Citizens Financial Group, Inc. (NYSE:CFG) Shares Sold by First Hawaiian Bank

First Hawaiian Bank trimmed its position in Citizens Financial Group, Inc. (NYSE:CFG) by 2.9% in the second quarter, Holdings Channel reports. The firm owned 24,689 shares of the bank’s stock after selling 746 shares during the quarter. First Hawaiian Bank’s holdings in Citizens Financial Group were worth $890,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Blue Trust Inc. increased its holdings in shares of Citizens Financial Group by 77.6% in the 4th quarter. Blue Trust Inc. now owns 1,314 shares of the bank’s stock valued at $44,000 after acquiring an additional 574 shares during the last quarter. Global Retirement Partners LLC grew its holdings in shares of Citizens Financial Group by 41.1% during the fourth quarter. Global Retirement Partners LLC now owns 2,388 shares of the bank’s stock valued at $75,000 after purchasing an additional 695 shares during the last quarter. International Assets Investment Management LLC bought a new stake in Citizens Financial Group in the fourth quarter valued at $3,713,000. Allworth Financial LP raised its holdings in Citizens Financial Group by 53.4% during the fourth quarter. Allworth Financial LP now owns 6,878 shares of the bank’s stock worth $228,000 after purchasing an additional 2,395 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale increased its position in shares of Citizens Financial Group by 4.3% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 292,550 shares of the bank’s stock worth $9,786,000 after acquiring an additional 11,976 shares in the last quarter. 94.90% of the stock is owned by institutional investors.

Citizens Financial Group Trading Up 2.6 %

CFG stock traded up $0.98 during midday trading on Tuesday, hitting $39.28. 2,936,094 shares of the company’s stock were exchanged, compared to its average volume of 5,537,313. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.86 and a current ratio of 0.87. The stock’s fifty day moving average price is $37.12 and its 200-day moving average price is $35.00. Citizens Financial Group, Inc. has a one year low of $22.77 and a one year high of $43.96. The company has a market cap of $17.87 billion, a PE ratio of 14.20, a price-to-earnings-growth ratio of 1.46 and a beta of 1.10.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings results on Wednesday, July 17th. The bank reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.01). Citizens Financial Group had a return on equity of 6.21% and a net margin of 10.74%. The business had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same period in the prior year, the business earned $0.92 earnings per share. Citizens Financial Group’s revenue was down 6.3% compared to the same quarter last year. Research analysts predict that Citizens Financial Group, Inc. will post 3.24 earnings per share for the current fiscal year.

Citizens Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 14th. Stockholders of record on Wednesday, July 31st will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 4.28%. The ex-dividend date is Wednesday, July 31st. Citizens Financial Group’s payout ratio is presently 60.87%.

Analyst Ratings Changes

CFG has been the topic of a number of recent research reports. Wedbush lowered their target price on Citizens Financial Group from $38.00 to $35.00 and set a “neutral” rating on the stock in a research note on Thursday, April 18th. Piper Sandler increased their price objective on Citizens Financial Group from $45.00 to $48.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. Keefe, Bruyette & Woods lifted their target price on shares of Citizens Financial Group from $39.00 to $40.00 and gave the company a “market perform” rating in a research note on Tuesday, July 9th. Raymond James began coverage on shares of Citizens Financial Group in a research note on Thursday, July 11th. They set a “market perform” rating on the stock. Finally, Citigroup lifted their price objective on shares of Citizens Financial Group from $39.00 to $43.00 and gave the company a “buy” rating in a research note on Friday, April 19th. Ten investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Citizens Financial Group presently has a consensus rating of “Hold” and a consensus price target of $42.20.

Insider Activity at Citizens Financial Group

In other news, insider Craig Jack Read sold 3,938 shares of Citizens Financial Group stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $43.26, for a total value of $170,357.88. Following the completion of the transaction, the insider now owns 33,620 shares of the company’s stock, valued at approximately $1,454,401.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.62% of the stock is owned by company insiders.

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.