Coldstream Capital Management Inc. Raises Stock Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

Coldstream Capital Management Inc. boosted its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 22.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,031 shares of the bank’s stock after purchasing an additional 2,785 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Citizens Financial Group were worth $498,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Larson Financial Group LLC acquired a new stake in shares of Citizens Financial Group during the fourth quarter worth approximately $33,000. Authentikos Wealth Advisory LLC acquired a new position in Citizens Financial Group during the 3rd quarter worth $40,000. CVA Family Office LLC bought a new stake in shares of Citizens Financial Group in the 4th quarter worth about $40,000. Blue Trust Inc. increased 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 buying an additional 574 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV lifted its holdings in Citizens Financial Group by 40.4% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,640 shares of the bank’s stock worth $54,000 after buying an additional 472 shares during the last quarter. 94.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CFG has been the subject of a number of research analyst reports. Wedbush lowered their price target on Citizens Financial Group from $38.00 to $35.00 and set a “neutral” rating for the company in a report on Thursday, April 18th. JPMorgan Chase & Co. decreased their target price on Citizens Financial Group from $36.50 to $36.00 and set a “neutral” rating for the company in a research note on Wednesday, May 1st. Argus raised their price target on Citizens Financial Group from $36.00 to $39.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Keefe, Bruyette & Woods boosted their price objective on Citizens Financial Group from $35.00 to $39.00 and gave the company a “market perform” rating in a research report on Friday, April 5th. Finally, Piper Sandler upgraded Citizens Financial Group from a “neutral” rating to an “overweight” rating and raised their target price for the company from $35.00 to $41.00 in a research note on Friday, April 26th. Ten analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Citizens Financial Group currently has an average rating of “Hold” and an average target price of $37.73.

Citizens Financial Group Trading Down 2.2 %

Shares of CFG stock opened at $35.12 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. The stock has a 50-day simple moving average of $35.00 and a 200 day simple moving average of $32.40. Citizens Financial Group, Inc. has a fifty-two week low of $22.77 and a fifty-two week high of $37.30. The stock has a market capitalization of $15.98 billion, a P/E ratio of 12.72, a P/E/G ratio of 1.40 and a beta of 1.12.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings data on Wednesday, April 17th. The bank reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.10). The business had revenue of $1.96 billion during 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 business’s revenue for the quarter was down 7.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.00 EPS. On average, sell-side analysts expect that Citizens Financial Group, Inc. will post 3.15 earnings per share for the current fiscal year.

Citizens Financial Group Dividend Announcement

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

Insider Buying and Selling

In other Citizens Financial Group news, insider Craig Jack Read sold 4,508 shares of the firm’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 in the company, valued at $1,471,902.90. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.62% of the company’s stock.

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.