Systematic Financial Management LP Sells 900 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Systematic Financial Management LP reduced its position in Citizens Financial Group, Inc. (NYSE:CFG) by 1.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 79,027 shares of the bank’s stock after selling 900 shares during the period. Systematic Financial Management LP’s holdings in Citizens Financial Group were worth $3,246,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CFG. Citigroup increased their price target on shares of Citizens Financial Group from $50.00 to $58.00 and gave the company a “buy” rating in a report on Thursday, November 21st. The Goldman Sachs Group upped their price target on shares of Citizens Financial Group from $48.00 to $59.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Keefe, Bruyette & Woods increased their target price on shares of Citizens Financial Group from $46.00 to $53.00 and gave the company a “market perform” rating in a research report on Wednesday. StockNews.com raised Citizens Financial Group from a “sell” rating to a “hold” rating in a research report on Thursday, October 17th. Finally, Piper Sandler increased their price target on shares of Citizens Financial Group from $48.00 to $53.00 and gave the stock an “overweight” rating in a report on Tuesday. Nine investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $46.27.

Citizens Financial Group Stock Performance

Citizens Financial Group stock opened at $46.77 on Friday. The stock has a fifty day moving average price of $44.03 and a 200 day moving average price of $40.49. The firm has a market capitalization of $20.61 billion, a P/E ratio of 18.41, a PEG ratio of 1.78 and a beta of 1.08. 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 52 week low of $28.72 and a 52 week high of $49.25.

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

Citizens Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Wednesday, October 30th were given a $0.42 dividend. The ex-dividend date was Wednesday, October 30th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.59%. Citizens Financial Group’s dividend payout ratio is currently 66.14%.

About Citizens Financial Group

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.