UMB Bank n.a. Sells 3,839 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

UMB Bank n.a. trimmed its position in Citizens Financial Group, Inc. (NYSE:CFGFree Report) by 54.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,183 shares of the bank’s stock after selling 3,839 shares during the quarter. UMB Bank n.a.’s holdings in Citizens Financial Group were worth $139,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Costello Asset Management INC acquired a new stake in shares of Citizens Financial Group in the 3rd quarter valued at approximately $25,000. Ashton Thomas Securities LLC acquired a new stake in Citizens Financial Group in the third quarter valued at approximately $27,000. Catalyst Capital Advisors LLC bought a new stake in shares of Citizens Financial Group during the third quarter worth $28,000. Legacy Investment Solutions LLC acquired a new position in shares of Citizens Financial Group during the third quarter worth $48,000. Finally, Friedenthal Financial bought a new position in shares of Citizens Financial Group in the 3rd quarter valued at $50,000. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Citizens Financial Group Stock Up 0.7 %

Shares of NYSE CFG opened at $47.36 on Friday. 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 firm has a market cap of $20.87 billion, a PE ratio of 15.63, a P/E/G ratio of 0.84 and a beta of 1.10. The company’s fifty day simple moving average is $45.71 and its 200 day simple moving average is $42.91. Citizens Financial Group, Inc. has a 12-month low of $30.24 and a 12-month high of $49.25.

Citizens Financial Group (NYSE:CFGGet Free Report) last issued its earnings results on Friday, January 17th. The bank reported $0.85 EPS for the quarter, beating the consensus estimate of $0.83 by $0.02. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The company had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1,962,330 billion. During the same period last year, the business posted $0.85 EPS. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. As a group, sell-side analysts forecast that Citizens Financial Group, Inc. will post 3.95 earnings per share for the current fiscal year.

Citizens Financial Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be issued a dividend of $0.42 per share. The ex-dividend date is Friday, January 31st. This represents a $1.68 annualized dividend and a dividend yield of 3.55%. Citizens Financial Group’s dividend payout ratio is 55.45%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CFG. Raymond James reaffirmed a “strong-buy” rating and issued a $58.00 target price (up previously from $55.00) on shares of Citizens Financial Group in a report on Tuesday. Barclays raised their price objective on shares of Citizens Financial Group from $47.00 to $52.00 and gave the company an “equal weight” rating in a report on Monday, January 6th. DA Davidson upped their price target on shares of Citizens Financial Group from $46.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. Citigroup lifted their price target on shares of Citizens Financial Group from $50.00 to $58.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Finally, 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. Nine equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $49.00.

Get Our Latest Report on Citizens Financial Group

About Citizens Financial Group

(Free Report)

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.

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Institutional Ownership by Quarter for Citizens Financial Group (NYSE:CFG)

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