Citizens Financial Group, Inc. (NYSE:CFG) Position Lowered by Factorial Partners LLC

Factorial Partners LLC decreased its position in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 17.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 81,500 shares of the bank's stock after selling 17,500 shares during the quarter. Citizens Financial Group comprises about 1.9% of Factorial Partners LLC's investment portfolio, making the stock its 21st largest holding. Factorial Partners LLC's holdings in Citizens Financial Group were worth $3,347,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Commerce Bank lifted its holdings in shares of Citizens Financial Group by 1.9% during the 3rd quarter. Commerce Bank now owns 13,177 shares of the bank's stock worth $541,000 after acquiring an additional 250 shares during the period. Cullen Frost Bankers Inc. increased its holdings in shares of Citizens Financial Group by 12.7% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 2,344 shares of the bank's stock worth $84,000 after acquiring an additional 264 shares during the last quarter. ZWJ Investment Counsel Inc. raised its stake in Citizens Financial Group by 0.3% in the 3rd quarter. ZWJ Investment Counsel Inc. now owns 88,829 shares of the bank's stock worth $3,648,000 after purchasing an additional 308 shares in the last quarter. Empirical Finance LLC lifted its holdings in shares of Citizens Financial Group by 2.1% in the third quarter. Empirical Finance LLC now owns 16,076 shares of the bank's stock worth $660,000 after acquiring an additional 330 shares during the last quarter. Finally, Abich Financial Wealth Management LLC raised its position in Citizens Financial Group by 11.5% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 3,250 shares of the bank's stock worth $117,000 after purchasing an additional 334 shares during the last quarter. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CFG. Keefe, Bruyette & Woods increased 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. StockNews.com upgraded Citizens Financial Group from a "sell" rating to a "hold" rating in a report on Thursday, October 17th. Barclays upped 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 report on Thursday, October 17th. Morgan Stanley upped their target price on shares of Citizens Financial Group from $41.00 to $50.00 and gave the stock an "equal weight" rating in a research note on Monday, August 5th. Finally, Evercore ISI cut their price objective on Citizens Financial Group from $47.00 to $46.00 and set an "in-line" rating on the stock in a report on Wednesday, October 2nd. Nine analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $43.80.

Citizens Financial Group Stock Up 0.2 %

CFG traded up $0.07 during trading on Wednesday, reaching $46.12. The company had a trading volume of 2,338,621 shares, compared to its average volume of 5,282,503. The business's fifty day moving average price is $42.41 and its 200 day moving average price is $39.61. 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 company has a market cap of $20.33 billion, a P/E ratio of 18.12, a PEG ratio of 1.78 and a beta of 1.07. Citizens Financial Group, Inc. has a 12 month low of $26.13 and a 12 month 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 earnings per share (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 firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter last year, the company posted $0.85 EPS. The company's revenue for the quarter was down 5.6% on a year-over-year basis. Equities analysts anticipate that Citizens Financial Group, Inc. will post 3.2 EPS 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 paid a dividend of $0.42 per share. The ex-dividend date of this dividend was Wednesday, October 30th. This represents a $1.68 annualized dividend and a yield of 3.64%. Citizens Financial Group's dividend payout ratio (DPR) is currently 66.14%.

Citizens Financial Group Profile

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.