Citizens Financial Group, Inc. (NYSE:CFG) Shares Sold by AIA Group Ltd

AIA Group Ltd lessened its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 36.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 30,258 shares of the bank’s stock after selling 17,112 shares during the quarter. AIA Group Ltd’s holdings in Citizens Financial Group were worth $1,243,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Cullen Frost Bankers Inc. boosted its position in Citizens Financial Group by 12.7% during the second quarter. Cullen Frost Bankers Inc. now owns 2,344 shares of the bank’s stock worth $84,000 after acquiring an additional 264 shares during the last quarter. Dorsey & Whitney Trust CO LLC lifted its stake in shares of Citizens Financial Group by 3.9% during the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 8,046 shares of the bank’s stock worth $292,000 after purchasing an additional 305 shares during the period. ZWJ Investment Counsel Inc. boosted its holdings in shares of Citizens Financial Group by 0.3% during the third quarter. ZWJ Investment Counsel Inc. now owns 88,829 shares of the bank’s stock worth $3,648,000 after purchasing an additional 308 shares during the last quarter. Abich Financial Wealth Management LLC grew its position in shares of Citizens Financial Group by 11.5% in the second quarter. Abich Financial Wealth Management LLC now owns 3,250 shares of the bank’s stock valued at $117,000 after purchasing an additional 334 shares during the period. Finally, Tealwood Asset Management Inc. increased its stake in Citizens Financial Group by 0.8% in the third quarter. Tealwood Asset Management Inc. now owns 43,059 shares of the bank’s stock valued at $1,768,000 after purchasing an additional 360 shares during the last quarter. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Stock Performance

Citizens Financial Group stock opened at $45.83 on Friday. Citizens Financial Group, Inc. has a 12-month low of $24.61 and a 12-month high of $48.35. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.87 and a quick ratio of 0.86. The company has a market capitalization of $20.40 billion, a price-to-earnings ratio of 18.04, a price-to-earnings-growth ratio of 1.59 and a beta of 1.07. The firm’s fifty day moving average price is $41.73 and its 200 day moving average price is $38.99.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings results on Wednesday, October 16th. The bank reported $0.79 EPS for the quarter, hitting the consensus estimate of $0.79. Citizens Financial Group had a return on equity of 5.73% and a net margin of 10.37%. The business had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.94 billion. During the same quarter in the previous year, the firm posted $0.85 earnings per share. The company’s revenue was down 5.6% compared to the same quarter last year. On average, research analysts forecast that Citizens Financial Group, Inc. will post 3.19 EPS for the current fiscal year.

Citizens Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 13th. Stockholders of record on Wednesday, October 30th will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date is Wednesday, October 30th. Citizens Financial Group’s payout ratio is currently 66.14%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Stephens raised their price target on Citizens Financial Group from $40.00 to $42.00 and gave the stock an “overweight” rating in a research note on Friday, July 19th. StockNews.com upgraded shares of Citizens Financial Group from a “sell” rating to a “hold” rating in a report on Thursday, October 17th. DA Davidson increased their price target on shares of Citizens Financial Group from $46.00 to $48.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. Evercore ISI decreased their price target on shares of Citizens Financial Group from $47.00 to $46.00 and set an “in-line” rating on the stock in a report on Wednesday, October 2nd. Finally, UBS Group upped their price objective on Citizens Financial Group from $42.00 to $46.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Nine investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $43.80.

Citizens Financial Group Company Profile

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.