Zurcher Kantonalbank Zurich Cantonalbank Sells 16,422 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Zurcher Kantonalbank Zurich Cantonalbank trimmed its position in Citizens Financial Group, Inc. (NYSE:CFG) by 14.2% during the 4th quarter, HoldingsChannel reports. The firm owned 99,107 shares of the bank’s stock after selling 16,422 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Citizens Financial Group were worth $4,337,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Ashton Thomas Securities LLC bought a new position in Citizens Financial Group in the third quarter worth approximately $27,000. Apollon Wealth Management LLC raised its holdings in Citizens Financial Group by 46.0% in the 3rd quarter. Apollon Wealth Management LLC now owns 22,173 shares of the bank’s stock worth $911,000 after purchasing an additional 6,989 shares during the period. MQS Management LLC bought a new position in Citizens Financial Group in the 3rd quarter worth $261,000. Curi RMB Capital LLC lifted its position in Citizens Financial Group by 2.0% during the third quarter. Curi RMB Capital LLC now owns 187,776 shares of the bank’s stock valued at $7,712,000 after purchasing an additional 3,636 shares in the last quarter. Finally, OneDigital Investment Advisors LLC bought a new stake in Citizens Financial Group during the third quarter valued at about $232,000. Institutional investors own 94.90% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Compass Point lifted their price objective on Citizens Financial Group from $45.00 to $57.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Piper Sandler lifted their price target on shares of Citizens Financial Group from $48.00 to $53.00 and gave the company an “overweight” rating in a report on Tuesday, December 3rd. Barclays increased their price objective on shares of Citizens Financial Group from $47.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Monday, January 6th. Stephens restated an “overweight” rating and set a $53.00 target price on shares of Citizens Financial Group in a research note on Wednesday, January 29th. Finally, Raymond James reaffirmed a “strong-buy” rating and issued a $58.00 target price (up previously from $55.00) on shares of Citizens Financial Group in a report on Tuesday, January 21st. Nine equities research 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $49.22.

Citizens Financial Group Stock Up 2.5 %

NYSE CFG opened at $40.72 on Friday. The stock has a 50 day moving average price of $45.46 and a 200-day moving average price of $44.16. Citizens Financial Group, Inc. has a one year low of $32.06 and a one year high of $49.25. The company has a market capitalization of $17.80 billion, a P/E ratio of 13.44, a P/E/G ratio of 0.81 and a beta of 1.06. 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 (NYSE:CFG) last issued its quarterly earnings data on Friday, January 17th. The bank reported $0.85 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $1.96 billion. During the same period last year, the company posted $0.85 EPS. The business’s revenue was down .1% on a year-over-year basis. As a group, equities analysts predict that Citizens Financial Group, Inc. will post 3.92 EPS for the current fiscal year.

Citizens Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.13%. The ex-dividend date of this dividend was Friday, January 31st. Citizens Financial Group’s dividend payout ratio (DPR) is 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.