Amalgamated Bank Sells 3,755 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Amalgamated Bank trimmed its position in Citizens Financial Group, Inc. (NYSE:CFG) by 4.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 84,752 shares of the bank’s stock after selling 3,755 shares during the period. Amalgamated Bank’s holdings in Citizens Financial Group were worth $3,709,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of CFG. Bank of New York Mellon Corp lifted its stake in Citizens Financial Group by 31.0% in the 4th quarter. Bank of New York Mellon Corp now owns 3,543,207 shares of the bank’s stock worth $155,051,000 after purchasing an additional 839,041 shares in the last quarter. IFP Advisors Inc raised its position in shares of Citizens Financial Group by 38.3% in the fourth quarter. IFP Advisors Inc now owns 7,975 shares of the bank’s stock worth $349,000 after buying an additional 2,210 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in Citizens Financial Group by 105.7% during the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 95,184 shares of the bank’s stock valued at $4,165,000 after buying an additional 48,900 shares during the period. Delta Financial Group Inc. purchased a new position in Citizens Financial Group during the fourth quarter worth about $258,000. Finally, Howard Capital Management Inc. bought a new position in Citizens Financial Group in the 4th quarter worth about $426,000. 94.90% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CFG has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods lifted their price target on Citizens Financial Group from $53.00 to $56.00 and gave the company a “market perform” rating in a research report on Tuesday, January 21st. Truist Financial lifted their target price on shares of Citizens Financial Group from $49.00 to $54.00 and gave the company a “hold” rating in a research report on Tuesday, January 21st. Compass Point increased their price target on shares of Citizens Financial Group from $45.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Citigroup raised their price objective on shares of Citizens Financial Group from $50.00 to $58.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Finally, Piper Sandler upped their target price on shares of Citizens Financial Group from $48.00 to $53.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 3rd. Nine research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $49.00.

Citizens Financial Group Trading Up 1.3 %

NYSE CFG opened at $45.75 on Friday. The firm has a market cap of $20.00 billion, a PE ratio of 15.10, a price-to-earnings-growth ratio of 0.81 and a beta of 1.10. Citizens Financial Group, Inc. has a 1-year low of $30.54 and a 1-year high of $49.25. The stock has a 50-day moving average of $45.90 and a 200-day moving average of $44.13. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.56.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings data on Friday, January 17th. The bank reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.02. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The firm had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter in the previous year, the company posted $0.85 earnings per share. The business’s revenue was down .1% on a year-over-year basis. As a group, sell-side analysts forecast that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 3.67%. The ex-dividend date of this dividend was Friday, January 31st. Citizens Financial Group’s dividend payout ratio (DPR) is presently 55.45%.

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.