Gladstone Institutional Advisory LLC Purchases 584 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Gladstone Institutional Advisory LLC lifted its position in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 5.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 11,574 shares of the bank’s stock after acquiring an additional 584 shares during the quarter. Gladstone Institutional Advisory LLC’s holdings in Citizens Financial Group were worth $384,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in CFG. Norges Bank purchased a new stake in shares of Citizens Financial Group during the 4th quarter worth $117,372,000. Equity Investment Corp purchased a new stake in shares of Citizens Financial Group during the 4th quarter worth $233,000. Quadrant Capital Group LLC lifted its stake in shares of Citizens Financial Group by 13.7% during the 4th quarter. Quadrant Capital Group LLC now owns 6,266 shares of the bank’s stock worth $208,000 after purchasing an additional 756 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of Citizens Financial Group by 155.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 125,282 shares of the bank’s stock worth $4,152,000 after purchasing an additional 76,146 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Citizens Financial Group by 9.6% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 489,222 shares of the bank’s stock worth $15,724,000 after purchasing an additional 42,958 shares during the last quarter. Institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Trading Down 2.2 %

Shares of NYSE:CFG opened at $35.12 on Friday. Citizens Financial Group, Inc. has a 52-week low of $22.77 and a 52-week high of $37.30. The stock has a market cap of $15.98 billion, a price-to-earnings ratio of 12.72, a PEG ratio of 1.40 and a beta of 1.12. 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 business has a 50-day moving average price of $35.00 and a 200-day moving average price of $32.40.

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 firm had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.96 billion. Citizens Financial Group had a return on equity of 6.62% and a net margin of 11.52%. The company’s revenue for the quarter was down 7.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.00 earnings per share. Equities analysts predict that Citizens Financial Group, Inc. will post 3.15 EPS for the current year.

Citizens Financial Group Announces Dividend

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

Insider Buying and Selling

In related news, insider Craig Jack Read sold 6,327 shares of the firm’s stock in a transaction dated Friday, April 19th. The stock was sold at an average price of $33.70, for a total transaction of $213,219.90. Following the sale, the insider now directly owns 37,558 shares of the company’s stock, valued at $1,265,704.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.62% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Argus upped their price objective on Citizens Financial Group from $36.00 to $39.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. StockNews.com upgraded Citizens Financial Group from a “sell” rating to a “hold” rating in a research note on Sunday, May 5th. Jefferies Financial Group increased their price target on Citizens Financial Group from $35.00 to $36.00 and gave the company a “hold” rating in a research note on Monday, April 8th. JPMorgan Chase & Co. decreased their price target 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. Finally, Citigroup increased their price target on Citizens Financial Group from $39.00 to $43.00 and gave the company a “buy” rating in a research note on Friday, April 19th. Ten equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $37.73.

Citizens Financial Group Company 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.