Citizens Financial Group, Inc. $CFG Shares Sold by AlphaQuest LLC

AlphaQuest LLC trimmed its holdings in Citizens Financial Group, Inc. (NYSE:CFG) by 8.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 101,567 shares of the bank’s stock after selling 8,984 shares during the period. Citizens Financial Group comprises 0.3% of AlphaQuest LLC’s portfolio, making the stock its 7th biggest holding. AlphaQuest LLC’s holdings in Citizens Financial Group were worth $5,933,000 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 raised its holdings 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 buying an additional 504 shares during the period. Fortitude Family Office LLC raised its holdings 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 buying an additional 613 shares during the period. Elyxium Wealth LLC acquired a new stake in Citizens Financial Group during the 4th quarter worth about $50,000. State of Wyoming acquired a new stake in Citizens Financial Group during the 2nd quarter worth about $39,000. Finally, Quest 10 Wealth Builders Inc. raised its holdings in Citizens Financial Group by 261.5% during the 4th quarter. Quest 10 Wealth Builders Inc. now owns 893 shares of the bank’s stock worth $52,000 after buying an additional 646 shares during the period. Institutional investors and hedge funds own 94.90% of the company’s stock.

Insider Buying and Selling

In related news, insider Michelle Moosally sold 6,050 shares of the stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $62.16, for a total value of $376,068.00. Following the transaction, the insider owned 22,565 shares in the company, valued at approximately $1,402,640.40. This represents a 21.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Susan Lamonica sold 13,258 shares of the stock in a transaction that occurred on 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 transaction, the insider owned 165,971 shares in the company, valued at $9,632,956.84. This represents a 7.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.67% of the company’s stock.

Analyst Upgrades and Downgrades

CFG has been the topic of several recent analyst reports. DA Davidson boosted their price objective on Citizens Financial Group from $73.00 to $74.00 and gave the stock a “buy” rating in a report on Monday, April 20th. Cantor Fitzgerald restated an “overweight” rating and set a $75.00 price objective on shares of Citizens Financial Group in a report on Tuesday, March 3rd. Citigroup restated a “buy” rating on shares of Citizens Financial Group in a report on Friday, May 8th. Morgan Stanley dropped their target price on Citizens Financial Group from $80.00 to $73.00 and set an “overweight” rating on the stock in a report on Tuesday, March 31st. Finally, Truist Financial upped their target price on Citizens Financial Group from $63.00 to $69.00 and gave the company a “hold” rating in a report on Friday, April 17th. Nineteen equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $70.88.

Citizens Financial Group Price Performance

Shares of CFG opened at $62.93 on Tuesday. The company has a market capitalization of $26.61 billion, a price-to-earnings ratio of 14.88, a P/E/G ratio of 0.50 and a beta of 0.70. Citizens Financial Group, Inc. has a fifty-two week low of $38.80 and a fifty-two week high of $68.79. 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’s 50-day moving average is $61.88 and its 200-day moving average is $60.19.

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

Citizens Financial Group Announces Dividend

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

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.