Strategic Advisors LLC Sells 2,000 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Strategic Advisors LLC lessened its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 9.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,200 shares of the bank’s stock after selling 2,000 shares during the quarter. Strategic Advisors LLC’s holdings in Citizens Financial Group were worth $830,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Capital International Investors boosted its position in shares of Citizens Financial Group by 4.4% in the first quarter. Capital International Investors now owns 36,709,412 shares of the bank’s stock valued at $1,332,185,000 after acquiring an additional 1,552,333 shares during the period. LSV Asset Management boosted its position 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 acquiring an additional 113,300 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Citizens Financial Group by 15.3% in the second quarter. Dimensional Fund Advisors LP now owns 4,429,264 shares of the bank’s stock valued at $159,550,000 after acquiring an additional 587,115 shares during the period. AQR Capital Management LLC boosted its position 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 during the period. Finally, Nordea Investment Management AB boosted its position in shares of Citizens Financial Group by 15.3% in the first quarter. Nordea Investment Management AB now owns 3,625,128 shares of the bank’s stock valued at $130,722,000 after acquiring an additional 480,129 shares during the period. Institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Price Performance

Shares of CFG stock traded down $0.09 during trading hours on Thursday, hitting $41.38. 1,567,283 shares of the company’s stock were exchanged, compared to its average volume of 5,346,434. The company has a market capitalization of $18.83 billion, a PE ratio of 15.02, a PEG ratio of 1.43 and a beta of 1.07. Citizens Financial Group, Inc. has a 12-month low of $22.77 and a 12-month high of $43.96. The business’s 50 day simple moving average is $40.87 and its 200-day simple moving average is $37.73. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.60.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings results on Wednesday, July 17th. The bank reported $0.78 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.01). The business had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.95 billion. Citizens Financial Group had a return on equity of 6.21% and a net margin of 10.74%. The company’s revenue was down 6.3% compared to the same quarter last year. During the same period last year, the business posted $0.92 earnings per share. On average, equities research analysts anticipate that Citizens Financial Group, Inc. will post 3.24 earnings per share for the current year.

Citizens Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Wednesday, July 31st were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 4.06%. The ex-dividend date of this dividend was Wednesday, July 31st. Citizens Financial Group’s dividend payout ratio is 60.87%.

Insider Transactions at Citizens Financial Group

In other news, insider Craig Jack Read sold 3,938 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $43.26, for a total value of $170,357.88. Following the transaction, the insider now owns 33,620 shares in the company, valued at approximately $1,454,401.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.62% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on CFG shares. Jefferies Financial Group raised their price objective on shares of Citizens Financial Group from $36.00 to $37.00 and gave the company a “hold” rating in a research report on Wednesday, July 3rd. Raymond James started coverage on shares of Citizens Financial Group in a research report on Thursday, July 11th. They issued a “market perform” rating for the company. Keefe, Bruyette & Woods raised 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 research report on Monday, September 30th. StockNews.com downgraded shares of Citizens Financial Group from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, DA Davidson raised their target price on shares of Citizens Financial Group from $41.00 to $46.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. One analyst has rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Citizens Financial Group presently has an average rating of “Hold” and a consensus target price of $43.07.

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.