WINTON GROUP Ltd Has $711,000 Stock Position in Citizens Financial Group, Inc. $CFG

WINTON GROUP Ltd trimmed its position in Citizens Financial Group, Inc. (NYSE:CFG) by 85.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,167 shares of the bank’s stock after selling 71,206 shares during the quarter. WINTON GROUP Ltd’s holdings in Citizens Financial Group were worth $711,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Activest Wealth Management boosted its holdings 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 purchasing an additional 504 shares during the period. State of Wyoming acquired a new stake in shares of Citizens Financial Group during the second quarter worth approximately $39,000. Fortitude Family Office LLC boosted its holdings in shares of Citizens Financial Group by 632.0% during the fourth quarter. Fortitude Family Office LLC now owns 710 shares of the bank’s stock worth $41,000 after purchasing an additional 613 shares during the period. Kestra Investment Management LLC boosted its holdings in shares of Citizens Financial Group by 2,703.0% during the second quarter. Kestra Investment Management LLC now owns 925 shares of the bank’s stock worth $41,000 after purchasing an additional 892 shares during the period. Finally, Elyxium Wealth LLC acquired a new stake in shares of Citizens Financial Group during the fourth quarter worth approximately $50,000. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on CFG shares. Weiss Ratings upgraded shares of Citizens Financial Group from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 6th. Truist Financial upped their target price on Citizens Financial Group from $63.00 to $69.00 and gave the stock a “hold” rating in a research report on Friday, April 17th. Robert W. Baird upgraded shares of Citizens Financial Group from a “neutral” rating to an “outperform” rating and set a $65.00 target price for the company in a research note on Monday, March 9th. Citigroup reiterated a “buy” rating on shares of Citizens Financial Group in a research note on Friday, May 8th. Finally, Royal Bank Of Canada lifted their target price on shares of Citizens Financial Group from $67.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, April 17th. Nineteen research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $70.88.

Citizens Financial Group Price Performance

Shares of Citizens Financial Group stock opened at $65.10 on Thursday. The firm has a fifty day simple moving average of $63.27 and a 200-day simple moving average of $61.18. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.51. Citizens Financial Group, Inc. has a 1-year low of $40.17 and a 1-year high of $68.79. The stock has a market capitalization of $27.53 billion, a price-to-earnings ratio of 15.39, a PEG ratio of 0.52 and a beta of 0.68.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings data on Thursday, April 16th. The bank reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.03. Citizens Financial Group had a net margin of 16.21% and a return on equity of 8.31%. The business had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.16 billion. During the same period in the previous year, the company earned $0.77 earnings per share. Citizens Financial Group’s revenue for the quarter was up 12.0% on a year-over-year basis. On average, sell-side analysts expect that Citizens Financial Group, Inc. will post 5.2 earnings per share for the current year.

Citizens Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Thursday, April 30th were given a dividend of $0.46 per share. The ex-dividend date of this dividend was Thursday, April 30th. This represents a $1.84 dividend on an annualized basis and a yield of 2.8%. Citizens Financial Group’s payout ratio is 43.50%.

Insider Transactions at Citizens Financial Group

In related news, insider Michelle Moosally sold 6,050 shares of the business’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 transaction, the insider owned 22,565 shares of the company’s stock, valued at approximately $1,402,640.40. The trade was a 21.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.67% of the company’s stock.

Citizens Financial Group Company Profile

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.