Amalgamated Bank Has $3.64 Million Stock Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

Amalgamated Bank reduced its stake in Citizens Financial Group, Inc. (NYSE:CFG) by 38.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 88,507 shares of the bank’s stock after selling 56,162 shares during the period. Amalgamated Bank’s holdings in Citizens Financial Group were worth $3,635,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Catalyst Capital Advisors LLC acquired a new position in Citizens Financial Group in the 3rd quarter valued at about $28,000. Innealta Capital LLC acquired a new position in shares of Citizens Financial Group in the second quarter valued at approximately $25,000. Versant Capital Management Inc increased its stake in shares of Citizens Financial Group by 262.8% during the second quarter. Versant Capital Management Inc now owns 936 shares of the bank’s stock worth $34,000 after purchasing an additional 678 shares during the period. Private Ocean LLC lifted its holdings in Citizens Financial Group by 484.4% during the 2nd quarter. Private Ocean LLC now owns 1,011 shares of the bank’s stock worth $36,000 after purchasing an additional 838 shares during the last quarter. Finally, Friedenthal Financial bought a new stake in Citizens Financial Group in the 3rd quarter valued at $50,000. 94.90% of the stock is owned by institutional investors.

Citizens Financial Group Trading Down 0.5 %

Shares of Citizens Financial Group stock opened at $45.81 on Friday. The firm’s 50 day moving average is $41.73 and its 200 day moving average is $38.99. The firm has a market capitalization of $20.19 billion, a PE ratio of 18.04, a price-to-earnings-growth ratio of 1.84 and a beta of 1.07. Citizens Financial Group, Inc. has a 1 year low of $24.61 and a 1 year high of $48.35. 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 (NYSE:CFG) last posted its earnings results on Wednesday, October 16th. The bank reported $0.79 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.79. Citizens Financial Group had a net margin of 10.37% and a return on equity of 5.73%. The firm had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.94 billion. During the same quarter in the previous year, the firm posted $0.85 earnings per share. The company’s revenue was down 5.6% on a year-over-year basis. Equities research analysts forecast that Citizens Financial Group, Inc. will post 3.19 earnings per share for the current fiscal year.

Citizens Financial Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 13th. Stockholders of record on Wednesday, October 30th will be paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date is Wednesday, October 30th. Citizens Financial Group’s payout ratio is 66.14%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CFG. Evercore ISI dropped their target price on Citizens Financial Group from $47.00 to $46.00 and set an “in-line” rating for the company in a report on Wednesday, October 2nd. Piper Sandler boosted their price objective on shares of Citizens Financial Group from $45.00 to $48.00 and gave the company an “overweight” rating in a report on Friday, July 26th. Stephens raised their target price on shares of Citizens Financial Group from $40.00 to $42.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. Barclays boosted their price target on Citizens Financial Group from $40.00 to $47.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. Finally, UBS Group raised their price objective on Citizens Financial Group from $42.00 to $46.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Nine analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Citizens Financial Group presently has a consensus rating of “Hold” and an average price target of $43.80.

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.