Xponance Inc. Sells 5,590 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Xponance Inc. reduced its stake in Citizens Financial Group, Inc. (NYSE:CFG) by 8.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 60,806 shares of the bank’s stock after selling 5,590 shares during the period. Xponance Inc.’s holdings in Citizens Financial Group were worth $2,015,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Lindbrook Capital LLC increased its stake in shares of Citizens Financial Group by 100.8% during the third quarter. Lindbrook Capital LLC now owns 988 shares of the bank’s stock valued at $26,000 after purchasing an additional 496 shares in the last quarter. CVA Family Office LLC purchased a new stake in Citizens Financial Group in the fourth quarter worth approximately $40,000. Blue Trust Inc. boosted 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 worth $44,000 after purchasing an additional 574 shares during the last quarter. Authentikos Wealth Advisory LLC purchased a new stake in Citizens Financial Group in the third quarter worth approximately $40,000. Finally, Massmutual Trust Co. FSB ADV raised its position in Citizens Financial Group by 40.4% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,640 shares of the bank’s stock worth $54,000 after acquiring an additional 472 shares during the period. Institutional investors own 94.90% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. UBS Group increased their price target on shares of Citizens Financial Group from $37.00 to $38.00 and gave the stock a “buy” rating in a research report on Thursday, January 18th. Barclays cut shares of Citizens Financial Group from an “overweight” rating to an “equal weight” rating and lifted their price objective for the stock from $38.00 to $40.00 in a research note on Tuesday, January 2nd. Citigroup lifted their price objective on shares of Citizens Financial Group from $39.00 to $43.00 and gave the stock a “buy” rating in a research note on Friday. Jefferies Financial Group lifted their price target on shares of Citizens Financial Group from $35.00 to $36.00 and gave the stock a “hold” rating in a research note on Monday, April 8th. Finally, Royal Bank of Canada lifted their price target on shares of Citizens Financial Group from $33.00 to $35.00 and gave the stock an “outperform” rating in a research note on Thursday, January 18th. Eleven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $35.93.

Citizens Financial Group Trading Up 1.6 %

NYSE:CFG opened at $34.55 on Tuesday. Citizens Financial Group, Inc. has a one year low of $22.77 and a one year high of $36.38. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.87 and a current ratio of 0.87. The firm has a market cap of $15.84 billion, a P/E ratio of 12.52 and a beta of 1.38. The firm has a 50-day simple moving average of $33.37 and a 200-day simple moving average of $30.77.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings data on Wednesday, April 17th. The bank reported $0.65 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.10). The firm had revenue of $1.96 billion for the quarter, compared to the consensus estimate 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 was down 7.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.00 EPS. Equities analysts anticipate that Citizens Financial Group, Inc. will post 3.24 EPS for the current fiscal year.

Citizens Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 4.86%. The ex-dividend date of this dividend is Tuesday, April 30th. Citizens Financial Group’s dividend payout ratio is presently 60.87%.

Insiders Place Their Bets

In other Citizens Financial Group news, insider Craig Jack Read sold 6,327 shares of the business’s stock in a transaction that occurred on Friday, April 19th. The shares were sold at an average price of $33.70, for a total transaction of $213,219.90. Following the sale, the insider now owns 37,558 shares of the company’s stock, valued at approximately $1,265,704.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.62% of the stock is owned by insiders.

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.