Citizens Financial Group, Inc. $CFG Shares Sold by Ethic Inc.

Ethic Inc. decreased its holdings in Citizens Financial Group, Inc. (NYSE:CFG) by 13.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 47,156 shares of the bank’s stock after selling 7,639 shares during the quarter. Ethic Inc.’s holdings in Citizens Financial Group were worth $2,095,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of CFG. Asset Management One Co. Ltd. raised its holdings in Citizens Financial Group by 12.3% in the 1st quarter. Asset Management One Co. Ltd. now owns 180,889 shares of the bank’s stock worth $7,411,000 after purchasing an additional 19,847 shares during the period. Lecap Asset Management Ltd. acquired a new position in Citizens Financial Group in the 1st quarter worth about $593,000. Golden State Wealth Management LLC raised its holdings in Citizens Financial Group by 370.5% in the 1st quarter. Golden State Wealth Management LLC now owns 2,150 shares of the bank’s stock worth $88,000 after purchasing an additional 1,693 shares during the period. Sequoia Financial Advisors LLC raised its holdings in Citizens Financial Group by 8.0% in the 1st quarter. Sequoia Financial Advisors LLC now owns 24,714 shares of the bank’s stock worth $1,013,000 after purchasing an additional 1,838 shares during the period. Finally, Robeco Institutional Asset Management B.V. raised its holdings in Citizens Financial Group by 425.7% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 26,104 shares of the bank’s stock worth $1,069,000 after purchasing an additional 21,138 shares during the period. Institutional investors and hedge funds own 94.90% of the company’s stock.

Citizens Financial Group Price Performance

Shares of Citizens Financial Group stock opened at $52.22 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.85 and a quick ratio of 0.84. The business has a 50 day simple moving average of $51.64 and a two-hundred day simple moving average of $45.64. The stock has a market capitalization of $22.52 billion, a P/E ratio of 14.63, a PEG ratio of 0.54 and a beta of 0.79. Citizens Financial Group, Inc. has a 12 month low of $32.60 and a 12 month high of $55.24.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings results on Wednesday, October 15th. The bank reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.02. The business had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2.10 billion. Citizens Financial Group had a return on equity of 7.48% and a net margin of 14.17%.The business’s revenue was up 11.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.79 earnings per share. As a group, analysts predict that Citizens Financial Group, Inc. will post 3.92 EPS for the current fiscal year.

Citizens Financial Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 12th. Stockholders of record on Wednesday, October 29th will be given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.5%. This is a boost from Citizens Financial Group’s previous quarterly dividend of $0.42. The ex-dividend date is Wednesday, October 29th. Citizens Financial Group’s dividend payout ratio (DPR) is currently 51.54%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on CFG shares. Raymond James Financial set a $62.00 price target on Citizens Financial Group and gave the stock a “strong-buy” rating in a report on Tuesday, October 7th. Wells Fargo & Company set a $57.00 target price on Citizens Financial Group in a report on Wednesday, July 2nd. Cantor Fitzgerald assumed coverage on Citizens Financial Group in a report on Wednesday, September 10th. They set an “overweight” rating and a $61.00 target price for the company. Bank of America raised Citizens Financial Group from a “neutral” rating to a “buy” rating and increased their target price for the company from $52.00 to $65.00 in a report on Thursday, October 9th. Finally, JPMorgan Chase & Co. raised Citizens Financial Group from a “neutral” rating to an “overweight” rating and increased their target price for the company from $48.50 to $52.00 in a report on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Citizens Financial Group has a consensus rating of “Moderate Buy” and an average target price of $56.57.

About Citizens Financial Group

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.