Amalgamated Bank Sells 56,162 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Amalgamated Bank lowered its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 38.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 88,507 shares of the bank's stock after selling 56,162 shares during the quarter. Amalgamated Bank's holdings in Citizens Financial Group were worth $3,635,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Innealta Capital LLC bought a new position in shares of Citizens Financial Group in the second quarter worth about $25,000. Catalyst Capital Advisors LLC bought a new position in Citizens Financial Group in the 3rd quarter worth approximately $28,000. Versant Capital Management Inc lifted its holdings in shares of Citizens Financial Group by 262.8% during the second quarter. Versant Capital Management Inc now owns 936 shares of the bank's stock worth $34,000 after buying an additional 678 shares during the last quarter. Private Ocean LLC boosted its position in shares of Citizens Financial Group by 484.4% in the second quarter. Private Ocean LLC now owns 1,011 shares of the bank's stock valued at $36,000 after acquiring an additional 838 shares during the period. Finally, Ridgewood Investments LLC bought a new stake in shares of Citizens Financial Group in the second quarter valued at approximately $48,000. Institutional investors and hedge funds own 94.90% of the company's stock.

Citizens Financial Group Price Performance

Shares of NYSE:CFG traded down $0.22 on Friday, hitting $45.81. The stock had a trading volume of 6,097,550 shares, compared to its average volume of 5,135,417. The firm's 50 day moving average price is $41.73 and its 200-day moving average price is $39.01. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.86 and a current ratio of 0.87. Citizens Financial Group, Inc. has a twelve month low of $24.61 and a twelve month high of $48.35. The company has a market capitalization of $20.19 billion, a price-to-earnings ratio of 18.04, a price-to-earnings-growth ratio of 1.84 and a beta of 1.07.

Citizens Financial Group (NYSE:CFG - Get Free Report) last released its quarterly earnings results on Wednesday, October 16th. The bank reported $0.79 EPS for the quarter, meeting analysts' consensus estimates of $0.79. The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.94 billion. Citizens Financial Group had a net margin of 10.37% and a return on equity of 5.73%. The company's revenue for the quarter was down 5.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.85 earnings per share. On average, equities research analysts predict that Citizens Financial Group, Inc. will post 3.19 earnings per share for the current year.

Citizens Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 13th. Investors of record on Wednesday, October 30th will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, October 30th. This represents a $1.68 dividend on an annualized basis and a yield of 3.67%. Citizens Financial Group's dividend payout ratio (DPR) is presently 66.14%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. The Goldman Sachs Group upped their target price on shares of Citizens Financial Group from $43.00 to $49.00 and gave the company a "buy" rating in a research note on Thursday, July 18th. Evercore ISI cut their price objective on shares of Citizens Financial Group from $47.00 to $46.00 and set an "in-line" rating for the company in a research report on Wednesday, October 2nd. Royal Bank of Canada lifted their target price on Citizens Financial Group from $43.00 to $45.00 and gave the stock an "outperform" rating in a research report on Thursday, October 17th. Barclays boosted their price target on Citizens Financial Group from $40.00 to $47.00 and gave the company an "equal weight" rating in a research note on Thursday, October 17th. Finally, StockNews.com upgraded Citizens Financial Group from a "sell" rating to a "hold" rating in a research report on Thursday, October 17th. Nine equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $43.80.

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.