Alpine Woods Capital Investors LLC lessened its holdings in Citizens Financial Group (NYSE:CFG) by 3.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 391,400 shares of the bank’s stock after selling 12,900 shares during the period. Citizens Financial Group makes up 0.9% of Alpine Woods Capital Investors LLC’s portfolio, making the stock its 21st biggest position. Alpine Woods Capital Investors LLC owned about 0.08% of Citizens Financial Group worth $16,431,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of the stock. Ladenburg Thalmann Financial Services Inc. raised its position in Citizens Financial Group by 7.5% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 16,060 shares of the bank’s stock worth $674,000 after purchasing an additional 1,120 shares in the last quarter. Pitcairn Co. raised its position in Citizens Financial Group by 8.9% in the fourth quarter. Pitcairn Co. now owns 14,451 shares of the bank’s stock worth $606,000 after purchasing an additional 1,182 shares in the last quarter. Intrust Bank NA raised its position in Citizens Financial Group by 13.5% in the first quarter. Intrust Bank NA now owns 12,189 shares of the bank’s stock worth $511,000 after purchasing an additional 1,454 shares in the last quarter. ETRADE Capital Management LLC raised its position in Citizens Financial Group by 6.5% in the fourth quarter. ETRADE Capital Management LLC now owns 24,993 shares of the bank’s stock worth $1,050,000 after purchasing an additional 1,532 shares in the last quarter. Finally, Sentry Investment Management LLC increased its holdings in shares of Citizens Financial Group by 4.6% during the first quarter. Sentry Investment Management LLC now owns 35,980 shares of the bank’s stock worth $1,510,000 after buying an additional 1,584 shares in the last quarter. 97.67% of the stock is owned by hedge funds and other institutional investors.
CFG opened at $42.50 on Friday. Citizens Financial Group has a one year low of $42.29 and a one year high of $42.72. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.68. The company has a market cap of $20.71 billion, a PE ratio of 16.47, a P/E/G ratio of 0.59 and a beta of 1.41.
Citizens Financial Group (NYSE:CFG) last released its quarterly earnings results on Friday, April 20th. The bank reported $0.78 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.02. Citizens Financial Group had a net margin of 26.00% and a return on equity of 7.06%. The business had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.46 billion. During the same period in the prior year, the firm earned $0.61 earnings per share. Citizens Financial Group’s revenue was up 5.6% compared to the same quarter last year. equities analysts anticipate that Citizens Financial Group will post 3.44 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, May 16th. Stockholders of record on Wednesday, May 2nd were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Tuesday, May 1st. This represents a $0.88 annualized dividend and a dividend yield of 2.07%. Citizens Financial Group’s dividend payout ratio (DPR) is currently 34.11%.
Several research firms have recently weighed in on CFG. Citigroup dropped their price objective on shares of Citizens Financial Group from $50.00 to $48.00 and set a “neutral” rating for the company in a report on Monday, April 9th. Zacks Investment Research lowered shares of Citizens Financial Group from a “buy” rating to a “hold” rating in a report on Friday, March 23rd. Deutsche Bank raised shares of Citizens Financial Group from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a report on Tuesday, April 3rd. Sanford C. Bernstein set a $52.00 price objective on shares of Citizens Financial Group and gave the stock a “buy” rating in a report on Monday, January 22nd. Finally, Sandler O’Neill raised shares of Citizens Financial Group from a “hold” rating to a “buy” rating in a report on Monday, April 23rd. Four analysts have rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $44.36.
Citizens Financial Group Profile
Citizens Financial Group, Inc operates as the bank holding company for Citizens Bank, National Association and Citizens Bank of Pennsylvania that provide retail and commercial banking products and services in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.
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