Diversified Trust Co Decreases Stake in Citizens Financial Group, Inc. (NYSE:CFG)

Diversified Trust Co cut its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 11.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,995 shares of the bank’s stock after selling 1,468 shares during the quarter. Diversified Trust Co’s holdings in Citizens Financial Group were worth $452,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. GAMMA Investing LLC lifted its stake in shares of Citizens Financial Group by 41.5% during the 3rd quarter. GAMMA Investing LLC now owns 11,288 shares of the bank’s stock valued at $464,000 after buying an additional 3,312 shares in the last quarter. Czech National Bank lifted its position in shares of Citizens Financial Group by 5.3% during the third quarter. Czech National Bank now owns 91,323 shares of the bank’s stock worth $3,751,000 after acquiring an additional 4,614 shares in the last quarter. Handelsbanken Fonder AB boosted its holdings in shares of Citizens Financial Group by 36.5% in the third quarter. Handelsbanken Fonder AB now owns 74,600 shares of the bank’s stock worth $3,064,000 after acquiring an additional 19,954 shares during the period. Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of Citizens Financial Group by 2,109.3% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 386,634 shares of the bank’s stock valued at $13,930,000 after purchasing an additional 369,134 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in shares of Citizens Financial Group during the 2nd quarter valued at $1,429,000. Institutional investors own 94.90% of the company’s stock.

Analyst Upgrades and Downgrades

CFG has been the subject of a number of recent analyst reports. Morgan Stanley lifted their target price on Citizens Financial Group from $41.00 to $50.00 and gave the company an “equal weight” rating in a report on Monday, August 5th. Royal Bank of Canada increased their target price on shares of Citizens Financial Group from $35.00 to $43.00 and gave the stock an “outperform” rating in a research note on Thursday, July 18th. Piper Sandler boosted their price target on shares of Citizens Financial Group from $45.00 to $48.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. The Goldman Sachs Group upped their price target on shares of Citizens Financial Group from $43.00 to $49.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Finally, Jefferies Financial Group lifted their price objective on Citizens Financial Group from $36.00 to $37.00 and gave the company a “hold” rating in a research note on Wednesday, July 3rd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Citizens Financial Group currently has an average rating of “Hold” and an average price target of $43.07.

Insider Buying and Selling at Citizens Financial Group

In other news, insider Craig Jack Read sold 3,938 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $43.26, for a total value of $170,357.88. Following the transaction, the insider now owns 33,620 shares in the company, valued at approximately $1,454,401.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.62% of the company’s stock.

Citizens Financial Group Price Performance

Shares of Citizens Financial Group stock opened at $41.30 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.86 and a current ratio of 0.87. Citizens Financial Group, Inc. has a 52-week low of $22.77 and a 52-week high of $43.96. The company has a fifty day moving average of $40.87 and a 200-day moving average of $37.73. The stock has a market capitalization of $18.79 billion, a price-to-earnings ratio of 14.96, a price-to-earnings-growth ratio of 1.43 and a beta of 1.07.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings data on Wednesday, July 17th. The bank reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.01). Citizens Financial Group had a net margin of 10.74% and a return on equity of 6.21%. The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same period last year, the business posted $0.92 earnings per share. The firm’s quarterly revenue was down 6.3% compared to the same quarter last year. Equities research analysts expect that Citizens Financial Group, Inc. will post 3.24 EPS for the current year.

Citizens Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Wednesday, July 31st were given a $0.42 dividend. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $1.68 annualized dividend and a yield of 4.07%. Citizens Financial Group’s payout ratio is currently 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.