Securian Asset Management Inc. Sells 1,109 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Securian Asset Management Inc. trimmed its position in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 4.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,685 shares of the bank’s stock after selling 1,109 shares during the quarter. Securian Asset Management Inc.’s holdings in Citizens Financial Group were worth $1,036,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ashton Thomas Securities LLC bought a new stake in Citizens Financial Group in the 3rd quarter valued at $27,000. Ameliora Wealth Management Ltd. bought a new stake in Citizens Financial Group in the 4th quarter valued at $28,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Citizens Financial Group in the 4th quarter valued at $28,000. Sierra Ocean LLC bought a new stake in Citizens Financial Group in the 4th quarter valued at $47,000. Finally, Legacy Investment Solutions LLC bought a new stake in Citizens Financial Group in the 3rd quarter valued at $48,000. 94.90% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Compass Point boosted their price objective 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. Stephens reaffirmed an “overweight” rating and issued a $53.00 price objective on shares of Citizens Financial Group in a research report on Wednesday, January 29th. Morgan Stanley cut their price objective on shares of Citizens Financial Group from $60.00 to $54.00 and set an “equal weight” rating on the stock in a research report on Thursday. The Goldman Sachs Group boosted their price target on shares of Citizens Financial Group from $48.00 to $59.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Finally, Citigroup boosted their price target on shares of Citizens Financial Group from $50.00 to $58.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Nine analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $49.22.

Citizens Financial Group Stock Up 2.5 %

Citizens Financial Group stock opened at $40.72 on Friday. The firm has a market capitalization of $17.80 billion, a PE ratio of 13.44, a P/E/G ratio of 0.81 and a beta of 1.06. The company’s 50-day moving average is $45.46 and its 200-day moving average is $44.16. Citizens Financial Group, Inc. has a fifty-two week low of $32.06 and a fifty-two week high of $49.25. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.85.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings data on Friday, January 17th. The bank reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.02. The company 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%. Citizens Financial Group’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.85 EPS. Sell-side analysts anticipate 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 declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were issued a $0.42 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.68 annualized dividend and a yield of 4.13%. Citizens Financial Group’s dividend payout ratio is currently 55.45%.

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.