Systematic Financial Management LP Sells 900 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Systematic Financial Management LP lowered its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 1.1% during the third quarter, Holdings Channel reports. The fund owned 79,027 shares of the bank’s stock after selling 900 shares during the period. Systematic Financial Management LP’s holdings in Citizens Financial Group were worth $3,246,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Innealta Capital LLC bought a new stake in Citizens Financial Group in the 2nd quarter valued at $25,000. Costello Asset Management INC acquired a new position in shares of Citizens Financial Group during the 3rd quarter worth approximately $25,000. Ashton Thomas Securities LLC bought a new position in shares of Citizens Financial Group in the third quarter worth $27,000. Catalyst Capital Advisors LLC acquired a new stake in Citizens Financial Group in the third quarter valued at about $28,000. Finally, Private Ocean LLC lifted its stake in shares of Citizens Financial Group by 484.4% in the 2nd quarter. Private Ocean LLC now owns 1,011 shares of the bank’s stock valued at $36,000 after acquiring an additional 838 shares during the last quarter. Institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Trading Up 0.4 %

Shares of Citizens Financial Group stock opened at $46.77 on Friday. The firm’s 50 day simple moving average is $44.03 and its two-hundred day simple moving average is $40.49. The firm has a market capitalization of $20.61 billion, a price-to-earnings ratio of 18.41, a PEG ratio of 1.78 and a beta of 1.08. Citizens Financial Group, Inc. has a 12-month low of $28.72 and a 12-month high of $49.25. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.61.

Citizens Financial Group (NYSE:CFG) last posted its earnings results on Wednesday, October 16th. The bank reported $0.79 earnings per share (EPS) 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 during the quarter, compared to analysts’ expectations of $1.94 billion. During the same period in the previous year, the business posted $0.85 EPS. The business’s revenue was down 5.6% compared to the same quarter last year. Analysts predict that Citizens Financial Group, Inc. will post 3.2 EPS for the current year.

Citizens Financial Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Wednesday, October 30th were given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date of this dividend was Wednesday, October 30th. Citizens Financial Group’s dividend payout ratio is presently 66.14%.

Analyst Ratings Changes

A number of research firms recently commented on CFG. Piper Sandler lifted their price objective on Citizens Financial Group from $48.00 to $53.00 and gave the stock an “overweight” rating in a research note on Tuesday. StockNews.com upgraded Citizens Financial Group from a “sell” rating to a “hold” rating in a report on Thursday, October 17th. Citigroup boosted their target price on shares of Citizens Financial Group from $50.00 to $58.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Keefe, Bruyette & Woods upped their target price on Citizens Financial Group from $46.00 to $53.00 and gave the company a “market perform” rating in a report on Wednesday. Finally, The Goldman Sachs Group increased their price objective on Citizens Financial Group from $48.00 to $59.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Nine analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Citizens Financial Group presently has a consensus rating of “Hold” and an average target price of $46.27.

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.