Capital International Inc. CA Boosts Position in Citizens Financial Group, Inc. $CFG

Capital International Inc. CA boosted its position in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 8.0% during the fourth quarter, Holdings Channel reports. The firm owned 654,571 shares of the bank’s stock after buying an additional 48,389 shares during the quarter. Capital International Inc. CA’s holdings in Citizens Financial Group were worth $38,233,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Parallel Advisors LLC boosted its position in Citizens Financial Group by 2.9% during the fourth quarter. Parallel Advisors LLC now owns 6,078 shares of the bank’s stock worth $355,000 after purchasing an additional 172 shares in the last quarter. AA Financial Advisors LLC boosted its position in Citizens Financial Group by 3.9% during the fourth quarter. AA Financial Advisors LLC now owns 4,657 shares of the bank’s stock worth $272,000 after purchasing an additional 174 shares in the last quarter. Inscription Capital LLC boosted its position in Citizens Financial Group by 1.6% during the fourth quarter. Inscription Capital LLC now owns 10,902 shares of the bank’s stock worth $637,000 after purchasing an additional 175 shares in the last quarter. Clear Harbor Asset Management LLC boosted its position in Citizens Financial Group by 0.9% during the fourth quarter. Clear Harbor Asset Management LLC now owns 19,694 shares of the bank’s stock worth $1,150,000 after purchasing an additional 175 shares in the last quarter. Finally, Grove Bank & Trust boosted its position in Citizens Financial Group by 19.8% during the fourth quarter. Grove Bank & Trust now owns 1,107 shares of the bank’s stock worth $65,000 after purchasing an additional 183 shares in the last quarter. 94.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have commented on the company. Evercore reiterated an “outperform” rating and set a $75.00 target price on shares of Citizens Financial Group in a research report on Tuesday, April 21st. Truist Financial boosted their price target on Citizens Financial Group from $63.00 to $69.00 and gave the stock a “hold” rating in a report on Friday, April 17th. Weiss Ratings raised Citizens Financial Group from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 6th. JPMorgan Chase & Co. boosted their price target on Citizens Financial Group from $68.00 to $68.50 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Finally, Royal Bank Of Canada boosted their price target on Citizens Financial Group from $67.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, April 17th. Nineteen research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $70.88.

Insider Buying and Selling at Citizens Financial Group

In related news, insider Michelle Moosally sold 6,050 shares of the company’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $62.16, for a total value of $376,068.00. Following the completion of the transaction, the insider directly owned 22,565 shares in the company, valued at approximately $1,402,640.40. This represents a 21.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Susan Lamonica sold 13,258 shares of the company’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $58.04, for a total value of $769,494.32. Following the completion of the transaction, the insider owned 165,971 shares of the company’s stock, valued at $9,632,956.84. The trade was a 7.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.67% of the company’s stock.

Citizens Financial Group Stock Performance

NYSE CFG opened at $64.09 on Friday. Citizens Financial Group, Inc. has a fifty-two week low of $40.17 and a fifty-two week high of $68.79. The stock has a market cap of $27.10 billion, a price-to-earnings ratio of 15.15, a price-to-earnings-growth ratio of 0.51 and a beta of 0.68. The business has a fifty day moving average of $62.84 and a 200-day moving average of $60.81. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.51.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings results on Thursday, April 16th. The bank reported $1.13 earnings per share for the quarter, topping 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 company had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.16 billion. During the same period in the previous year, the firm posted $0.77 earnings per share. The business’s revenue for the quarter was up 12.0% compared to the same quarter last year. As a group, analysts predict that Citizens Financial Group, Inc. will post 5.2 earnings per share for the current fiscal year.

Citizens Financial Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Thursday, April 30th were paid a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 2.9%. The ex-dividend date was Thursday, April 30th. Citizens Financial Group’s dividend payout ratio is presently 43.50%.

Citizens Financial Group Profile

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.