Stifel Financial Corp Sells 22,224 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Stifel Financial Corp cut its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 7.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 269,150 shares of the bank's stock after selling 22,224 shares during the period. Stifel Financial Corp owned 0.06% of Citizens Financial Group worth $11,778,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Virtu Financial LLC purchased a new stake in Citizens Financial Group in the 3rd quarter worth approximately $453,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Citizens Financial Group in the third quarter worth $89,000. Tidal Investments LLC boosted its stake in Citizens Financial Group by 292.2% during the third quarter. Tidal Investments LLC now owns 69,851 shares of the bank's stock valued at $2,869,000 after buying an additional 52,039 shares during the period. Franklin Resources Inc. boosted its stake in Citizens Financial Group by 4.8% during the third quarter. Franklin Resources Inc. now owns 655,600 shares of the bank's stock valued at $28,368,000 after buying an additional 29,940 shares during the period. Finally, Oddo BHF Asset Management Sas purchased a new position in Citizens Financial Group during the third quarter worth about $590,000. 94.90% of the stock is currently owned by institutional investors.

Citizens Financial Group Trading Up 0.6 %

Shares of NYSE:CFG traded up $0.21 during midday trading on Tuesday, hitting $37.55. 4,515,028 shares of the stock traded hands, compared to its average volume of 4,799,603. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $16.41 billion, a PE ratio of 12.39, a P/E/G ratio of 0.81 and a beta of 0.81. Citizens Financial Group, Inc. has a one year low of $32.60 and a one year high of $49.25. The business's 50 day moving average is $39.67 and its two-hundred day moving average is $43.42.

Citizens Financial Group (NYSE:CFG - Get Free Report) last released its quarterly earnings data on Wednesday, April 16th. The bank reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.02. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The business had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $1.94 billion. As a group, research analysts forecast that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current year.

Citizens Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Wednesday, April 30th will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 4.47%. The ex-dividend date of this dividend is Wednesday, April 30th. Citizens Financial Group's payout ratio is currently 53.33%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CFG. Piper Sandler dropped their price target on Citizens Financial Group from $48.00 to $43.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. The Goldman Sachs Group cut their price target on shares of Citizens Financial Group from $55.00 to $48.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Stephens lowered their price objective on shares of Citizens Financial Group from $53.00 to $48.00 and set an "outperform" rating on the stock in a research report on Monday, April 7th. Royal Bank of Canada cut their target price on shares of Citizens Financial Group from $50.00 to $44.00 and set an "outperform" rating for the company in a research report on Thursday, April 17th. Finally, Citigroup reduced their target price on Citizens Financial Group from $58.00 to $51.00 and set a "buy" rating on the stock in a research note on Monday, March 24th. Eight analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $46.18.

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.