Paradigm Financial Partners LLC Buys 6,935 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Paradigm Financial Partners LLC increased its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 16.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 49,409 shares of the bank’s stock after purchasing an additional 6,935 shares during the quarter. Paradigm Financial Partners LLC’s holdings in Citizens Financial Group were worth $1,637,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Massmutual Trust Co. FSB ADV grew its position in Citizens Financial Group by 40.4% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,640 shares of the bank’s stock valued at $54,000 after acquiring an additional 472 shares during the last quarter. Lindbrook Capital LLC grew its position in Citizens Financial Group by 100.8% in the 3rd quarter. Lindbrook Capital LLC now owns 988 shares of the bank’s stock valued at $26,000 after acquiring an additional 496 shares during the last quarter. Highlander Capital Management LLC grew its position in Citizens Financial Group by 19.6% in the 4th quarter. Highlander Capital Management LLC now owns 3,056 shares of the bank’s stock valued at $101,000 after acquiring an additional 500 shares during the last quarter. Coldstream Capital Management Inc. lifted its holdings in shares of Citizens Financial Group by 4.5% in the 3rd quarter. Coldstream Capital Management Inc. now owns 12,246 shares of the bank’s stock worth $328,000 after buying an additional 523 shares during the period. Finally, FSC Wealth Advisors LLC lifted its holdings in shares of Citizens Financial Group by 22.0% in the 3rd quarter. FSC Wealth Advisors LLC now owns 2,927 shares of the bank’s stock worth $78,000 after buying an additional 527 shares during the period. Institutional investors own 94.90% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on CFG shares. UBS Group upped their target price on Citizens Financial Group from $37.00 to $38.00 and gave the stock a “buy” rating in a report on Thursday, January 18th. Keefe, Bruyette & Woods upped their price objective on Citizens Financial Group from $35.00 to $39.00 and gave the stock a “market perform” rating in a research note on Friday, April 5th. StockNews.com cut Citizens Financial Group from a “hold” rating to a “sell” rating in a research note on Saturday. Barclays cut Citizens Financial Group from an “overweight” rating to an “equal weight” rating and upped their price objective for the stock from $38.00 to $40.00 in a research note on Tuesday, January 2nd. Finally, Citigroup upped their price objective on Citizens Financial Group from $39.00 to $43.00 and gave the stock a “buy” rating in a research note on Friday, April 19th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Citizens Financial Group currently has an average rating of “Hold” and an average target price of $37.13.

Insider Activity

In related news, insider Craig Jack Read sold 6,327 shares of the firm’s stock in a transaction dated Friday, April 19th. The stock was sold at an average price of $33.70, for a total transaction of $213,219.90. Following the sale, the insider now directly owns 37,558 shares of the company’s stock, valued at $1,265,704.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.62% of the company’s stock.

Citizens Financial Group Stock Performance

Shares of CFG stock traded up $0.15 during mid-day trading on Friday, reaching $35.15. The stock had a trading volume of 3,168,271 shares, compared to its average volume of 5,166,838. The business’s fifty day moving average is $33.68 and its 200-day moving average is $30.98. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.63. The firm has a market cap of $16.11 billion, a price-to-earnings ratio of 12.74 and a beta of 1.38. Citizens Financial Group, Inc. has a 1-year low of $22.77 and a 1-year high of $36.38.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings data on Wednesday, April 17th. The bank reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.10). The firm had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.96 billion. Citizens Financial Group had a net margin of 11.52% and a return on equity of 6.62%. The firm’s revenue for the quarter was down 7.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.00 earnings per share. On average, research analysts forecast that Citizens Financial Group, Inc. will post 3.24 earnings per share for the current year.

Citizens Financial Group Announces Dividend

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 issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.78%. The ex-dividend date of this dividend is Tuesday, April 30th. Citizens Financial Group’s dividend payout ratio is presently 60.87%.

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.