National Bank of Canada FI Sells 431,491 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

National Bank of Canada FI lowered its stake in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 53.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 372,428 shares of the bank's stock after selling 431,491 shares during the period. National Bank of Canada FI owned 0.08% of Citizens Financial Group worth $15,296,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Kovitz Investment Group Partners LLC lifted its position in Citizens Financial Group by 64.3% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 97,134 shares of the bank's stock valued at $3,989,000 after purchasing an additional 38,030 shares during the period. Wellington Management Group LLP lifted its holdings in Citizens Financial Group by 207.2% in the third quarter. Wellington Management Group LLP now owns 8,272,043 shares of the bank's stock valued at $339,733,000 after buying an additional 5,579,313 shares during the period. Worldquant Millennium Advisors LLC bought a new position in Citizens Financial Group in the third quarter valued at approximately $5,277,000. State Street Corp grew its holdings in Citizens Financial Group by 6.7% during the 3rd quarter. State Street Corp now owns 25,826,368 shares of the bank's stock worth $1,060,689,000 after acquiring an additional 1,615,144 shares during the period. Finally, SYM FINANCIAL Corp raised its position in shares of Citizens Financial Group by 4.8% during the 3rd quarter. SYM FINANCIAL Corp now owns 6,976 shares of the bank's stock valued at $287,000 after acquiring an additional 322 shares during the last quarter. Institutional investors own 94.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on CFG shares. Piper Sandler lifted their price objective on Citizens Financial Group from $48.00 to $53.00 and gave the stock an "overweight" rating in a research note on Tuesday, December 3rd. Barclays upped their price target on Citizens Financial Group from $40.00 to $47.00 and gave the company an "equal weight" rating in a research note on Thursday, October 17th. Citigroup upped their price objective on shares of Citizens Financial Group from $50.00 to $58.00 and gave the company a "buy" rating in a research report on Thursday, November 21st. StockNews.com raised Citizens Financial Group from a "sell" rating to a "hold" rating in a research note on Thursday, October 17th. Finally, Keefe, Bruyette & Woods lifted their price objective on Citizens Financial Group from $46.00 to $53.00 and gave the company a "market perform" rating in a report on Wednesday, December 4th. Nine investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Citizens Financial Group currently has an average rating of "Moderate Buy" and an average price target of $46.94.

Citizens Financial Group Stock Down 0.4 %

NYSE CFG traded down $0.17 during trading hours on Wednesday, hitting $46.23. 6,468,114 shares of the company traded hands, compared to its average volume of 5,190,922. The stock has a market capitalization of $20.37 billion, a price-to-earnings ratio of 18.22, a P/E/G ratio of 1.79 and a beta of 1.08. Citizens Financial Group, Inc. has a twelve month low of $29.23 and a twelve month high of $49.25. The business's 50-day moving average is $44.39 and its 200-day moving average is $40.78. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.86 and a current ratio of 0.87.

Citizens Financial Group (NYSE:CFG - Get Free Report) last released its earnings results on Wednesday, October 16th. The bank reported $0.79 earnings per share for the quarter, meeting 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 business had revenue of $1.90 billion during the quarter, compared to analysts' expectations of $1.94 billion. During the same period last year, the business earned $0.85 earnings per share. The firm's revenue was down 5.6% on a year-over-year basis. Sell-side analysts anticipate that Citizens Financial Group, Inc. will post 3.2 earnings per share for the current year.

Citizens Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Wednesday, October 30th were paid a $0.42 dividend. The ex-dividend date was Wednesday, October 30th. This represents a $1.68 annualized dividend and a yield of 3.63%. Citizens Financial Group's dividend payout ratio (DPR) is currently 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.