D.A. Davidson & CO. Increases Stock Position in Citizens Financial Group, Inc. $CFG

D.A. Davidson & CO. boosted its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 185.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,491 shares of the bank’s stock after buying an additional 9,411 shares during the quarter. D.A. Davidson & CO.’s holdings in Citizens Financial Group were worth $846,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. True Wealth Design LLC boosted its stake in Citizens Financial Group by 891.5% during the third quarter. True Wealth Design LLC now owns 585 shares of the bank’s stock worth $31,000 after buying an additional 526 shares during the period. State of Wyoming purchased a new position in Citizens Financial Group during the second quarter worth about $39,000. Kestra Investment Management LLC boosted its stake in Citizens Financial Group by 2,703.0% during the second quarter. Kestra Investment Management LLC now owns 925 shares of the bank’s stock worth $41,000 after buying an additional 892 shares during the period. Fortitude Family Office LLC boosted its stake in Citizens Financial Group by 632.0% during the fourth 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. Finally, Quest 10 Wealth Builders Inc. boosted its stake in 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 buying an additional 646 shares during the period. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CFG. Barclays set a $77.00 target price on shares of Citizens Financial Group and gave the stock an “overweight” rating in a research note on Monday, January 5th. Jefferies Financial Group reaffirmed a “buy” rating and set a $80.00 target price on shares of Citizens Financial Group in a research note on Wednesday, January 21st. JPMorgan Chase & Co. increased their target price 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. DA Davidson increased their target price 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. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $75.00 price objective on shares of Citizens Financial Group in a research note on Tuesday, March 3rd. Nineteen investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $70.88.

Insider Activity at Citizens Financial Group

In other news, insider Susan Lamonica sold 13,258 shares of the firm’s stock in a transaction that occurred on Wednesday, March 11th. The shares were 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 of the company’s stock, valued at approximately $9,632,956.84. This trade represents a 7.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.67% of the company’s stock.

Citizens Financial Group Trading Down 1.3%

NYSE CFG opened at $63.58 on Tuesday. The firm has a 50 day simple moving average of $61.26 and a 200-day simple moving average of $58.94. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.84 and a current ratio of 0.85. Citizens Financial Group, Inc. has a one year low of $37.93 and a one year high of $68.79. The firm has a market cap of $27.02 billion, a price-to-earnings ratio of 15.03, a PEG ratio of 0.51 and a beta of 0.70.

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

Citizens Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 14th. Stockholders of record on Thursday, April 30th will be paid a $0.46 dividend. The ex-dividend date of this dividend is Thursday, April 30th. This represents a $1.84 annualized dividend and a dividend yield of 2.9%. Citizens Financial Group’s dividend payout ratio (DPR) 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.