Citizens Financial Group, Inc. $CFG Shares Sold by Boothbay Fund Management LLC

Boothbay Fund Management LLC decreased its position in Citizens Financial Group, Inc. (NYSE:CFG) by 32.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 64,676 shares of the bank’s stock after selling 30,394 shares during the quarter. Boothbay Fund Management LLC’s holdings in Citizens Financial Group were worth $3,438,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in CFG. NewEdge Advisors LLC grew its stake in shares of Citizens Financial Group by 2.4% in the first quarter. NewEdge Advisors LLC now owns 11,531 shares of the bank’s stock valued at $472,000 after buying an additional 274 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of Citizens Financial Group by 6.7% in the 1st quarter. Empowered Funds LLC now owns 8,838 shares of the bank’s stock valued at $362,000 after buying an additional 554 shares during the period. Woodline Partners LP lifted its stake in Citizens Financial Group by 39.5% during the 1st quarter. Woodline Partners LP now owns 36,932 shares of the bank’s stock worth $1,513,000 after acquiring an additional 10,466 shares in the last quarter. Sivia Capital Partners LLC boosted its holdings in Citizens Financial Group by 93.4% during the 2nd quarter. Sivia Capital Partners LLC now owns 9,814 shares of the bank’s stock valued at $439,000 after acquiring an additional 4,739 shares during the period. Finally, Allworth Financial LP boosted its holdings in Citizens Financial Group by 19.1% during the 2nd quarter. Allworth Financial LP now owns 3,574 shares of the bank’s stock valued at $160,000 after acquiring an additional 572 shares during the period. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. TD Cowen boosted their price target on shares of Citizens Financial Group from $75.00 to $78.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Robert W. Baird upgraded shares of Citizens Financial Group from a “neutral” rating to an “outperform” rating and set a $65.00 price objective for the company in a report on Monday, March 9th. Truist Financial upped their target price on shares of Citizens Financial Group from $63.00 to $71.00 and gave the stock a “hold” rating in a research note on Monday, January 26th. Bank of America increased their target price on shares of Citizens Financial Group from $70.00 to $78.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $80.00 price target on shares of Citizens Financial Group in a research report on Wednesday, January 21st. Twenty investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.95.

Citizens Financial Group Stock Performance

Shares of Citizens Financial Group stock opened at $56.31 on Tuesday. The business has a 50-day simple moving average of $62.31 and a 200-day simple moving average of $56.70. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.84 and a current ratio of 0.85. Citizens Financial Group, Inc. has a one year low of $32.60 and a one year high of $68.79. The company has a market cap of $23.93 billion, a PE ratio of 14.55, a P/E/G ratio of 0.45 and a beta of 0.70.

Citizens Financial Group (NYSE:CFG) last issued its earnings results on Wednesday, January 21st. The bank reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.02. Citizens Financial Group had a net margin of 15.19% and a return on equity of 7.81%. The firm had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.16 billion. During the same quarter last year, the company earned $0.85 earnings per share. The firm’s revenue was up 8.6% compared to the same quarter last year. On average, equities research analysts forecast that Citizens Financial Group, Inc. will post 3.92 EPS for the current fiscal year.

Citizens Financial Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 18th. Stockholders of record on Wednesday, February 4th were given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend was Wednesday, February 4th. Citizens Financial Group’s payout ratio is 47.55%.

Insider Activity

In other news, insider Susan Lamonica sold 13,258 shares of Citizens Financial Group stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $58.04, for a total transaction 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 the SEC website. Company insiders own 0.67% of the company’s stock.

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.