Point72 DIFC Ltd Has $651,000 Stock Position in Citizens Financial Group, Inc. (NYSE:CFG)

Point72 DIFC Ltd lessened its position in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 88.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,847 shares of the bank's stock after selling 123,864 shares during the period. Point72 DIFC Ltd's holdings in Citizens Financial Group were worth $651,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Costello Asset Management INC bought a new position in shares of Citizens Financial Group during the third quarter worth approximately $25,000. Ashton Thomas Securities LLC acquired a new position in Citizens Financial Group in the 3rd quarter valued at $27,000. Catalyst Capital Advisors LLC acquired a new position in Citizens Financial Group in the 3rd quarter valued at $28,000. Innealta Capital LLC acquired a new stake in shares of Citizens Financial Group during the 2nd quarter worth $25,000. Finally, Private Ocean LLC increased its position in shares of Citizens Financial Group by 484.4% in the second quarter. Private Ocean LLC now owns 1,011 shares of the bank's stock worth $36,000 after purchasing an additional 838 shares during the period. Institutional investors and hedge funds own 94.90% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. The Goldman Sachs Group upped their price objective on shares of Citizens Financial Group from $48.00 to $59.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Royal Bank of Canada upped their price target 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. Evercore ISI decreased their price objective on shares of Citizens Financial Group from $47.00 to $46.00 and set an "in-line" rating on the stock in a research note on Wednesday, October 2nd. DA Davidson upped their target price on Citizens Financial Group from $46.00 to $48.00 and gave the stock a "buy" rating in a research note on Thursday, October 17th. Finally, Keefe, Bruyette & Woods lifted their price target on Citizens Financial Group from $46.00 to $53.00 and gave the company a "market perform" rating in a research note on Wednesday. Nine analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, Citizens Financial Group presently has an average rating of "Hold" and a consensus price target of $46.27.

Citizens Financial Group Trading Up 0.6 %

Shares of NYSE:CFG traded up $0.26 during midday trading on Friday, hitting $47.03. 2,616,730 shares of the stock were exchanged, compared to its average volume of 5,181,982. The business's 50-day moving average price is $44.03 and its 200 day moving average price is $40.49. Citizens Financial Group, Inc. has a 12 month low of $28.77 and a 12 month high of $49.25. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.86 and a current ratio of 0.87. The stock has a market capitalization of $20.73 billion, a price-to-earnings ratio of 18.52, a P/E/G ratio of 1.78 and a beta of 1.08.

Citizens Financial Group (NYSE:CFG - Get Free Report) last announced 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. 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 during the quarter, compared to analysts' expectations of $1.94 billion. During the same period in the prior year, the company posted $0.85 EPS. The company's revenue was down 5.6% on a year-over-year basis. Analysts predict 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 announced a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Wednesday, October 30th were issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 3.57%. The ex-dividend date was 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.