Citizens Financial Group, Inc. (NYSE:CFG) Stock Position Cut by Tealwood Asset Management Inc.

Tealwood Asset Management Inc. decreased its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 0.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 42,824 shares of the bank’s stock after selling 235 shares during the period. Tealwood Asset Management Inc.’s holdings in Citizens Financial Group were worth $1,874,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Costello Asset Management INC acquired a new position in shares of Citizens Financial Group during the third quarter valued at approximately $25,000. Ashton Thomas Securities LLC bought a new position in Citizens Financial Group during the 3rd quarter valued at $27,000. Catalyst Capital Advisors LLC acquired a new position in shares of Citizens Financial Group during the 3rd quarter valued at $28,000. Legacy Investment Solutions LLC bought a new stake in shares of Citizens Financial Group in the 3rd quarter worth $48,000. Finally, Friedenthal Financial acquired a new stake in shares of Citizens Financial Group in the third quarter valued at $50,000. 94.90% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on CFG. StockNews.com raised Citizens Financial Group from a “sell” rating to a “hold” rating in a report on Thursday, October 17th. Citigroup raised their price objective on shares of Citizens Financial Group from $50.00 to $58.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. The Goldman Sachs Group boosted their target price on shares of Citizens Financial Group from $48.00 to $59.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. DA Davidson raised their target price on shares of Citizens Financial Group from $46.00 to $48.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Finally, Piper Sandler upped their price target on Citizens Financial Group from $48.00 to $53.00 and gave the company an “overweight” rating in a report on Tuesday, December 3rd. Nine investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $47.78.

Citizens Financial Group Trading Up 2.1 %

Shares of CFG stock opened at $44.19 on Tuesday. Citizens Financial Group, Inc. has a 12 month low of $30.24 and a 12 month high of $49.25. The company has a market cap of $19.47 billion, a PE ratio of 17.40, a price-to-earnings-growth ratio of 1.76 and a beta of 1.10. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.61. The business’s 50 day moving average is $45.55 and its two-hundred day moving average is $42.41.

Citizens Financial Group (NYSE:CFG) last posted its earnings results on Wednesday, October 16th. The bank reported $0.79 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.79. The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.94 billion. Citizens Financial Group had a net margin of 10.37% and a return on equity of 5.73%. Citizens Financial Group’s revenue was down 5.6% compared to the same quarter last year. During the same period last year, the business posted $0.85 EPS. Equities analysts predict that Citizens Financial Group, Inc. will post 3.2 EPS for the current year.

Citizens Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Wednesday, October 30th were given a dividend of $0.42 per share. The ex-dividend date of this dividend was Wednesday, October 30th. This represents a $1.68 annualized dividend and a dividend yield of 3.80%. Citizens Financial Group’s dividend payout ratio is presently 66.14%.

Citizens Financial Group 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.