Allianz Asset Management GmbH Sells 34,429 Shares of Citizens Financial Group, Inc. $CFG

Allianz Asset Management GmbH lessened its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 6.0% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 538,330 shares of the bank’s stock after selling 34,429 shares during the quarter. Allianz Asset Management GmbH owned about 0.12% of Citizens Financial Group worth $28,618,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. GoalVest Advisory LLC boosted its holdings in shares of Citizens Financial Group by 16,900.0% during the second quarter. GoalVest Advisory LLC now owns 680 shares of the bank’s stock worth $30,000 after acquiring an additional 676 shares during the period. True Wealth Design LLC boosted its stake in Citizens Financial Group by 891.5% in the 3rd quarter. True Wealth Design LLC now owns 585 shares of the bank’s stock valued at $31,000 after purchasing an additional 526 shares during the period. REAP Financial Group LLC boosted its stake in Citizens Financial Group by 72.4% in the 2nd quarter. REAP Financial Group LLC now owns 736 shares of the bank’s stock valued at $33,000 after purchasing an additional 309 shares during the period. Capital A Wealth Management LLC grew its holdings in Citizens Financial Group by 3,970.0% in the 2nd quarter. Capital A Wealth Management LLC now owns 814 shares of the bank’s stock valued at $36,000 after buying an additional 794 shares in the last quarter. Finally, State of Wyoming bought a new position in Citizens Financial Group during the 2nd quarter worth $39,000. Institutional investors and hedge funds own 94.90% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on CFG shares. New Street Research set a $73.00 price target on shares of Citizens Financial Group in a research note on Thursday, January 22nd. Jefferies Financial Group reissued a “buy” rating and issued a $80.00 price objective on shares of Citizens Financial Group in a report on Wednesday, January 21st. The Goldman Sachs Group reaffirmed a “buy” rating and set a $73.00 target price on shares of Citizens Financial Group in a report on Tuesday, January 6th. Morgan Stanley lifted their price target on shares of Citizens Financial Group from $71.00 to $73.00 and gave the company an “overweight” rating in a research report on Thursday, January 22nd. Finally, TD Cowen increased their price target on Citizens Financial Group from $75.00 to $78.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $67.91.

Citizens Financial Group Stock Performance

Shares of NYSE:CFG opened at $66.58 on Friday. Citizens Financial Group, Inc. has a 1 year low of $32.60 and a 1 year high of $67.50. The stock has a market capitalization of $28.60 billion, a price-to-earnings ratio of 17.20, a price-to-earnings-growth ratio of 0.54 and a beta of 0.72. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.85 and a quick ratio of 0.84. The company’s 50 day simple moving average is $60.02 and its 200 day simple moving average is $54.09.

Citizens Financial Group (NYSE:CFG) last issued its earnings results on Wednesday, January 21st. The bank reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.02. Citizens Financial Group had a return on equity of 7.89% and a net margin of 15.19%.The firm had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter last year, the business posted $0.85 EPS. The company’s revenue was up 8.6% compared to the same quarter last year. As a group, research analysts predict that Citizens Financial Group, Inc. will post 3.92 EPS for the current fiscal year.

Citizens Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 18th. Shareholders of record on Wednesday, February 4th will be given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Wednesday, February 4th. Citizens Financial Group’s payout ratio is currently 47.55%.

Citizens Financial Group Company Profile

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.