J. Safra Sarasin Holding AG Cuts Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

by · The Cerbat Gem

J. Safra Sarasin Holding AG lowered its holdings in Citizens Financial Group, Inc. (NYSE:CFG – Free Report) by 44.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,559 shares of the bank’s stock after selling 20,006 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in Citizens Financial Group were worth $1,075,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. My Legacy Advisors LLC raised its position in Citizens Financial Group by 1.0% in the 4th quarter. My Legacy Advisors LLC now owns 22,810 shares of the bank’s stock worth $1,074,000 after buying an additional 229 shares during the last quarter. Brooklyn Investment Group raised its holdings in shares of Citizens Financial Group by 3.3% during the fourth quarter. Brooklyn Investment Group now owns 7,304 shares of the bank’s stock valued at $320,000 after purchasing an additional 233 shares during the last quarter. 1620 Investment Advisors Inc. lifted its position in Citizens Financial Group by 3.2% during the fourth quarter. 1620 Investment Advisors Inc. now owns 7,713 shares of the bank’s stock valued at $338,000 after purchasing an additional 238 shares during the period. SeaCrest Wealth Management LLC boosted its holdings in Citizens Financial Group by 0.9% in the fourth quarter. SeaCrest Wealth Management LLC now owns 28,726 shares of the bank’s stock worth $1,257,000 after purchasing an additional 246 shares during the last quarter. Finally, Ballentine Partners LLC grew its position in Citizens Financial Group by 3.3% in the 4th quarter. Ballentine Partners LLC now owns 7,777 shares of the bank’s stock worth $340,000 after purchasing an additional 247 shares during the period. 94.90% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on CFG shares. Citigroup dropped their price target on Citizens Financial Group from $58.00 to $51.00 and set a “buy” rating on the stock in a research note on Monday, March 24th. DA Davidson cut their price target on Citizens Financial Group from $53.00 to $49.00 and set a “buy” rating for the company in a research note on Thursday, April 17th. Raymond James reaffirmed a “strong-buy” rating and set a $48.00 price target (down previously from $58.00) on shares of Citizens Financial Group in a research report on Thursday, April 17th. Truist Financial dropped their price objective on shares of Citizens Financial Group from $51.00 to $43.00 and set a “hold” rating on the stock in a report on Thursday, April 17th. Finally, Barclays reduced their target price on shares of Citizens Financial Group from $52.00 to $49.00 and set an “equal weight” rating for the company in a report on Thursday, April 17th. Eight research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $45.82.

View Our Latest Stock Report on Citizens Financial Group

Citizens Financial Group Trading Up 3.9 %

Shares of CFG opened at $35.82 on Wednesday. The firm has a market cap of $15.66 billion, a P/E ratio of 11.82, a price-to-earnings-growth ratio of 0.81 and a beta of 0.81. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.85. Citizens Financial Group, Inc. has a 1 year low of $32.60 and a 1 year high of $49.25. The company has a 50 day simple moving average of $40.45 and a two-hundred day simple moving average of $43.53.

Citizens Financial Group (NYSE:CFG – Get Free Report) last posted its earnings results on Wednesday, April 16th. The bank reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.02. The company had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.94 billion. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. On average, equities analysts expect that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current fiscal year.

Citizens Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th will be given a $0.42 dividend. The ex-dividend date is Wednesday, April 30th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.69%. Citizens Financial Group’s dividend payout ratio is currently 53.33%.

Citizens Financial Group Profile

(Free Report)

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.

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