Citizens Financial Group, Inc. $CFG Shares Sold by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. trimmed its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 5.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 133,261 shares of the bank’s stock after selling 8,034 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Citizens Financial Group were worth $7,801,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Activest Wealth Management grew its stake in Citizens Financial Group by 5,600.0% during the 4th quarter. Activest Wealth Management now owns 513 shares of the bank’s stock worth $30,000 after purchasing an additional 504 shares in the last quarter. State of Wyoming acquired a new position in Citizens Financial Group during the 2nd quarter worth $39,000. Fortitude Family Office LLC grew its stake in Citizens Financial Group by 632.0% during the 4th quarter. Fortitude Family Office LLC now owns 710 shares of the bank’s stock worth $41,000 after purchasing an additional 613 shares in the last quarter. Kestra Investment Management LLC grew its stake in Citizens Financial Group by 2,703.0% during the 2nd quarter. Kestra Investment Management LLC now owns 925 shares of the bank’s stock worth $41,000 after purchasing an additional 892 shares in the last quarter. Finally, Elyxium Wealth LLC acquired a new position in Citizens Financial Group during the 4th quarter worth $50,000. 94.90% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other 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 value of $769,494.32. Following the completion of the sale, the insider directly owned 165,971 shares of the company’s stock, valued at approximately $9,632,956.84. The trade was a 7.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michelle Moosally sold 6,050 shares of the business’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $62.16, for a total value of $376,068.00. Following the completion of the sale, the insider directly owned 22,565 shares of the company’s stock, valued at $1,402,640.40. The trade was a 21.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.67% of the stock is currently owned by insiders.

Citizens Financial Group Stock Down 0.0%

Shares of NYSE CFG opened at $62.81 on Friday. The company has a market capitalization of $26.56 billion, a price-to-earnings ratio of 14.85, a price-to-earnings-growth ratio of 0.50 and a beta of 0.70. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.85 and a quick ratio of 0.84. The business has a 50-day moving average of $61.67 and a two-hundred day moving average of $60.02. Citizens Financial Group, Inc. has a 1 year low of $38.80 and a 1 year high of $68.79.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings results on Thursday, April 16th. The bank reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.03. The company had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.16 billion. Citizens Financial Group had a return on equity of 8.31% and a net margin of 16.21%.Citizens Financial Group’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.77 EPS. On average, analysts forecast that Citizens Financial Group, Inc. will post 5.19 earnings per share for the current fiscal year.

Citizens Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Thursday, April 30th were issued a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Thursday, April 30th. Citizens Financial Group’s payout ratio is presently 43.50%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on CFG shares. Bank of America boosted their target price on Citizens Financial Group from $70.00 to $78.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. JPMorgan Chase & Co. lifted their price target on Citizens Financial Group from $68.00 to $68.50 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Weiss Ratings raised Citizens Financial Group from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 6th. Truist Financial lifted their price target on Citizens Financial Group from $63.00 to $69.00 and gave the stock a “hold” rating in a report on Friday, April 17th. Finally, Keefe, Bruyette & Woods lifted their price target on Citizens Financial Group from $70.00 to $72.00 and gave the stock an “outperform” rating in a report on Friday, April 17th. Nineteen investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $70.88.

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.