Banque Cantonale Vaudoise Sells 19,015 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Banque Cantonale Vaudoise trimmed its holdings in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 53.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,624 shares of the bank's stock after selling 19,015 shares during the period. Banque Cantonale Vaudoise's holdings in Citizens Financial Group were worth $682,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Canada Pension Plan Investment Board lifted its position in shares of Citizens Financial Group by 101.6% during the 1st quarter. Canada Pension Plan Investment Board now owns 761,679 shares of the bank's stock worth $27,641,000 after buying an additional 383,947 shares in the last quarter. Versor Investments LP purchased a new position in shares of Citizens Financial Group in the 3rd quarter worth about $1,910,000. UniSuper Management Pty Ltd grew its position in Citizens Financial Group by 1,045.4% during the first quarter. UniSuper Management Pty Ltd now owns 25,692 shares of the bank's stock valued at $932,000 after buying an additional 23,449 shares during the period. CWM LLC increased its holdings in Citizens Financial Group by 77.1% during the second quarter. CWM LLC now owns 40,699 shares of the bank's stock worth $1,466,000 after buying an additional 17,718 shares during the last quarter. Finally, Quantbot Technologies LP bought a new stake in Citizens Financial Group in the second quarter worth about $5,009,000. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CFG has been the topic of a number of recent research reports. Evercore ISI dropped their price target on Citizens Financial Group from $47.00 to $46.00 and set an "in-line" rating on the stock in a research report on Wednesday, October 2nd. Morgan Stanley raised their price target on Citizens Financial Group from $41.00 to $50.00 and gave the stock an "equal weight" rating in a report on Monday, August 5th. Citigroup raised 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. DA Davidson lifted their price target on Citizens Financial Group from $46.00 to $48.00 and gave the company a "buy" rating in a research report on Thursday, October 17th. Finally, Keefe, Bruyette & Woods raised their price objective on Citizens Financial Group from $42.00 to $46.00 and gave the company a "market perform" rating in a report on Monday, September 30th. Nine investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $44.80.

Citizens Financial Group Stock Up 1.9 %

Shares of NYSE CFG traded up $0.89 during midday trading on Friday, hitting $47.66. The stock had a trading volume of 2,761,012 shares, compared to its average volume of 5,264,299. Citizens Financial Group, Inc. has a 52 week low of $26.13 and a 52 week high of $48.35. The business's 50 day moving average is $42.83 and its 200-day moving average is $39.79. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.61. The company has a market cap of $21.00 billion, a P/E ratio of 18.76, a PEG ratio of 1.75 and a beta of 1.07.

Citizens Financial Group (NYSE:CFG - Get Free Report) last posted its earnings results on Wednesday, October 16th. The bank reported $0.79 EPS for the quarter, hitting analysts' consensus estimates of $0.79. The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.94 billion. Citizens Financial Group had a net margin of 10.37% and a return on equity of 5.73%. The firm's revenue was down 5.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.85 EPS. As a group, analysts predict that Citizens Financial Group, Inc. will post 3.2 EPS for the current year.

Citizens Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Wednesday, October 30th were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 3.52%. The ex-dividend date of this dividend was Wednesday, October 30th. Citizens Financial Group's dividend payout ratio is currently 66.14%.

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.