Natixis Sells 635,548 Shares of Citizens Financial Group Inc (NYSE:CFG)

Natixis lowered its stake in shares of Citizens Financial Group Inc (NYSE:CFG) by 63.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 364,232 shares of the bank’s stock after selling 635,548 shares during the period. Natixis owned approximately 0.08% of Citizens Financial Group worth $12,879,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in CFG. Mirova bought a new stake in Citizens Financial Group in the 2nd quarter valued at about $50,000. Pictet Asset Management Ltd. boosted its holdings in Citizens Financial Group by 0.6% in the second quarter. Pictet Asset Management Ltd. now owns 235,119 shares of the bank’s stock worth $8,314,000 after acquiring an additional 1,300 shares in the last quarter. Cibc World Markets Corp grew its stake in Citizens Financial Group by 30.7% in the second quarter. Cibc World Markets Corp now owns 79,654 shares of the bank’s stock valued at $2,817,000 after acquiring an additional 18,689 shares during the period. Meadow Creek Investment Management LLC grew its stake in Citizens Financial Group by 49.6% in the second quarter. Meadow Creek Investment Management LLC now owns 128,928 shares of the bank’s stock valued at $4,559,000 after acquiring an additional 42,738 shares during the period. Finally, Glen Harbor Capital Management LLC grew its stake in Citizens Financial Group by 49.6% in the second quarter. Glen Harbor Capital Management LLC now owns 83,424 shares of the bank’s stock valued at $2,950,000 after acquiring an additional 27,654 shares during the period. Hedge funds and other institutional investors own 96.78% of the company’s stock.

A number of equities analysts have recently weighed in on the company. Citigroup lowered Citizens Financial Group from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $40.00 to $35.00 in a research report on Friday, July 12th. Argus raised shares of Citizens Financial Group from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a research report on Monday, July 29th. JPMorgan Chase & Co. decreased their price target on shares of Citizens Financial Group from $41.50 to $40.50 and set an “overweight” rating for the company in a research note on Tuesday, July 9th. UBS Group downgraded shares of Citizens Financial Group from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $40.00 to $38.00 in a report on Wednesday, July 10th. Finally, Zacks Investment Research lowered shares of Citizens Financial Group from a “hold” rating to a “sell” rating and set a $37.00 price objective on the stock. in a research note on Friday, July 12th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $40.42.



Citizens Financial Group stock traded down $0.11 during trading on Wednesday, hitting $36.17. 2,732,115 shares of the company were exchanged, compared to its average volume of 3,786,053. The company has a market capitalization of $16.16 billion, a P/E ratio of 10.16, a PEG ratio of 1.72 and a beta of 1.47. The business’s 50 day moving average is $34.19 and its 200 day moving average is $34.81. Citizens Financial Group Inc has a 52 week low of $27.62 and a 52 week high of $41.27. The company has a current ratio of 0.96, a quick ratio of 0.95 and a debt-to-equity ratio of 0.55.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings data on Friday, July 19th. The bank reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.02. The business had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.62 billion. Citizens Financial Group had a return on equity of 8.94% and a net margin of 22.61%. During the same period last year, the business earned $0.88 EPS. Equities analysts expect that Citizens Financial Group Inc will post 3.82 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Wednesday, July 31st were issued a $0.36 dividend. The ex-dividend date was Tuesday, July 30th. This represents a $1.44 annualized dividend and a dividend yield of 3.98%. This is an increase from Citizens Financial Group’s previous quarterly dividend of $0.32. Citizens Financial Group’s dividend payout ratio is currently 40.45%.

In other news, Director Charles John Koch purchased 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The shares were bought at an average cost of $32.45 per share, with a total value of $486,750.00. Following the completion of the transaction, the director now directly owns 68,781 shares of the company’s stock, valued at $2,231,943.45. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.32% of the company’s stock.

About Citizens Financial Group

Citizens Financial Group, Inc operates as the bank holding company for Citizens Bank, National Association and Citizens Bank of Pennsylvania that provides retail and commercial banking products and services in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.

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Institutional Ownership by Quarter for Citizens Financial Group (NYSE:CFG)

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