Klingman & Associates LLC Sells 11,097 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Klingman & Associates LLC lowered its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 2.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 409,624 shares of the bank's stock after selling 11,097 shares during the quarter. Citizens Financial Group accounts for about 1.1% of Klingman & Associates LLC's portfolio, making the stock its 27th biggest position. Klingman & Associates LLC owned about 0.09% of Citizens Financial Group worth $17,925,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. My Legacy Advisors LLC increased its holdings in Citizens Financial Group by 1.0% during the 4th quarter. My Legacy Advisors LLC now owns 22,810 shares of the bank's stock worth $1,074,000 after purchasing an additional 229 shares in the last quarter. Brooklyn Investment Group grew its holdings in shares of Citizens Financial Group by 3.3% during the fourth quarter. Brooklyn Investment Group now owns 7,304 shares of the bank's stock worth $320,000 after buying an additional 233 shares in the last quarter. SeaCrest Wealth Management LLC grew its holdings in shares of Citizens Financial Group by 0.9% during the fourth quarter. SeaCrest Wealth Management LLC now owns 28,726 shares of the bank's stock worth $1,257,000 after buying an additional 246 shares in the last quarter. Ballentine Partners LLC raised its position in Citizens Financial Group by 3.3% in the 4th quarter. Ballentine Partners LLC now owns 7,777 shares of the bank's stock valued at $340,000 after buying an additional 247 shares during the last quarter. Finally, Commerce Bank lifted its stake in Citizens Financial Group by 1.9% in the 3rd quarter. Commerce Bank now owns 13,177 shares of the bank's stock valued at $541,000 after acquiring an additional 250 shares in the last quarter. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on CFG shares. Citigroup lifted their price objective on shares of Citizens Financial Group from $50.00 to $58.00 and gave the company a "buy" rating in a report on Thursday, November 21st. Truist Financial lifted their price target on shares of Citizens Financial Group from $49.00 to $54.00 and gave the company a "hold" rating in a research note on Tuesday, January 21st. Compass Point increased their price objective on shares of Citizens Financial Group from $45.00 to $57.00 and gave the stock a "buy" rating in a research note on Tuesday, December 10th. Piper Sandler lifted their target price on Citizens Financial Group from $48.00 to $53.00 and gave the company an "overweight" rating in a research report on Tuesday, December 3rd. Finally, Stephens reiterated an "overweight" rating and set a $53.00 target price on shares of Citizens Financial Group in a report on Wednesday, January 29th. Nine investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $49.00.

Citizens Financial Group Stock Performance

Shares of NYSE:CFG traded down $1.32 during trading on Friday, reaching $44.87. 2,873,771 shares of the stock were exchanged, compared to its average volume of 3,767,096. The firm has a market cap of $19.61 billion, a PE ratio of 14.81, a PEG ratio of 0.83 and a beta of 1.10. 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 $30.30 and a 12 month high of $49.25. The stock has a 50-day moving average price of $45.80 and a 200-day moving average price of $43.89.

Citizens Financial Group (NYSE:CFG - Get Free Report) last posted its quarterly earnings data on Friday, January 17th. The bank reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.02. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The firm had revenue of $1.99 billion for the quarter, compared to analysts' expectations of $1.96 billion. During the same quarter last year, the business earned $0.85 EPS. The company's quarterly revenue was down .1% compared to the same quarter last year. Research analysts expect that Citizens Financial Group, Inc. will post 3.92 EPS for the current fiscal year.

Citizens Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 3.74%. The ex-dividend date of this dividend was Friday, January 31st. Citizens Financial Group's dividend payout ratio (DPR) is currently 55.45%.

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.