Janney Montgomery Scott LLC Sells 24,740 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Janney Montgomery Scott LLC decreased its position in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 22.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 85,904 shares of the bank's stock after selling 24,740 shares during the period. Janney Montgomery Scott LLC's holdings in Citizens Financial Group were worth $3,528,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of CFG. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in shares of Citizens Financial Group by 35.9% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 78,203 shares of the bank's stock valued at $2,838,000 after buying an additional 20,649 shares during the last quarter. Canada Pension Plan Investment Board increased its stake in Citizens Financial Group by 101.6% in the first quarter. Canada Pension Plan Investment Board now owns 761,679 shares of the bank's stock valued at $27,641,000 after acquiring an additional 383,947 shares during the period. UniSuper Management Pty Ltd raised its position in Citizens Financial Group by 1,045.4% in the first quarter. UniSuper Management Pty Ltd now owns 25,692 shares of the bank's stock worth $932,000 after purchasing an additional 23,449 shares in the last quarter. CWM LLC lifted its stake in Citizens Financial Group by 77.1% during the second quarter. CWM LLC now owns 40,699 shares of the bank's stock worth $1,466,000 after purchasing an additional 17,718 shares during the period. Finally, Quantbot Technologies LP bought a new position in Citizens Financial Group during the second quarter worth about $5,009,000. 94.90% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on CFG shares. UBS Group lifted their price objective on Citizens Financial Group from $42.00 to $46.00 and gave the company a "buy" rating in a report on Thursday, July 18th. Stephens boosted their target price on Citizens Financial Group from $40.00 to $42.00 and gave the stock an "overweight" rating in a report on Friday, July 19th. Evercore ISI dropped their price target on Citizens Financial Group from $47.00 to $46.00 and set an "in-line" rating for the company in a report on Wednesday, October 2nd. Keefe, Bruyette & Woods boosted their price objective on Citizens Financial Group from $42.00 to $46.00 and gave the stock a "market perform" rating in a research note on Monday, September 30th. Finally, The Goldman Sachs Group raised their target price on Citizens Financial Group from $43.00 to $49.00 and gave the company a "buy" rating in a research note on Thursday, July 18th. Nine investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Citizens Financial Group has a consensus rating of "Hold" and a consensus target price of $43.80.

Citizens Financial Group Trading Up 1.5 %

CFG stock traded up $0.67 during midday trading on Monday, hitting $46.48. 4,153,401 shares of the company's stock were exchanged, compared to its average volume of 5,343,401. Citizens Financial Group, Inc. has a one year low of $24.73 and a one year high of $48.35. The stock's fifty day moving average price is $41.73 and its 200-day moving average price is $39.04. The company has a market cap of $20.48 billion, a PE ratio of 18.50, a price-to-earnings-growth ratio of 1.75 and a beta of 1.07. 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 posted its earnings results on Wednesday, October 16th. The bank reported $0.79 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.79. The business had revenue of $1.90 billion during the quarter, compared to analysts' expectations of $1.94 billion. Citizens Financial Group had a return on equity of 5.73% and a net margin of 10.37%. Citizens Financial Group's revenue for the quarter was down 5.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.85 EPS. Research analysts predict that Citizens Financial Group, Inc. will post 3.2 earnings per share for the current fiscal year.

Citizens Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 13th. Investors of record on Wednesday, October 30th will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date of this dividend is Wednesday, October 30th. Citizens Financial Group's payout ratio is presently 66.14%.

Citizens Financial Group Company 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.