Craig Jack Read Sells 6,327 Shares of Citizens Financial Group, Inc. (NYSE:CFG) Stock

Citizens Financial Group, Inc. (NYSE:CFG) insider Craig Jack Read sold 6,327 shares of the firm’s stock in a transaction dated Friday, April 19th. The shares were sold at an average price of $33.70, for a total value of $213,219.90. Following the sale, the insider now directly owns 37,558 shares in the company, valued at $1,265,704.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Craig Jack Read also recently made the following trade(s):

• On Tuesday, March 5th, Craig Jack Read sold 4,508 shares of Citizens Financial Group stock. The stock was sold at an average price of $33.54, for a total value of $151,198.32.

Citizens Financial Group Stock Performance

Shares of NYSE:CFG opened at $34.98 on Wednesday. The firm’s 50 day simple moving average is $33.46 and its 200-day simple moving average is $30.83. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.87 and a current ratio of 0.87. Citizens Financial Group, Inc. has a one year low of $22.77 and a one year high of $36.38. The firm has a market cap of $16.04 billion, a PE ratio of 12.67 and a beta of 1.38.

Citizens Financial Group (NYSE:CFG) last issued its earnings results on Wednesday, April 17th. The bank reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.10). Citizens Financial Group had a net margin of 11.52% and a return on equity of 6.62%. The firm had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same period last year, the firm earned $1.00 earnings per share. The company’s revenue for the quarter was down 7.9% on a year-over-year basis. As a group, equities analysts predict that Citizens Financial Group, Inc. will post 3.24 EPS for the current year.

Citizens Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 4.80%. The ex-dividend date of this dividend is Tuesday, April 30th. Citizens Financial Group’s dividend payout ratio (DPR) is presently 60.87%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Jefferies Financial Group increased their price objective on shares of Citizens Financial Group from $35.00 to $36.00 and gave the company a “hold” rating in a report on Monday, April 8th. Royal Bank of Canada upped their price objective on Citizens Financial Group from $33.00 to $35.00 and gave the stock an “outperform” rating in a report on Thursday, January 18th. Wedbush decreased their price target on shares of Citizens Financial Group from $38.00 to $35.00 and set a “neutral” rating on the stock in a research note on Thursday, April 18th. Evercore ISI lifted their price objective on shares of Citizens Financial Group from $35.00 to $39.00 and gave the stock an “in-line” rating in a research note on Thursday, March 28th. Finally, UBS Group upped their target price on shares of Citizens Financial Group from $37.00 to $38.00 and gave the company a “buy” rating in a research report on Thursday, January 18th. Eleven research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $35.93.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in CFG. Lindbrook Capital LLC increased its holdings in 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 buying an additional 496 shares during the period. Larson Financial Group LLC purchased a new stake in shares of Citizens Financial Group during the 4th quarter worth $33,000. Quarry LP boosted its position in Citizens Financial Group by 183.1% during the fourth quarter. Quarry LP now owns 1,104 shares of the bank’s stock valued at $37,000 after purchasing an additional 714 shares in the last quarter. Authentikos Wealth Advisory LLC purchased a new position in Citizens Financial Group in the third quarter valued at about $40,000. Finally, CVA Family Office LLC purchased a new position in shares of Citizens Financial Group in the 4th quarter worth approximately $40,000. Hedge funds and other institutional investors own 94.90% of the company’s stock.

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.