Harvest Portfolios Group Inc. Sells 15,097 Shares of Citizens Financial Group, Inc. $CFG

Harvest Portfolios Group Inc. reduced its holdings in Citizens Financial Group, Inc. (NYSE:CFG) by 12.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 108,473 shares of the bank’s stock after selling 15,097 shares during the quarter. Harvest Portfolios Group Inc.’s holdings in Citizens Financial Group were worth $6,336,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Tredje AP fonden grew its position in shares of Citizens Financial Group by 33.5% in the 4th quarter. Tredje AP fonden now owns 46,991 shares of the bank’s stock worth $2,745,000 after buying an additional 11,790 shares during the last quarter. Handelsbanken Fonder AB grew its position in shares of Citizens Financial Group by 27.0% in the 4th quarter. Handelsbanken Fonder AB now owns 42,309 shares of the bank’s stock worth $2,471,000 after buying an additional 8,986 shares during the last quarter. ProShare Advisors LLC grew its position in shares of Citizens Financial Group by 3.1% in the 4th quarter. ProShare Advisors LLC now owns 105,360 shares of the bank’s stock worth $6,154,000 after buying an additional 3,130 shares during the last quarter. HighTower Advisors LLC grew its position in shares of Citizens Financial Group by 51.8% in the 4th quarter. HighTower Advisors LLC now owns 58,648 shares of the bank’s stock worth $3,426,000 after buying an additional 20,008 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its position in shares of Citizens Financial Group by 13.4% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 13,175 shares of the bank’s stock worth $770,000 after buying an additional 1,558 shares during the last quarter. 94.90% of the stock is currently owned by institutional investors.

Citizens Financial Group Trading Up 0.3%

CFG opened at $61.33 on Wednesday. The stock has a market cap of $25.94 billion, a PE ratio of 14.50, a PEG ratio of 0.49 and a beta of 0.70. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.51. The business has a 50 day moving average of $61.50 and a 200-day moving average of $59.85. Citizens Financial Group, Inc. has a 52 week low of $38.80 and a 52 week high of $68.79.

Citizens Financial Group (NYSE:CFG) last released its earnings results on Thursday, April 16th. The bank reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.03. The company had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.16 billion. Citizens Financial Group had a return on equity of 8.31% and a net margin of 16.21%.The firm’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.77 EPS. Equities research analysts predict that Citizens Financial Group, Inc. will post 5.19 earnings per share for the current fiscal year.

Citizens Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Thursday, April 30th were 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 was Thursday, April 30th. Citizens Financial Group’s payout ratio is 43.50%.

Insider Buying and Selling at Citizens Financial Group

In other Citizens Financial Group news, insider Michelle Moosally sold 6,050 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at approximately $1,402,640.40. The trade was a 21.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Susan Lamonica sold 13,258 shares of the business’s stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $58.04, for a total value of $769,494.32. Following the completion of the sale, the insider directly owned 165,971 shares in the company, valued at $9,632,956.84. This trade represents a 7.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.67% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CFG. Truist Financial lifted their price objective on Citizens Financial Group from $63.00 to $69.00 and gave the stock a “hold” rating in a research report on Friday, April 17th. Evercore reiterated an “outperform” rating and issued a $75.00 price objective on shares of Citizens Financial Group in a research report on Tuesday, April 21st. Argus raised their target price on Citizens Financial Group from $60.00 to $72.00 and gave the company a “buy” rating in a research note on Friday, January 23rd. Royal Bank Of Canada raised their target price on Citizens Financial Group from $67.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, April 17th. Finally, Bank of America raised their target price on Citizens Financial Group from $70.00 to $78.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Nineteen investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $70.88.

Citizens Financial Group 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.