Rational Advisors Inc. Makes New Investment in Citizens Financial Group, Inc. $CFG

Rational Advisors Inc. bought a new position in Citizens Financial Group, Inc. (NYSE:CFG) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 45,100 shares of the bank’s stock, valued at approximately $2,634,000.

Several other large investors also recently added to or reduced their stakes in the business. Natixis Advisors LLC grew its position in Citizens Financial Group by 1.0% in the fourth quarter. Natixis Advisors LLC now owns 719,201 shares of the bank’s stock worth $42,009,000 after acquiring an additional 7,054 shares in the last quarter. Root Financial Partners LLC grew its position in Citizens Financial Group by 19.5% in the fourth quarter. Root Financial Partners LLC now owns 1,428 shares of the bank’s stock worth $83,000 after acquiring an additional 233 shares in the last quarter. New Mexico Educational Retirement Board grew its position in Citizens Financial Group by 1.5% in the fourth quarter. New Mexico Educational Retirement Board now owns 19,900 shares of the bank’s stock worth $1,162,000 after acquiring an additional 300 shares in the last quarter. Ellevest Inc. grew its position in Citizens Financial Group by 29.1% in the fourth quarter. Ellevest Inc. now owns 7,498 shares of the bank’s stock worth $438,000 after acquiring an additional 1,691 shares in the last quarter. Finally, Rothschild Wealth LLC bought a new stake in Citizens Financial Group in the fourth quarter worth approximately $579,000. 94.90% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have commented on CFG. Keefe, Bruyette & Woods boosted their target price on shares of Citizens Financial Group from $70.00 to $72.00 and gave the stock an “outperform” rating in a research report on Friday, April 17th. Truist Financial boosted their price objective on shares of Citizens Financial Group from $63.00 to $69.00 and gave the stock a “hold” rating in a research note on Friday, April 17th. DA Davidson boosted their price objective on shares of Citizens Financial Group from $73.00 to $74.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. Royal Bank Of Canada boosted their price objective on shares of Citizens Financial Group from $67.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, April 17th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Citizens Financial Group from $68.00 to $68.50 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Nineteen research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $70.88.

Insider Buying and Selling at Citizens Financial Group

In related news, insider Susan Lamonica sold 13,258 shares of the company’s 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 transaction, the insider directly owned 165,971 shares in the company, valued at $9,632,956.84. This represents a 7.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Michelle Moosally sold 6,050 shares of the company’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $62.16, for a total transaction of $376,068.00. Following the transaction, the insider owned 22,565 shares of the company’s stock, valued at approximately $1,402,640.40. The trade was a 21.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.67% of the stock is owned by corporate insiders.

Citizens Financial Group Price Performance

Shares of Citizens Financial Group stock opened at $62.44 on Wednesday. The firm has a fifty day simple moving average of $62.47 and a 200-day simple moving average of $60.56. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.51. Citizens Financial Group, Inc. has a 1-year low of $39.69 and a 1-year high of $68.79. The stock has a market capitalization of $26.40 billion, a price-to-earnings ratio of 14.76, a PEG ratio of 0.48 and a beta of 0.68.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings data on Thursday, April 16th. The bank reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.03. Citizens Financial Group had a net margin of 16.21% and a return on equity of 8.31%. The business had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.16 billion. During the same period in the previous year, the company earned $0.77 earnings per share. Citizens Financial Group’s revenue for the quarter was up 12.0% on a year-over-year basis. On average, sell-side analysts expect that Citizens Financial Group, Inc. will post 5.2 earnings per share for the current year.

Citizens Financial Group Dividend Announcement

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

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.