68,579 Shares in Citizens Financial Group, Inc. $CFG Acquired by Vista Investment Partners LLC

Vista Investment Partners LLC bought a new position in Citizens Financial Group, Inc. (NYSE:CFG) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 68,579 shares of the bank’s stock, valued at approximately $4,006,000.

A number of other large investors also recently made changes to their positions in CFG. AA Financial Advisors LLC grew its position in shares of Citizens Financial Group by 3.9% in the fourth quarter. AA Financial Advisors LLC now owns 4,657 shares of the bank’s stock valued at $272,000 after purchasing an additional 174 shares during the period. Grove Bank & Trust lifted its position in Citizens Financial Group by 19.8% during the fourth quarter. Grove Bank & Trust now owns 1,107 shares of the bank’s stock worth $65,000 after buying an additional 183 shares during the period. CRA Financial Services LLC boosted its stake in Citizens Financial Group by 4.6% in the 4th quarter. CRA Financial Services LLC now owns 4,477 shares of the bank’s stock worth $262,000 after buying an additional 195 shares during the last quarter. StoneX Group Inc. grew its holdings in Citizens Financial Group by 0.4% in the 2nd quarter. StoneX Group Inc. now owns 60,307 shares of the bank’s stock valued at $2,699,000 after buying an additional 213 shares during the period. Finally, EverSource Wealth Advisors LLC grew its holdings in Citizens Financial Group by 3.3% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 6,784 shares of the bank’s stock valued at $361,000 after buying an additional 219 shares during the period. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Analyst Upgrades and Downgrades

CFG has been the topic of several recent analyst reports. Robert W. Baird upgraded shares of Citizens Financial Group from a “neutral” rating to an “outperform” rating and set a $65.00 price objective on the stock in a report on Monday, March 9th. JPMorgan Chase & Co. upped their price target on shares of Citizens Financial Group from $62.50 to $71.00 and gave the stock an “overweight” rating in a research report on Monday, February 9th. Morgan Stanley cut their price target on shares of Citizens Financial Group from $80.00 to $73.00 and set an “overweight” rating on the stock in a research note on Tuesday. Argus boosted their price objective on shares of Citizens Financial Group from $60.00 to $72.00 and gave the company a “buy” rating in a research note on Friday, January 23rd. Finally, Royal Bank Of Canada upped their price objective on Citizens Financial Group from $60.00 to $67.00 and gave the stock an “outperform” rating in a report on Thursday, January 22nd. Twenty analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $69.27.

Citizens Financial Group Trading Up 1.0%

Shares of CFG stock opened at $60.59 on Thursday. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.46. Citizens Financial Group, Inc. has a fifty-two week low of $32.60 and a fifty-two week high of $68.79. The firm’s 50 day moving average price is $61.66 and its two-hundred day moving average price is $57.20. The stock has a market cap of $25.75 billion, a price-to-earnings ratio of 15.66, a price-to-earnings-growth ratio of 0.49 and a beta of 0.70.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings data on Wednesday, January 21st. The bank reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.02. The company had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.16 billion. Citizens Financial Group had a net margin of 15.19% and a return on equity of 7.81%. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.85 earnings per share. On average, analysts anticipate that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 18th. Shareholders of record on Wednesday, February 4th were given a $0.46 dividend. The ex-dividend date of this dividend was Wednesday, February 4th. This represents a $1.84 annualized dividend and a yield of 3.0%. Citizens Financial Group’s dividend payout ratio (DPR) is 47.55%.

Insider Buying and Selling

In other Citizens Financial Group news, insider Susan Lamonica sold 13,258 shares of the business’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $58.04, for a total transaction of $769,494.32. Following the transaction, the insider owned 165,971 shares in the company, valued at $9,632,956.84. The trade was a 7.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.67% of the stock is owned by company insiders.

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.