GSA Capital Partners LLP Trims Stock Position in Citizens Financial Group, Inc. (NYSE:CFG)

GSA Capital Partners LLP lessened its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 73.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,554 shares of the bank's stock after selling 33,955 shares during the quarter. GSA Capital Partners LLP's holdings in Citizens Financial Group were worth $516,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of CFG. Cullen Frost Bankers Inc. lifted its stake 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 valued at $84,000 after buying an additional 264 shares in the last quarter. ZWJ Investment Counsel Inc. increased its holdings 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 valued at $3,648,000 after acquiring an additional 308 shares during the last quarter. Abich Financial Wealth Management LLC increased its holdings in Citizens Financial Group by 11.5% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 3,250 shares of the bank's stock valued at $117,000 after acquiring an additional 334 shares during the last quarter. Tealwood Asset Management Inc. increased its holdings in Citizens Financial Group by 0.8% in the 3rd quarter. Tealwood Asset Management Inc. now owns 43,059 shares of the bank's stock valued at $1,768,000 after acquiring an additional 360 shares during the last quarter. Finally, Van ECK Associates Corp increased its holdings in Citizens Financial Group by 6.0% in the 3rd quarter. Van ECK Associates Corp now owns 6,330 shares of the bank's stock valued at $262,000 after acquiring an additional 361 shares during the last quarter. Hedge funds and other institutional investors own 94.90% of the company's stock.

Citizens Financial Group Trading Up 0.2 %

Citizens Financial Group stock traded up $0.07 during midday trading on Wednesday, hitting $46.12. 2,338,621 shares of the stock were exchanged, compared to its average volume of 5,282,856. Citizens Financial Group, Inc. has a fifty-two week low of $26.13 and a fifty-two week high of $48.35. The stock has a market capitalization of $20.33 billion, a price-to-earnings ratio of 18.12, a PEG ratio of 1.78 and a beta of 1.07. The stock's 50-day simple moving average is $42.41 and its 200 day simple moving average is $39.61. 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 (NYSE:CFG - Get Free Report) last announced its quarterly earnings results on Wednesday, October 16th. The bank reported $0.79 earnings per share for the quarter, meeting analysts' consensus estimates of $0.79. Citizens Financial Group had a net margin of 10.37% and a return on equity of 5.73%. The business had revenue of $1.90 billion during the quarter, compared to analysts' expectations of $1.94 billion. During the same period last year, the business earned $0.85 earnings per share. The business's revenue for the quarter was down 5.6% on a year-over-year basis. On average, 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 declared a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Wednesday, October 30th were paid 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 3.64%. Citizens Financial Group's dividend payout ratio is currently 66.14%.

Analyst Ratings Changes

A number of brokerages have issued reports on CFG. Piper Sandler lifted their price target on shares of Citizens Financial Group from $45.00 to $48.00 and gave the company an "overweight" rating in a report on Friday, July 26th. StockNews.com upgraded shares of Citizens Financial Group from a "sell" rating to a "hold" rating in a report on Thursday, October 17th. Keefe, Bruyette & Woods boosted their target price on shares of Citizens Financial Group from $42.00 to $46.00 and gave the stock a "market perform" rating in a report on Monday, September 30th. Evercore ISI lowered their price objective on shares of Citizens Financial Group from $47.00 to $46.00 and set an "in-line" rating for the company in a research report on Wednesday, October 2nd. Finally, Barclays boosted their price objective 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. Nine research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price 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.