Citizens Financial Group, Inc. (NYSE:CFG) Shares Sold by CANADA LIFE ASSURANCE Co

CANADA LIFE ASSURANCE Co reduced its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 7.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 406,452 shares of the bank’s stock after selling 32,902 shares during the period. CANADA LIFE ASSURANCE Co owned approximately 0.09% of Citizens Financial Group worth $14,760,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of CFG. Bessemer Group Inc. increased its position in Citizens Financial Group by 31.9% in the 1st quarter. Bessemer Group Inc. now owns 57,197 shares of the bank’s stock valued at $2,075,000 after acquiring an additional 13,842 shares during the period. UniSuper Management Pty Ltd increased its holdings in shares of Citizens Financial Group by 1,045.4% in the first quarter. UniSuper Management Pty Ltd now owns 25,692 shares of the bank’s stock valued at $932,000 after purchasing an additional 23,449 shares during the period. O Shaughnessy Asset Management LLC raised its stake in shares of Citizens Financial Group by 433.0% during the first quarter. O Shaughnessy Asset Management LLC now owns 210,648 shares of the bank’s stock worth $7,644,000 after purchasing an additional 171,127 shares during the last quarter. Rockport Wealth LLC acquired a new stake in shares of Citizens Financial Group during the first quarter worth $565,000. Finally, Ontario Teachers Pension Plan Board grew its position in Citizens Financial Group by 19.3% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 34,304 shares of the bank’s stock valued at $1,245,000 after buying an additional 5,559 shares during the last quarter. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Keefe, Bruyette & Woods raised their target price on shares of Citizens Financial Group from $39.00 to $40.00 and gave the stock a “market perform” rating in a research note on Tuesday, July 9th. Wedbush lowered their price objective on Citizens Financial Group from $38.00 to $35.00 and set a “neutral” rating on the stock in a report on Thursday, April 18th. Citigroup raised their target price on Citizens Financial Group from $39.00 to $43.00 and gave the company a “buy” rating in a report on Friday, April 19th. UBS Group lifted their price target on shares of Citizens Financial Group from $42.00 to $46.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Finally, Argus raised their price objective on Citizens Financial Group from $36.00 to $39.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Ten investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $41.13.

Citizens Financial Group Trading Up 2.2 %

Shares of CFG traded up $0.93 during trading hours on Thursday, hitting $43.15. The stock had a trading volume of 4,898,367 shares, compared to its average volume of 5,473,652. The firm has a market cap of $19.63 billion, a P/E ratio of 15.58, a P/E/G ratio of 1.47 and a beta of 1.10. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.86 and a current ratio of 0.87. The company’s fifty day simple moving average is $36.22 and its 200 day simple moving average is $34.46. Citizens Financial Group, Inc. has a 12-month low of $22.77 and a 12-month high of $43.73.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings data on Wednesday, July 17th. The bank reported $0.78 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.01). Citizens Financial Group had a net margin of 10.74% and a return on equity of 6.21%. The company had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.95 billion. During the same period last year, the business earned $0.92 earnings per share. The company’s revenue for the quarter was down 6.3% compared to the same quarter last year. Equities research analysts forecast that Citizens Financial Group, Inc. will post 3.24 EPS for the current fiscal year.

Citizens Financial Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 14th. Shareholders of record on Wednesday, July 31st will be given a $0.42 dividend. The ex-dividend date is Wednesday, July 31st. This represents a $1.68 dividend on an annualized basis and a yield of 3.89%. Citizens Financial Group’s payout ratio is currently 60.87%.

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.