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National Bank Financial Analysts Lift Earnings Estimates for TMX Group Limited (TSE:X)

National Bank Financial Analysts Lift Earnings Estimates for TMX Group Limited (TSE:X)

TMX Group Minimal (TSE:X – Get Ranking) – Equities researchers at Countrywide Bank Money upped their FY2023 EPS estimates for shares of TMX Team in a analysis observe issued on Tuesday, May 2nd. Countrywide Financial institution Money analyst J. Gloyn now forecasts that the company will write-up earnings of $7.54 per share for the calendar year, up from their preceding forecast of $7.51. The consensus estimate for TMX Group’s current total-calendar year earnings is $7.61 for each share.

A quantity of other research companies also not long ago issued studies on X. BMO Money Marketplaces lifted their selling price target on shares of TMX Team from C$155.00 to C$158.00 in a investigate report on Wednesday. Countrywide Bankshares increased their target value on TMX Group from C$148.00 to C$152.00 and gave the corporation a “sector conduct” rating in a report on Tuesday. Deutsche Lender Aktiengesellschaft slash their cost goal on TMX Team from C$145.00 to C$143.00 in a report on Wednesday, February 8th. TD Securities greater their price aim on TMX Team from C$145.00 to C$150.00 and gave the organization a “maintain” score in a exploration be aware on Wednesday. Finally, Scotiabank boosted their target price tag on shares of TMX Team from C$159.00 to C$161.00 in a investigation take note on Thursday.

TMX Group Inventory General performance

Shares of X opened at C$139.70 on Friday. TMX Group has a 1 12 months very low of C$123.03 and a 1 12 months large of C$142.92. The inventory has a marketplace capitalization of C$7.78 billion, a P/E ratio of 14.21, a P/E/G ratio of 12.65 and a beta of .55. The enterprise has a debt-to-equity ratio of 26.38, a brief ratio of .01 and a recent ratio of 1.00. The firm’s fifty working day relocating ordinary is C$135.96 and its two-hundred working day moving common is C$135.29.

TMX Group (TSE:X – Get Ranking) previous issued its earnings results on Monday, February 6th. The enterprise reported C$1.74 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.73 by C$.01. The company experienced profits of C$274.10 million in the course of the quarter, as opposed to analyst estimates of C$280.68 million.

TMX Team Dividend Announcement

The organization also not long ago introduced a quarterly dividend, which will be paid on Friday, June 2nd. Stockholders of report on Friday, June 2nd will be compensated a dividend of $.87 for each share. The ex-dividend date is Thursday, May perhaps 18th. This signifies a $3.48 annualized dividend and a dividend produce of 2.49{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. TMX Group’s dividend payout ratio is presently 35.40{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

TMX Team Business Profile

(Get Rating)

TMX Team Minimal operates exchanges, markets, and clearinghouses mainly for funds marketplaces in Canada and internationally. The company operates by way of 4 segments: Worldwide Remedies, Insights & Analytics Capital Development Derivatives Investing and Clearing and Equities and Set Cash flow Trading & Clearing.

Further Looking at

This immediate information notify was produced by narrative science engineering and financial data from MarketBeat in order to supply visitors with the swiftest and most precise reporting. This tale was reviewed by MarketBeat’s editorial group prior to publication. Make sure you send any thoughts or comments about this story to contact@marketbeat.com.

Just before you look at TMX Group, you will want to hear this.

MarketBeat retains monitor of Wall Street’s major-rated and ideal performing investigation analysts and the shares they propose to their shoppers on a day-to-day basis. MarketBeat has discovered the five shares that prime analysts are quietly whispering to their customers to purchase now ahead of the broader market catches on… and TMX Team was not on the list.

While TMX Group presently has a “Maintain” score among analysts, top-rated analysts consider these 5 stocks are much better purchases.

View The 5 Stocks In this article

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Daiwa Securities Increases Holdings in The Cigna Group as Financial Analysts Give Mixed-Bag Consensus on Future Prospects

Daiwa Securities Increases Holdings in The Cigna Group as Financial Analysts Give Mixed-Bag Consensus on Future Prospects

Daiwa Securities Group Inc. documented that they had enhanced their holdings in The Cigna Group by a staggering 74.9{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} through the final quarter, according to its newest filing with the SEC. The fund’s possession rose from around 22,251 shares to about 38,912 shares in whole, many thanks to an included 16,661 shares through the period beneath overview. At the conclusion of Q4 2020, Daiwa Securities Team Inc.’s stake in The Cigna Group was well worth $12,894,000.

The revealing disclosure arrived at a very important second when there is no dearth of research experiences from a number of reliable money institutions that present distinctive perspectives on The Cigna Group’s potential prospects. Deutsche Lender Aktiengesellschaft downgraded its selling price focus on on shares of The Cigna Team from $359.00 to $348.00 as it shared its view by way of a investigate notice produced on Wednesday, February 8th. Cantor Fitzgerald not too long ago initiated coverage and assigned a “neutral” rating and a $285.00 value goal for the firm on Thursday, April 20th.

Contrarily, Mizuho reissued a “buy” score and assigned a $360.00 rate objective on shares of The Cigna Group just two days earlier (March 30th), whilst JPMorgan Chase & Co., a different quite distinguished NYSE marketplace part manufactured an unpopular move by lowering their selling price focus on from $378.00 to $370.00 when also assigning an overweight rating on The Cigna Team.

These several contradictory viewpoints gave marketplaces a lot more clarity about forecasting the conduct of CI though injecting several factors contributing to volatile swings- producing it fascinating for investors with extended-phrase investment techniques aimed at maximizing returns by navigating through durations of uncertainty successfully.

The inventory opened at $250.33 for every share on Friday and displayed amazing quantities with remarkable stats in the sector capitalization classification – clocking in at $74.36bn, a value-to-earnings ratio of 11.71, and a price-to-earnings-advancement ratio of .88 with the beta resting soundly at .62 respectively.

The wellness service company has been steady in preserving a healthful equilibrium concerning equity and personal debt, keeping it steady at a personal debt-to-fairness ratio of .63 although preserving fantastic performance in liquidity ratios with an impeccable fast and latest ratio of .70 each.

Driving on this combined-bag consensus score bestowed by fiscal analysts with eight investment decision analysts evaluating the stock’s worth as “hold,” eleven gifting it with “buy” scores, and two awarding it with the “strong buy” label- Cigna Team stands tall right now attracting buyers who intend to make maximum profits by sticking to their extended-term strategies, self-assurance levels intact!

Institutional Buyers and Insiders Make Moves as The Cigna Group’s General performance Continues to be Regular

The Cigna Team (NYSE:CI) has witnessed a number of changes in stock holdings amongst institutional traders and hedge cash. Financial institution of New York Mellon Corp grew its stake in the business by 9.5{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in Q3, though Putnam Investments LLC enhanced its stake by 16.5{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} throughout the identical period of time. Charles Schwab Expense Administration Inc. observed its stake raise by 1.6{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in Q1, although UBS Asset Administration Americas Inc. grew its stake by 6.6{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. Finally, Edmp Inc.’s place in The Cigna Group surged substantially by 32,426.5{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} to reach possession of all over 87.61{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the stock owned collectively by institutional investors.

Despite these variations, insiders these kinds of as Michael W. Triplett and Donna F. Zarcone have been offering their shares in The Cigna Group a short while ago, with a overall of over 27,752 shares bought or roughly $8 million worthy of of inventory traded away within the previous quarter by itself.

Several exploration companies have also weighed in on The Cigna Group’s market functionality with ratings ranging from “Neutral” to “Strong Purchase,” which includes Cantor Fitzgerald and Stephens who gave the company a respectively higher score of $285 and $370 selling price goal.

In past earnings studies, The Cigna Team exceeded market place expectations with claimed EPS surpassing analysts’ predictions in Q4-2016 nevertheless only a little bit missing projections for profits at $45.75 billion as opposed to an envisioned $45.79 billion all through that quarter.

Cigna is also set to shell out its quarterly dividend on June 22nd this year at a level of $1.23 per share – symbolizing an annualized dividend of $4.92 and ensuing in a dividend produce of approximately 2{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

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Willdan Group to Release Q1 2021 Earnings on May 4th: Financial Analysts Weigh In

Willdan Group to Release Q1 2021 Earnings on May 4th: Financial Analysts Weigh In

Willdan Group (NASDAQ:WLDN) is a organization that has been obtaining substantially notice from analysts recently, in anticipation of its earnings outcomes announcement established for May possibly 4th. Investors and the finance industry alike are eagerly awaiting the unveiling of the company’s quarterly earnings per share (EPS), which is predicted to tumble in the variety of ($.01). The company’s administration has previously established its FY 2023 assistance EPS between $1.24-$1.32, offering buyers with some indication of what they can assume in phrases of foreseeable future returns.

Numerous fiscal analysts have recently weighed in on Willdan Group and the outlook for its shares. Wedbush lifted their price tag target on Willdan Group shares from $16 to $20 back on March 10th, although EF Hutton Acquisition Co. I rated Willdan Group as a “buy” and gave a price tag goal of $24 that same working day. Additional not too long ago, StockNews.com initiated coverage on WLDN with a “hold” rating on March 16th.

Aside from the regular buzz encompassing an impending earnings report, some insider investing action at Willdan Group may have caught investors’ awareness currently as nicely. President Michael A. Bieber sold more than 2900 shares of the company’s stock on March 9th at an normal price tag of $17.03, amounting to practically $50k in full sales price. CEO Thomas Donald Brisbin also sold more than 2600 shares afterwards that week on March 13th, valued at close to $42k.

Whilst this insider marketing exercise may induce some short warning among the shareholders or possible traders, it is critical to be aware that it is nevertheless a somewhat tiny portion of the general out there stock (symbolizing considerably less than 1{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} collectively) and numerous periods insiders market for good reasons unrelated to their self esteem in the company’s prolonged-term prospective buyers.

All eyes will be on Willdan Team as it announces its quarterly earnings outcomes on May well 4th. Investors keen to listen to much more about WLDN’s financials and foreseeable future prospective clients can comply with the company’s conference connect with using the offered website link.

Willdan Team Impresses with Q1 Earnings Report and Increasing Institutional Assistance

Willdan Group (NASDAQ:WLDN) is a construction enterprise that not long ago amazed analysts with its earnings report for the first quarter of 2021. The documented earnings per share (EPS) of $.25, which beat consensus estimates by $.07, and revenue of $113.26 million ended up marginally lower than anticipated, with the latter falling shorter by just below $10 million in comparison to consensus estimates.

Even with lacking revenue estimates, Willdan Team managed to keep a positive return on equity of 2.07{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. This was achieved even with a destructive net margin of 1.97{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} – an outstanding feat for any building corporation in the recent economic climate.

Buyers showed faith in Willdan Group’s effectiveness and responded positively to the Q1 report, with shares opening at $14.08 on Thursday, up from a weekly minimal of $12.82 previously in the week.

Though Willdan Group has seasoned rate volatility in excess of the earlier calendar year, with shares fluctuating involving highs of pretty much $30 for every share and lows of all-around $11 for each share, there are indicators that institutional traders are increasing their stakes in the corporation.

UBS Team AG grew its stake in Willdan Group by 68{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} all through Q3 2020, although Sei Investments Co. enhanced its stake by 11{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} all through Q4 2020. BNP Paribas Arbitrage SA obtained an added 1,220 shares worth around $125,000 in the course of Q1 2021, indicating self-confidence in future advancement potential customers for the corporation.

Even with issues about ongoing uncertainty pertaining to world economic recovery amid pandemic-connected worries these types of as source chain disruptions and materials shortages influencing costs and job schedules for companies running in just different industries like design we can hope good returns from Willdan Group offered reliable repeat organization options from Condition companies who operate alternative applications regularly to make sure ongoing improvement in community security infrastructure tasks.

Analysts foresee EPS prices of roughly $1 for each the present-day and next fiscal several years. With a P/E ratio of -21.66 and a beta of 1.31, Willdan Group is properly-positioned to conduct nicely in the coming quarters, driven by strategic investments from institutional traders and reputable revenue streams from federal government businesses seeking continued enhancements to infrastructure across the nation.

In small, Willdan Group’s latest Q1 earnings report has instilled assurance in traders, even with slipping a little bit down below profits anticipations. With sound projections for future EPS and expanding institutional assist, this development enterprise is poised for steady expansion as it moves forward into the following fiscal yr.

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Jefferies Financial Group Analysts Raise Earnings Estimates for Flowserve Co. (NYSE:FLS)

Jefferies Financial Group Analysts Raise Earnings Estimates for Flowserve Co. (NYSE:FLS)

Flowserve Co. (NYSE:FLS – Get Rating) – Analysts at Jefferies Financial Group boosted their FY2023 earnings per share (EPS) estimates for shares of Flowserve in a research note issued to investors on Thursday, April 20th. Jefferies Financial Group analyst S. Boroditsky now forecasts that the industrial products company will post earnings per share of $1.70 for the year, up from their previous forecast of $1.66. The consensus estimate for Flowserve’s current full-year earnings is $1.68 per share. Jefferies Financial Group also issued estimates for Flowserve’s Q4 2023 earnings at $0.65 EPS, FY2024 earnings at $2.01 EPS and FY2025 earnings at $2.37 EPS.

Flowserve (NYSE:FLS – Get Rating) last posted its earnings results on Wednesday, February 22nd. The industrial products company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.43 by $0.20. Flowserve had a return on equity of 8.14{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} and a net margin of 5.22{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter last year, the company earned $0.45 EPS. Flowserve’s revenue was up 13.0{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} on a year-over-year basis.

Other equities research analysts have also recently issued reports about the company. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $30.00 price objective on shares of Flowserve in a research note on Thursday, February 23rd. Morgan Stanley upped their target price on Flowserve from $31.00 to $37.00 and gave the stock an “equal weight” rating in a report on Thursday, February 23rd. StockNews.com started coverage on Flowserve in a report on Thursday, March 16th. They set a “buy” rating on the stock. Bank of America upgraded Flowserve from a “neutral” rating to a “buy” rating and upped their target price for the stock from $33.00 to $40.00 in a report on Monday, January 30th. They noted that the move was a valuation call. Finally, TheStreet raised Flowserve from a “c” rating to a “b” rating in a research report on Tuesday, February 21st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $35.56.

Flowserve Stock Down 0.9 {21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}

NYSE FLS opened at $33.27 on Friday. The stock has a fifty day moving average of $33.53 and a 200-day moving average of $31.53. The stock has a market capitalization of $4.36 billion, a P/E ratio of 23.27, a price-to-earnings-growth ratio of 0.93 and a beta of 1.61. Flowserve has a 52 week low of $23.89 and a 52 week high of $37.34. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.33 and a current ratio of 1.97.

Hedge Funds Weigh In On Flowserve

Several institutional investors and hedge funds have recently made changes to their positions in FLS. Envestnet Asset Management Inc. acquired a new position in shares of Flowserve in the first quarter valued at approximately $208,000. Raymond James & Associates grew its position in shares of Flowserve by 70.7{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the first quarter. Raymond James & Associates now owns 113,597 shares of the industrial products company’s stock valued at $4,078,000 after purchasing an additional 47,032 shares during the last quarter. American Century Companies Inc. grew its position in shares of Flowserve by 15.1{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the first quarter. American Century Companies Inc. now owns 14,896 shares of the industrial products company’s stock valued at $535,000 after purchasing an additional 1,950 shares during the last quarter. US Bancorp DE grew its position in shares of Flowserve by 11.0{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the first quarter. US Bancorp DE now owns 8,139 shares of the industrial products company’s stock valued at $292,000 after purchasing an additional 807 shares during the last quarter. Finally, Bank of Montreal Can grew its position in shares of Flowserve by 3.2{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the first quarter. Bank of Montreal Can now owns 159,979 shares of the industrial products company’s stock valued at $5,667,000 after purchasing an additional 4,900 shares during the last quarter. Institutional investors and hedge funds own 99.88{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the company’s stock.

Flowserve Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 7th. Stockholders of record on Friday, March 24th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.40{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The ex-dividend date of this dividend was Thursday, March 23rd. Flowserve’s payout ratio is 55.94{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

Flowserve Company Profile

(Get Rating)

Flowserve Corp. engages in the manufacture and provision of aftermarket service for comprehensive flow control systems. It operates through Flowserve Pumps Division and Flow Control Division segments. The Flowserve Pumps Division provides pumps, pre-configured industrial pumps, pump systems, mechanical seals, auxiliary systems and replacement parts, and related services.

Featured Stories

Earnings History and Estimates for Flowserve (NYSE:FLS)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Before you consider Flowserve, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Flowserve wasn’t on the list.

While Flowserve currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

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Wedbush Analysts Boost Earnings Estimates for Citizens Financial Group, Inc. (NYSE:CFG)

Wedbush Analysts Boost Earnings Estimates for Citizens Financial Group, Inc. (NYSE:CFG)

→ What’s At Stake In April is Shocking (From Vantage Point)pixel

Citizens Financial Group, Inc. (NYSE:CFG – Get Rating) – Research analysts at Wedbush lifted their Q1 2024 earnings per share (EPS) estimates for shares of Citizens Financial Group in a research report issued to clients and investors on Wednesday, March 29th. Wedbush analyst D. Chiaverini now anticipates that the bank will post earnings per share of $1.28 for the quarter, up from their prior estimate of $1.20. Wedbush has a “Neutral” rating and a $45.00 price target on the stock. The consensus estimate for Citizens Financial Group’s current full-year earnings is $4.98 per share. Wedbush also issued estimates for Citizens Financial Group’s Q2 2024 earnings at $1.29 EPS, Q3 2024 earnings at $1.30 EPS, Q4 2024 earnings at $1.27 EPS and FY2024 earnings at $5.15 EPS.

Citizens Financial Group (NYSE:CFG – Get Rating) last released its quarterly earnings results on Tuesday, January 17th. The bank reported $1.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.05). The firm had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.22 billion. Citizens Financial Group had a net margin of 22.86{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} and a return on equity of 11.24{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

CFG has been the subject of several other research reports. Morgan Stanley raised their target price on Citizens Financial Group from $48.00 to $53.00 and gave the stock an “overweight” rating in a research report on Monday, December 5th. DA Davidson initiated coverage on Citizens Financial Group in a report on Wednesday, December 21st. They issued a “buy” rating and a $47.00 target price on the stock. Citigroup raised their price target on shares of Citizens Financial Group from $45.00 to $47.00 and gave the stock a “neutral” rating in a report on Wednesday, February 22nd. Piper Sandler upped their price objective on shares of Citizens Financial Group from $47.00 to $51.00 and gave the company an “overweight” rating in a research note on Wednesday, February 15th. Finally, StockNews.com assumed coverage on shares of Citizens Financial Group in a research note on Thursday, March 16th. They set a “hold” rating for the company. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.78.

Citizens Financial Group Trading Down 1.2 {21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}

NYSE CFG opened at $30.77 on Friday. The firm’s 50 day moving average price is $38.99 and its two-hundred day moving average price is $38.88. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.92 and a current ratio of 0.92. Citizens Financial Group has a twelve month low of $28.79 and a twelve month high of $48.98. The stock has a market cap of $14.90 billion, a price-to-earnings ratio of 7.54, a PEG ratio of 2.35 and a beta of 1.37.

Institutional Investors Weigh In On Citizens Financial Group

Several institutional investors have recently added to or reduced their stakes in CFG. Capital World Investors raised its stake in shares of Citizens Financial Group by 76.0{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the 1st quarter. Capital World Investors now owns 19,002,482 shares of the bank’s stock valued at $861,383,000 after purchasing an additional 8,203,831 shares during the period. Norges Bank acquired a new stake in Citizens Financial Group in the 4th quarter valued at approximately $192,928,000. Morgan Stanley lifted its stake in Citizens Financial Group by 18.0{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the 4th quarter. Morgan Stanley now owns 18,297,989 shares of the bank’s stock valued at $720,392,000 after acquiring an additional 2,785,751 shares in the last quarter. Prudential Financial Inc. boosted its position in Citizens Financial Group by 444.3{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the 2nd quarter. Prudential Financial Inc. now owns 2,852,267 shares of the bank’s stock worth $101,799,000 after acquiring an additional 2,328,251 shares during the last quarter. Finally, Eaton Vance Management boosted its position in Citizens Financial Group by 899.7{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the 3rd quarter. Eaton Vance Management now owns 2,319,890 shares of the bank’s stock worth $79,712,000 after acquiring an additional 2,087,841 shares during the last quarter. 88.96{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Kevin Cummings sold 81,151 shares of Citizens Financial Group stock in a transaction dated Tuesday, February 7th. The stock was sold at an average price of $44.40, for a total transaction of $3,603,104.40. Following the transaction, the director now owns 455,789 shares in the company, valued at approximately $20,237,031.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.53{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the company’s stock.

Citizens Financial Group announced that its Board of Directors has approved a share buyback program on Friday, February 17th that allows the company to repurchase $1.15 billion in outstanding shares. This repurchase authorization allows the bank to reacquire up to 5.6{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.

Citizens Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 14th. Investors of record on Tuesday, January 31st were paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 5.46{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The ex-dividend date of this dividend was Monday, January 30th. Citizens Financial Group’s payout ratio is presently 41.18{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

Citizens Financial Group Company Profile

(Get Rating)

Citizens Financial Group, Inc engages in the provision of commercial banking services. It operates through the Consumer Banking and Commercial Banking segments. The Consumer Banking segment includes deposit products, mortgage and home equity lending, student loans, auto financing, credit cards, business loans, and wealth management and investment services.

See Also

Earnings History and Estimates for Citizens Financial Group (NYSE:CFG)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Before you consider Citizens Financial Group, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Citizens Financial Group wasn’t on the list.

While Citizens Financial Group currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

A Guide To High-Short-Interest Stocks Cover
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RIA Roundup: Carson Group Acquires $500M The Shobe Financial Group

RIA Roundup: Carson Group Acquires $500M The Shobe Financial Group

In a slower week for dealmaking amid RIAs, Carson Group made its very first full acquisition of the yr and Buckingham Strategic Prosperity declared its 3rd.  

In earlier news, a younger Merrill Lynch prodigy broke absent to start his have organization.

Carson Wealth Provides $500M Baton Rouge RIA: The Shobe Financial Team 

Associated: RIA Roundup: Lazard Asset Administration Acquires Truvvo Associates to Produce $8B Family Workplace

Carson Team on Thursday declared the acquisition of The Shobe Money Group, a $500 million registered expenditure advisory agency dependent in Baton Rouge, La.

The offer signifies the seventh whole acquisition that Carson Wealth, 1 of three Carson Group subsidiaries, has produced in its historical past. It is also amongst the most significant.

Similar: RIA Roundup: LMP-Backed Pathstone Sells Stake to Kelso & Organization

Led by founder and Chairman Ed Shobe and President Jason Windham, each companions at the company, the complete 16-human being team will be a part of Carson and continue to keep functioning below the Shobe name—under the Carson Wealth model.

Shobe discovered the have to have for a succession strategy as a essential motive for the move, put together with a motivation to facilitate advancement.

“We see Carson Team as a lengthy-expression partner that will permit us to develop and serve our customers for generations to arrive,” he explained in a assertion. “This alignment strengthens our offerings and is an crucial phase in our 100-calendar year approach.”

“We prefer to refer to them as mergers if the team is keeping intact,” explained Jamie Hopkins, managing spouse of wealth answers for Carson Wealth. “Shobe has 7 CFPs, which is some thing that we prioritize, and does a genuinely great position at monetary arranging. There are points they do seriously well that we’re just sort of merging in with Carson Wealth, whilst permitting them to continue to operate their way—even nevertheless that wasn’t how we pushed factors in the earlier.”

Carson offers technological innovation, expenditure and economic setting up “stacks,” he mentioned, but has calm specifications that acquired and partnering companies adopt these wholesale.

“We have some approved know-how that’s not element of the tech stack that firms can have and leverage,” Hopkins said. “We’re definitely striving to be additional adaptable and meet up with advisors and corporations in which they are compared to our giving as it stood before.”

“We did not just take this final decision lightly—it’s been more than a calendar year in the building,” said Windham. “As a Carson Wealth office we will have entry to expanded methods and can focus on what we do most effective.”

The Baton Rouge place is the seventh wholly owned Carson Prosperity office in the United States.

Centered in Omaha, Neb., Carson Group was founded in 1983 by Ron Carson and serves economic advisors and traders by means of its three companies – Carson Prosperity, its retail wealth management arm Carson Associates, an RIA partnership platform and Carson Coaching, an advisor coaching services. Carson Group currently manages $21 billion in property across all a few, serving far more than 45,000 family members by means of a community of more than 460 advisors in 37 states.

Buckingham Strategic Prosperity Announces 3rd Acquisition of 2023

Aim Economic Companions declared Friday it struck a offer to be part of Hausman Advisors, a registered financial investment adviser primarily based in Hood River, Ore., with Target associate firm Buckingham Strategic Wealth.

Founded in 2008 by Jason Smith and Karen Hausman Smith, Hausman generally serves purchasers working in technological and scientific fields. The firm has been affiliated with Buckingham because 2012 by means of its partnership with Buckingham Strategic Associates, Buckingham’s affiliated turnkey asset administration system.

“Karen and I expended our early careers in the scientific arena,” Smith explained in a statement. “We firmly believe this history allows us to present differentiated perspectives to our consumers, and tailor the everyday living and economical arranging that we do to their specific instances. We share Buckingham’s proof-centered investment philosophy and unwavering commitment to customer assistance. Which is how we knew they would be an suitable in shape for our company.”

“We have experienced the enjoyment of doing work with the Hausman crew for the past 10 years and have a really strong romantic relationship with them,” explained Buckingham CEO Adam Birenbaum. “Each of our corporations share a deep dedication to client service and evidence-dependent assistance. For all of these reasons, we could not be far more thrilled to have them join our advisory staff. Their backgrounds incorporate a unique factor to their ability to serve their clientele and we glance ahead to serving to them improve their footprint in Northern Oregon.”

Founded in 1994, Buckingham Strategic Prosperity now manages more than $20 billion in property, in accordance to it’s hottest Sort ADV, across extra than 40,000 customer accounts. The St. Louis, Mo.-centered firm has 50 workplaces nationwide.

The transaction is anticipated to near in the second quarter of 2023, issue to customary closing ailments.