Citizens Financial Group, Inc. $CFG Shares Sold by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S decreased its position in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 82.0% during the 1st quarter, HoldingsChannel reports. The fund owned 5,303 shares of the bank’s stock after selling 24,192 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Citizens Financial Group were worth $318,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Citizens Financial Group during the fourth quarter valued at about $26,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in Citizens Financial Group during the 4th quarter worth $29,000. Activest Wealth Management increased its stake in shares of Citizens Financial Group by 5,600.0% during the fourth quarter. Activest Wealth Management now owns 513 shares of the bank’s stock worth $30,000 after buying an additional 504 shares during the period. DV Equities LLC acquired a new stake in shares of Citizens Financial Group in the 4th quarter valued at $35,000. Finally, State of Wyoming acquired a new stake in shares of Citizens Financial Group during the 2nd quarter worth about $39,000. 94.90% of the stock is currently owned by hedge funds and other institutional investors.

Citizens Financial Group Stock Up 1.5%

CFG opened at $70.51 on Friday. The firm has a market cap of $29.82 billion, a P/E ratio of 16.67, a PEG ratio of 0.55 and a beta of 0.68. The business’s fifty day simple moving average is $64.43 and its 200 day simple moving average is $62.23. Citizens Financial Group, Inc. has a 52 week low of $43.33 and a 52 week high of $71.21. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.51.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings results on Thursday, April 16th. The bank reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.03. The company had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.16 billion. Citizens Financial Group had a return on equity of 8.31% and a net margin of 16.21%.Citizens Financial Group’s revenue was up 12.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.77 EPS. As a group, equities research analysts anticipate that Citizens Financial Group, Inc. will post 5.2 EPS for the current fiscal year.

Citizens Financial Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Thursday, April 30th were paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Thursday, April 30th. Citizens Financial Group’s dividend payout ratio (DPR) is currently 43.50%.

Insider Buying and Selling at Citizens Financial Group

In related news, insider Michelle Moosally sold 6,050 shares of the company’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $62.16, for a total transaction of $376,068.00. Following the completion of the sale, the insider directly owned 22,565 shares of the company’s stock, valued at approximately $1,402,640.40. This represents a 21.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on CFG shares. Stephens started coverage on shares of Citizens Financial Group in a research report on Monday, June 15th. They set an “equal weight” rating on the stock. Royal Bank Of Canada increased their price target on shares of Citizens Financial Group from $67.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, April 17th. Weiss Ratings upgraded Citizens Financial Group from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, May 6th. JPMorgan Chase & Co. lifted their price target on Citizens Financial Group from $68.00 to $68.50 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Finally, Citigroup boosted their price objective on shares of Citizens Financial Group from $75.00 to $78.00 and gave the stock a “buy” rating in a research report on Tuesday. Eighteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $71.36.

About Citizens Financial Group

Citizens Financial Group, Inc (NYSE: CFG) is a bank holding company that provides a broad range of banking and financial services to individuals, small and middle-market businesses, corporations and institutional clients. Headquartered in Providence, Rhode Island, Citizens conducts its banking operations principally through its primary banking subsidiary, Citizens Bank, and serves customers through a combination of branch locations, ATMs and digital channels. The company is publicly traded and operates under the regulatory framework applicable to U.S.