Investors Sell Citizens Financial Group (CFG) on Strength (CFG)

Investors sold shares of Citizens Financial Group Inc (NYSE:CFG) on strength during trading hours on Thursday. $39.86 million flowed into the stock on the tick-up and $97.45 million flowed out of the stock on the tick-down, for a money net flow of $57.59 million out of the stock. Of all equities tracked, Citizens Financial Group had the 17th highest net out-flow for the day. Citizens Financial Group traded up $0.91 for the day and closed at $46.81

Several brokerages have commented on CFG. Zacks Investment Research upgraded shares of Citizens Financial Group from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research note on Wednesday, October 25th. Royal Bank of Canada reiterated a “hold” rating and issued a $45.00 price target on shares of Citizens Financial Group in a research note on Sunday, January 21st. TheStreet upgraded shares of Citizens Financial Group from a “c” rating to an “a+” rating in a research note on Monday, November 27th. Morgan Stanley boosted their price target on shares of Citizens Financial Group from $43.00 to $49.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 13th. Finally, Barclays boosted their price target on shares of Citizens Financial Group from $39.00 to $41.00 and gave the stock an “equal weight” rating in a research note on Monday, October 23rd. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the stock. Citizens Financial Group currently has a consensus rating of “Hold” and an average target price of $42.36.

The stock has a market cap of $23,030.00, a P/E ratio of 14.31, a P/E/G ratio of 0.78 and a beta of 1.37. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.96 and a quick ratio of 0.96.

Citizens Financial Group (NYSE:CFG) last announced its earnings results on Friday, January 19th. The bank reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.04. The firm had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.45 billion. Citizens Financial Group had a net margin of 25.60% and a return on equity of 6.73%. The business’s revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.55 EPS. research analysts forecast that Citizens Financial Group Inc will post 3.32 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.88%. This is a boost from Citizens Financial Group’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Wednesday, January 31st. Citizens Financial Group’s dividend payout ratio is currently 22.02%.

In other news, Director Wendy A. Watson sold 4,000 shares of the company’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $40.31, for a total transaction of $161,240.00. Following the sale, the director now directly owns 12,917 shares in the company, valued at approximately $520,684.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.21% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in CFG. D.A. Davidson & CO. raised its position in shares of Citizens Financial Group by 2.8% during the 2nd quarter. D.A. Davidson & CO. now owns 6,845 shares of the bank’s stock valued at $244,000 after buying an additional 188 shares in the last quarter. Veritable L.P. raised its position in shares of Citizens Financial Group by 1.2% during the 2nd quarter. Veritable L.P. now owns 6,408 shares of the bank’s stock valued at $229,000 after buying an additional 79 shares in the last quarter. Stifel Financial Corp raised its position in shares of Citizens Financial Group by 4.4% during the 2nd quarter. Stifel Financial Corp now owns 205,771 shares of the bank’s stock valued at $7,337,000 after buying an additional 8,625 shares in the last quarter. First Allied Advisory Services Inc. raised its position in shares of Citizens Financial Group by 1.1% during the 2nd quarter. First Allied Advisory Services Inc. now owns 7,101 shares of the bank’s stock valued at $250,000 after buying an additional 76 shares in the last quarter. Finally, HighTower Advisors LLC raised its position in shares of Citizens Financial Group by 12.8% during the 2nd quarter. HighTower Advisors LLC now owns 116,980 shares of the bank’s stock valued at $4,170,000 after buying an additional 13,296 shares in the last quarter. Hedge funds and other institutional investors own 98.41% of the company’s stock.

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Citizens Financial Group Company Profile

Citizens Financial Group, Inc is a retail bank holding company. The Company operates through two segments: Consumer Banking and Commercial Banking. Its Consumer Banking serves retail customers and small businesses. Consumer Banking products and services include deposit products, mortgage and home equity lending, auto financing, student loans, personal unsecured lines and loans, credit cards, business loans, wealth management and investment services.

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