Citizens Financial Group, Inc. (NYSE:CFG) Shares Sold by AEGON ASSET MANAGEMENT UK Plc

AEGON ASSET MANAGEMENT UK Plc lessened its holdings in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 16.4% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 784,712 shares of the bank's stock after selling 154,007 shares during the period. AEGON ASSET MANAGEMENT UK Plc owned 0.18% of Citizens Financial Group worth $32,228,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Innealta Capital LLC bought a new stake in shares of Citizens Financial Group in the second quarter worth about $25,000. Catalyst Capital Advisors LLC bought a new stake in shares of Citizens Financial Group during the third quarter valued at approximately $28,000. Versant Capital Management Inc raised its stake in shares of Citizens Financial Group by 262.8% during the second quarter. Versant Capital Management Inc now owns 936 shares of the bank's stock valued at $34,000 after acquiring an additional 678 shares in the last quarter. Private Ocean LLC raised its stake in Citizens Financial Group by 484.4% in the second quarter. Private Ocean LLC now owns 1,011 shares of the bank's stock worth $36,000 after buying an additional 838 shares in the last quarter. Finally, Ridgewood Investments LLC bought a new position in Citizens Financial Group in the second quarter worth approximately $48,000. Hedge funds and other institutional investors own 94.90% of the company's stock.

Wall Street Analysts Forecast Growth

CFG has been the topic of a number of recent analyst reports. Stephens upped their price target on Citizens Financial Group from $40.00 to $42.00 and gave the stock an "overweight" rating in a research report on Friday, July 19th. Piper Sandler increased their target price on shares of Citizens Financial Group from $45.00 to $48.00 and gave the stock an "overweight" rating in a research note on Friday, July 26th. Barclays increased their target price on shares of Citizens Financial Group from $40.00 to $47.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 17th. UBS Group upped their price target on shares of Citizens Financial Group from $42.00 to $46.00 and gave the stock a "buy" rating in a research report on Thursday, July 18th. Finally, Royal Bank of Canada upped their price target on shares of Citizens Financial Group from $43.00 to $45.00 and gave the stock an "outperform" rating in a research report on Thursday, October 17th. Nine analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Citizens Financial Group currently has a consensus rating of "Hold" and an average price target of $43.80.

Citizens Financial Group Trading Down 0.5 %

Shares of NYSE:CFG traded down $0.22 during mid-day trading on Friday, reaching $45.81. 6,097,550 shares of the company were exchanged, compared to its average volume of 5,135,417. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.87 and a quick ratio of 0.86. The firm has a market cap of $20.19 billion, a price-to-earnings ratio of 18.04, a P/E/G ratio of 1.84 and a beta of 1.07. The firm's 50-day simple moving average is $41.73 and its 200 day simple moving average is $38.99. Citizens Financial Group, Inc. has a 1 year low of $24.61 and a 1 year high of $48.35.

Citizens Financial Group (NYSE:CFG - Get Free Report) last issued its quarterly earnings results on Wednesday, October 16th. The bank reported $0.79 EPS 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 company had revenue of $1.90 billion during the quarter, compared to analysts' expectations of $1.94 billion. During the same quarter last year, the company posted $0.85 EPS. The firm's revenue was down 5.6% compared to the same quarter last year. Equities research analysts forecast that Citizens Financial Group, Inc. will post 3.19 EPS for the current year.

Citizens Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 13th. Shareholders of record on Wednesday, October 30th will be given a $0.42 dividend. The ex-dividend date is Wednesday, October 30th. This represents a $1.68 annualized dividend and a yield of 3.67%. Citizens Financial Group's dividend payout ratio is presently 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.