Impax Asset Management Group plc Sells 195,947 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Impax Asset Management Group plc reduced its stake in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 21.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 696,939 shares of the bank's stock after selling 195,947 shares during the quarter. Impax Asset Management Group plc owned approximately 0.15% of Citizens Financial Group worth $28,623,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. AQR Capital Management LLC boosted 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 worth $155,909,000 after buying an additional 1,682,886 shares during the period. Capital International Investors boosted its holdings in Citizens Financial Group by 4.4% during the first quarter. Capital International Investors now owns 36,709,412 shares of the bank's stock valued at $1,332,185,000 after acquiring an additional 1,552,333 shares during the period. Assenagon Asset Management S.A. grew its position in shares of Citizens Financial Group by 3,234.6% in the second quarter. Assenagon Asset Management S.A. now owns 1,100,988 shares of the bank's stock valued at $39,669,000 after purchasing an additional 1,067,971 shares during the last quarter. National Bank of Canada FI increased its stake in shares of Citizens Financial Group by 680.1% in the second quarter. National Bank of Canada FI now owns 803,919 shares of the bank's stock worth $28,804,000 after purchasing an additional 700,860 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in shares of Citizens Financial Group by 15.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,429,264 shares of the bank's stock worth $159,550,000 after purchasing an additional 587,115 shares during the last quarter. Institutional investors own 94.90% of the company's stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Keefe, Bruyette & Woods raised their target price on Citizens Financial Group from $42.00 to $46.00 and gave the company a "market perform" rating in a report on Monday, September 30th. Morgan Stanley upped their target price on shares of Citizens Financial Group from $41.00 to $50.00 and gave the company an "equal weight" rating in a research note on Monday, August 5th. Raymond James assumed coverage on shares of Citizens Financial Group in a research report on Thursday, July 11th. They issued a "market perform" rating on the stock. Evercore ISI cut their price objective on shares of 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. Finally, UBS Group boosted their price target on Citizens Financial Group from $42.00 to $46.00 and gave the company a "buy" rating in a research note on Thursday, July 18th. Nine research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, Citizens Financial Group has an average rating of "Hold" and a consensus target price of $43.80.

Citizens Financial Group Price Performance

NYSE:CFG traded up $0.63 on Tuesday, reaching $42.22. The stock had a trading volume of 2,970,747 shares, compared to its average volume of 5,315,542. The company has a market capitalization of $18.79 billion, a P/E ratio of 16.62, a price-to-earnings-growth ratio of 1.59 and a beta of 1.07. The stock has a fifty day moving average price of $41.50 and a 200-day moving average price of $38.79. 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 1-year low of $24.61 and a 1-year high of $44.39.

Citizens Financial Group (NYSE:CFG - Get Free Report) last released its quarterly earnings results on Wednesday, October 16th. The bank reported $0.79 earnings per share for the quarter, meeting analysts' consensus estimates of $0.79. The firm 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%. The business's revenue was down 5.6% on a year-over-year basis. During the same period last year, the firm posted $0.85 EPS. Research analysts forecast that Citizens Financial Group, Inc. will post 3.19 EPS for the current year.

Citizens Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 13th. Shareholders of record on Wednesday, October 30th will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 3.98%. The ex-dividend date of this dividend is 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.