Wendy A. Watson Sells 4,000 Shares of Citizens Financial Group Inc (CFG) Stock
Citizens Financial Group Inc (NYSE:CFG) Director Wendy A. Watson sold 4,000 shares of the firm’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $40.31, for a total value of $161,240.00. Following the transaction, the director now owns 12,917 shares in the company, valued at approximately $520,684.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Citizens Financial Group Inc (NYSE CFG) traded down $0.26 during mid-day trading on Thursday, reaching $40.63. The company had a trading volume of 4,265,100 shares, compared to its average volume of 4,747,289. Citizens Financial Group Inc has a 12 month low of $31.51 and a 12 month high of $42.52. The company has a market capitalization of $20,117.53, a P/E ratio of 16.56, a P/E/G ratio of 1.04 and a beta of 1.37. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.97 and a current ratio of 0.98.
Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings data on Friday, October 20th. The bank reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.04. Citizens Financial Group had a return on equity of 6.44% and a net margin of 20.26%. The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter last year, the company earned $0.52 earnings per share. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. sell-side analysts predict that Citizens Financial Group Inc will post 2.59 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date was Tuesday, October 31st. Citizens Financial Group’s payout ratio is currently 29.15%.
Several equities analysts have recently commented on CFG shares. Barclays raised their price target on Citizens Financial Group from $39.00 to $41.00 and gave the company an “equal weight” rating in a research note on Monday, October 23rd. BidaskClub upgraded Citizens Financial Group from a “strong sell” rating to a “sell” rating in a research note on Friday, August 25th. Zacks Investment Research lowered Citizens Financial Group from a “buy” rating to a “hold” rating in a research note on Friday, September 15th. Citigroup restated a “neutral” rating and set a $42.00 price target (up previously from $38.00) on shares of Citizens Financial Group in a research note on Monday, October 9th. Finally, Bank of America restated an “underperform” rating and set a $40.00 price target (down previously from $41.00) on shares of Citizens Financial Group in a research note on Monday, October 2nd. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $40.23.
A number of hedge funds have recently modified their holdings of the stock. Alps Advisors Inc. boosted its position in Citizens Financial Group by 0.3% during the second quarter. Alps Advisors Inc. now owns 12,875 shares of the bank’s stock valued at $459,000 after purchasing an additional 33 shares in the last quarter. Smithfield Trust Co. boosted its position in Citizens Financial Group by 1.4% during the second quarter. Smithfield Trust Co. now owns 4,994 shares of the bank’s stock valued at $178,000 after purchasing an additional 70 shares in the last quarter. First Allied Advisory Services Inc. boosted its position in Citizens Financial Group by 1.1% during the second quarter. First Allied Advisory Services Inc. now owns 7,101 shares of the bank’s stock valued at $250,000 after purchasing an additional 76 shares in the last quarter. Veritable L.P. boosted its position in Citizens Financial Group by 1.2% during the second quarter. Veritable L.P. now owns 6,408 shares of the bank’s stock valued at $229,000 after purchasing an additional 79 shares in the last quarter. Finally, D.A. Davidson & CO. boosted its holdings in Citizens Financial Group by 2.8% in the second quarter. D.A. Davidson & CO. now owns 6,845 shares of the bank’s stock worth $244,000 after acquiring an additional 188 shares in the last quarter. 98.84% of the stock is currently owned by institutional investors.
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Citizens Financial Group Company Profile
Citizens Financial Group, Inc is a retail bank holding company. The Company operates through two segments: Consumer Banking and Commercial Banking. Its Consumer Banking serves retail customers and small businesses. Consumer Banking products and services include deposit products, mortgage and home equity lending, auto financing, student loans, personal unsecured lines and loans, credit cards, business loans, wealth management and investment services.
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