Invst LLC Cuts Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

Invst LLC lowered its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 1.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,441 shares of the bank’s stock after selling 595 shares during the period. Invst LLC’s holdings in Citizens Financial Group were worth $1,866,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Innealta Capital LLC bought a new stake in shares of Citizens Financial Group in the 2nd quarter valued at about $25,000. Costello Asset Management INC purchased a new stake in Citizens Financial Group during the third quarter valued at approximately $25,000. Ashton Thomas Securities LLC acquired a new stake in Citizens Financial Group in the third quarter valued at approximately $27,000. Catalyst Capital Advisors LLC purchased a new position in Citizens Financial Group in the third quarter worth $28,000. Finally, Private Ocean LLC increased its position in shares of Citizens Financial Group by 484.4% during the second quarter. Private Ocean LLC now owns 1,011 shares of the bank’s stock worth $36,000 after purchasing an additional 838 shares in the last quarter. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Wall Street Analyst Weigh In

CFG has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods boosted their price target on Citizens Financial Group from $46.00 to $53.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. DA Davidson lifted their target price on Citizens Financial Group from $46.00 to $48.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Compass Point lifted their price objective on shares of Citizens Financial Group from $45.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday. The Goldman Sachs Group upped their price objective on shares of Citizens Financial Group from $48.00 to $59.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Finally, StockNews.com raised shares of Citizens Financial Group from a “sell” rating to a “hold” rating in a report on Thursday, October 17th. Nine investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, Citizens Financial Group presently has a consensus rating of “Moderate Buy” and an average target price of $46.94.

Citizens Financial Group Trading Up 1.0 %

Shares of NYSE:CFG opened at $46.42 on Wednesday. The firm has a market capitalization of $20.46 billion, a price-to-earnings ratio of 18.28, a price-to-earnings-growth ratio of 1.79 and a beta of 1.08. The business’s 50 day moving average price is $44.26 and its 200-day moving average price is $40.70. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.87 and a quick ratio of 0.86. Citizens Financial Group, Inc. has a 1 year low of $29.16 and a 1 year high of $49.25.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings data on Wednesday, October 16th. The bank reported $0.79 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.79. The business had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.94 billion. Citizens Financial Group had a net margin of 10.37% and a return on equity of 5.73%. The company’s revenue was down 5.6% compared to the same quarter last year. During the same period last year, the firm posted $0.85 earnings per share. On average, equities research analysts forecast that Citizens Financial Group, Inc. will post 3.2 earnings per share for the current fiscal year.

Citizens Financial Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Wednesday, October 30th were paid a dividend of $0.42 per share. The ex-dividend date was Wednesday, October 30th. This represents a $1.68 annualized dividend and a yield of 3.62%. Citizens Financial Group’s dividend payout ratio (DPR) is currently 66.14%.

Citizens Financial Group 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.