AIA Group Ltd Has $1.24 Million Position in Citizens Financial Group, Inc. (NYSE:CFG)

AIA Group Ltd reduced its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 36.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 30,258 shares of the bank's stock after selling 17,112 shares during the period. AIA Group Ltd's holdings in Citizens Financial Group were worth $1,243,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Innealta Capital LLC acquired a new stake in shares of Citizens Financial Group in the 2nd quarter valued at $25,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Citizens Financial Group in the 3rd quarter valued at $28,000. Versant Capital Management Inc lifted its stake in shares of Citizens Financial Group by 262.8% in 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 during the last quarter. Private Ocean LLC lifted its position in Citizens Financial Group by 484.4% during the 2nd quarter. Private Ocean LLC now owns 1,011 shares of the bank's stock worth $36,000 after acquiring an additional 838 shares during the last quarter. Finally, Ridgewood Investments LLC acquired a new position in Citizens Financial Group during the 2nd quarter worth $48,000. 94.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Barclays boosted 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 research report on Thursday, October 17th. The Goldman Sachs Group boosted their target price on shares of Citizens Financial Group from $43.00 to $49.00 and gave the stock a "buy" rating in a research report on Thursday, July 18th. Piper Sandler boosted their target price on shares of Citizens Financial Group from $45.00 to $48.00 and gave the stock an "overweight" rating in a research report on Friday, July 26th. UBS Group boosted their price objective on shares of Citizens Financial Group from $42.00 to $46.00 and gave the stock a "buy" rating in a report on Thursday, July 18th. Finally, Royal Bank of Canada boosted their price objective on shares of Citizens Financial Group from $43.00 to $45.00 and gave the stock an "outperform" rating in a report on Thursday, October 17th. Nine research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $43.80.

Citizens Financial Group Price Performance

Citizens Financial Group stock traded down $0.22 during trading hours on Friday, hitting $45.81. 6,097,550 shares of the stock were exchanged, compared to its average volume of 5,135,417. 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 stock has a market capitalization of $20.19 billion, a P/E ratio of 18.04, a P/E/G ratio of 1.84 and a beta of 1.07. Citizens Financial Group, Inc. has a 12 month low of $24.61 and a 12 month high of $48.35. The business's 50-day moving average is $41.73 and its two-hundred day moving average is $38.99.

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 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 analysts' expectations of $1.94 billion. During the same period in the prior year, the firm earned $0.85 earnings per share. The company's quarterly revenue was down 5.6% compared to the same quarter last year. Equities research analysts expect that Citizens Financial Group, Inc. will post 3.19 EPS for the current fiscal year.

Citizens Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 13th. Stockholders 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 dividend yield of 3.67%. Citizens Financial Group's payout ratio is 66.14%.

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.