Foundry Partners LLC cut its holdings in Citizens Financial Group, Inc. (NYSE:CFG) by 0.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 395,129 shares of the bank’s stock after selling 2,425 shares during the period. Foundry Partners LLC owned 0.09% of Citizens Financial Group worth $18,563,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the company. Red Door Wealth Management LLC acquired a new stake in Citizens Financial Group in the 2nd quarter valued at $30,000. Bedel Financial Consulting Inc. lifted its position in shares of Citizens Financial Group by 235.8% during the second quarter. Bedel Financial Consulting Inc. now owns 712 shares of the bank’s stock worth $33,000 after purchasing an additional 500 shares during the last quarter. MUFG Americas Holdings Corp lifted its position in shares of Citizens Financial Group by 475.2% during the second quarter. MUFG Americas Holdings Corp now owns 811 shares of the bank’s stock worth $37,000 after purchasing an additional 670 shares during the last quarter. Canton Hathaway LLC bought a new position in shares of Citizens Financial Group during the third quarter worth about $37,000. Finally, Evermay Wealth Management LLC bought a new position in Citizens Financial Group in the second quarter worth about $41,000. Institutional investors and hedge funds own 91.26% of the company’s stock.
Shares of Citizens Financial Group stock opened at $51.04 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.89 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $21.75 billion, a price-to-earnings ratio of 10.25, a P/E/G ratio of 0.45 and a beta of 1.67. Citizens Financial Group, Inc. has a 1-year low of $32.58 and a 1-year high of $51.54. The firm’s 50-day moving average price is $48.11 and its two-hundred day moving average price is $46.45.
Citizens Financial Group (NYSE:CFG) last announced its earnings results on Tuesday, October 19th. The bank reported $1.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.16 by $0.02. Citizens Financial Group had a net margin of 31.99% and a return on equity of 10.99%. During the same quarter last year, the business earned $0.73 EPS. As a group, equities research analysts predict that Citizens Financial Group, Inc. will post 5.25 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, November 12th. Shareholders of record on Friday, October 29th were paid a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 3.06%. The ex-dividend date was Thursday, October 28th. Citizens Financial Group’s payout ratio is presently 31.33%.
A number of equities analysts have issued reports on CFG shares. Morgan Stanley began coverage on shares of Citizens Financial Group in a report on Wednesday. They issued an “overweight” rating and a $61.00 target price on the stock. Jefferies Financial Group raised their price objective on shares of Citizens Financial Group from $47.00 to $53.00 and gave the company a “hold” rating in a research note on Monday, October 11th. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Citizens Financial Group has a consensus rating of “Buy” and a consensus price target of $50.55.
Citizens Financial Group Company Profile
Citizens Financial Group, Inc engages in the provision of commercial banking services. It operates through the following segments: Consumer Banking and Commercial Banking. The Consumer Banking segment includes deposit products, mortgage and home equity lending, student loans, auto financing, credit cards, business loans, and wealth management and investment services.
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