Janney Montgomery Scott LLC Sells 3,256 Shares of Citizens Financial Group Inc (NYSE:CFG)

Janney Montgomery Scott LLC decreased its position in Citizens Financial Group Inc (NYSE:CFG) by 20.0% in the 3rd quarter, HoldingsChannel reports. The fund owned 13,052 shares of the bank’s stock after selling 3,256 shares during the period. Janney Montgomery Scott LLC’s holdings in Citizens Financial Group were worth $462,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Coastal Investment Advisors Inc. raised its holdings in Citizens Financial Group by 19.3% in the 2nd quarter. Coastal Investment Advisors Inc. now owns 2,055 shares of the bank’s stock valued at $73,000 after acquiring an additional 333 shares in the last quarter. First Interstate Bank raised its holdings in Citizens Financial Group by 13.8% in the 2nd quarter. First Interstate Bank now owns 2,746 shares of the bank’s stock valued at $97,000 after acquiring an additional 334 shares in the last quarter. Valeo Financial Advisors LLC raised its holdings in Citizens Financial Group by 11.1% in the 3rd quarter. Valeo Financial Advisors LLC now owns 3,578 shares of the bank’s stock valued at $127,000 after acquiring an additional 357 shares in the last quarter. RKL Wealth Management LLC raised its holdings in Citizens Financial Group by 1.1% in the 2nd quarter. RKL Wealth Management LLC now owns 33,681 shares of the bank’s stock valued at $1,189,000 after acquiring an additional 365 shares in the last quarter. Finally, Huntington National Bank raised its holdings in Citizens Financial Group by 18.1% in the 2nd quarter. Huntington National Bank now owns 2,538 shares of the bank’s stock valued at $90,000 after acquiring an additional 389 shares in the last quarter. 96.15% of the stock is owned by hedge funds and other institutional investors.

In other Citizens Financial Group news, Director Charles John Koch purchased 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The stock was purchased at an average cost of $32.45 per share, with a total value of $486,750.00. Following the acquisition, the director now directly owns 68,781 shares of the company’s stock, valued at approximately $2,231,943.45. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.32% of the company’s stock.

A number of equities analysts have recently issued reports on CFG shares. Morgan Stanley dropped their target price on Citizens Financial Group from $43.00 to $42.00 and set an “overweight” rating for the company in a report on Thursday, October 3rd. Zacks Investment Research raised Citizens Financial Group from a “strong sell” rating to a “hold” rating and set a $30.00 target price for the company in a report on Wednesday, October 23rd. JPMorgan Chase & Co. dropped their target price on Citizens Financial Group from $42.00 to $39.50 and set an “overweight” rating for the company in a report on Thursday, October 10th. Citigroup cut Citizens Financial Group from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $39.00 to $32.00 in a report on Tuesday, October 8th. Finally, Argus raised Citizens Financial Group from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a report on Monday, July 29th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company’s stock. Citizens Financial Group presently has a consensus rating of “Hold” and an average target price of $38.65.

Shares of CFG opened at $37.57 on Friday. Citizens Financial Group Inc has a 1 year low of $27.62 and a 1 year high of $38.63. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 0.62. The stock has a 50 day simple moving average of $35.57 and a 200-day simple moving average of $35.06. The stock has a market cap of $16.69 billion, a PE ratio of 10.55, a PEG ratio of 1.66 and a beta of 1.48.

Citizens Financial Group (NYSE:CFG) last issued its earnings results on Friday, October 18th. The bank reported $0.98 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.02. Citizens Financial Group had a return on equity of 8.85% and a net margin of 22.29%. The business had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.62 billion. During the same period in the prior year, the firm posted $0.93 EPS. Citizens Financial Group’s quarterly revenue was up 4.7% compared to the same quarter last year. On average, sell-side analysts forecast that Citizens Financial Group Inc will post 3.81 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Wednesday, October 30th were issued a dividend of $0.36 per share. The ex-dividend date of this dividend was Tuesday, October 29th. This represents a $1.44 dividend on an annualized basis and a yield of 3.83%. Citizens Financial Group’s dividend payout ratio is 40.45%.

Citizens Financial Group Company Profile

Citizens Financial Group, Inc operates as the bank holding company for Citizens Bank, National Association and Citizens Bank of Pennsylvania that provides retail and commercial banking products and services in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.

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Institutional Ownership by Quarter for Citizens Financial Group (NYSE:CFG)

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