Hotchkis & Wiley Capital Management LLC Trims Stock Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

Hotchkis & Wiley Capital Management LLC decreased its position in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 37.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,192,966 shares of the bank's stock after selling 5,419,280 shares during the period. Citizens Financial Group accounts for 1.3% of Hotchkis & Wiley Capital Management LLC's portfolio, making the stock its 29th largest position. Hotchkis & Wiley Capital Management LLC owned 2.09% of Citizens Financial Group worth $377,555,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. AQR Capital Management LLC lifted its holdings in shares of Citizens Financial Group by 61.4% during the 2nd quarter. AQR Capital Management LLC now owns 4,422,948 shares of the bank's stock valued at $155,909,000 after purchasing an additional 1,682,886 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of Citizens Financial Group by 3,234.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,100,988 shares of the bank's stock worth $39,669,000 after purchasing an additional 1,067,971 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of Citizens Financial Group by 51.1% during the 3rd quarter. Bank of Montreal Can now owns 2,644,542 shares of the bank's stock worth $107,897,000 after acquiring an additional 894,322 shares during the period. BNP Paribas Financial Markets boosted its stake in shares of Citizens Financial Group by 124.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,511,148 shares of the bank's stock worth $62,063,000 after acquiring an additional 838,917 shares during the period. Finally, National Bank of Canada FI boosted its stake in shares of Citizens Financial Group by 680.1% during the 2nd quarter. National Bank of Canada FI now owns 803,919 shares of the bank's stock worth $28,804,000 after acquiring an additional 700,860 shares during the period. Institutional investors own 94.90% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. DA Davidson upped their target price 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. Piper Sandler upped their target price on Citizens Financial Group from $48.00 to $53.00 and gave the stock an "overweight" rating in a report on Tuesday. The Goldman Sachs Group increased their price target on Citizens Financial Group from $48.00 to $59.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. Barclays upped their target price on 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. Finally, Evercore ISI cut their target price 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. Nine equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $45.80.

Citizens Financial Group Trading Down 0.6 %

Shares of NYSE CFG traded down $0.30 during mid-day trading on Tuesday, reaching $46.78. The company had a trading volume of 3,542,948 shares, compared to its average volume of 3,803,779. Citizens Financial Group, Inc. has a 52 week low of $27.97 and a 52 week high of $49.25. The business's 50-day moving average is $43.66 and its 200-day moving average is $40.34. The stock has a market cap of $20.62 billion, a price-to-earnings ratio of 18.42, a price-to-earnings-growth ratio of 1.79 and a beta of 1.08. 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 posted its quarterly earnings data on Wednesday, October 16th. The bank reported $0.79 earnings per share (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 firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the prior year, the company posted $0.85 earnings per share. The company's revenue for the quarter was down 5.6% compared to the same quarter last year. Equities analysts expect that Citizens Financial Group, Inc. will post 3.2 earnings per share for the current year.

Citizens Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Wednesday, October 30th were issued a dividend of $0.42 per share. The ex-dividend date was Wednesday, October 30th. This represents a $1.68 annualized dividend and a dividend yield of 3.59%. 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.