9,908 Shares in Citizens Financial Group, Inc. $CFG Purchased by Rothschild Wealth LLC

Rothschild Wealth LLC acquired a new position in shares of Citizens Financial Group, Inc. (NYSE:CFG) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 9,908 shares of the bank’s stock, valued at approximately $579,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. AA Financial Advisors LLC boosted its position in Citizens Financial Group by 3.9% during the fourth quarter. AA Financial Advisors LLC now owns 4,657 shares of the bank’s stock worth $272,000 after purchasing an additional 174 shares during the period. Inscription Capital LLC boosted its position in shares of Citizens Financial Group by 1.6% in the fourth quarter. Inscription Capital LLC now owns 10,902 shares of the bank’s stock valued at $637,000 after acquiring an additional 175 shares during the period. Clear Harbor Asset Management LLC boosted its position in shares of Citizens Financial Group by 0.9% in the fourth quarter. Clear Harbor Asset Management LLC now owns 19,694 shares of the bank’s stock valued at $1,150,000 after acquiring an additional 175 shares during the period. Grove Bank & Trust boosted its position in shares of Citizens Financial Group by 19.8% in the fourth quarter. Grove Bank & Trust now owns 1,107 shares of the bank’s stock valued at $65,000 after acquiring an additional 183 shares during the period. Finally, MGO One Seven LLC boosted its position in shares of Citizens Financial Group by 3.7% in the fourth quarter. MGO One Seven LLC now owns 5,270 shares of the bank’s stock valued at $308,000 after acquiring an additional 187 shares during the period. Institutional investors own 94.90% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on CFG shares. Robert W. Baird upgraded shares of Citizens Financial Group from a “neutral” rating to an “outperform” rating and set a $65.00 price objective for the company in a research report on Monday, March 9th. Royal Bank Of Canada raised their price objective on shares of Citizens Financial Group from $67.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, April 17th. Citigroup restated a “buy” rating on shares of Citizens Financial Group in a research report on Friday, May 8th. Cantor Fitzgerald restated an “overweight” rating and issued a $75.00 price objective on shares of Citizens Financial Group in a research report on Tuesday, March 3rd. Finally, Truist Financial raised their price objective on shares of Citizens Financial Group from $63.00 to $69.00 and gave the company a “hold” rating in a research report on Friday, April 17th. Nineteen investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $70.88.

Insiders Place Their Bets

In other news, insider Michelle Moosally sold 6,050 shares of the business’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $62.16, for a total transaction of $376,068.00. Following the sale, the insider owned 22,565 shares in the company, valued at approximately $1,402,640.40. The trade was a 21.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Susan Lamonica sold 13,258 shares of the business’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $58.04, for a total transaction of $769,494.32. Following the sale, the insider owned 165,971 shares in the company, valued at approximately $9,632,956.84. This trade represents a 7.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.67% of the company’s stock.

Citizens Financial Group Stock Down 2.5%

Shares of NYSE CFG opened at $60.73 on Tuesday. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.51. Citizens Financial Group, Inc. has a 52 week low of $39.40 and a 52 week high of $68.79. The firm’s fifty day moving average is $62.47 and its 200 day moving average is $60.56. The company has a market cap of $25.68 billion, a price-to-earnings ratio of 14.36, a PEG ratio of 0.49 and a beta of 0.70.

Citizens Financial Group (NYSE:CFG) last issued its earnings results on Thursday, April 16th. The bank reported $1.13 EPS for the quarter, topping the consensus estimate of $1.10 by $0.03. Citizens Financial Group had a net margin of 16.21% and a return on equity of 8.31%. The company had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.16 billion. During the same period in the previous year, the firm earned $0.77 earnings per share. The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. On average, equities research analysts expect that Citizens Financial Group, Inc. will post 5.2 earnings per share for the current year.

Citizens Financial Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Thursday, April 30th were issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Thursday, April 30th. Citizens Financial Group’s payout ratio is 43.50%.

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.