Citizens Financial Group, Inc. (NYSE:CFG) Shares Sold by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. lessened its stake in Citizens Financial Group, Inc. (NYSE:CFG) by 3.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 11,596 shares of the bank’s stock after selling 358 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Citizens Financial Group were worth $476,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Capital International Investors increased its position in shares of Citizens Financial Group by 4.4% during the first quarter. Capital International Investors now owns 36,709,412 shares of the bank’s stock worth $1,332,185,000 after acquiring an additional 1,552,333 shares during the period. LSV Asset Management boosted its stake in Citizens Financial Group by 1.8% during the 2nd quarter. LSV Asset Management now owns 6,580,797 shares of the bank’s stock worth $237,106,000 after purchasing an additional 113,300 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Citizens Financial Group by 15.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,429,264 shares of the bank’s stock valued at $159,550,000 after purchasing an additional 587,115 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of Citizens Financial Group by 61.4% in the second quarter. AQR Capital Management LLC now owns 4,422,948 shares of the bank’s stock valued at $155,909,000 after acquiring an additional 1,682,886 shares in the last quarter. Finally, Nordea Investment Management AB lifted its holdings in shares of Citizens Financial Group by 15.3% in the 1st quarter. Nordea Investment Management AB now owns 3,625,128 shares of the bank’s stock valued at $130,722,000 after buying an additional 480,129 shares during the period. 94.90% of the stock is owned by institutional investors and hedge funds.

Citizens Financial Group Stock Up 3.0 %

CFG stock opened at $42.74 on Tuesday. The company has a 50 day moving average price of $41.48 and a two-hundred day moving average price of $38.41. 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 stock has a market capitalization of $19.45 billion, a P/E ratio of 15.49, a PEG ratio of 1.42 and a beta of 1.07. Citizens Financial Group, Inc. has a one year low of $22.81 and a one year high of $44.39.

Citizens Financial Group (NYSE:CFG) last released its earnings results on Wednesday, October 16th. The bank reported $0.79 EPS for the quarter, meeting the consensus estimate of $0.79. Citizens Financial Group had a return on equity of 6.21% and a net margin of 10.74%. The firm had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same period in the prior year, the firm posted $0.85 earnings per share. The business’s quarterly revenue was down 5.6% compared to the same quarter last year. As a group, sell-side analysts expect that Citizens Financial Group, Inc. will post 3.22 EPS for the current year.

Citizens Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 13th. Investors of record on Wednesday, October 30th will be given a $0.42 dividend. The ex-dividend date is Wednesday, October 30th. This represents a $1.68 annualized dividend and a dividend yield of 3.93%. Citizens Financial Group’s dividend payout ratio is presently 60.87%.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Jefferies Financial Group boosted their target price on shares of Citizens Financial Group from $36.00 to $37.00 and gave the stock a “hold” rating in a research report on Wednesday, July 3rd. Piper Sandler upped their target price on shares of Citizens Financial Group from $45.00 to $48.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Royal Bank of Canada lifted their price target on shares of Citizens Financial Group from $43.00 to $45.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Stephens upped their price target on Citizens Financial Group from $40.00 to $42.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. Finally, DA Davidson lifted their price objective on Citizens Financial Group from $46.00 to $48.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Nine research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Citizens Financial Group has an average rating of “Hold” and an average target price of $43.80.

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.