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

AIA Group Ltd lowered its position in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 36.1% during the 3rd quarter, HoldingsChannel reports. The institutional investor 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 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of CFG. AQR Capital Management LLC raised its position in shares of Citizens Financial Group by 61.4% during the 2nd quarter. AQR Capital Management LLC now owns 4,422,948 shares of the bank’s stock valued at $155,909,000 after acquiring an additional 1,682,886 shares in the last quarter. Capital International Investors boosted its holdings in shares of Citizens Financial Group by 4.4% in the 1st quarter. Capital International Investors now owns 36,709,412 shares of the bank’s stock valued at $1,332,185,000 after buying an additional 1,552,333 shares during the period. Assenagon Asset Management S.A. grew its position in shares of Citizens Financial Group by 3,234.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,100,988 shares of the bank’s stock valued at $39,669,000 after buying an additional 1,067,971 shares during the last quarter. National Bank of Canada FI raised its stake in Citizens Financial Group by 680.1% during the second quarter. National Bank of Canada FI now owns 803,919 shares of the bank’s stock worth $28,804,000 after acquiring an additional 700,860 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in Citizens Financial Group by 15.3% in the second quarter. Dimensional Fund Advisors LP now owns 4,429,264 shares of the bank’s stock worth $159,550,000 after acquiring an additional 587,115 shares during the last quarter. Institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Stock Performance

NYSE:CFG opened at $45.83 on Friday. The company has a 50-day moving average of $41.73 and a 200-day moving average of $38.99. The firm has a market cap 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 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, Inc. has a twelve month low of $24.61 and a twelve month high of $48.35.

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

Citizens Financial Group Dividend Announcement

The business also recently announced 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 of this dividend is Wednesday, October 30th. Citizens Financial Group’s dividend payout ratio (DPR) is presently 66.14%.

Analyst Ratings Changes

Several equities analysts have recently commented on CFG shares. Keefe, Bruyette & Woods upped their target price on Citizens Financial Group from $42.00 to $46.00 and gave the company a “market perform” rating in a report on Monday, September 30th. Piper Sandler raised their target price on Citizens Financial Group from $45.00 to $48.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. The Goldman Sachs Group lifted their price objective on shares of Citizens Financial Group from $43.00 to $49.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. UBS Group upped their target price on shares of Citizens Financial Group from $42.00 to $46.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Finally, Morgan Stanley lifted their price target 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. Nine research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Citizens Financial Group has a consensus rating of “Hold” and an average target price of $43.80.

Citizens Financial Group 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.