Yousif Capital Management LLC Has $2.42 Million Stock Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

Yousif Capital Management LLC decreased its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 3.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 73,021 shares of the bank’s stock after selling 2,476 shares during the quarter. Yousif Capital Management LLC’s holdings in Citizens Financial Group were worth $2,420,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. GAMMA Investing LLC bought a new stake in shares of Citizens Financial Group in the fourth quarter valued at approximately $122,000. Larson Financial Group LLC bought a new stake in Citizens Financial Group in the 4th quarter valued at $33,000. OLD National Bancorp IN acquired a new stake in Citizens Financial Group in the 4th quarter worth $286,000. CWM LLC increased its holdings in shares of Citizens Financial Group by 33.4% during the 4th quarter. CWM LLC now owns 23,043 shares of the bank’s stock worth $764,000 after purchasing an additional 5,771 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of Citizens Financial Group by 1.6% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 78,727 shares of the bank’s stock valued at $2,609,000 after buying an additional 1,211 shares during the last quarter. Institutional investors and hedge funds own 94.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on CFG shares. Argus boosted their price target on Citizens Financial Group from $36.00 to $39.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. UBS Group boosted their price objective on Citizens Financial Group from $37.00 to $38.00 and gave the company a “buy” rating in a research report on Thursday, January 18th. Morgan Stanley upped their target price on Citizens Financial Group from $31.00 to $39.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 7th. Barclays downgraded shares of Citizens Financial Group from an “overweight” rating to an “equal weight” rating and lifted their price target for the stock from $38.00 to $40.00 in a research note on Tuesday, January 2nd. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Citizens Financial Group from $35.00 to $39.00 and gave the company a “market perform” rating in a research note on Friday, April 5th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Citizens Financial Group has a consensus rating of “Hold” and a consensus price target of $37.13.

Insider Buying and Selling at Citizens Financial Group

In other news, insider Craig Jack Read sold 6,327 shares of the company’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 transaction, the insider now directly owns 37,558 shares in the company, valued at $1,265,704.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.62% of the company’s stock.

Citizens Financial Group Stock Down 0.5 %

Shares of CFG opened at $34.98 on Tuesday. The business’s 50 day simple moving average is $33.75 and its 200-day simple moving average is $31.07. Citizens Financial Group, Inc. has a one year low of $22.77 and a one year high of $36.38. The company has a market capitalization of $16.04 billion, a P/E ratio of 12.67 and a beta of 1.38. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.87 and a quick ratio of 0.87.

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 analysts’ consensus estimates of $0.75 by ($0.10). Citizens Financial Group had a return on equity of 6.62% and a net margin of 11.52%. The business had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same period in the prior year, the firm posted $1.00 EPS. Citizens Financial Group’s revenue for the quarter was down 7.9% compared to the same quarter last year. As a group, sell-side analysts predict that Citizens Financial Group, Inc. will post 3.24 EPS for the current fiscal year.

Citizens Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 4.80%. The ex-dividend date is Tuesday, April 30th. Citizens Financial Group’s dividend payout ratio is currently 60.87%.

About Citizens Financial Group

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.