MetLife Investment Management LLC Sells 4,777 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

MetLife Investment Management LLC lowered its holdings in Citizens Financial Group, Inc. (NYSE:CFG) by 3.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 116,622 shares of the bank’s stock after selling 4,777 shares during the period. MetLife Investment Management LLC’s holdings in Citizens Financial Group were worth $4,790,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CFG. Versor Investments LP bought a new position in shares of Citizens Financial Group in the 3rd quarter valued at about $1,910,000. CWM LLC increased its position in shares of Citizens Financial Group by 77.1% during the 2nd quarter. CWM LLC now owns 40,699 shares of the bank’s stock worth $1,466,000 after purchasing an additional 17,718 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of Citizens Financial Group during the 2nd quarter worth approximately $5,009,000. Andra AP fonden boosted its holdings in shares of Citizens Financial Group by 49.1% in the 2nd quarter. Andra AP fonden now owns 308,300 shares of the bank’s stock valued at $11,108,000 after buying an additional 101,500 shares during the last quarter. Finally, Pathstone Holdings LLC grew its stake in shares of Citizens Financial Group by 7.7% in the third quarter. Pathstone Holdings LLC now owns 154,546 shares of the bank’s stock valued at $6,347,000 after buying an additional 11,044 shares in the last quarter. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Citizens Financial Group Stock Down 0.0 %

Shares of CFG opened at $48.14 on Monday. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.61. Citizens Financial Group, Inc. has a 12 month low of $26.99 and a 12 month high of $49.25. The firm’s 50 day moving average is $43.54 and its 200-day moving average is $40.26. The stock has a market capitalization of $21.22 billion, a PE ratio of 18.95, a P/E/G ratio of 1.83 and a beta of 1.07.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings data on Wednesday, October 16th. The bank reported $0.79 EPS for the quarter, hitting analysts’ consensus estimates of $0.79. The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.94 billion. Citizens Financial Group had a return on equity of 5.73% and a net margin of 10.37%. The company’s revenue was down 5.6% on a year-over-year basis. During the same quarter last year, the company earned $0.85 EPS. Equities research analysts forecast that Citizens Financial Group, Inc. will post 3.2 EPS for the current year.

Citizens Financial Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Wednesday, October 30th were given a dividend of $0.42 per share. The ex-dividend date of this dividend was Wednesday, October 30th. This represents a $1.68 annualized dividend and a yield of 3.49%. Citizens Financial Group’s dividend payout ratio is 66.14%.

Analyst Ratings Changes

A number of analysts have commented on CFG shares. The Goldman Sachs Group increased their price target on shares of Citizens Financial Group from $48.00 to $59.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Evercore ISI cut their target price on shares of Citizens Financial Group from $47.00 to $46.00 and set an “in-line” rating for the company in a research note on Wednesday, October 2nd. Citigroup boosted their price target on Citizens Financial Group from $50.00 to $58.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Barclays raised their price objective on Citizens Financial Group from $40.00 to $47.00 and gave the company an “equal weight” rating in a research report on Thursday, October 17th. Finally, Royal Bank of Canada boosted their target price on Citizens Financial Group from $43.00 to $45.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Nine equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Citizens Financial Group presently has a consensus rating of “Hold” and a consensus price target of $45.47.

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.