FSC Wealth Advisors LLC Has $108,000 Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

FSC Wealth Advisors LLC decreased its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 16.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 2,464 shares of the bank’s stock after selling 500 shares during the period. FSC Wealth Advisors LLC’s holdings in Citizens Financial Group were worth $108,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on CFG shares. Evercore ISI lowered their price target on Citizens Financial Group from $47.00 to $46.00 and set an “in-line” rating on the stock in a research report on Wednesday, October 2nd. Raymond James reaffirmed a “strong-buy” rating and issued a $58.00 price target (up from $55.00) on shares of Citizens Financial Group in a research report on Tuesday, January 21st. Barclays upped their price target on Citizens Financial Group from $47.00 to $52.00 and gave the stock an “equal weight” rating in a report on Monday, January 6th. 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 research report on Tuesday, November 26th. Finally, StockNews.com upgraded shares of Citizens Financial Group from a “sell” rating to a “hold” rating in a research report on Thursday, October 17th. 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 stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $49.00.

Citizens Financial Group Price Performance

Shares of CFG stock opened at $47.58 on Tuesday. The stock’s fifty day simple moving average is $45.74 and its 200 day simple moving average is $43.12. Citizens Financial Group, Inc. has a one year low of $30.24 and a one year high of $49.25. The firm has a market cap of $20.97 billion, a price-to-earnings ratio of 15.70, a P/E/G ratio of 0.82 and a beta of 1.10. 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 posted its earnings results 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. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. The business had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1,962,330 billion. During the same quarter in the prior year, the firm earned $0.85 EPS. The firm’s quarterly revenue was down .1% compared to the same quarter last year. On average, analysts expect that Citizens Financial Group, Inc. will post 3.94 earnings per share for the current fiscal year.

Citizens Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.53%. The ex-dividend date of this dividend is Friday, January 31st. Citizens Financial Group’s dividend payout ratio (DPR) is currently 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.