Kingswood Wealth Advisors LLC Raises Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

Kingswood Wealth Advisors LLC increased its position in Citizens Financial Group, Inc. (NYSE:CFG) by 10.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,095 shares of the bank’s stock after buying an additional 1,223 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Citizens Financial Group were worth $434,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the stock. Kinneret Advisory LLC grew its stake in shares of Citizens Financial Group by 2.3% during the first quarter. Kinneret Advisory LLC now owns 13,296 shares of the bank’s stock valued at $603,000 after acquiring an additional 298 shares in the last quarter. Hall Capital Management Co. Inc. raised its holdings in shares of Citizens Financial Group by 3.6% during the third quarter. Hall Capital Management Co. Inc. now owns 12,064 shares of the bank’s stock valued at $323,000 after buying an additional 416 shares during the last quarter. Gladstone Institutional Advisory LLC raised its holdings in shares of Citizens Financial Group by 5.6% during the first quarter. Gladstone Institutional Advisory LLC now owns 8,393 shares of the bank’s stock valued at $255,000 after buying an additional 446 shares during the last quarter. Wetherby Asset Management Inc. raised its holdings in Citizens Financial Group by 6.4% during the first quarter. Wetherby Asset Management Inc. now owns 7,481 shares of the bank’s stock worth $227,000 after purchasing an additional 448 shares in the last quarter. Finally, Cadence Bank raised its holdings in Citizens Financial Group by 0.3% during the second quarter. Cadence Bank now owns 134,916 shares of the bank’s stock worth $3,519,000 after purchasing an additional 458 shares in the last quarter. 94.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CFG has been the topic of several recent research reports. TheStreet upgraded shares of Citizens Financial Group from a “c+” rating to a “b-” rating in a research report on Tuesday, December 26th. Keefe, Bruyette & Woods boosted their price target on shares of Citizens Financial Group from $33.00 to $35.00 and gave the company a “market perform” rating in a report on Thursday, January 18th. Royal Bank of Canada boosted their price target on shares of Citizens Financial Group from $33.00 to $35.00 and gave the company an “outperform” rating in a report on Thursday, January 18th. The Goldman Sachs Group boosted their price target on shares of Citizens Financial Group from $31.00 to $35.00 and gave the company a “buy” rating in a report on Monday, December 18th. Finally, Citigroup upgraded shares of Citizens Financial Group from a “neutral” rating to a “buy” rating and set a $36.00 price target on the stock in a report on Monday, February 5th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat, Citizens Financial Group presently has a consensus rating of “Hold” and an average target price of $35.00.

Citizens Financial Group Stock Up 2.9 %

Citizens Financial Group stock opened at $35.84 on Thursday. The firm has a market cap of $16.43 billion, a price-to-earnings ratio of 11.52 and a beta of 1.36. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.88. Citizens Financial Group, Inc. has a fifty-two week low of $22.77 and a fifty-two week high of $36.18. The firm has a fifty day moving average price of $32.67 and a two-hundred day moving average price of $29.76.

Citizens Financial Group (NYSE:CFG) last released its earnings results on Wednesday, January 17th. The bank reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.26). The firm had revenue of $2 billion for the quarter, compared to analyst estimates of $2 billion. Citizens Financial Group had a return on equity of 7.40% and a net margin of 13.19%. The firm’s revenue was down 9.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.25 EPS. As a group, analysts forecast that Citizens Financial Group, Inc. will post 3.21 earnings per share for the current year.

Citizens Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 14th. Stockholders of record on Wednesday, January 31st were given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.69%. The ex-dividend date of this dividend was Tuesday, January 30th. Citizens Financial Group’s dividend payout ratio is currently 54.02%.

Insider Activity

In other news, insider Craig Jack Read sold 4,508 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $33.54, for a total transaction of $151,198.32. Following the completion of the transaction, the insider now owns 43,885 shares of the company’s stock, valued at $1,471,902.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.62% of the stock is owned by company insiders.

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.