Greenwood Capital Associates LLC Has $918,000 Stock Holdings in Citizens Financial Group, Inc. $CFG

Greenwood Capital Associates LLC trimmed its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 39.0% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,306 shares of the bank’s stock after selling 9,798 shares during the quarter. Greenwood Capital Associates LLC’s holdings in Citizens Financial Group were worth $918,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of CFG. Jackson Thornton Wealth Management LLC lifted its stake in Citizens Financial Group by 5.1% in the first quarter. Jackson Thornton Wealth Management LLC now owns 7,352 shares of the bank’s stock valued at $472,000 after buying an additional 358 shares in the last quarter. Resonant Capital Advisors LLC acquired a new position in shares of Citizens Financial Group in the first quarter valued at approximately $552,000. United Asset Strategies Inc. bought a new stake in shares of Citizens Financial Group during the first quarter worth $607,000. Swedbank AB increased its position in shares of Citizens Financial Group by 23.6% during the first quarter. Swedbank AB now owns 2,107,414 shares of the bank’s stock worth $126,382,000 after acquiring an additional 402,845 shares in the last quarter. Finally, Abel Hall LLC acquired a new stake in shares of Citizens Financial Group during the first quarter worth $279,000. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Citizens Financial Group in a research report on Tuesday, June 9th. Robert W. Baird reiterated a “neutral” rating and set a $72.00 target price on shares of Citizens Financial Group in a report on Monday. Truist Financial lifted their price target on Citizens Financial Group from $69.00 to $72.00 and gave the company a “hold” rating in a research note on Wednesday, June 24th. JPMorgan Chase & Co. boosted their price target on Citizens Financial Group from $68.50 to $76.00 and gave the company an “overweight” rating in a report on Monday. Finally, Citigroup cut Citizens Financial Group from a “buy” rating to a “hold” rating in a research report on Monday. Sixteen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $74.35.

Citizens Financial Group Trading Up 1.8%

Shares of NYSE:CFG opened at $69.78 on Friday. The company’s 50-day moving average price is $65.59 and its two-hundred day moving average price is $63.12. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.85 and a quick ratio of 0.84. Citizens Financial Group, Inc. has a one year low of $45.90 and a one year high of $72.94. The stock has a market capitalization of $29.51 billion, a PE ratio of 16.50, a price-to-earnings-growth ratio of 0.57 and a beta of 0.67.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings data on Thursday, April 16th. The bank reported $1.13 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 net margin of 16.21% and a return on equity of 8.31%. The company’s quarterly revenue was up 12.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.77 EPS. On average, equities analysts forecast that Citizens Financial Group, Inc. will post 5.22 EPS for the current fiscal year.

Citizens Financial Group Dividend Announcement

The business also recently declared 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 annualized dividend and a yield of 2.6%. Citizens Financial Group’s dividend payout ratio is 43.50%.

Insider Buying and Selling

In other Citizens Financial Group news, insider Michelle Moosally sold 6,050 shares of the firm’s 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 completion of the transaction, the insider directly owned 22,565 shares in the company, valued at $1,402,640.40. This trade represents a 21.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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.