Citizens Financial Group, Inc. (NYSE:CFG) Shares Sold by MML Investors Services LLC

MML Investors Services LLC decreased its position in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 0.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,846 shares of the bank’s stock after selling 242 shares during the quarter. MML Investors Services LLC’s holdings in Citizens Financial Group were worth $2,211,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Innealta Capital LLC acquired a new stake in Citizens Financial Group during the second quarter valued at $25,000. Costello Asset Management INC purchased a new position in Citizens Financial Group during the third quarter worth approximately $25,000. Ashton Thomas Securities LLC acquired a new position in shares of Citizens Financial Group during the 3rd quarter worth approximately $27,000. Catalyst Capital Advisors LLC purchased a new position in shares of Citizens Financial Group during the 3rd quarter valued at approximately $28,000. Finally, Private Ocean LLC increased its holdings in Citizens Financial Group by 484.4% in the 2nd quarter. Private Ocean LLC now owns 1,011 shares of the bank’s stock worth $36,000 after acquiring an additional 838 shares in the last quarter. 94.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have 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. Barclays lifted their price target on Citizens Financial Group from $40.00 to $47.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 17th. 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 research note on Tuesday, November 26th. Evercore ISI reduced their target price on shares of Citizens Financial Group from $47.00 to $46.00 and set an “in-line” rating for the company in a research report on Wednesday, October 2nd. Finally, Royal Bank of Canada boosted their price target on shares of Citizens Financial Group from $43.00 to $45.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. Nine research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Citizens Financial Group has a consensus rating of “Moderate Buy” and a consensus target price of $46.94.

Citizens Financial Group Price Performance

NYSE:CFG opened at $45.69 on Tuesday. Citizens Financial Group, Inc. has a 52 week low of $30.24 and a 52 week high of $49.25. The stock’s fifty day moving average is $44.80 and its two-hundred day moving average is $41.10. The company has a market capitalization of $20.14 billion, a P/E ratio of 17.99, a P/E/G ratio of 1.76 and a beta of 1.08. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.61.

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

Citizens Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Wednesday, October 30th were given a dividend of $0.42 per share. The ex-dividend date of this dividend was Wednesday, October 30th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.68%. Citizens Financial Group’s payout ratio is currently 66.14%.

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.