Citizens Financial Group, Inc. (NYSE:CFG – Get Rating) Director Terrance Lillis bought 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 26th. The shares were acquired at an average cost of $41.31 per share, with a total value of $41,310.00. Following the purchase, the director now directly owns 2,000 shares of the company’s stock, valued at $82,620. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website.
Shares of Citizens Financial Group stock opened at $40.30 on Friday. The business’s fifty day simple moving average is $46.24 and its 200 day simple moving average is $48.77. The firm has a market capitalization of $17.01 billion, a P/E ratio of 8.54 and a beta of 1.44. Citizens Financial Group, Inc. has a 12 month low of $39.35 and a 12 month high of $57.00. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 0.29.
Citizens Financial Group (NYSE:CFG – Get Rating) last issued its quarterly earnings results on Tuesday, April 19th. The bank reported $0.93 EPS for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.02. The business had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.63 billion. Citizens Financial Group had a return on equity of 10.69% and a net margin of 30.67%. Citizens Financial Group’s quarterly revenue was down .8% compared to the same quarter last year. During the same period last year, the company posted $1.41 earnings per share. Analysts predict that Citizens Financial Group, Inc. will post 4.51 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 17th. Investors of record on Tuesday, May 3rd will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Monday, May 2nd. This represents a $1.56 dividend on an annualized basis and a yield of 3.87%. Citizens Financial Group’s dividend payout ratio (DPR) is currently 33.05%.
A number of large investors have recently added to or reduced their stakes in CFG. Amundi Pioneer Asset Management Inc. increased its position in Citizens Financial Group by 2.8% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 567,631 shares of the bank’s stock worth $18,448,000 after buying an additional 15,663 shares during the last quarter. AE Wealth Management LLC increased its position in Citizens Financial Group by 6.8% in the third quarter. AE Wealth Management LLC now owns 21,171 shares of the bank’s stock worth $995,000 after buying an additional 1,345 shares during the last quarter. Mn Services Vermogensbeheer B.V. increased its position in Citizens Financial Group by 1.0% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 314,879 shares of the bank’s stock worth $14,793,000 after buying an additional 3,200 shares during the last quarter. Herold Advisors Inc. purchased a new stake in Citizens Financial Group in the third quarter worth $112,000. Finally, Treasurer of the State of North Carolina increased its position in Citizens Financial Group by 3.3% in the third quarter. Treasurer of the State of North Carolina now owns 159,311 shares of the bank’s stock worth $7,484,000 after buying an additional 5,149 shares during the last quarter. 91.76% of the stock is owned by institutional investors and hedge funds.
CFG has been the subject of a number of research reports. Keefe, Bruyette & Woods cut Citizens Financial Group from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $64.00 to $54.00 in a research note on Tuesday, April 5th. UBS Group initiated coverage on Citizens Financial Group in a research note on Thursday, January 13th. They issued a “neutral” rating and a $58.00 price objective for the company. Credit Suisse Group raised their price objective on Citizens Financial Group from $48.00 to $50.00 and gave the company a “neutral” rating in a research note on Monday, January 24th. Barclays raised their target price on Citizens Financial Group from $55.00 to $62.00 in a report on Monday, January 3rd. Finally, StockNews.com started coverage on Citizens Financial Group in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Citizens Financial Group presently has an average rating of “Hold” and a consensus target price of $56.82.
Citizens Financial Group Company Profile (Get Rating)
Citizens Financial Group, Inc operates as the bank holding company for Citizens Bank, National Association 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.
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