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 research note on Wednesday, February 7th. TheStreet raised Citizens Financial Group from a “c+” rating to a “b-” rating in a research note on Tuesday, December 26th. StockNews.com downgraded Citizens Financial Group from a “hold” rating to a “sell” rating in a research note on Tuesday, March 5th. The Goldman Sachs Group raised their price objective on shares of Citizens Financial Group from $31.00 to $35.00 and gave the company a “buy” rating in a report on Monday, December 18th. Finally, Royal Bank of Canada raised their price objective on shares of Citizens Financial Group from $33.00 to $35.00 and gave the company an “outperform” rating in a report on Thursday, January 18th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Citizens Financial Group has an average rating of “Hold” and a consensus price target of $35.88.

Insiders Place Their Bets

In other Citizens Financial Group news, insider Craig Jack Read sold 4,508 shares of the stock in a transaction on Tuesday, March 5th. The stock was 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 owns 43,885 shares in the company, valued at $1,471,902.90. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.62% of the stock is owned by corporate insiders.

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.