GSA Capital Partners LLP Sells 33,955 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

GSA Capital Partners LLP lowered its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 73.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,554 shares of the bank’s stock after selling 33,955 shares during the period. GSA Capital Partners LLP’s holdings in Citizens Financial Group were worth $516,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of CFG. Orion Portfolio Solutions LLC boosted its stake in Citizens Financial Group by 20.6% during the first quarter. Orion Portfolio Solutions LLC now owns 31,986 shares of the bank’s stock worth $1,161,000 after acquiring an additional 5,459 shares in the last quarter. Intech Investment Management LLC purchased a new position in Citizens Financial Group in the first quarter worth about $201,000. UniSuper Management Pty Ltd raised its holdings in Citizens Financial Group by 1,045.4% in the first quarter. UniSuper Management Pty Ltd now owns 25,692 shares of the bank’s stock worth $932,000 after buying an additional 23,449 shares during the last quarter. Bessemer Group Inc. raised its holdings in Citizens Financial Group by 31.9% in the first quarter. Bessemer Group Inc. now owns 57,197 shares of the bank’s stock worth $2,075,000 after buying an additional 13,842 shares during the last quarter. Finally, Pitcairn Co. raised its holdings in Citizens Financial Group by 167.4% in the first quarter. Pitcairn Co. now owns 22,887 shares of the bank’s stock worth $831,000 after buying an additional 14,329 shares during the last quarter. Institutional investors own 94.90% of the company’s stock.

Analysts Set New Price Targets

CFG has been the subject of several research reports. Keefe, Bruyette & Woods boosted their price objective on shares of Citizens Financial Group from $42.00 to $46.00 and gave the company a “market perform” rating in a report on Monday, September 30th. 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. StockNews.com raised shares of Citizens Financial Group from a “sell” rating to a “hold” rating in a report on Thursday, October 17th. Evercore ISI reduced 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 report on Wednesday, October 2nd. Finally, Barclays upped their target price on shares of Citizens Financial Group from $40.00 to $47.00 and gave the company an “equal weight” rating in a report on Thursday, October 17th. Nine equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $43.80.

Citizens Financial Group Stock Down 1.2 %

Shares of CFG stock opened at $46.03 on Wednesday. The company has a market capitalization of $20.29 billion, a price-to-earnings ratio of 18.12, a PEG ratio of 1.78 and a beta of 1.07. Citizens Financial Group, Inc. has a one year low of $26.13 and a one year high of $48.35. The company’s fifty day moving average price is $42.41 and its 200-day moving average price is $39.61. 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 (NYSE:CFG) last posted its earnings results on Wednesday, October 16th. The bank reported $0.79 earnings per share for the quarter, meeting the consensus estimate of $0.79. The company had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.94 billion. Citizens Financial Group had a net margin of 10.37% and a return on equity of 5.73%. Citizens Financial Group’s quarterly revenue was down 5.6% on a year-over-year basis. During the same period last year, the company posted $0.85 earnings per share. Sell-side analysts expect that Citizens Financial Group, Inc. will post 3.2 EPS for the current fiscal year.

Citizens Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Wednesday, October 30th were paid 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 3.65%. Citizens Financial Group’s payout ratio is 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.