Rockefeller Capital Management L.P. Sells 13,712 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Rockefeller Capital Management L.P. lowered its stake in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 14.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 84,225 shares of the bank's stock after selling 13,712 shares during the quarter. Rockefeller Capital Management L.P.'s holdings in Citizens Financial Group were worth $3,458,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in CFG. Costello Asset Management INC purchased a new stake in shares of Citizens Financial Group during the 3rd quarter valued at about $25,000. Ashton Thomas Securities LLC purchased a new stake in Citizens Financial Group during the third quarter valued at approximately $27,000. Catalyst Capital Advisors LLC bought a new position in Citizens Financial Group in the third quarter worth approximately $28,000. Innealta Capital LLC purchased a new position in shares of Citizens Financial Group during the 2nd quarter worth $25,000. Finally, Private Ocean LLC grew its position in shares of Citizens Financial Group by 484.4% during the 2nd 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. Institutional investors own 94.90% of the company's stock.

Citizens Financial Group Price Performance

Shares of CFG traded up $0.26 during midday trading on Friday, hitting $47.03. 2,616,730 shares of the company traded hands, compared to its average volume of 5,181,982. Citizens Financial Group, Inc. has a 52 week low of $28.77 and a 52 week high of $49.25. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.86 and a current ratio of 0.87. The firm has a 50 day moving average of $44.03 and a 200-day moving average of $40.49. The stock has a market cap of $20.73 billion, a price-to-earnings ratio of 18.52, a PEG ratio of 1.78 and a beta of 1.08.

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

Citizens Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Wednesday, October 30th were given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 3.57%. The ex-dividend date was Wednesday, October 30th. Citizens Financial Group's dividend payout ratio is presently 66.14%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on CFG shares. Piper Sandler raised their target price on Citizens Financial Group from $48.00 to $53.00 and gave the stock an "overweight" rating in a report on Tuesday. DA Davidson raised their price objective on Citizens Financial Group from $46.00 to $48.00 and gave the stock a "buy" rating in a research note on Thursday, October 17th. Evercore ISI lowered their price objective on Citizens Financial Group from $47.00 to $46.00 and set an "in-line" rating on the stock in a research report on Wednesday, October 2nd. Barclays increased their target price on shares of Citizens Financial Group from $40.00 to $47.00 and gave the stock an "equal weight" rating in a report on Thursday, October 17th. Finally, StockNews.com raised shares of Citizens Financial Group from a "sell" rating to a "hold" rating in a 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. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $46.27.

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.