Citizens Financial Group Inc (NYSE:CFG) Director Wendy A. Watson sold 4,000 shares of the company’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $40.31, for a total transaction of $161,240.00. Following the completion of the transaction, the director now directly owns 12,917 shares of the company’s stock, valued at $520,684.27. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Shares of Citizens Financial Group Inc (NYSE:CFG) traded down $0.96 during trading hours on Wednesday, reaching $40.89. 6,205,600 shares of the company’s stock traded hands, compared to its average volume of 4,749,350. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.67. Citizens Financial Group Inc has a 52-week low of $31.51 and a 52-week high of $42.52. The company has a market cap of $20,589.84, a PE ratio of 16.94, a PEG ratio of 1.07 and a beta of 1.37.
Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings results on Friday, October 20th. The bank reported $0.68 EPS for the quarter, topping the consensus estimate of $0.64 by $0.04. Citizens Financial Group had a net margin of 20.26% and a return on equity of 6.44%. The firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.43 billion. During the same period in the previous year, the firm posted $0.52 EPS. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. research analysts expect that Citizens Financial Group Inc will post 2.59 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st were given a dividend of $0.18 per share. The ex-dividend date was Tuesday, October 31st. This represents a $0.72 annualized dividend and a yield of 1.76%. Citizens Financial Group’s dividend payout ratio (DPR) is presently 29.15%.
A number of equities analysts recently weighed in on the stock. Zacks Investment Research raised shares of Citizens Financial Group from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a research note on Monday, September 18th. Citigroup reaffirmed a “neutral” rating and issued a $42.00 target price (up from $38.00) on shares of Citizens Financial Group in a research note on Monday, October 9th. BidaskClub raised shares of Citizens Financial Group from a “strong sell” rating to a “sell” rating in a research note on Friday, August 25th. Oppenheimer reissued a “hold” rating on shares of Citizens Financial Group in a research report on Monday, October 23rd. Finally, Keefe, Bruyette & Woods set a $40.00 price target on shares of Citizens Financial Group and gave the stock a “buy” rating in a research report on Friday, August 11th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $40.23.
Several hedge funds have recently modified their holdings of CFG. Eagle Global Advisors LLC bought a new stake in shares of Citizens Financial Group in the 2nd quarter valued at about $215,000. Bessemer Group Inc. raised its holdings in shares of Citizens Financial Group by 80.6% in the 2nd quarter. Bessemer Group Inc. now owns 91,829 shares of the bank’s stock valued at $3,276,000 after purchasing an additional 40,973 shares during the period. Daiwa Securities Group Inc. raised its holdings in shares of Citizens Financial Group by 42.6% in the 2nd quarter. Daiwa Securities Group Inc. now owns 19,750 shares of the bank’s stock valued at $705,000 after purchasing an additional 5,900 shares during the period. Smithfield Trust Co. raised its holdings in shares of Citizens Financial Group by 1.4% in the 2nd quarter. Smithfield Trust Co. now owns 4,994 shares of the bank’s stock valued at $178,000 after purchasing an additional 70 shares during the period. Finally, IFP Advisors Inc raised its holdings in shares of Citizens Financial Group by 172.1% in the 2nd quarter. IFP Advisors Inc now owns 16,050 shares of the bank’s stock valued at $573,000 after purchasing an additional 10,151 shares during the period. 98.84% of the stock is currently owned by institutional investors.
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About Citizens Financial Group
Citizens Financial Group, Inc is a retail bank holding company. The Company operates through two segments: Consumer Banking and Commercial Banking. Its Consumer Banking serves retail customers and small businesses. Consumer Banking products and services include deposit products, mortgage and home equity lending, auto financing, student loans, personal unsecured lines and loans, credit cards, business loans, wealth management and investment services.
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