Intech Investment Management LLC Sells 69,895 Shares of Citizens Financial Group, Inc. $CFG

Intech Investment Management LLC lowered its position in Citizens Financial Group, Inc. (NYSE:CFG) by 84.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,899 shares of the bank’s stock after selling 69,895 shares during the period. Intech Investment Management LLC’s holdings in Citizens Financial Group were worth $753,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of CFG. NewEdge Advisors LLC raised 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 acquiring an additional 274 shares during the last quarter. Empowered Funds LLC raised its position in Citizens Financial Group by 6.7% in the 1st quarter. Empowered Funds LLC now owns 8,838 shares of the bank’s stock worth $362,000 after purchasing an additional 554 shares during the last quarter. Woodline Partners LP raised its position in Citizens Financial Group by 39.5% in the 1st quarter. Woodline Partners LP now owns 36,932 shares of the bank’s stock worth $1,513,000 after purchasing an additional 10,466 shares during the last quarter. Sivia Capital Partners LLC raised its position in Citizens Financial Group by 93.4% in the 2nd quarter. Sivia Capital Partners LLC now owns 9,814 shares of the bank’s stock worth $439,000 after purchasing an additional 4,739 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its position in Citizens Financial Group by 5.2% in the 2nd quarter. Daiwa Securities Group Inc. now owns 65,564 shares of the bank’s stock worth $2,934,000 after purchasing an additional 3,225 shares during the last quarter. Institutional investors own 94.90% of the company’s stock.

Insider Transactions at Citizens Financial Group

In related news, insider Michelle Moosally sold 6,050 shares of the stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $62.16, for a total transaction of $376,068.00. Following the completion of the transaction, the insider directly owned 22,565 shares in the company, valued at approximately $1,402,640.40. This trade represents a 21.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Susan Lamonica sold 13,258 shares of the stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $58.04, for a total value of $769,494.32. Following the transaction, the insider 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 ownership of the stock. The SEC filing for this sale provides additional information. 0.67% of the stock is currently owned by company insiders.

Citizens Financial Group Price Performance

Shares of NYSE CFG opened at $64.32 on Tuesday. The firm has a market cap of $27.20 billion, a PE ratio of 15.21, a PEG ratio of 0.51 and a beta of 0.68. 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 $40.17 and a 1-year high of $68.79. The company has a fifty day moving average price of $62.96 and a 200 day moving average price of $60.98.

Citizens Financial Group (NYSE:CFG) last announced its earnings results 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. The firm had revenue of $2.17 billion during the quarter, compared to analyst estimates 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 revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.77 EPS. Research analysts predict that Citizens Financial Group, Inc. will post 5.2 earnings per share for the current fiscal year.

Citizens Financial Group Dividend Announcement

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 dividend of $0.46 per share. The ex-dividend date was Thursday, April 30th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.9%. Citizens Financial Group’s dividend payout ratio (DPR) is presently 43.50%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Keefe, Bruyette & Woods boosted their price objective 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. Evercore restated an “outperform” rating and issued a $75.00 price objective on shares of Citizens Financial Group in a research report on Tuesday, April 21st. 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 report on Friday, April 17th. Cantor Fitzgerald restated an “overweight” rating and issued a $75.00 price objective on shares of Citizens Financial Group in a research report on Tuesday, March 3rd. Finally, Morgan Stanley dropped their price objective on shares of Citizens Financial Group from $80.00 to $73.00 and set an “overweight” rating for the company in a research report on Tuesday, March 31st. Nineteen investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $70.88.

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.