Citizens Financial Group, Inc. (NYSE:CFG) Shares Sold by Bruni J V & Co. Co.

Bruni J V & Co. Co. decreased its position in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 1.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 967,961 shares of the bank's stock after selling 12,920 shares during the quarter. Citizens Financial Group comprises 4.4% of Bruni J V & Co. Co.'s investment portfolio, making the stock its 7th largest holding. Bruni J V & Co. Co. owned 0.22% of Citizens Financial Group worth $39,754,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Canada Pension Plan Investment Board grew its stake in shares of Citizens Financial Group by 101.6% in the 1st quarter. Canada Pension Plan Investment Board now owns 761,679 shares of the bank's stock valued at $27,641,000 after buying an additional 383,947 shares in the last quarter. Versor Investments LP bought a new stake in Citizens Financial Group during the third quarter worth approximately $1,910,000. UniSuper Management Pty Ltd boosted its position in Citizens Financial Group by 1,045.4% during the first quarter. UniSuper Management Pty Ltd now owns 25,692 shares of the bank's stock worth $932,000 after purchasing an additional 23,449 shares during the period. CWM LLC boosted its position in Citizens Financial Group by 77.1% during the second quarter. CWM LLC now owns 40,699 shares of the bank's stock worth $1,466,000 after purchasing an additional 17,718 shares during the period. Finally, Quantbot Technologies LP bought a new stake in Citizens Financial Group during the second quarter worth approximately $5,009,000. Institutional investors own 94.90% of the company's stock.

Citizens Financial Group Stock Performance

Shares of NYSE CFG traded down $0.54 during trading hours on Tuesday, reaching $46.03. The stock had a trading volume of 3,443,382 shares, compared to its average volume of 5,294,416. The business's fifty day moving average is $42.41 and its two-hundred day moving average is $39.61. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.87 and a quick ratio of 0.86. The company has a market cap of $20.29 billion, a price-to-earnings ratio of 18.12, a PEG ratio of 1.78 and a beta of 1.07. Citizens Financial Group, Inc. has a twelve month low of $26.13 and a twelve month high of $48.35.

Citizens Financial Group (NYSE:CFG - Get Free Report) last issued its 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 business 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 posted $0.85 earnings per share. Citizens Financial Group's revenue was down 5.6% on a year-over-year basis. As a group, research analysts expect that Citizens Financial Group, Inc. will post 3.2 EPS for the current year.

Citizens Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Wednesday, October 30th were paid a dividend of $0.42 per share. The ex-dividend date of this dividend was Wednesday, October 30th. This represents a $1.68 annualized dividend and a yield of 3.65%. Citizens Financial Group's dividend payout ratio is currently 66.14%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Piper Sandler upped their target price on Citizens Financial Group from $45.00 to $48.00 and gave the stock an "overweight" rating in a research report on Friday, July 26th. Barclays upped their target price on 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. StockNews.com raised Citizens Financial Group from a "sell" rating to a "hold" rating in a research report on Thursday, October 17th. Royal Bank of Canada upped their price target on Citizens Financial Group from $43.00 to $45.00 and gave the stock an "outperform" rating in a report on Thursday, October 17th. Finally, Keefe, Bruyette & Woods upped their price target on Citizens Financial Group from $42.00 to $46.00 and gave the stock a "market perform" rating in a report on Monday, September 30th. Nine research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Citizens Financial Group currently has a consensus rating of "Hold" and an average target price of $43.80.

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.