Farther Finance Advisors LLC Has $198,000 Stock Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

Farther Finance Advisors LLC lowered its position in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 74.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 4,514 shares of the bank's stock after selling 12,954 shares during the period. Farther Finance Advisors LLC's holdings in Citizens Financial Group were worth $198,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Ameliora Wealth Management Ltd. bought a new position in shares of Citizens Financial Group during the fourth quarter worth about $28,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Citizens Financial Group during the fourth quarter worth about $28,000. Sierra Ocean LLC bought a new position in Citizens Financial Group in the 4th quarter valued at about $47,000. Legacy Investment Solutions LLC bought a new position in Citizens Financial Group in the 3rd quarter valued at about $48,000. Finally, Duncker Streett & Co. Inc. bought a new position in Citizens Financial Group in the 4th quarter valued at about $51,000. Institutional investors own 94.90% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Stephens reiterated an "overweight" rating and issued a $53.00 target price on shares of Citizens Financial Group in a research report on Wednesday, January 29th. Morgan Stanley decreased their target price on shares of Citizens Financial Group from $60.00 to $54.00 and set an "equal weight" rating for the company in a research report on Thursday, March 13th. Piper Sandler increased their target price on shares of Citizens Financial Group from $48.00 to $53.00 and gave the company an "overweight" rating in a research report on Tuesday, December 3rd. Compass Point increased their target price on shares of Citizens Financial Group from $45.00 to $57.00 and gave the company a "buy" rating in a research report on Tuesday, December 10th. Finally, Raymond James reiterated a "strong-buy" rating and issued a $58.00 target price (up previously from $55.00) on shares of Citizens Financial Group in a research report on Tuesday, January 21st. Nine investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $49.06.

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Citizens Financial Group Stock Up 0.5 %

Shares of NYSE CFG traded up $0.20 during mid-day trading on Friday, reaching $41.19. The company had a trading volume of 17,066,477 shares, compared to its average volume of 4,521,143. The stock has a fifty day moving average of $45.12 and a two-hundred day moving average of $44.11. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market capitalization of $18.00 billion, a price-to-earnings ratio of 13.59, a PEG ratio of 0.81 and a beta of 1.06. Citizens Financial Group, Inc. has a 12-month low of $32.06 and a 12-month high of $49.25.

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

Citizens Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 4.08%. The ex-dividend date was Friday, January 31st. Citizens Financial Group's payout ratio is presently 55.45%.

About Citizens Financial Group

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.