Citizens Financial Group, Inc. (NYSE:CFG) Shares Sold by Cibc World Markets Corp

Cibc World Markets Corp decreased its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 19.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 69,871 shares of the bank's stock after selling 17,355 shares during the quarter. Cibc World Markets Corp's holdings in Citizens Financial Group were worth $3,058,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. OneDigital Investment Advisors LLC purchased a new stake in Citizens Financial Group in the 3rd quarter valued at about $232,000. Empowered Funds LLC boosted its position in shares of Citizens Financial Group by 8.4% in the third quarter. Empowered Funds LLC now owns 7,487 shares of the bank's stock worth $307,000 after acquiring an additional 579 shares during the last quarter. LMR Partners LLP acquired a new stake in shares of Citizens Financial Group in the third quarter worth approximately $271,000. Pathstone Holdings LLC grew its holdings in Citizens Financial Group by 7.7% in the third quarter. Pathstone Holdings LLC now owns 154,546 shares of the bank's stock valued at $6,347,000 after purchasing an additional 11,044 shares during the period. Finally, Prospera Financial Services Inc acquired a new position in Citizens Financial Group during the third quarter worth approximately $227,000. Hedge funds and other institutional investors own 94.90% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Citigroup decreased their price target on shares of Citizens Financial Group from $58.00 to $51.00 and set a "buy" rating on the stock in a report on Monday. Keefe, Bruyette & Woods boosted their price target on Citizens Financial Group from $53.00 to $56.00 and gave the company a "market perform" rating in a research report on Tuesday, January 21st. Barclays raised their price objective on Citizens Financial Group from $47.00 to $52.00 and gave the stock an "equal weight" rating in a report on Monday, January 6th. Compass Point boosted their target price on Citizens Financial Group from $45.00 to $57.00 and gave the stock a "buy" rating in a report on Tuesday, December 10th. Finally, Raymond James restated a "strong-buy" rating and issued a $58.00 price target (up previously from $55.00) on shares of Citizens Financial Group in a report on Tuesday, January 21st. Nine equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $48.67.

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Citizens Financial Group Price Performance

Shares of CFG remained flat at $42.24 during trading on Tuesday. The company's stock had a trading volume of 4,050,250 shares, compared to its average volume of 4,518,504. Citizens Financial Group, Inc. has a one year low of $32.06 and a one year high of $49.25. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market cap of $18.46 billion, a P/E ratio of 13.94, a price-to-earnings-growth ratio of 0.81 and a beta of 1.06. The business's fifty day moving average price is $45.08 and its two-hundred day moving average price is $44.13.

Citizens Financial Group (NYSE:CFG - Get Free Report) last posted its quarterly earnings data on Friday, January 17th. The bank reported $0.85 EPS for the quarter, beating analysts' consensus estimates of $0.83 by $0.02. The firm had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.96 billion. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. The firm's revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.85 EPS. As a group, equities analysts forecast that Citizens Financial Group, Inc. will post 3.92 EPS for the current fiscal year.

Citizens Financial Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were issued a $0.42 dividend. The ex-dividend date was Friday, January 31st. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.98%. Citizens Financial Group's dividend payout ratio (DPR) is 55.45%.

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.