1,000 Shares in Citizens Financial Group, Inc. (NYSE:CFG) Bought by Larson Financial Group LLC

Larson Financial Group LLC purchased a new position in Citizens Financial Group, Inc. (NYSE:CFG) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,000 shares of the bank’s stock, valued at approximately $33,000.

Other large investors also recently modified their holdings of the company. Meeder Asset Management Inc. acquired a new position in shares of Citizens Financial Group during the fourth quarter valued at $1,959,000. Alps Advisors Inc. increased its holdings in shares of Citizens Financial Group by 32.5% during the third quarter. Alps Advisors Inc. now owns 12,212 shares of the bank’s stock valued at $327,000 after purchasing an additional 2,992 shares during the period. ANTIPODES PARTNERS Ltd increased its holdings in shares of Citizens Financial Group by 49.9% during the fourth quarter. ANTIPODES PARTNERS Ltd now owns 1,296,648 shares of the bank’s stock valued at $42,970,000 after purchasing an additional 431,624 shares during the period. SeaTown Holdings Pte. Ltd. increased its holdings in shares of Citizens Financial Group by 3,222.9% during the third quarter. SeaTown Holdings Pte. Ltd. now owns 1,163,000 shares of the bank’s stock valued at $31,168,000 after purchasing an additional 1,128,000 shares during the period. Finally, Kornitzer Capital Management Inc. KS increased its holdings in shares of Citizens Financial Group by 1.4% during the fourth quarter. Kornitzer Capital Management Inc. KS now owns 539,730 shares of the bank’s stock valued at $17,887,000 after purchasing an additional 7,205 shares during the period. 94.90% of the stock is owned by institutional investors and hedge funds.

Citizens Financial Group Trading Up 0.4 %

NYSE:CFG opened at $35.14 on Friday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.63. Citizens Financial Group, Inc. has a 1-year low of $22.77 and a 1-year high of $36.38. The firm has a market capitalization of $16.11 billion, a price-to-earnings ratio of 12.73 and a beta of 1.38. The stock has a fifty day simple moving average of $33.68 and a 200 day simple moving average of $30.95.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings data on Wednesday, April 17th. The bank reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.10). Citizens Financial Group had a return on equity of 6.62% and a net margin of 11.52%. The business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same quarter in the previous year, the business posted $1.00 earnings per share. The company’s revenue was down 7.9% compared to the same quarter last year. Sell-side analysts forecast that Citizens Financial Group, Inc. will post 3.24 earnings per share for the current year.

Citizens Financial Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be issued a dividend of $0.42 per share. The ex-dividend date is Tuesday, April 30th. This represents a $1.68 annualized dividend and a dividend yield of 4.78%. Citizens Financial Group’s dividend payout ratio is 60.87%.

Insider Activity

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 transaction, the insider now directly owns 37,558 shares of the company’s stock, valued at approximately $1,265,704.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.62% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Keefe, Bruyette & Woods lifted their target price on Citizens Financial Group from $35.00 to $39.00 and gave the stock a “market perform” rating in a report on Friday, April 5th. Morgan Stanley lifted their target price on Citizens Financial Group from $31.00 to $39.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 7th. Argus lifted their target price on Citizens Financial Group from $36.00 to $39.00 and gave the stock a “buy” rating in a report on Wednesday. StockNews.com lowered Citizens Financial Group from a “hold” rating to a “sell” rating in a report on Saturday. Finally, Royal Bank of Canada lifted their target price on Citizens Financial Group from $33.00 to $35.00 and gave the stock an “outperform” rating in a report on Thursday, January 18th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $37.13.

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.