Dorsey & Whitney Trust CO LLC Cuts Stock Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

Dorsey & Whitney Trust CO LLC trimmed its stake in Citizens Financial Group, Inc. (NYSE:CFG) by 16.5% during the 4th quarter, Holdings Channel reports. The firm owned 6,374 shares of the bank’s stock after selling 1,259 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in Citizens Financial Group were worth $279,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Ameliora Wealth Management Ltd. purchased a new position in shares of Citizens Financial Group during the 4th quarter valued at about $28,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Citizens Financial Group in the 4th quarter worth $28,000. Ashton Thomas Securities LLC bought a new stake in Citizens Financial Group in the third quarter worth $27,000. Sierra Ocean LLC purchased a new stake in Citizens Financial Group during the fourth quarter valued at about $47,000. Finally, Legacy Investment Solutions LLC bought a new position in shares of Citizens Financial Group during the third quarter valued at about $48,000. 94.90% of the stock is owned by hedge funds and other institutional investors.

Citizens Financial Group Stock Performance

Shares of Citizens Financial Group stock opened at $39.90 on Wednesday. The business has a fifty day simple moving average of $45.68 and a two-hundred day simple moving average of $44.23. The firm has a market capitalization of $17.44 billion, a P/E ratio of 13.17, a P/E/G ratio of 0.81 and a beta of 1.06. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.56. Citizens Financial Group, Inc. has a 12 month low of $32.06 and a 12 month high of $49.25.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings data on Friday, January 17th. The bank reported $0.85 EPS 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 business had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same quarter in the previous year, the firm posted $0.85 earnings per share. Citizens Financial Group’s quarterly revenue was down .1% on a year-over-year basis. On average, equities analysts forecast that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current fiscal year.

Citizens Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 4.21%. The ex-dividend date of this dividend was Friday, January 31st. Citizens Financial Group’s dividend payout ratio (DPR) is presently 55.45%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on CFG shares. Barclays increased their target price on Citizens Financial Group from $47.00 to $52.00 and gave the company an “equal weight” rating in a report on Monday, January 6th. Citigroup increased their price objective on Citizens Financial Group from $50.00 to $58.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Truist Financial lifted their target price on shares of Citizens Financial Group from $49.00 to $54.00 and gave the stock a “hold” rating in a research note on Tuesday, January 21st. Stephens reissued an “overweight” rating and set a $53.00 price target on shares of Citizens Financial Group in a research report on Wednesday, January 29th. Finally, Raymond James restated 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 report on Tuesday, January 21st. Nine 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’s stock. According to data from MarketBeat, Citizens Financial Group presently has an average rating of “Moderate Buy” and a consensus price target of $49.00.

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.