Natixis Advisors LLC Sells 148,213 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Natixis Advisors LLC reduced its holdings in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 18.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 651,635 shares of the bank's stock after selling 148,213 shares during the quarter. Natixis Advisors LLC owned 0.15% of Citizens Financial Group worth $26,763,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in CFG. Capital International Investors lifted its holdings in Citizens Financial Group by 4.4% in the first quarter. Capital International Investors now owns 36,709,412 shares of the bank's stock worth $1,332,185,000 after purchasing an additional 1,552,333 shares during the period. LSV Asset Management boosted its holdings in shares of Citizens Financial Group by 1.8% in the second quarter. LSV Asset Management now owns 6,580,797 shares of the bank's stock valued at $237,106,000 after acquiring an additional 113,300 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Citizens Financial Group by 15.3% during the second quarter. Dimensional Fund Advisors LP now owns 4,429,264 shares of the bank's stock valued at $159,550,000 after acquiring an additional 587,115 shares during the period. AQR Capital Management LLC raised its holdings in Citizens Financial Group by 61.4% during the second quarter. AQR Capital Management LLC now owns 4,422,948 shares of the bank's stock worth $155,909,000 after purchasing an additional 1,682,886 shares in the last quarter. Finally, Hsbc Holdings PLC increased its position in shares of Citizens Financial Group by 1.7% during the 2nd quarter. Hsbc Holdings PLC now owns 2,764,090 shares of the bank's stock valued at $99,448,000 after purchasing an additional 45,038 shares during the period. Institutional investors own 94.90% of the company's stock.

Analyst Ratings Changes

CFG has been the topic of several recent research reports. Barclays lifted their price objective on shares of Citizens Financial Group from $40.00 to $47.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 17th. Morgan Stanley increased their price objective on Citizens Financial Group from $41.00 to $50.00 and gave the company an "equal weight" rating in a research report on Monday, August 5th. Evercore ISI reduced their target price 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. StockNews.com upgraded Citizens Financial Group from a "sell" rating to a "hold" rating in a report on Thursday, October 17th. Finally, Royal Bank of Canada raised their target price on shares of Citizens Financial Group from $43.00 to $45.00 and gave the stock an "outperform" rating in a 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 company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $43.80.

Citizens Financial Group Stock Performance

Citizens Financial Group stock traded down $0.52 during trading hours on Tuesday, reaching $46.05. 1,195,282 shares of the company were exchanged, compared to its average volume of 5,284,187. Citizens Financial Group, Inc. has a 12 month low of $26.13 and a 12 month high of $48.35. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.61. The stock has a 50-day moving average of $42.29 and a 200 day moving average of $39.53. The firm has a market cap of $20.29 billion, a price-to-earnings ratio of 18.33, a PEG ratio of 1.78 and a beta of 1.07.

Citizens Financial Group (NYSE:CFG - Get Free Report) last released its earnings results on Wednesday, October 16th. The bank reported $0.79 earnings per share for the quarter, hitting analysts' consensus estimates of $0.79. The firm had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.94 billion. Citizens Financial Group had a net margin of 10.37% and a return on equity of 5.73%. The business's revenue was down 5.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.85 EPS. 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 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Wednesday, October 30th were given a $0.42 dividend. The ex-dividend date was Wednesday, October 30th. This represents a $1.68 annualized dividend and a yield of 3.65%. Citizens Financial Group's dividend payout ratio is 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.