Banco Bilbao Vizcaya Argentaria S.A. Sells 4,091 Shares of Citizens Financial Group, Inc. $CFG

Banco Bilbao Vizcaya Argentaria S.A. cut its stake in Citizens Financial Group, Inc. (NYSE:CFG) by 4.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 87,469 shares of the bank’s stock after selling 4,091 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Citizens Financial Group were worth $3,914,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Brookstone Capital Management boosted its position in shares of Citizens Financial Group by 2.9% during the second quarter. Brookstone Capital Management now owns 7,497 shares of the bank’s stock valued at $336,000 after purchasing an additional 214 shares in the last quarter. Lynx Investment Advisory lifted its position in Citizens Financial Group by 2.8% during the second quarter. Lynx Investment Advisory now owns 8,961 shares of the bank’s stock valued at $401,000 after buying an additional 243 shares during the period. NewEdge Advisors LLC boosted its holdings in shares of Citizens Financial Group by 2.4% during the 1st quarter. NewEdge Advisors LLC now owns 11,531 shares of the bank’s stock valued at $472,000 after buying an additional 274 shares in the last quarter. Old Port Advisors boosted its holdings in shares of Citizens Financial Group by 0.9% during the 1st quarter. Old Port Advisors now owns 32,767 shares of the bank’s stock valued at $1,342,000 after buying an additional 296 shares in the last quarter. Finally, REAP Financial Group LLC grew its position in shares of Citizens Financial Group by 72.4% in the 2nd quarter. REAP Financial Group LLC now owns 736 shares of the bank’s stock worth $33,000 after buying an additional 309 shares during the period. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Wall Street Analyst Weigh In

CFG has been the subject of a number of recent research reports. Truist Financial lowered their price target on shares of Citizens Financial Group from $58.00 to $56.00 and set a “hold” rating for the company in a research report on Friday, October 17th. DA Davidson reiterated a “buy” rating and set a $59.00 target price on shares of Citizens Financial Group in a report on Thursday, October 16th. Barclays boosted their price target on Citizens Financial Group from $55.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 16th. Morgan Stanley upgraded Citizens Financial Group from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $53.00 to $71.00 in a research note on Monday, September 29th. Finally, Raymond James Financial set a $62.00 target price on Citizens Financial Group and gave the stock a “strong-buy” rating in a report on Tuesday, October 7th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $56.57.

Citizens Financial Group Stock Up 0.1%

CFG stock opened at $51.74 on Friday. The stock has a market capitalization of $22.22 billion, a P/E ratio of 14.49, a P/E/G ratio of 0.55 and a beta of 0.82. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.85 and a quick ratio of 0.84. Citizens Financial Group, Inc. has a 1-year low of $32.60 and a 1-year high of $55.24. The business has a fifty day moving average price of $51.81 and a 200-day moving average price of $47.39.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings data on Wednesday, October 15th. The bank reported $1.05 EPS for the quarter, topping the consensus estimate of $1.03 by $0.02. Citizens Financial Group had a return on equity of 7.48% and a net margin of 14.17%.The company had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2.10 billion. During the same period last year, the company earned $0.79 EPS. Citizens Financial Group’s revenue for the quarter was up 11.4% on a year-over-year basis. Equities analysts forecast that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current fiscal year.

Citizens Financial Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 12th. Stockholders of record on Wednesday, October 29th were paid a $0.46 dividend. This is a boost from Citizens Financial Group’s previous quarterly dividend of $0.42. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date was Wednesday, October 29th. Citizens Financial Group’s dividend payout ratio (DPR) is presently 51.54%.

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.