Trust Investment Advisors Has $1.41 Million Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

Trust Investment Advisors lessened its position in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 6.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,615 shares of the bank’s stock after selling 2,941 shares during the period. Citizens Financial Group makes up approximately 1.1% of Trust Investment Advisors’ investment portfolio, making the stock its 29th largest position. Trust Investment Advisors’ holdings in Citizens Financial Group were worth $1,412,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in CFG. BlackRock Inc. grew its holdings in Citizens Financial Group by 4.6% in the 1st quarter. BlackRock Inc. now owns 57,592,192 shares of the bank’s stock valued at $1,749,075,000 after buying an additional 2,540,392 shares in the last quarter. State Street Corp boosted its position in shares of Citizens Financial Group by 1.0% in the first quarter. State Street Corp now owns 25,577,041 shares of the bank’s stock valued at $776,775,000 after acquiring an additional 241,869 shares during the period. Capital World Investors grew its stake in shares of Citizens Financial Group by 76.0% in the first quarter. Capital World Investors now owns 19,002,482 shares of the bank’s stock valued at $861,383,000 after acquiring an additional 8,203,831 shares in the last quarter. Morgan Stanley increased its holdings in shares of Citizens Financial Group by 18.0% during the fourth quarter. Morgan Stanley now owns 18,297,989 shares of the bank’s stock worth $720,392,000 after purchasing an additional 2,785,751 shares during the period. Finally, Fuller & Thaler Asset Management Inc. increased its stake in Citizens Financial Group by 5.7% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 11,594,481 shares of the bank’s stock worth $310,732,000 after acquiring an additional 621,715 shares during the period. Institutional investors and hedge funds own 94.90% of the company’s stock.

Insider Transactions at Citizens Financial Group

In other Citizens Financial Group news, insider Craig Jack Read sold 4,508 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $33.54, for a total transaction of $151,198.32. Following the sale, the insider now owns 43,885 shares of the company’s stock, valued at $1,471,902.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.62% of the stock is currently owned by corporate insiders.

Citizens Financial Group Trading Down 0.4 %

NYSE:CFG traded down $0.12 during trading hours on Thursday, hitting $32.90. 5,064,040 shares of the company were exchanged, compared to its average volume of 5,895,504. The stock has a market capitalization of $15.08 billion, a price-to-earnings ratio of 10.69 and a beta of 1.38. Citizens Financial Group, Inc. has a one year low of $22.77 and a one year high of $36.38. The company has a fifty day simple moving average of $33.25 and a 200 day simple moving average of $30.56. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.60.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings data on Wednesday, April 17th. The bank reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.10). Citizens Financial Group had a return on equity of 7.40% and a net margin of 13.19%. The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter last year, the business earned $1.00 earnings per share. Citizens Financial Group’s revenue was down 7.9% compared to the same quarter last year. Sell-side analysts expect that Citizens Financial Group, Inc. will post 3.23 EPS for the current fiscal year.

Citizens Financial Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 5.11%. The ex-dividend date is Tuesday, April 30th. Citizens Financial Group’s dividend payout ratio (DPR) is presently 54.02%.

Wall Street Analysts Forecast Growth

CFG has been the subject of several recent analyst reports. Wedbush cut their price objective on shares of Citizens Financial Group from $38.00 to $35.00 and set a “neutral” rating for the company in a research report on Thursday. Jefferies Financial Group lifted their price objective on shares of Citizens Financial Group from $35.00 to $36.00 and gave the company a “hold” rating in a research note on Monday, April 8th. Morgan Stanley boosted their price objective on shares of Citizens Financial Group from $31.00 to $39.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 7th. Citigroup raised Citizens Financial Group from a “neutral” rating to a “buy” rating and set a $36.00 target price on the stock in a report on Monday, February 5th. Finally, Royal Bank of Canada boosted their price target on Citizens Financial Group from $33.00 to $35.00 and gave the stock an “outperform” rating in a report on Thursday, January 18th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $35.88.

About Citizens Financial Group

Citizens Financial Group, Inc operates as the bank holding company that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, corporations, and institutions in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.