Infrastructure Capital Advisors LLC Buys Shares of 44,724 Citizens Financial Group, Inc. $CFG

Infrastructure Capital Advisors LLC bought a new stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) during the 4th quarter, Holdings Channel.com reports. The fund bought 44,724 shares of the bank’s stock, valued at approximately $2,612,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Channing Capital Management LLC bought a new stake in Citizens Financial Group during the 3rd quarter valued at $7,528,000. Allspring Global Investments Holdings LLC boosted its position in Citizens Financial Group by 5.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 504,595 shares of the bank’s stock valued at $29,968,000 after acquiring an additional 25,180 shares in the last quarter. Dynamic Advisor Solutions LLC purchased a new stake in shares of Citizens Financial Group during the 4th quarter valued at $2,412,000. WealthTrust Asset Management LLC purchased a new stake in shares of Citizens Financial Group during the 3rd quarter valued at $891,000. Finally, Todd Asset Management LLC lifted its holdings in shares of Citizens Financial Group by 10.6% during the 4th quarter. Todd Asset Management LLC now owns 991,510 shares of the bank’s stock valued at $57,914,000 after purchasing an additional 94,774 shares during the last quarter. Institutional investors own 94.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Citigroup reiterated a “buy” rating on shares of Citizens Financial Group in a report on Friday, May 8th. Weiss Ratings upgraded Citizens Financial Group from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 6th. Keefe, Bruyette & Woods increased their price objective on Citizens Financial Group from $70.00 to $72.00 and gave the company an “outperform” rating in a report on Friday, April 17th. Morgan Stanley decreased their price objective on Citizens Financial Group from $80.00 to $73.00 and set an “overweight” rating for the company in a report on Tuesday, March 31st. Finally, DA Davidson increased 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. Eighteen research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $70.88.

Citizens Financial Group Stock Performance

Shares of CFG opened at $66.74 on Thursday. The firm has a market cap of $28.22 billion, a PE ratio of 15.78, a P/E/G ratio of 0.53 and a beta of 0.68. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.51. The stock has a fifty day moving average price of $63.89 and a 200-day moving average price of $61.66. Citizens Financial Group, Inc. has a 12 month low of $40.41 and a 12 month high of $68.79.

Citizens Financial Group (NYSE:CFG) last issued 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. The company had revenue of $2.17 billion during the quarter, compared to analyst estimates 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 quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter last year, the business posted $0.77 EPS. Equities research analysts predict that Citizens Financial Group, Inc. will post 5.2 earnings per share for the current fiscal year.

Citizens Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Thursday, April 30th were paid a $0.46 dividend. The ex-dividend date was Thursday, April 30th. This represents a $1.84 dividend on an annualized basis and a yield of 2.8%. Citizens Financial Group’s dividend payout ratio (DPR) is 43.50%.

Insider Transactions at Citizens Financial Group

In related news, insider Michelle Moosally sold 6,050 shares of the firm’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 completion of the transaction, the insider owned 22,565 shares in the company, valued at $1,402,640.40. This trade represents a 21.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.67% of the stock is owned by company insiders.

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.