Charles Schwab Investment Management Inc. Trims Stock Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

Charles Schwab Investment Management Inc. reduced its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 2.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,137,702 shares of the bank's stock after selling 168,977 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.62% of Citizens Financial Group worth $293,145,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Canada Pension Plan Investment Board boosted its position in Citizens Financial Group by 101.6% during the first quarter. Canada Pension Plan Investment Board now owns 761,679 shares of the bank's stock worth $27,641,000 after purchasing an additional 383,947 shares during the period. Versor Investments LP purchased a new position in Citizens Financial Group in the 3rd quarter valued at approximately $1,910,000. CWM LLC grew its stake in Citizens Financial Group by 77.1% in the 2nd quarter. CWM LLC now owns 40,699 shares of the bank's stock valued at $1,466,000 after buying an additional 17,718 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of Citizens Financial Group during the second quarter worth $5,009,000. Finally, Andra AP fonden lifted its position in shares of Citizens Financial Group by 49.1% during the second quarter. Andra AP fonden now owns 308,300 shares of the bank's stock worth $11,108,000 after acquiring an additional 101,500 shares in the last quarter. 94.90% of the stock is currently owned by institutional investors.

Citizens Financial Group Trading Up 1.9 %

Shares of Citizens Financial Group stock traded up $0.88 during trading on Friday, reaching $47.65. 2,761,022 shares of the stock were exchanged, compared to its average volume of 4,305,127. Citizens Financial Group, Inc. has a 1 year low of $26.13 and a 1 year high of $48.35. The firm has a market cap of $21.00 billion, a price-to-earnings ratio of 18.76, a price-to-earnings-growth ratio of 1.78 and a beta of 1.07. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.61. The stock's fifty day moving average is $42.83 and its 200 day moving average is $39.79.

Citizens Financial Group (NYSE:CFG - Get Free Report) last issued its quarterly earnings data on Wednesday, October 16th. The bank reported $0.79 earnings per share for the quarter, hitting 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 return on equity of 5.73% and a net margin of 10.37%. The business's quarterly revenue was down 5.6% compared to the same quarter last year. During the same period last year, the company earned $0.85 EPS. As a group, equities research analysts expect that Citizens Financial Group, Inc. will post 3.2 earnings per share for the current fiscal year.

Citizens Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Wednesday, October 30th were given a $0.42 dividend. The ex-dividend date was Wednesday, October 30th. This represents a $1.68 annualized dividend and a dividend yield of 3.53%. Citizens Financial Group's dividend payout ratio is 66.14%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on CFG shares. DA Davidson lifted their price target on Citizens Financial Group from $46.00 to $48.00 and gave the company a "buy" rating in a research report on Thursday, October 17th. Barclays upped their price target on 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. Royal Bank of Canada raised their price objective on shares of Citizens Financial Group from $43.00 to $45.00 and gave the company an "outperform" rating in a research report on Thursday, October 17th. StockNews.com raised shares of Citizens Financial Group from a "sell" rating to a "hold" rating in a research note on Thursday, October 17th. Finally, Piper Sandler upped their price target on shares of Citizens Financial Group from $45.00 to $48.00 and gave the stock an "overweight" rating in a report on Friday, July 26th. Nine analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Citizens Financial Group has an average rating of "Hold" and an average price target of $44.80.

Citizens Financial Group 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.