Citizens Financial Group, Inc. (NYSE:CFG) Shares Sold by Goelzer Investment Management Inc.

Goelzer Investment Management Inc. trimmed its stake in Citizens Financial Group, Inc. (NYSE:CFG) by 2.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 201,177 shares of the bank’s stock after selling 5,123 shares during the quarter. Goelzer Investment Management Inc.’s holdings in Citizens Financial Group were worth $8,804,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Costello Asset Management INC purchased a new stake in shares of Citizens Financial Group during the 3rd quarter valued at $25,000. Ashton Thomas Securities LLC acquired a new position in Citizens Financial Group in the third quarter valued at $27,000. Catalyst Capital Advisors LLC purchased a new stake in Citizens Financial Group during the third quarter valued at about $28,000. Legacy Investment Solutions LLC purchased a new position in shares of Citizens Financial Group in the 3rd quarter worth about $48,000. Finally, Friedenthal Financial acquired a new position in shares of Citizens Financial Group in the 3rd quarter valued at about $50,000. Institutional investors and hedge funds own 94.90% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on CFG. StockNews.com upgraded shares of Citizens Financial Group from a “sell” rating to a “hold” rating in a report on Thursday, October 17th. Truist Financial raised their target price on shares of Citizens Financial Group from $49.00 to $54.00 and gave the company a “hold” rating in a research note on Tuesday. Piper Sandler increased 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. The Goldman Sachs Group boosted their price objective on Citizens Financial Group from $48.00 to $59.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Finally, Citigroup increased their target price on Citizens Financial Group from $50.00 to $58.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Nine research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $49.00.

Citizens Financial Group Stock Performance

Shares of Citizens Financial Group stock opened at $47.44 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.85 and a current ratio of 0.85. Citizens Financial Group, Inc. has a 1 year low of $30.24 and a 1 year high of $49.25. The firm’s 50-day simple moving average is $45.73 and its 200-day simple moving average is $42.94. The firm has a market cap of $20.91 billion, a PE ratio of 15.66, a price-to-earnings-growth ratio of 0.82 and a beta of 1.10.

Citizens Financial Group (NYSE:CFG) last released its earnings results on Friday, January 17th. The bank reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.02. The company had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1,962,330 billion. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. Citizens Financial Group’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter last year, the business posted $0.85 EPS. Equities analysts forecast that Citizens Financial Group, Inc. will post 3.94 earnings per share for the current fiscal year.

Citizens Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 3.54%. The ex-dividend date is Friday, January 31st. Citizens Financial Group’s dividend payout ratio (DPR) is presently 55.45%.

About Citizens Financial Group

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.