Amalgamated Bank Sells 3,755 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Amalgamated Bank reduced its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 4.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 84,752 shares of the bank’s stock after selling 3,755 shares during the quarter. Amalgamated Bank’s holdings in Citizens Financial Group were worth $3,709,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in CFG. My Legacy Advisors LLC boosted its stake in Citizens Financial Group by 1.0% during the 4th quarter. My Legacy Advisors LLC now owns 22,810 shares of the bank’s stock valued at $1,074,000 after purchasing an additional 229 shares during the last quarter. Brooklyn Investment Group boosted its position in shares of Citizens Financial Group by 3.3% during the fourth quarter. Brooklyn Investment Group now owns 7,304 shares of the bank’s stock valued at $320,000 after buying an additional 233 shares during the last quarter. SeaCrest Wealth Management LLC grew its holdings in Citizens Financial Group by 0.9% during the fourth quarter. SeaCrest Wealth Management LLC now owns 28,726 shares of the bank’s stock worth $1,257,000 after buying an additional 246 shares in the last quarter. Ballentine Partners LLC grew its holdings in Citizens Financial Group by 3.3% during the fourth quarter. Ballentine Partners LLC now owns 7,777 shares of the bank’s stock worth $340,000 after buying an additional 247 shares in the last quarter. Finally, Commerce Bank raised its position in Citizens Financial Group by 1.9% in the 3rd quarter. Commerce Bank now owns 13,177 shares of the bank’s stock valued at $541,000 after buying an additional 250 shares during the last quarter. 94.90% of the stock is owned by institutional investors.

Citizens Financial Group Trading Up 1.3 %

Shares of CFG opened at $45.75 on Friday. Citizens Financial Group, Inc. has a fifty-two week low of $30.54 and a fifty-two week high of $49.25. The business has a 50-day moving average of $45.90 and a 200 day moving average of $44.13. The firm has a market cap of $20.00 billion, a P/E ratio of 15.10, a price-to-earnings-growth ratio of 0.81 and a beta of 1.10. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.85 and a current ratio of 0.85.

Citizens Financial Group (NYSE:CFG) last posted its earnings results on Friday, January 17th. The bank reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.02. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. The firm had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter last year, the company earned $0.85 earnings per share. The company’s revenue was down .1% on a year-over-year basis. As a group, research analysts forecast that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were issued a dividend of $0.42 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.68 dividend on an annualized basis and a yield of 3.67%. Citizens Financial Group’s payout ratio is 55.45%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Piper Sandler upped their target price on shares of Citizens Financial Group from $48.00 to $53.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 3rd. The Goldman Sachs Group boosted their price target on shares of Citizens Financial Group from $48.00 to $59.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Raymond James reiterated a “strong-buy” rating and issued a $58.00 price objective (up previously from $55.00) on shares of Citizens Financial Group in a research note on Tuesday, January 21st. Citigroup boosted their target price on Citizens Financial Group from $50.00 to $58.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Finally, Truist Financial increased their price target on Citizens Financial Group from $49.00 to $54.00 and gave the company a “hold” rating in a research report on Tuesday, January 21st. Nine equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $49.00.

Citizens Financial Group 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.