Citizens Financial Group, Inc. (NYSE:CFG) Shares Sold by Point72 Hong Kong Ltd

Point72 Hong Kong Ltd trimmed its position in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 35.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 66,851 shares of the bank's stock after selling 35,995 shares during the period. Point72 Hong Kong Ltd's holdings in Citizens Financial Group were worth $2,746,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. AQR Capital Management LLC raised its stake in 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 valued at $155,909,000 after purchasing an additional 1,682,886 shares during the period. Assenagon Asset Management S.A. increased its position in shares of Citizens Financial Group by 3,234.6% during the 2nd 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. Bank of Montreal Can boosted its holdings in Citizens Financial Group by 51.1% during the 3rd quarter. Bank of Montreal Can now owns 2,644,542 shares of the bank's stock valued at $107,897,000 after acquiring an additional 894,322 shares during the period. BNP Paribas Financial Markets boosted its holdings in Citizens Financial Group by 124.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,511,148 shares of the bank's stock valued at $62,063,000 after acquiring an additional 838,917 shares during the period. Finally, National Bank of Canada FI boosted its holdings in Citizens Financial Group by 680.1% during the 2nd quarter. National Bank of Canada FI now owns 803,919 shares of the bank's stock valued at $28,804,000 after acquiring an additional 700,860 shares during the period. 94.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Evercore ISI lowered 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. DA Davidson upped their price objective 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. Citigroup upped their price objective on Citizens Financial Group from $50.00 to $58.00 and gave the stock a "buy" rating in a research note on Thursday, November 21st. Morgan Stanley upped their price objective on Citizens Financial Group from $41.00 to $50.00 and gave the stock an "equal weight" rating in a research note on Monday, August 5th. Finally, Royal Bank of Canada increased their price objective on Citizens Financial Group from $43.00 to $45.00 and gave the company an "outperform" rating in a report on Thursday, October 17th. Nine research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $45.47.

Citizens Financial Group Trading Down 1.9 %

Shares of NYSE CFG traded down $0.92 during trading on Monday, reaching $47.22. The stock had a trading volume of 1,577,200 shares, compared to its average volume of 5,205,241. Citizens Financial Group, Inc. has a fifty-two week low of $27.97 and a fifty-two week 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 business's 50-day moving average price is $43.54 and its 200-day moving average price is $40.26. The company has a market cap of $20.81 billion, a P/E ratio of 18.95, a PEG ratio of 1.83 and a beta of 1.07.

Citizens Financial Group (NYSE:CFG - Get Free Report) last posted its earnings results on Wednesday, October 16th. The bank reported $0.79 EPS for the quarter, hitting analysts' consensus estimates of $0.79. Citizens Financial Group had a return on equity of 5.73% and a net margin of 10.37%. The business had revenue of $1.90 billion for the quarter, compared to analysts' expectations of $1.94 billion. During the same quarter in the previous year, the firm earned $0.85 earnings per share. The business's revenue was down 5.6% compared to the same quarter last year. On average, equities research analysts predict that Citizens Financial Group, Inc. will post 3.2 EPS for the current fiscal year.

Citizens Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Wednesday, October 30th were given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.56%. The ex-dividend date was Wednesday, October 30th. Citizens Financial Group's dividend payout ratio (DPR) is currently 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.