Cwm LLC Sells 63,595 Shares of Citizens Financial Group, Inc. $CFG

Cwm LLC reduced its position in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 45.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 76,695 shares of the bank’s stock after selling 63,595 shares during the quarter. Cwm LLC’s holdings in Citizens Financial Group were worth $3,432,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CFG. Investors Research Corp raised its holdings in Citizens Financial Group by 344.8% during the 2nd quarter. Investors Research Corp now owns 645 shares of the bank’s stock worth $29,000 after purchasing an additional 500 shares during the last quarter. Trust Co. of Vermont grew its position in shares of Citizens Financial Group by 177.5% during the 2nd quarter. Trust Co. of Vermont now owns 641 shares of the bank’s stock worth $29,000 after buying an additional 410 shares during the period. REAP Financial Group LLC grew its position in shares of Citizens Financial Group by 72.4% during the 2nd quarter. REAP Financial Group LLC now owns 736 shares of the bank’s stock worth $33,000 after buying an additional 309 shares during the period. Cary Street Partners Investment Advisory LLC grew its position in shares of Citizens Financial Group by 143.4% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 1,076 shares of the bank’s stock worth $44,000 after buying an additional 634 shares during the period. Finally, Wayfinding Financial LLC acquired a new position in shares of Citizens Financial Group during the 1st quarter worth about $46,000. 94.90% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Evercore ISI boosted their target price on Citizens Financial Group from $57.00 to $61.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 30th. Bank of America upgraded Citizens Financial Group from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $52.00 to $65.00 in a research report on Thursday, October 9th. Raymond James Financial set a $62.00 target price on Citizens Financial Group and gave the stock a “strong-buy” rating in a research report on Tuesday, October 7th. Wall Street Zen upgraded Citizens Financial Group from a “sell” rating to a “hold” rating in a research report on Friday, July 18th. Finally, Truist Financial decreased their target price on Citizens Financial Group from $58.00 to $56.00 and set a “hold” rating for the company in a research report on Friday. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $56.57.

Citizens Financial Group Trading Up 1.8%

NYSE CFG opened at $49.26 on Friday. The stock has a market capitalization of $21.25 billion, a price-to-earnings ratio of 13.80, a PEG ratio of 0.54 and a beta of 0.79. The stock’s 50 day moving average price is $51.37 and its two-hundred day moving average price is $45.14. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.84 and a current ratio of 0.85. Citizens Financial Group, Inc. has a 52 week low of $32.60 and a 52 week high of $55.24.

Citizens Financial Group (NYSE:CFG) last released its earnings results on Wednesday, October 15th. The bank reported $1.05 EPS for the quarter, beating the consensus estimate of $1.03 by $0.02. The firm had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2.10 billion. Citizens Financial Group had a return on equity of 7.48% and a net margin of 14.17%.The business’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.79 EPS. As a group, analysts anticipate that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current fiscal year.

Citizens Financial Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 12th. Stockholders of record on Wednesday, October 29th will be paid a dividend of $0.46 per share. The ex-dividend date is Wednesday, October 29th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.7%. This is an increase from Citizens Financial Group’s previous quarterly dividend of $0.42. Citizens Financial Group’s dividend payout ratio (DPR) is currently 51.06%.

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.