Sterling Investment Counsel LLC increased its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG – Free Report) by 39.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 31,925 shares of the bank’s stock after acquiring an additional 8,953 shares during the period. Sterling Investment Counsel LLC’s holdings in Citizens Financial Group were worth $1,732,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. True Wealth Design LLC lifted its holdings in Citizens Financial Group by 891.5% during the 3rd quarter. True Wealth Design LLC now owns 585 shares of the bank’s stock valued at $31,000 after purchasing an additional 526 shares during the last quarter. State of Wyoming bought a new position in Citizens Financial Group during the 2nd quarter valued at about $39,000. Fortitude Family Office LLC lifted its holdings in Citizens Financial Group by 632.0% during the 4th quarter. Fortitude Family Office LLC now owns 710 shares of the bank’s stock valued at $41,000 after purchasing an additional 613 shares during the last quarter. Kestra Investment Management LLC lifted its holdings in Citizens Financial Group by 2,703.0% during the 2nd quarter. Kestra Investment Management LLC now owns 925 shares of the bank’s stock valued at $41,000 after purchasing an additional 892 shares during the last quarter. Finally, SJS Investment Consulting Inc. lifted its holdings in Citizens Financial Group by 3,569.2% during the 3rd quarter. SJS Investment Consulting Inc. now owns 954 shares of the bank’s stock valued at $51,000 after purchasing an additional 928 shares during the last quarter. 94.90% of the stock is currently owned by institutional investors and hedge funds.
Citizens Financial Group Stock Up 0.0%
Shares of NYSE CFG opened at $64.42 on Friday. The stock has a market cap of $27.38 billion, a P/E ratio of 15.23, a P/E/G ratio of 0.52 and a beta of 0.70. The firm has a 50 day moving average price of $61.40 and a 200 day moving average price of $58.09. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.84 and a current ratio of 0.85. Citizens Financial Group, Inc. has a 52-week low of $33.95 and a 52-week high of $68.79.
Citizens Financial Group Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, May 14th. Stockholders of record on Thursday, April 30th will be issued a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Thursday, April 30th. Citizens Financial Group’s dividend payout ratio is 47.55%.
Citizens Financial Group News Roundup
Here are the key news stories impacting Citizens Financial Group this week:
- Positive Sentiment: Q1 beat: CFG reported EPS $1.13 and revenue $2.17B, with net income up ~39% YoY and strong YoY EPS growth — core drivers were NII and fee income. This is the primary near‑term catalyst for the stock. TMCNet Q1 Results
- Positive Sentiment: Margin expansion & private banking: Analysts and commentary highlight margin expansion and growth in private/wealth channels as sustainable earnings levers, supporting higher earnings estimates. Seeking Alpha Margin Expansion
- Positive Sentiment: Analyst upgrades/price target raises: Multiple firms raised targets (RBC to $70/outperform; Keefe Bruyette & Woods to $72/outperform; Truist to $69/hold), signaling ~7–12% upside from current levels and likely supporting buying interest. Benzinga TickerReport The Fly
- Positive Sentiment: Dividend declared: CFG announced a quarterly dividend of $0.46 (annualized yield ~2.9%) with an ex‑dividend date of Apr 30 — supports income investors and base valuation.
- Neutral Sentiment: Earnings call & deep dive coverage: Transcripts and analyst deep dives (earnings slide deck and call transcripts) provide more detail on capital deployment, credit trends and guidance; useful for modeling forward EPS. Earnings Call Transcript Yahoo Deep Dive
- Negative Sentiment: Rising expenses & uncertainty: Some coverage flagged higher operating expenses and geopolitical/market uncertainty, which trimmed pre‑market gains despite the beat and could pressure near‑term margins if the trend continues. Zacks on Expenses
Insider Buying and Selling at Citizens Financial Group
In other news, insider Susan Lamonica sold 13,258 shares of the business’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 sale, 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.67% of the stock is owned by company insiders.
Analysts Set New Price Targets
A number of equities analysts have weighed in on CFG shares. Weiss Ratings raised shares of Citizens Financial Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, February 20th. Raymond James Financial downgraded shares of Citizens Financial Group from a “strong-buy” rating to an “outperform” rating and boosted their target price for the stock from $62.00 to $66.00 in a research note on Wednesday, January 7th. JPMorgan Chase & Co. dropped their target price on shares of Citizens Financial Group from $71.00 to $68.00 and set an “overweight” rating for the company in a research note on Tuesday, April 7th. DA Davidson boosted their target price on shares of Citizens Financial Group from $65.00 to $73.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Finally, Citigroup boosted their target price on shares of Citizens Financial Group from $65.00 to $71.00 and gave the stock a “buy” rating in a research note on Monday, January 26th. Nineteen equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $70.90.
Get Our Latest Stock Report on Citizens Financial Group
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.
See Also
Want to see what other hedge funds are holding CFG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Citizens Financial Group, Inc. (NYSE:CFG – Free Report).
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