Citizens Financial Group Inc. RI Sells 30,853 Shares of Citizens Financial Group, Inc. $CFG

Citizens Financial Group Inc. RI lowered its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 7.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 397,212 shares of the bank’s stock after selling 30,853 shares during the period. Citizens Financial Group Inc. RI owned about 0.09% of Citizens Financial Group worth $21,116,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in CFG. StoneX Group Inc. grew its stake in shares of Citizens Financial Group by 0.4% during the second quarter. StoneX Group Inc. now owns 60,307 shares of the bank’s stock valued at $2,699,000 after buying an additional 213 shares during the last quarter. Brookstone Capital Management boosted its holdings in Citizens Financial Group by 2.9% during the 2nd quarter. Brookstone Capital Management now owns 7,497 shares of the bank’s stock valued at $336,000 after acquiring an additional 214 shares during the period. Lynx Investment Advisory grew its position in Citizens Financial Group by 2.8% during the 2nd quarter. Lynx Investment Advisory now owns 8,961 shares of the bank’s stock worth $401,000 after acquiring an additional 243 shares during the last quarter. Gries Financial LLC increased its stake in Citizens Financial Group by 3.4% in the 3rd quarter. Gries Financial LLC now owns 7,331 shares of the bank’s stock worth $390,000 after purchasing an additional 243 shares during the period. Finally, Wealthspire Advisors LLC lifted its position in Citizens Financial Group by 2.3% in the second quarter. Wealthspire Advisors LLC now owns 11,570 shares of the bank’s stock valued at $518,000 after purchasing an additional 257 shares during the last quarter. 94.90% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on CFG shares. Citigroup raised shares of Citizens Financial Group from a “neutral” rating to an “overweight” rating in a research note on Monday, January 5th. Stephens restated an “overweight” rating and issued a $60.00 price objective on shares of Citizens Financial Group in a research report on Thursday, October 16th. Baird R W lowered shares of Citizens Financial Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 11th. Barclays set a $77.00 target price on Citizens Financial Group and gave the stock an “overweight” rating in a research note on Monday, January 5th. Finally, Morgan Stanley raised Citizens Financial Group from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $53.00 to $71.00 in a research report on Monday, September 29th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $60.33.

Citizens Financial Group Trading Down 1.2%

CFG opened at $60.51 on Monday. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.44. Citizens Financial Group, Inc. has a 52 week low of $32.60 and a 52 week high of $62.16. The stock has a market cap of $25.99 billion, a PE ratio of 16.95, a PEG ratio of 0.52 and a beta of 0.72. The business has a 50 day moving average of $55.90 and a 200-day moving average of $52.08.

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

Citizens Financial Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 12th. Investors of record on Wednesday, October 29th were paid a dividend of $0.46 per share. The ex-dividend date of this dividend was Wednesday, October 29th. This is an increase from Citizens Financial Group’s previous quarterly dividend of $0.42. This represents a $1.84 annualized dividend and a yield of 3.0%. Citizens Financial Group’s payout ratio is presently 51.54%.

About Citizens Financial Group

Citizens Financial Group, Inc (NYSE: CFG) is a bank holding company that provides a broad range of banking and financial services to individuals, small and middle-market businesses, corporations and institutional clients. Headquartered in Providence, Rhode Island, Citizens conducts its banking operations principally through its primary banking subsidiary, Citizens Bank, and serves customers through a combination of branch locations, ATMs and digital channels. The company is publicly traded and operates under the regulatory framework applicable to U.S.