Securian Asset Management Inc. Sells 9,153 Shares of Citizens Financial Group, Inc. $CFG

Securian Asset Management Inc. lowered its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 43.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,678 shares of the bank’s stock after selling 9,153 shares during the quarter. Securian Asset Management Inc.’s holdings in Citizens Financial Group were worth $682,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Activest Wealth Management boosted its holdings in shares of Citizens Financial Group by 5,600.0% in the 4th quarter. Activest Wealth Management now owns 513 shares of the bank’s stock valued at $30,000 after buying an additional 504 shares in the last quarter. State of Wyoming acquired a new stake in Citizens Financial Group in the second quarter valued at approximately $39,000. Fortitude Family Office LLC grew its holdings in Citizens Financial Group by 632.0% in the fourth quarter. Fortitude Family Office LLC now owns 710 shares of the bank’s stock worth $41,000 after purchasing an additional 613 shares during the last quarter. Kestra Investment Management LLC grew its holdings in Citizens Financial Group by 2,703.0% in the second quarter. Kestra Investment Management LLC now owns 925 shares of the bank’s stock worth $41,000 after purchasing an additional 892 shares during the last quarter. Finally, Quest 10 Wealth Builders Inc. increased its position in shares of Citizens Financial Group by 261.5% during the fourth quarter. Quest 10 Wealth Builders Inc. now owns 893 shares of the bank’s stock worth $52,000 after purchasing an additional 646 shares in the last quarter. 94.90% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on CFG shares. JPMorgan Chase & Co. raised their price objective on Citizens Financial Group from $68.00 to $68.50 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. DA Davidson increased their price target on Citizens Financial Group from $73.00 to $74.00 and gave the company a “buy” rating in a research note on Monday, April 20th. Morgan Stanley lowered their price target on Citizens Financial Group from $80.00 to $73.00 and set an “overweight” rating for the company in a report on Tuesday, March 31st. Truist Financial boosted their price target on Citizens Financial Group from $63.00 to $69.00 and gave the stock a “hold” rating in a research note on Friday, April 17th. Finally, Jefferies Financial Group restated a “buy” rating and set a $80.00 price objective on shares of Citizens Financial Group in a report on Wednesday, January 21st. Nineteen research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $70.88.

Citizens Financial Group Stock Up 1.2%

Citizens Financial Group stock opened at $61.13 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.84 and a current ratio of 0.85. The business’s 50-day simple moving average is $61.39 and its two-hundred day simple moving average is $59.64. The company has a market cap of $25.85 billion, a PE ratio of 14.45, a PEG ratio of 0.48 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.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings data on Thursday, April 16th. The bank reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.16 billion. During the same period last year, the business posted $0.77 earnings per share. The company’s revenue for the quarter was up 12.0% compared to the same quarter last year. Equities analysts anticipate that Citizens Financial Group, Inc. will post 5.19 EPS for the current year.

Citizens Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Shareholders 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 dividend on an annualized basis and a yield of 3.0%. Citizens Financial Group’s dividend payout ratio (DPR) is currently 43.50%.

Insider Buying and Selling

In other news, insider Michelle Moosally sold 6,050 shares of the stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $62.16, for a total value of $376,068.00. Following the sale, the insider owned 22,565 shares in the company, valued at $1,402,640.40. This represents a 21.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Susan Lamonica sold 13,258 shares of the stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $58.04, for a total transaction of $769,494.32. Following the completion of the sale, the insider owned 165,971 shares in the company, valued at $9,632,956.84. The trade was a 7.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.67% of the company’s stock.

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.