Michelle Moosally Sells 6,050 Shares of Citizens Financial Group (NYSE:CFG) Stock

Citizens Financial Group, Inc. (NYSE:CFG) insider Michelle Moosally sold 6,050 shares of Citizens Financial Group stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $62.16, for a total value of $376,068.00. Following the sale, the insider directly owned 22,565 shares in the company, valued at approximately $1,402,640.40. The trade was a 21.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Citizens Financial Group Stock Up 1.2%

Shares of NYSE CFG traded up $0.70 during midday trading on Thursday, reaching $61.13. 2,296,951 shares of the company’s stock were exchanged, compared to its average volume of 5,094,330. Citizens Financial Group, Inc. has a 52-week low of $38.80 and a 52-week high of $68.79. The stock has a market capitalization of $25.85 billion, a PE ratio of 14.45, a price-to-earnings-growth ratio of 0.49 and a beta of 0.70. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.84 and a current ratio of 0.85. The business’s fifty day moving average price is $61.36 and its two-hundred day moving average price is $59.57.

Citizens Financial Group (NYSE:CFG) last announced its earnings results on Thursday, April 16th. The bank reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.03. Citizens Financial Group had a return on equity of 8.31% and a net margin of 16.21%.The business had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.16 billion. During the same period in the previous year, the company earned $0.77 earnings per share. The company’s revenue for the quarter was up 12.0% compared to the same quarter last year. Analysts forecast that Citizens Financial Group, Inc. will post 5.19 EPS for the current year.

Citizens Financial Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 14th. Investors of record on Thursday, April 30th will be issued a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Thursday, April 30th. Citizens Financial Group’s payout ratio is currently 43.50%.

Analyst Upgrades and Downgrades

CFG has been the subject of several research analyst reports. Evercore reissued an “outperform” rating and issued a $75.00 price objective on shares of Citizens Financial Group in a report on Tuesday, April 21st. Weiss Ratings raised Citizens Financial Group from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 6th. DA Davidson boosted their price objective on Citizens Financial Group from $73.00 to $74.00 and gave the company a “buy” rating in a report on Monday, April 20th. Royal Bank Of Canada boosted their price objective on Citizens Financial Group from $67.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, April 17th. Finally, Citigroup reissued a “buy” rating on shares of Citizens Financial Group in a report on Friday, May 8th. Nineteen investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $70.88.

Hedge Funds Weigh In On Citizens Financial Group

A number of hedge funds and other institutional investors have recently bought and sold shares of CFG. NewEdge Advisors LLC boosted its stake in Citizens Financial Group by 2.4% in the first quarter. NewEdge Advisors LLC now owns 11,531 shares of the bank’s stock valued at $472,000 after acquiring an additional 274 shares during the period. Empowered Funds LLC boosted its stake in Citizens Financial Group by 6.7% in the first quarter. Empowered Funds LLC now owns 8,838 shares of the bank’s stock valued at $362,000 after acquiring an additional 554 shares during the period. Woodline Partners LP boosted its stake in Citizens Financial Group by 39.5% in the first quarter. Woodline Partners LP now owns 36,932 shares of the bank’s stock valued at $1,513,000 after acquiring an additional 10,466 shares during the period. Sivia Capital Partners LLC boosted its stake in Citizens Financial Group by 93.4% in the second quarter. Sivia Capital Partners LLC now owns 9,814 shares of the bank’s stock valued at $439,000 after acquiring an additional 4,739 shares during the period. Finally, Daiwa Securities Group Inc. boosted its stake in Citizens Financial Group by 5.2% in the second quarter. Daiwa Securities Group Inc. now owns 65,564 shares of the bank’s stock valued at $2,934,000 after acquiring an additional 3,225 shares during the period. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Citizens Financial Group Company Profile

Citizens Financial Group, Inc (NYSE: CFG) is a bank holding company that provides a broad range of banking and financial services to individuals, small and middle-market businesses, corporations and institutional clients. Headquartered in Providence, Rhode Island, Citizens conducts its banking operations principally through its primary banking subsidiary, Citizens Bank, and serves customers through a combination of branch locations, ATMs and digital channels. The company is publicly traded and operates under the regulatory framework applicable to U.S.