Atom Investors LP Has $5.67 Million Stake in Citizens Financial Group, Inc. (NYSE:CFG)

Atom Investors LP reduced its stake in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 48.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 137,971 shares of the bank's stock after selling 131,131 shares during the period. Atom Investors LP's holdings in Citizens Financial Group were worth $5,666,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in CFG. Innealta Capital LLC purchased a new position in Citizens Financial Group in the 2nd quarter valued at about $25,000. Costello Asset Management INC purchased a new stake in shares of Citizens Financial Group during the third quarter worth about $25,000. Ashton Thomas Securities LLC acquired a new position in shares of Citizens Financial Group in the third quarter worth about $27,000. Catalyst Capital Advisors LLC purchased a new position in Citizens Financial Group in the third quarter valued at about $28,000. Finally, Versant Capital Management Inc grew its stake in Citizens Financial Group by 262.8% during the 2nd quarter. Versant Capital Management Inc now owns 936 shares of the bank's stock valued at $34,000 after purchasing an additional 678 shares in the last quarter. 94.90% of the stock is owned by hedge funds and other institutional investors.

Citizens Financial Group Stock Down 2.2 %

Shares of Citizens Financial Group stock traded down $1.05 on Monday, hitting $47.09. 4,491,091 shares of the company traded hands, compared to its average volume of 5,218,139. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.61. Citizens Financial Group, Inc. has a 12-month low of $27.97 and a 12-month high of $49.25. The company has a 50-day moving average price of $43.54 and a 200 day moving average price of $40.26. The company has a market cap of $20.75 billion, a PE ratio of 18.95, a PEG ratio of 1.83 and a beta of 1.07.

Citizens Financial Group (NYSE:CFG - Get Free Report) last posted its earnings results on Wednesday, October 16th. The bank reported $0.79 EPS for the quarter, hitting the consensus estimate of $0.79. Citizens Financial Group had a net margin of 10.37% and a return on equity of 5.73%. The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the prior year, the business posted $0.85 earnings per share. The business's quarterly revenue was down 5.6% on a year-over-year basis. Sell-side analysts predict that Citizens Financial Group, Inc. will post 3.2 earnings per share for the current year.

Citizens Financial Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Wednesday, October 30th were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date of this dividend was Wednesday, October 30th. Citizens Financial Group's dividend payout ratio (DPR) is currently 66.14%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on CFG shares. Evercore ISI decreased their price target 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. The Goldman Sachs Group boosted their target price on shares of Citizens Financial Group from $48.00 to $59.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Citigroup boosted their price objective on Citizens Financial Group from $50.00 to $58.00 and gave the company a "buy" rating in a report on Thursday, November 21st. Keefe, Bruyette & Woods upped their price target on 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. Finally, Barclays boosted their price objective on shares of Citizens Financial Group from $40.00 to $47.00 and gave the company an "equal weight" rating in a research report on Thursday, October 17th. Nine research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, Citizens Financial Group presently has a consensus rating of "Hold" and an average target price of $45.47.

Citizens Financial Group Company 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.