Citizens Financial Group Inc. RI Sells 18,717 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Citizens Financial Group Inc. RI lessened its stake in Citizens Financial Group, Inc. (NYSE:CFG) by 3.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 461,271 shares of the bank’s stock after selling 18,717 shares during the quarter. Citizens Financial Group Inc. RI owned about 0.10% of Citizens Financial Group worth $18,944,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Canada Pension Plan Investment Board increased its stake in Citizens Financial Group by 101.6% in the first quarter. Canada Pension Plan Investment Board now owns 761,679 shares of the bank’s stock valued at $27,641,000 after purchasing an additional 383,947 shares in the last quarter. Versor Investments LP acquired a new stake in Citizens Financial Group during the 3rd quarter worth $1,910,000. UniSuper Management Pty Ltd lifted its holdings in Citizens Financial Group by 1,045.4% during the first quarter. UniSuper Management Pty Ltd now owns 25,692 shares of the bank’s stock worth $932,000 after acquiring an additional 23,449 shares in the last quarter. CWM LLC grew its stake in Citizens Financial Group by 77.1% in the second quarter. CWM LLC now owns 40,699 shares of the bank’s stock valued at $1,466,000 after acquiring an additional 17,718 shares during the period. Finally, Quantbot Technologies LP bought a new stake in shares of Citizens Financial Group in the second quarter worth about $5,009,000. Institutional investors own 94.90% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Morgan Stanley boosted their price objective on Citizens Financial Group from $41.00 to $50.00 and gave the company an “equal weight” rating in a research report on Monday, August 5th. 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 lifted their target price on Citizens Financial Group from $46.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. Piper Sandler upped their price target on Citizens Financial Group from $45.00 to $48.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Finally, Evercore ISI lowered their price objective 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. Nine investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $43.80.

Citizens Financial Group Trading Up 0.2 %

CFG stock opened at $46.12 on Thursday. The company has a fifty day moving average price of $42.54 and a two-hundred day moving average price of $39.65. 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 stock has a market cap of $20.33 billion, a price-to-earnings ratio of 18.16, a price-to-earnings-growth ratio of 1.78 and a beta of 1.07. Citizens Financial Group, Inc. has a one year low of $26.13 and a one year high of $48.35.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings results on Wednesday, October 16th. The bank reported $0.79 earnings per share for the quarter, meeting the consensus estimate of $0.79. Citizens Financial Group had a net margin of 10.37% and a return on equity of 5.73%. The firm had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.94 billion. During the same period in the prior year, the firm earned $0.85 EPS. The business’s revenue was down 5.6% on a year-over-year basis. Equities analysts anticipate that Citizens Financial Group, Inc. will post 3.2 EPS for the current year.

Citizens Financial Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Wednesday, October 30th were paid a $0.42 dividend. The ex-dividend date of this dividend was Wednesday, October 30th. This represents a $1.68 annualized dividend and a yield of 3.64%. Citizens Financial Group’s dividend payout ratio (DPR) is presently 66.14%.

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.