Citizens Financial Group, Inc. (NYSE:CFG) Position Reduced by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd reduced its position in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 56.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 43,725 shares of the bank's stock after selling 57,269 shares during the period. Y Intercept Hong Kong Ltd's holdings in Citizens Financial Group were worth $1,796,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC raised its holdings in shares of Citizens Financial Group by 5.2% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 18,610 shares of the bank's stock worth $671,000 after acquiring an additional 916 shares in the last quarter. Wedmont Private Capital raised its position in shares of Citizens Financial Group by 36.5% in the 2nd quarter. Wedmont Private Capital now owns 9,483 shares of the bank's stock valued at $362,000 after purchasing an additional 2,536 shares during the last quarter. Diversified Trust Co grew its stake in Citizens Financial Group by 18.3% during the 2nd quarter. Diversified Trust Co now owns 12,463 shares of the bank's stock valued at $449,000 after purchasing an additional 1,931 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Citizens Financial Group by 4.5% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 77,067 shares of the bank's stock valued at $2,777,000 after acquiring an additional 3,295 shares during the last quarter. Finally, Great Valley Advisor Group Inc. grew its holdings in Citizens Financial Group by 12.3% during the second quarter. Great Valley Advisor Group Inc. now owns 42,352 shares of the bank's stock worth $1,526,000 after acquiring an additional 4,642 shares during the period. 94.90% of the stock is currently owned by institutional investors.

Citizens Financial Group Stock Down 0.4 %

Shares of CFG traded down $0.17 during midday trading on Wednesday, reaching $46.23. 6,468,114 shares of the company were exchanged, compared to its average volume of 5,190,922. Citizens Financial Group, Inc. has a 1-year low of $29.23 and a 1-year high of $49.25. The stock has a 50-day moving average price of $44.39 and a 200-day moving average price of $40.78. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.61. The company has a market cap 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 (NYSE:CFG - Get Free Report) last released its quarterly earnings results on Wednesday, October 16th. The bank reported $0.79 earnings per share for the quarter, hitting 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 firm had revenue of $1.90 billion during the quarter, compared to analysts' expectations of $1.94 billion. During the same quarter in the prior year, the business earned $0.85 EPS. Citizens Financial Group's quarterly revenue was down 5.6% compared to the same quarter last year. Research analysts expect that Citizens Financial Group, Inc. will post 3.2 earnings per share for the current year.

Citizens Financial Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Wednesday, October 30th were issued a $0.42 dividend. The ex-dividend date of this dividend was Wednesday, October 30th. This represents a $1.68 dividend on an annualized basis and a yield of 3.63%. Citizens Financial Group's dividend payout ratio is currently 66.14%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Barclays increased their target price on shares of Citizens Financial Group from $40.00 to $47.00 and gave the company an "equal weight" rating in a research report on Thursday, October 17th. Royal Bank of Canada upped their target price on shares of Citizens Financial Group from $43.00 to $45.00 and gave the stock an "outperform" rating in a research note on Thursday, October 17th. The Goldman Sachs Group raised their price objective on shares of Citizens Financial Group from $48.00 to $59.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. Compass Point boosted their price target on shares of Citizens Financial Group from $45.00 to $57.00 and gave the company a "buy" rating in a research report on Tuesday. Finally, Evercore ISI decreased their target price on shares of Citizens Financial Group from $47.00 to $46.00 and set an "in-line" rating for the company in a research note on Wednesday, October 2nd. Nine analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $46.94.

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.