Aberdeen Group plc Sells 11,217 Shares of Citizens Financial Group, Inc. $CFG

Aberdeen Group plc reduced its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 3.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 320,843 shares of the bank’s stock after selling 11,217 shares during the quarter. Aberdeen Group plc owned approximately 0.07% of Citizens Financial Group worth $17,213,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. NewEdge Advisors LLC grew its holdings in Citizens Financial Group by 2.4% during the first quarter. NewEdge Advisors LLC now owns 11,531 shares of the bank’s stock valued at $472,000 after purchasing an additional 274 shares during the period. Empowered Funds LLC lifted its position in shares of Citizens Financial Group by 6.7% during the first quarter. Empowered Funds LLC now owns 8,838 shares of the bank’s stock worth $362,000 after acquiring an additional 554 shares in the last quarter. Woodline Partners LP boosted its stake in Citizens Financial Group by 39.5% in the 1st quarter. Woodline Partners LP now owns 36,932 shares of the bank’s stock worth $1,513,000 after purchasing an additional 10,466 shares during the period. Sivia Capital Partners LLC boosted its position in shares of Citizens Financial Group by 93.4% in the second quarter. Sivia Capital Partners LLC now owns 9,814 shares of the bank’s stock valued at $439,000 after acquiring an additional 4,739 shares during the period. Finally, Chicago Partners Investment Group LLC bought a new position in Citizens Financial Group in the 2nd quarter valued at $419,000. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Wall Street Analysts Forecast Growth

CFG has been the subject of several recent analyst reports. TD Cowen boosted their price objective on Citizens Financial Group from $75.00 to $78.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Raymond James Financial lowered Citizens Financial Group from a “strong-buy” rating to an “outperform” rating and increased their price objective for the company from $62.00 to $66.00 in a research note on Wednesday, January 7th. Argus upped their price objective on shares of Citizens Financial Group from $60.00 to $72.00 and gave the company a “buy” rating in a research note on Friday, January 23rd. New Street Research set a $73.00 price target on Citizens Financial Group in a research note on Thursday, January 22nd. Finally, DA Davidson increased their target price on Citizens Financial Group from $65.00 to $73.00 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 given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $68.77.

Citizens Financial Group Stock Up 1.3%

Shares of Citizens Financial Group stock opened at $65.20 on Thursday. The company has a 50-day simple moving average of $61.91 and a two-hundred day simple moving average of $55.22. The stock has a market capitalization of $27.71 billion, a PE ratio of 16.85, a price-to-earnings-growth ratio of 0.52 and a beta of 0.72. Citizens Financial Group, Inc. has a 52-week low of $32.60 and a 52-week high of $68.79. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.84 and a current ratio of 0.85.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings results on Wednesday, January 21st. The bank reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.02. Citizens Financial Group had a net margin of 15.19% and a return on equity of 7.81%. The company had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter last year, the firm earned $0.85 earnings per share. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. On average, analysts anticipate 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 was paid on Wednesday, February 18th. Shareholders of record on Wednesday, February 4th were given a $0.46 dividend. The ex-dividend date of this dividend was Wednesday, February 4th. This represents a $1.84 dividend on an annualized basis and a yield of 2.8%. Citizens Financial Group’s payout ratio is 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.