Citizens Financial Group, Inc. (NYSE:CFG) Shares Sold by Klingman & Associates LLC

Klingman & Associates LLC decreased its stake in Citizens Financial Group, Inc. (NYSE:CFG) by 2.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 409,624 shares of the bank’s stock after selling 11,097 shares during the period. Citizens Financial Group accounts for 1.1% of Klingman & Associates LLC’s portfolio, making the stock its 27th biggest position. Klingman & Associates LLC’s holdings in Citizens Financial Group were worth $17,925,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of CFG. Costello Asset Management INC acquired a new stake in Citizens Financial Group during the 3rd quarter worth $25,000. Ameliora Wealth Management Ltd. acquired a new stake in Citizens Financial Group during the 4th quarter worth $28,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Citizens Financial Group during the 4th quarter worth $28,000. Ashton Thomas Securities LLC acquired a new stake in Citizens Financial Group during the 3rd quarter worth $27,000. Finally, Catalyst Capital Advisors LLC acquired a new stake in Citizens Financial Group during the 3rd quarter worth $28,000. Institutional investors and hedge funds own 94.90% of the company’s stock.

Citizens Financial Group Price Performance

Citizens Financial Group stock opened at $46.76 on Wednesday. Citizens Financial Group, Inc. has a 12-month low of $30.30 and a 12-month high of $49.25. The stock has a market capitalization of $20.61 billion, a P/E ratio of 15.43, a P/E/G ratio of 0.84 and a beta of 1.10. The firm’s 50-day moving average is $45.76 and its two-hundred day moving average is $43.79. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.85.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings results on Friday, January 17th. The bank reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.02. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. The company had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.96 billion. During the same period last year, the company earned $0.85 EPS. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. Equities analysts predict that Citizens Financial Group, Inc. will post 3.93 earnings per share for the current year.

Citizens Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were given a $0.42 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.68 annualized dividend and a dividend yield of 3.59%. Citizens Financial Group’s dividend payout ratio is presently 55.45%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Stephens reiterated an “overweight” rating and set a $53.00 price target on shares of Citizens Financial Group in a research note on Wednesday, January 29th. Truist Financial upped their price objective on shares of Citizens Financial Group from $49.00 to $54.00 and gave the stock a “hold” rating in a research report on Tuesday, January 21st. Piper Sandler upped their price objective on shares of Citizens Financial Group from $48.00 to $53.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 3rd. Raymond James restated a “strong-buy” rating and set a $58.00 price objective (up previously from $55.00) on shares of Citizens Financial Group in a research report on Tuesday, January 21st. Finally, Barclays upped their price objective on shares of Citizens Financial Group from $47.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Monday, January 6th. Nine investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $49.00.

Citizens Financial Group 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.