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

Citizens Financial Group Inc. RI trimmed its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 3.9% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 461,271 shares of the bank’s stock after selling 18,717 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in Citizens Financial Group were worth $18,944,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Innealta Capital LLC bought a new stake in Citizens Financial Group during the second quarter worth about $25,000. Costello Asset Management INC bought a new position in Citizens Financial Group in the third quarter valued at approximately $25,000. Ashton Thomas Securities LLC acquired a new position in Citizens Financial Group during the third quarter valued at approximately $27,000. Catalyst Capital Advisors LLC acquired a new position in Citizens Financial Group during the third quarter valued at approximately $28,000. Finally, Versant Capital Management Inc boosted its holdings in shares of Citizens Financial Group by 262.8% in the 2nd quarter. Versant Capital Management Inc now owns 936 shares of the bank’s stock valued at $34,000 after purchasing an additional 678 shares in the last quarter. 94.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on CFG shares. Keefe, Bruyette & Woods upped their price objective on Citizens Financial Group from $42.00 to $46.00 and gave the stock a “market perform” rating in a research report on Monday, September 30th. Morgan Stanley raised their price target on shares of Citizens Financial Group from $41.00 to $50.00 and gave the company an “equal weight” rating in a research note on Monday, August 5th. DA Davidson upped their price objective on shares of Citizens Financial Group from $46.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. Piper Sandler raised their target price on shares of Citizens Financial Group from $45.00 to $48.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. Finally, StockNews.com upgraded shares of Citizens Financial Group from a “sell” rating to a “hold” rating in a report on Thursday, October 17th. Nine equities research 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, the company presently has a consensus rating of “Hold” and an average target price of $43.80.

Citizens Financial Group Stock Up 0.2 %

Shares of NYSE CFG opened at $46.12 on Thursday. The company’s 50 day moving average price is $42.54 and its 200-day moving average price is $39.65. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.86 and a current ratio of 0.87. Citizens Financial Group, Inc. has a 52-week low of $26.13 and a 52-week high of $48.35. The company has a market capitalization of $20.33 billion, a P/E ratio of 18.16, a price-to-earnings-growth ratio of 1.78 and a beta of 1.07.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings results on Wednesday, October 16th. The bank reported $0.79 EPS for the quarter, meeting analysts’ consensus estimates of $0.79. Citizens Financial Group had a net margin of 10.37% and a return on equity of 5.73%. 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 prior year, the firm posted $0.85 earnings per share. The business’s quarterly revenue was down 5.6% compared to the same quarter last year. Equities analysts forecast that Citizens Financial Group, Inc. will post 3.2 earnings per share for the current year.

Citizens Financial Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Wednesday, October 30th were issued a $0.42 dividend. The ex-dividend date of this dividend was Wednesday, October 30th. This represents a $1.68 dividend on an annualized basis and a yield of 3.64%. Citizens Financial Group’s payout ratio is currently 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.