Citizens Financial Group, Inc. (NYSE:CFG) Shares Sold by NFJ Investment Group LLC

NFJ Investment Group LLC trimmed its position in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 48.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 224,658 shares of the bank's stock after selling 208,886 shares during the quarter. NFJ Investment Group LLC owned 0.05% of Citizens Financial Group worth $9,227,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of CFG. Commerce Bank raised its holdings in Citizens Financial Group by 1.9% during the third quarter. Commerce Bank now owns 13,177 shares of the bank's stock valued at $541,000 after acquiring an additional 250 shares during the period. Cullen Frost Bankers Inc. grew its position in shares of Citizens Financial Group by 12.7% during the second quarter. Cullen Frost Bankers Inc. now owns 2,344 shares of the bank's stock valued at $84,000 after purchasing an additional 264 shares in the last quarter. Cobblestone Capital Advisors LLC NY grew its position in shares of Citizens Financial Group by 2.5% during the third quarter. Cobblestone Capital Advisors LLC NY now owns 11,395 shares of the bank's stock valued at $468,000 after purchasing an additional 280 shares in the last quarter. ZWJ Investment Counsel Inc. grew its position in shares of Citizens Financial Group by 0.3% during the third quarter. ZWJ Investment Counsel Inc. now owns 88,829 shares of the bank's stock valued at $3,648,000 after purchasing an additional 308 shares in the last quarter. Finally, Empirical Finance LLC grew its position in shares of Citizens Financial Group by 2.1% during the third quarter. Empirical Finance LLC now owns 16,076 shares of the bank's stock valued at $660,000 after purchasing an additional 330 shares in the last quarter. 94.90% of the stock is owned by institutional investors.

Citizens Financial Group Stock Performance

Shares of CFG traded down $0.35 during trading hours on Wednesday, reaching $46.45. 1,518,030 shares of the company traded hands, compared to its average volume of 5,194,923. The stock has a market capitalization of $20.47 billion, a P/E ratio of 18.25, a P/E/G ratio of 1.79 and a beta of 1.08. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.61. Citizens Financial Group, Inc. has a 12-month low of $28.19 and a 12-month high of $49.25. The business has a fifty day moving average price of $43.78 and a 200-day moving average price of $40.41.

Citizens Financial Group (NYSE:CFG - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same period in the previous year, the company earned $0.85 earnings per share. The business's quarterly revenue was down 5.6% compared to the same quarter last year. Equities analysts anticipate that Citizens Financial Group, Inc. will post 3.2 EPS for the current fiscal year.

Citizens Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Wednesday, October 30th were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 3.62%. The ex-dividend date of this dividend was Wednesday, October 30th. Citizens Financial Group's payout ratio is 66.14%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Barclays raised their price objective 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. 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 research report on Wednesday, October 2nd. Piper Sandler lifted their price target on Citizens Financial Group from $48.00 to $53.00 and gave the stock an "overweight" rating in a research report on Tuesday. StockNews.com upgraded Citizens Financial Group from a "sell" rating to a "hold" rating in a research report on Thursday, October 17th. Finally, Citigroup raised their price objective on shares of Citizens Financial Group from $50.00 to $58.00 and gave the stock a "buy" rating in a research note on Thursday, November 21st. Nine investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $46.27.

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.