FineMark National Bank & Trust trimmed its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG – Get Rating) by 62.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,169 shares of the bank’s stock after selling 8,488 shares during the period. FineMark National Bank & Trust’s holdings in Citizens Financial Group were worth $244,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in CFG. Allspring Global Investments Holdings LLC bought a new position in Citizens Financial Group during the 4th quarter worth approximately $25,367,000. United Capital Financial Advisers LLC raised its stake in Citizens Financial Group by 6.9% during the 3rd quarter. United Capital Financial Advisers LLC now owns 39,154 shares of the bank’s stock worth $1,839,000 after buying an additional 2,528 shares during the period. Commonwealth Equity Services LLC lifted its holdings in Citizens Financial Group by 6.4% during the fourth quarter. Commonwealth Equity Services LLC now owns 193,194 shares of the bank’s stock worth $9,128,000 after acquiring an additional 11,639 shares in the last quarter. Spire Wealth Management grew its stake in Citizens Financial Group by 98.2% in the fourth quarter. Spire Wealth Management now owns 1,193 shares of the bank’s stock valued at $56,000 after acquiring an additional 591 shares during the period. Finally, Point72 Europe London LLP bought a new stake in shares of Citizens Financial Group in the third quarter worth about $8,513,000. Institutional investors and hedge funds own 94.81% of the company’s stock.
CFG opened at $38.71 on Wednesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.89 and a quick ratio of 0.88. The company has a market capitalization of $19.18 billion, a PE ratio of 8.20 and a beta of 1.44. The business has a fifty day simple moving average of $42.42 and a 200 day simple moving average of $47.58. Citizens Financial Group, Inc. has a 1 year low of $36.76 and a 1 year high of $57.00.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 17th. Investors of record on Tuesday, May 3rd were paid a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 4.03%. The ex-dividend date of this dividend was Monday, May 2nd. Citizens Financial Group’s payout ratio is 33.05%.
A number of analysts recently issued reports on CFG shares. Keefe, Bruyette & Woods cut Citizens Financial Group from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $64.00 to $54.00 in a research note on Tuesday, April 5th. StockNews.com initiated coverage on Citizens Financial Group in a report on Thursday, March 31st. They set a “hold” rating for the company. JPMorgan Chase & Co. boosted their target price on Citizens Financial Group from $56.50 to $57.00 and gave the company an “overweight” rating in a research note on Thursday, February 3rd. Robert W. Baird reaffirmed an “outperform” rating and issued a $58.00 target price on shares of Citizens Financial Group in a research report on Thursday, April 21st. Finally, Citigroup cut shares of Citizens Financial Group from a “buy” rating to a “neutral” rating in a research report on Monday, April 11th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $56.60.
In other Citizens Financial Group news, Director Terrance Lillis bought 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 26th. The shares were acquired at an average cost of $41.31 per share, for a total transaction of $41,310.00. Following the transaction, the director now directly owns 2,000 shares in the company, valued at $82,620. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.48% of the company’s stock.
Citizens Financial Group Company Profile (Get Rating)
Citizens Financial Group, Inc operates as the bank holding company for Citizens Bank, National Association 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.
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