Citizens Financial Group, Inc. (NYSE:CFG) Shares Sold by Todd Asset Management LLC

Todd Asset Management LLC lowered its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 9.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 904,285 shares of the bank’s stock after selling 99,430 shares during the quarter. Todd Asset Management LLC owned approximately 0.19% of Citizens Financial Group worth $29,968,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in CFG. Sapient Capital LLC acquired a new position in Citizens Financial Group during the 4th quarter worth $255,000. LSV Asset Management boosted its holdings in shares of Citizens Financial Group by 1.5% in the fourth quarter. LSV Asset Management now owns 6,504,591 shares of the bank’s stock valued at $215,562,000 after acquiring an additional 95,292 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in Citizens Financial Group during the fourth quarter worth approximately $1,674,000. Natixis Advisors L.P. lifted its position in Citizens Financial Group by 0.6% in the fourth quarter. Natixis Advisors L.P. now owns 729,913 shares of the bank’s stock worth $24,189,000 after purchasing an additional 4,642 shares during the period. Finally, First Horizon Advisors Inc. boosted its stake in Citizens Financial Group by 31.9% during the 4th quarter. First Horizon Advisors Inc. now owns 4,770 shares of the bank’s stock valued at $158,000 after purchasing an additional 1,153 shares in the last quarter. 94.90% of the stock is currently owned by institutional investors.

Citizens Financial Group Stock Performance

CFG traded up $0.40 during trading on Friday, hitting $35.39. The stock had a trading volume of 3,647,329 shares, compared to its average volume of 4,871,114. The firm has a market cap of $16.22 billion, a PE ratio of 12.82 and a beta of 1.36. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.63. Citizens Financial Group, Inc. has a 12 month low of $22.77 and a 12 month high of $36.38. The company has a 50 day simple moving average of $34.04 and a 200-day simple moving average of $31.24.

Citizens Financial Group (NYSE:CFG) last released its earnings results on Wednesday, April 17th. The bank reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.10). Citizens Financial Group had a net margin of 11.52% and a return on equity of 6.62%. The business had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same period last year, the business earned $1.00 EPS. The business’s quarterly revenue was down 7.9% compared to the same quarter last year. Analysts expect that Citizens Financial Group, Inc. will post 3.23 EPS for the current year.

Citizens Financial Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 4.75%. The ex-dividend date is Tuesday, April 30th. Citizens Financial Group’s payout ratio is presently 60.87%.

Analyst Ratings Changes

Several research firms recently commented on CFG. Keefe, Bruyette & Woods increased their target price on shares of Citizens Financial Group from $35.00 to $39.00 and gave the company a “market perform” rating in a research note on Friday, April 5th. Argus raised their price objective on Citizens Financial Group from $36.00 to $39.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Royal Bank of Canada lifted their target price on Citizens Financial Group from $33.00 to $35.00 and gave the stock an “outperform” rating in a report on Thursday, January 18th. StockNews.com raised Citizens Financial Group from a “sell” rating to a “hold” rating in a report on Sunday. Finally, Wedbush dropped their price target on Citizens Financial Group from $38.00 to $35.00 and set a “neutral” rating on the stock in a research note on Thursday, April 18th. Ten investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Citizens Financial Group presently has a consensus rating of “Hold” and an average target price of $37.73.

Insider Activity

In related news, insider Craig Jack Read sold 6,327 shares of the stock in a transaction dated Friday, April 19th. The shares were sold at an average price of $33.70, for a total value of $213,219.90. Following the completion of the transaction, the insider now owns 37,558 shares of the company’s stock, valued at $1,265,704.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.62% of the stock is currently owned by company insiders.

Citizens Financial Group Company 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.