ING Groep NV Has $952,000 Stock Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

ING Groep NV decreased its stake in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 59.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,184 shares of the bank's stock after selling 33,685 shares during the period. ING Groep NV's holdings in Citizens Financial Group were worth $952,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of CFG. Innealta Capital LLC acquired a new position in shares of Citizens Financial Group in the second quarter worth about $25,000. Costello Asset Management INC acquired a new position in shares of Citizens Financial Group in the third quarter worth about $25,000. Ashton Thomas Securities LLC acquired a new position in shares of Citizens Financial Group in the third quarter worth about $27,000. Catalyst Capital Advisors LLC acquired a new position in shares of Citizens Financial Group in the third quarter worth about $28,000. Finally, Versant Capital Management Inc lifted its stake in shares of Citizens Financial Group by 262.8% in the second quarter. Versant Capital Management Inc now owns 936 shares of the bank's stock worth $34,000 after acquiring an additional 678 shares in the last quarter. Hedge funds and other institutional investors own 94.90% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Royal Bank of Canada upped their price objective on Citizens Financial Group from $43.00 to $45.00 and gave the company an "outperform" rating in a research note on Thursday, October 17th. 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. StockNews.com upgraded Citizens Financial Group from a "sell" rating to a "hold" rating in a research report on Thursday, October 17th. DA Davidson increased their price target on Citizens Financial Group from $46.00 to $48.00 and gave the stock a "buy" rating in a research report on Thursday, October 17th. Finally, Piper Sandler increased their price objective on Citizens Financial Group from $45.00 to $48.00 and gave the stock an "overweight" rating in a report on Friday, July 26th. Nine research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $43.80.

Citizens Financial Group Stock Performance

Shares of NYSE:CFG traded down $0.24 during midday trading on Monday, hitting $46.54. The company's stock had a trading volume of 1,761,436 shares, compared to its average volume of 5,289,277. The stock has a market capitalization of $20.51 billion, a price-to-earnings ratio of 18.42, a PEG ratio of 1.78 and a beta of 1.07. The stock's 50 day simple moving average is $42.19 and its 200 day simple moving average is $39.45. Citizens Financial Group, Inc. has a fifty-two week low of $26.13 and a fifty-two week high of $48.35. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.86 and a current ratio of 0.87.

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 the consensus estimate of $0.79. The company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.94 billion. Citizens Financial Group had a return on equity of 5.73% and a net margin of 10.37%. The firm's revenue was down 5.6% compared to the same quarter last year. During the same period last year, the business posted $0.85 earnings per share. As a group, research analysts anticipate that Citizens Financial Group, Inc. will post 3.2 earnings per share for the current year.

Citizens Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Wednesday, October 30th were given a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 3.61%. The ex-dividend date 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.