Quantbot Technologies LP cut its stake in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 6.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 217,994 shares of the bank's stock after selling 16,161 shares during the quarter. Quantbot Technologies LP's holdings in Citizens Financial Group were worth $9,539,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. Ameliora Wealth Management Ltd. bought a new stake in shares of Citizens Financial Group in the 4th quarter valued at about $28,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Citizens Financial Group during the 4th quarter worth approximately $28,000. Ashton Thomas Securities LLC bought a new stake in Citizens Financial Group during the 3rd quarter worth approximately $27,000. Sierra Ocean LLC bought a new stake in Citizens Financial Group during the 4th quarter worth approximately $47,000. Finally, Legacy Investment Solutions LLC bought a new stake in Citizens Financial Group during the 3rd quarter worth approximately $48,000. 94.90% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on the company. Compass Point increased their target price on Citizens Financial Group from $45.00 to $57.00 and gave the stock a "buy" rating in a research note on Tuesday, December 10th. Raymond James reissued a "strong-buy" rating and set a $58.00 target price (up from $55.00) on shares of Citizens Financial Group in a research note on Tuesday, January 21st. Keefe, Bruyette & Woods raised their price target on shares of Citizens Financial Group from $53.00 to $56.00 and gave the stock a "market perform" rating in a research note on Tuesday, January 21st. The Goldman Sachs Group raised their price target on shares of Citizens Financial Group from $48.00 to $59.00 and gave the stock a "buy" rating in a research note on Tuesday, November 26th. Finally, Barclays raised their price target on shares of Citizens Financial Group from $47.00 to $52.00 and gave the stock an "equal weight" rating in a research note on Monday, January 6th. Nine equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Citizens Financial Group presently has a consensus rating of "Moderate Buy" and an average price target of $49.22.
View Our Latest Stock Analysis on Citizens Financial Group
Citizens Financial Group Stock Performance
Citizens Financial Group stock traded up $0.10 during mid-day trading on Tuesday, hitting $40.96. 4,117,202 shares of the company's stock traded hands, compared to its average volume of 4,490,842. The firm has a 50 day simple moving average of $45.38 and a two-hundred day simple moving average of $44.17. Citizens Financial Group, Inc. has a fifty-two week low of $32.06 and a fifty-two week high of $49.25. The stock has a market cap of $17.90 billion, a price-to-earnings ratio of 13.52, a P/E/G ratio of 0.81 and a beta of 1.06. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.85.
Citizens Financial Group (NYSE:CFG - Get Free Report) last announced its quarterly earnings results on Friday, January 17th. The bank reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.02. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The business had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter last year, the firm posted $0.85 EPS. The company's quarterly revenue was down .1% on a year-over-year basis. On average, research analysts expect that Citizens Financial Group, Inc. will post 3.92 EPS for the current fiscal year.
Citizens Financial Group Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 4.10%. The ex-dividend date of this dividend was Friday, January 31st. Citizens Financial Group's dividend payout ratio is 55.45%.
Citizens Financial Group Profile
(
Free Report)
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.
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