Michelle Moosally Sells 6,050 Shares of Citizens Financial Group (NYSE:CFG) Stock

Citizens Financial Group, Inc. (NYSE:CFG) insider Michelle Moosally sold 6,050 shares of Citizens Financial Group stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $62.16, for a total value of $376,068.00. Following the completion of the sale, the insider directly owned 22,565 shares of the company’s stock, valued at approximately $1,402,640.40. This represents a 21.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Citizens Financial Group Trading Up 1.2%

Shares of NYSE:CFG traded up $0.70 during midday trading on Thursday, reaching $61.13. The company’s stock had a trading volume of 2,296,951 shares, compared to its average volume of 5,094,330. Citizens Financial Group, Inc. has a 1 year low of $38.80 and a 1 year high of $68.79. The firm has a market cap of $25.85 billion, a price-to-earnings ratio of 14.45, a price-to-earnings-growth ratio of 0.49 and a beta of 0.70. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.51. The business has a 50 day moving average price of $61.36 and a 200 day moving average price of $59.57.

Citizens Financial Group (NYSE:CFG) last issued its earnings results on Thursday, April 16th. The bank reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.03. Citizens Financial Group had a return on equity of 8.31% and a net margin of 16.21%.The firm had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $2.16 billion. During the same quarter last year, the firm earned $0.77 earnings per share. The firm’s revenue for the quarter was up 12.0% compared to the same quarter last year. Research analysts forecast that Citizens Financial Group, Inc. will post 5.19 EPS for the current year.

Citizens Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 14th. Investors of record on Thursday, April 30th will be issued a $0.46 dividend. The ex-dividend date is Thursday, April 30th. This represents a $1.84 dividend on an annualized basis and a yield of 3.0%. Citizens Financial Group’s dividend payout ratio (DPR) is presently 43.50%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in CFG. University of Texas Texas AM Investment Management Co. purchased a new position in Citizens Financial Group in the fourth quarter valued at about $26,000. Cedar Mountain Advisors LLC purchased a new stake in shares of Citizens Financial Group during the first quarter worth about $27,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in shares of Citizens Financial Group during the fourth quarter worth about $29,000. Activest Wealth Management increased its position in shares of Citizens Financial Group by 5,600.0% during the fourth quarter. Activest Wealth Management now owns 513 shares of the bank’s stock worth $30,000 after acquiring an additional 504 shares during the last quarter. Finally, DV Equities LLC purchased a new stake in shares of Citizens Financial Group during the fourth quarter worth about $35,000. 94.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Argus lifted their target price on Citizens Financial Group from $60.00 to $72.00 and gave the company a “buy” rating in a report on Friday, January 23rd. Truist Financial lifted their target price on Citizens Financial Group from $63.00 to $69.00 and gave the company a “hold” rating in a report on Friday, April 17th. TD Cowen lifted their target price on Citizens Financial Group from $75.00 to $78.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. New Street Research set a $73.00 target price on Citizens Financial Group in a report on Thursday, January 22nd. Finally, Evercore reiterated an “outperform” rating and issued a $75.00 target price on shares of Citizens Financial Group in a report on Tuesday, April 21st. Nineteen analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.88.

About Citizens Financial Group

Citizens Financial Group, Inc (NYSE: CFG) is a bank holding company that provides a broad range of banking and financial services to individuals, small and middle-market businesses, corporations and institutional clients. Headquartered in Providence, Rhode Island, Citizens conducts its banking operations principally through its primary banking subsidiary, Citizens Bank, and serves customers through a combination of branch locations, ATMs and digital channels. The company is publicly traded and operates under the regulatory framework applicable to U.S.