Kornitzer Capital Management Inc. KS Has $17.10 Million Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

Kornitzer Capital Management Inc. KS lessened its position in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 22.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 416,455 shares of the bank's stock after selling 118,325 shares during the period. Kornitzer Capital Management Inc. KS owned about 0.09% of Citizens Financial Group worth $17,104,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. AQR Capital Management LLC raised its stake in Citizens Financial Group by 61.4% in the 2nd quarter. AQR Capital Management LLC now owns 4,422,948 shares of the bank's stock valued at $155,909,000 after acquiring an additional 1,682,886 shares during the period. Capital International Investors lifted its stake in shares of Citizens Financial Group by 4.4% during the 1st quarter. Capital International Investors now owns 36,709,412 shares of the bank's stock worth $1,332,185,000 after buying an additional 1,552,333 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Citizens Financial Group by 3,234.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,100,988 shares of the bank's stock worth $39,669,000 after buying an additional 1,067,971 shares during the period. National Bank of Canada FI grew its stake in Citizens Financial Group by 680.1% in the 2nd quarter. National Bank of Canada FI now owns 803,919 shares of the bank's stock valued at $28,804,000 after buying an additional 700,860 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Citizens Financial Group by 15.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,429,264 shares of the bank's stock valued at $159,550,000 after acquiring an additional 587,115 shares during the period. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Barclays boosted their price objective on Citizens Financial Group from $40.00 to $47.00 and gave the stock an "equal weight" rating in a report on Thursday, October 17th. Raymond James started coverage on Citizens Financial Group in a research report on Thursday, July 11th. They set a "market perform" rating on the stock. Royal Bank of Canada boosted their price objective on shares of Citizens Financial Group from $43.00 to $45.00 and gave the company an "outperform" rating in a report on Thursday, October 17th. StockNews.com upgraded Citizens Financial Group from a "sell" rating to a "hold" rating in a research note on Thursday, October 17th. Finally, 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 note on Wednesday, October 2nd. Nine investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Citizens Financial Group currently has an average rating of "Hold" and an average price target of $43.80.

Citizens Financial Group Price Performance

Shares of NYSE CFG traded down $2.28 during midday trading on Thursday, reaching $46.03. 5,226,480 shares of the company were exchanged, compared to its average volume of 5,344,135. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.61. Citizens Financial Group, Inc. has a one year low of $24.61 and a one year high of $48.35. The stock has a market cap of $20.49 billion, a P/E ratio of 18.14, a PEG ratio of 1.59 and a beta of 1.07. The stock's 50-day moving average price is $41.61 and its 200-day moving average price is $38.86.

Citizens Financial Group (NYSE:CFG - Get Free Report) last released its quarterly earnings data on Wednesday, October 16th. The bank reported $0.79 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 the consensus estimate of $1.94 billion. During the same quarter in the prior year, the firm posted $0.85 earnings per share. The firm's revenue was down 5.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Citizens Financial Group, Inc. will post 3.19 earnings per share for the current fiscal year.

Citizens Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 13th. Investors of record on Wednesday, October 30th will be issued a $0.42 dividend. The ex-dividend date is Wednesday, October 30th. This represents a $1.68 dividend on an annualized basis and a yield of 3.65%. Citizens Financial Group's payout ratio is 66.14%.

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.