Fmr LLC Has $164.33 Million Stock Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

Fmr LLC reduced its holdings in Citizens Financial Group, Inc. (NYSE:CFG) by 49.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 4,001,206 shares of the bank’s stock after selling 3,907,184 shares during the quarter. Fmr LLC owned approximately 0.91% of Citizens Financial Group worth $164,330,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. LSV Asset Management lifted its stake in shares of Citizens Financial Group by 1.8% in the second quarter. LSV Asset Management now owns 6,580,797 shares of the bank’s stock valued at $237,106,000 after buying an additional 113,300 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in 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 worth $159,550,000 after purchasing an additional 587,115 shares in the last quarter. AQR Capital Management LLC boosted its stake in Citizens Financial Group by 61.4% during the second quarter. AQR Capital Management LLC now owns 4,422,948 shares of the bank’s stock valued at $155,909,000 after buying an additional 1,682,886 shares during the period. Hsbc Holdings PLC increased its position in shares of Citizens Financial Group by 1.7% in the second quarter. Hsbc Holdings PLC now owns 2,764,090 shares of the bank’s stock worth $99,448,000 after purchasing an additional 45,038 shares during the last quarter. Finally, Bank of Montreal Can raised its position in shares of Citizens Financial Group by 51.1% during the 3rd quarter. Bank of Montreal Can now owns 2,644,542 shares of the bank’s stock valued at $107,897,000 after buying an additional 894,322 shares in the last quarter. Institutional investors and hedge funds own 94.90% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. StockNews.com upgraded Citizens Financial Group from a “sell” rating to a “hold” rating in a report on Thursday, October 17th. Keefe, Bruyette & Woods increased their price target on shares of Citizens Financial Group from $42.00 to $46.00 and gave the company a “market perform” rating in a research report on Monday, September 30th. DA Davidson boosted their price objective on shares of Citizens Financial Group from $46.00 to $48.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. The Goldman Sachs Group increased their target price 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, Barclays boosted their price target on shares of Citizens Financial Group from $40.00 to $47.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 17th. Nine investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Citizens Financial Group currently has a consensus rating of “Hold” and a consensus target price of $45.80.

Citizens Financial Group Stock Performance

Shares of CFG stock opened at $46.78 on Wednesday. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.61. The stock has a fifty day moving average of $43.78 and a 200 day moving average of $40.41. The firm has a market capitalization of $20.62 billion, a price-to-earnings ratio of 18.42, a PEG ratio of 1.79 and a beta of 1.08. Citizens Financial Group, Inc. has a 52 week low of $27.97 and a 52 week high of $49.25.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings results on Wednesday, October 16th. The bank reported $0.79 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.79. The company had revenue of $1.90 billion for 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 quarter in the previous year, the company earned $0.85 earnings per share. As a group, research analysts expect that Citizens Financial Group, Inc. will post 3.2 earnings per share for the current 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 given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 3.59%. The ex-dividend date of this dividend was Wednesday, October 30th. Citizens Financial Group’s dividend payout ratio is currently 66.14%.

Citizens Financial Group Company 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.