Farther Finance Advisors LLC Lowers Stock Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

Farther Finance Advisors LLC trimmed its position in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 74.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 4,514 shares of the bank’s stock after selling 12,954 shares during the period. Farther Finance Advisors LLC’s holdings in Citizens Financial Group were worth $198,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CFG. Ameliora Wealth Management Ltd. purchased a new position in shares of Citizens Financial Group in the 4th quarter valued at about $28,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Citizens Financial Group in the 4th quarter valued at about $28,000. Sierra Ocean LLC purchased a new position in shares of Citizens Financial Group in the 4th quarter valued at about $47,000. Legacy Investment Solutions LLC purchased a new position in shares of Citizens Financial Group in the 3rd quarter valued at about $48,000. Finally, Duncker Streett & Co. Inc. purchased a new position in shares of Citizens Financial Group in the 4th quarter valued at about $51,000. 94.90% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on CFG shares. Stephens reiterated an “overweight” rating and issued a $53.00 price objective on shares of Citizens Financial Group in a research note on Wednesday, January 29th. Truist Financial lifted their price objective on Citizens Financial Group from $49.00 to $54.00 and gave the company a “hold” rating in a research note on Tuesday, January 21st. Keefe, Bruyette & Woods raised their target price on Citizens Financial Group from $53.00 to $56.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 21st. Piper Sandler raised their target price on Citizens Financial Group from $48.00 to $53.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 3rd. Finally, Morgan Stanley cut their target price on Citizens Financial Group from $60.00 to $54.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 13th. Nine equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Citizens Financial Group currently has a consensus rating of “Moderate Buy” and an average price target of $49.22.

Citizens Financial Group Trading Up 0.9 %

CFG opened at $41.34 on Thursday. The firm has a market cap of $18.07 billion, a price-to-earnings ratio of 13.64, a price-to-earnings-growth ratio of 0.81 and a beta of 1.06. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.56. The business’s 50 day moving average is $45.24 and its two-hundred day moving average is $44.13. Citizens Financial Group, Inc. has a 52 week low of $32.06 and a 52 week high of $49.25.

Citizens Financial Group (NYSE:CFG) last released its earnings results on Friday, January 17th. The bank reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.02. The business had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.96 billion. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The company’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.85 earnings per share. On average, research analysts predict that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group Announces Dividend

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 4.06%. The ex-dividend date of this dividend was Friday, January 31st. Citizens Financial Group’s payout ratio is currently 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.