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

Quadrature Capital Ltd reduced its stake in Citizens Financial Group, Inc. (NYSE:CFG) by 26.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,801 shares of the bank’s stock after selling 10,468 shares during the period. Quadrature Capital Ltd’s holdings in Citizens Financial Group were worth $1,183,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Innealta Capital LLC purchased a new position in shares of Citizens Financial Group in the 2nd quarter valued at about $25,000. Costello Asset Management INC acquired a new stake in Citizens Financial Group in the third quarter valued at approximately $25,000. Ashton Thomas Securities LLC purchased a new position in Citizens Financial Group in the third quarter worth approximately $27,000. Catalyst Capital Advisors LLC acquired a new position in Citizens Financial Group during the 3rd quarter worth approximately $28,000. Finally, Private Ocean LLC increased its position 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 purchasing an additional 838 shares during the last quarter. 94.90% of the stock is currently owned by hedge funds and other institutional investors.

Citizens Financial Group Trading Up 0.6 %

NYSE CFG opened at $47.03 on Friday. The firm’s fifty day moving average is $44.03 and its two-hundred day moving average is $40.49. Citizens Financial Group, Inc. has a one year low of $28.77 and a one year high of $49.25. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.86 and a current ratio of 0.87. The firm has a market cap of $20.73 billion, a PE ratio of 18.52, a P/E/G ratio of 1.78 and a beta of 1.08.

Citizens Financial Group (NYSE:CFG) last issued its quarterly 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 return on equity of 5.73% and a net margin of 10.37%. The firm 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 EPS. The firm’s revenue for the quarter was down 5.6% on a year-over-year basis. Analysts expect that Citizens Financial Group, Inc. will post 3.2 earnings per share for the current year.

Citizens Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Wednesday, October 30th were issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 3.57%. The ex-dividend date of this dividend was Wednesday, October 30th. Citizens Financial Group’s dividend payout ratio is presently 66.14%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CFG. 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 note on Thursday, November 21st. Evercore ISI dropped their price objective on 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. Piper Sandler 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 Tuesday. Barclays upped their price target on Citizens Financial Group from $40.00 to $47.00 and gave the company an “equal weight” rating in a report on Thursday, October 17th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Citizens Financial Group from $46.00 to $53.00 and gave the stock a “market perform” rating in a report on Wednesday. Nine investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Citizens Financial Group currently has an average rating of “Hold” and a consensus target price of $46.27.

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.