Citizens Financial Group, Inc. (NYSE:CFG) Shares Sold by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC decreased its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 8.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,169 shares of the bank’s stock after selling 473 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Citizens Financial Group were worth $226,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. TD Waterhouse Canada Inc. increased its stake in Citizens Financial Group by 2,285.6% during the 4th quarter. TD Waterhouse Canada Inc. now owns 28,651 shares of the bank’s stock valued at $1,254,000 after purchasing an additional 27,450 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Citizens Financial Group by 83.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 33,753 shares of the bank’s stock worth $1,477,000 after purchasing an additional 15,378 shares during the last quarter. MML Investors Services LLC raised its holdings in shares of Citizens Financial Group by 5.8% during the fourth quarter. MML Investors Services LLC now owns 56,989 shares of the bank’s stock worth $2,494,000 after purchasing an additional 3,143 shares during the last quarter. Mesirow Institutional Investment Management Inc. lifted its position in Citizens Financial Group by 55.9% during the fourth quarter. Mesirow Institutional Investment Management Inc. now owns 90,123 shares of the bank’s stock valued at $3,944,000 after purchasing an additional 32,327 shares during the period. Finally, Norinchukin Bank The lifted its holdings in shares of Citizens Financial Group by 9.0% in the 4th quarter. Norinchukin Bank The now owns 20,424 shares of the bank’s stock valued at $894,000 after buying an additional 1,691 shares during the period. Institutional investors and hedge funds own 94.90% of the company’s stock.

Citizens Financial Group Stock Up 0.7 %

NYSE:CFG opened at $37.31 on Tuesday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.56. The stock’s fifty day moving average is $39.67 and its two-hundred day moving average is $43.42. Citizens Financial Group, Inc. has a 52 week low of $32.60 and a 52 week high of $49.25. The stock has a market capitalization of $16.31 billion, a price-to-earnings ratio of 12.31, a price-to-earnings-growth ratio of 0.81 and a beta of 0.81.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings data on Wednesday, April 16th. The bank reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.02. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The business had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.94 billion. Research analysts anticipate that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 4.50%. The ex-dividend date is Wednesday, April 30th. Citizens Financial Group’s payout ratio is 53.33%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CFG. The Goldman Sachs Group cut their price target on Citizens Financial Group from $55.00 to $48.00 and set a “buy” rating for the company in a research note on Thursday, April 17th. Truist Financial cut their price target on Citizens Financial Group from $51.00 to $43.00 and set a “hold” rating for the company in a research note on Thursday, April 17th. Barclays cut their price target on Citizens Financial Group from $52.00 to $49.00 and set an “equal weight” rating for the company in a research note on Thursday, April 17th. DA Davidson cut their price target on Citizens Financial Group from $53.00 to $49.00 and set a “buy” rating for the company in a research note on Thursday, April 17th. Finally, Keefe, Bruyette & Woods cut their price target on Citizens Financial Group from $49.00 to $45.00 and set a “market perform” rating for the company in a research note on Thursday, April 17th. Eight equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $46.18.

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.