Venturi Wealth Management LLC Sells 589 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Venturi Wealth Management LLC lessened its holdings in Citizens Financial Group, Inc. (NYSE:CFG) by 14.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,487 shares of the bank’s stock after selling 589 shares during the period. Venturi Wealth Management LLC’s holdings in Citizens Financial Group were worth $153,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. CIBC Asset Management Inc raised its stake in Citizens Financial Group by 3.1% in the 4th quarter. CIBC Asset Management Inc now owns 68,922 shares of the bank’s stock valued at $3,016,000 after acquiring an additional 2,083 shares during the period. Sanctuary Advisors LLC raised its stake in Citizens Financial Group by 3.4% in the 4th quarter. Sanctuary Advisors LLC now owns 45,479 shares of the bank’s stock valued at $2,199,000 after acquiring an additional 1,510 shares during the period. Capital Performance Advisors LLP raised its stake in Citizens Financial Group by 30.3% in the 4th quarter. Capital Performance Advisors LLP now owns 6,093 shares of the bank’s stock valued at $267,000 after acquiring an additional 1,418 shares during the period. Strategic Advisors LLC increased its position in Citizens Financial Group by 7.8% during the 4th quarter. Strategic Advisors LLC now owns 21,770 shares of the bank’s stock worth $953,000 after buying an additional 1,570 shares during the period. Finally, Sierra Ocean LLC bought a new position in Citizens Financial Group during the 4th quarter worth $47,000. Institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Stock Performance

NYSE:CFG opened at $44.87 on Friday. The stock’s 50-day simple moving average is $45.79 and its 200 day simple moving average is $43.93. The firm has a market capitalization of $19.61 billion, a PE ratio of 14.81, a price-to-earnings-growth ratio of 0.81 and a beta of 1.10. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.56. Citizens Financial Group, Inc. has a twelve month low of $30.30 and a twelve month high of $49.25.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings results on Friday, January 17th. The bank reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.02. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The firm had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same period last year, the firm posted $0.85 earnings per share. The business’s revenue for the quarter was down .1% on a year-over-year basis. On average, analysts anticipate that Citizens Financial Group, Inc. will post 3.92 EPS for the current fiscal year.

Citizens Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were given a dividend of $0.42 per share. The ex-dividend date was Friday, January 31st. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.74%. Citizens Financial Group’s dividend payout ratio (DPR) is 55.45%.

Wall Street Analyst Weigh In

Several research firms have weighed in on CFG. Keefe, Bruyette & Woods increased their price objective on Citizens Financial Group from $53.00 to $56.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 21st. Stephens reiterated an “overweight” rating and set a $53.00 price objective on shares of Citizens Financial Group in a research report on Wednesday, January 29th. Piper Sandler increased their price objective on Citizens Financial Group from $48.00 to $53.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 3rd. Truist Financial increased their price objective on Citizens Financial Group from $49.00 to $54.00 and gave the stock a “hold” rating in a research report on Tuesday, January 21st. Finally, Raymond James reissued a “strong-buy” rating and set a $58.00 target price (up from $55.00) on shares of Citizens Financial Group in a report on Tuesday, January 21st. Nine research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Citizens Financial Group currently has a consensus rating of “Moderate Buy” and an average price target of $49.00.

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.