Victory Capital Management Inc. Sells 37,402 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Victory Capital Management Inc. lessened its stake in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 6.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 503,421 shares of the bank's stock after selling 37,402 shares during the quarter. Victory Capital Management Inc. owned 0.11% of Citizens Financial Group worth $20,676,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AQR Capital Management LLC increased its stake in shares of Citizens Financial Group by 61.4% in the second quarter. AQR Capital Management LLC now owns 4,422,948 shares of the bank's stock worth $155,909,000 after acquiring an additional 1,682,886 shares during the last quarter. Capital International Investors increased its position in Citizens Financial Group by 4.4% in the 1st quarter. Capital International Investors now owns 36,709,412 shares of the bank's stock worth $1,332,185,000 after purchasing an additional 1,552,333 shares during the last quarter. Assenagon Asset Management S.A. raised its stake 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 purchasing an additional 1,067,971 shares in the last quarter. National Bank of Canada FI lifted its holdings in shares of Citizens Financial Group by 680.1% during 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 grew its stake in shares of 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 buying an additional 587,115 shares in the last quarter. Hedge funds and other institutional investors own 94.90% of the company's stock.

Citizens Financial Group Stock Performance

CFG traded down $0.54 on Tuesday, hitting $46.03. 3,443,382 shares of the stock traded hands, compared to its average volume of 5,294,416. The business has a fifty day moving average price of $42.29 and a two-hundred day moving average price of $39.53. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.61. Citizens Financial Group, Inc. has a 52 week low of $26.13 and a 52 week high of $48.35. The firm has a market capitalization of $20.29 billion, a PE ratio of 18.33, a P/E/G ratio of 1.78 and a beta of 1.07.

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. On average, research analysts predict that Citizens Financial Group, Inc. will post 3.2 EPS for the current fiscal year.

Citizens Financial Group Dividend Announcement

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

Analyst Upgrades and Downgrades

CFG has been the subject of a number of analyst reports. Royal Bank of Canada lifted their target price on shares of Citizens Financial Group from $43.00 to $45.00 and gave the company an "outperform" rating in a research note on Thursday, October 17th. StockNews.com upgraded shares of Citizens Financial Group from a "sell" rating to a "hold" rating in a report on Thursday, October 17th. Barclays raised their target price on Citizens Financial Group from $40.00 to $47.00 and gave the company an "equal weight" rating in a report on Thursday, October 17th. DA Davidson upped their price target on Citizens Financial Group from $46.00 to $48.00 and gave the stock a "buy" rating in a research note on Thursday, October 17th. Finally, Morgan Stanley raised their price objective on Citizens Financial Group from $41.00 to $50.00 and gave the company an "equal weight" rating in a research note on Monday, August 5th. Nine equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Citizens Financial Group has an average rating of "Hold" and an average price target 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.