6,510 Shares in Citizens Financial Group, Inc. (NYSE:CFG) Purchased by VCI Wealth Management LLC

VCI Wealth Management LLC purchased a new stake in Citizens Financial Group, Inc. (NYSE:CFG) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 6,510 shares of the bank’s stock, valued at approximately $216,000.

A number of other large investors also recently bought and sold shares of CFG. Meeder Asset Management Inc. purchased a new stake in Citizens Financial Group in the 4th quarter valued at $1,959,000. Alps Advisors Inc. increased its holdings in shares of Citizens Financial Group by 32.5% in the 3rd quarter. Alps Advisors Inc. now owns 12,212 shares of the bank’s stock valued at $327,000 after acquiring an additional 2,992 shares during the last quarter. ANTIPODES PARTNERS Ltd grew its stake in Citizens Financial Group by 49.9% during the 4th quarter. ANTIPODES PARTNERS Ltd now owns 1,296,648 shares of the bank’s stock worth $42,970,000 after buying an additional 431,624 shares during the last quarter. SeaTown Holdings Pte. Ltd. lifted its position in Citizens Financial Group by 3,222.9% during the 3rd quarter. SeaTown Holdings Pte. Ltd. now owns 1,163,000 shares of the bank’s stock worth $31,168,000 after acquiring an additional 1,128,000 shares during the period. Finally, Kornitzer Capital Management Inc. KS lifted its position in Citizens Financial Group by 1.4% during the 4th quarter. Kornitzer Capital Management Inc. KS now owns 539,730 shares of the bank’s stock worth $17,887,000 after acquiring an additional 7,205 shares during the period. 94.90% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Citizens Financial Group

In related news, insider Craig Jack Read sold 4,508 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $33.54, for a total transaction of $151,198.32. Following the sale, the insider now owns 43,885 shares of the company’s stock, valued at $1,471,902.90. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.62% of the company’s stock.

Wall Street Analyst Weigh In

CFG has been the subject of a number of analyst reports. Morgan Stanley boosted their price target on Citizens Financial Group from $31.00 to $39.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 7th. Royal Bank of Canada upped their target price on Citizens Financial Group from $33.00 to $35.00 and gave the stock an “outperform” rating in a research report on Thursday, January 18th. Piper Sandler raised Citizens Financial Group from a “neutral” rating to an “overweight” rating and increased their price target for the company from $35.00 to $41.00 in a report on Friday. Evercore ISI increased their price target on Citizens Financial Group from $35.00 to $39.00 and gave the stock an “in-line” rating in a research report on Thursday, March 28th. Finally, Jefferies Financial Group increased their price target on Citizens Financial Group from $35.00 to $36.00 and gave the company a “hold” rating in a research note on Monday, April 8th. Ten equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $37.13.

Citizens Financial Group Stock Up 0.4 %

CFG stock traded up $0.13 during trading on Friday, reaching $35.14. The stock had a trading volume of 3,168,271 shares, compared to its average volume of 5,799,489. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $16.11 billion, a price-to-earnings ratio of 12.68 and a beta of 1.38. Citizens Financial Group, Inc. has a one year low of $22.77 and a one year high of $36.38. The company’s 50 day moving average is $33.61 and its two-hundred day moving average is $30.89.

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

Citizens Financial Group Announces Dividend

The company also recently declared 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 annualized dividend and a yield of 4.78%. The ex-dividend date of this dividend 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.