Stifel Financial Corp Sells 34,447 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Stifel Financial Corp decreased its position in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 10.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 291,374 shares of the bank's stock after selling 34,447 shares during the quarter. Stifel Financial Corp owned about 0.07% of Citizens Financial Group worth $11,967,000 as of its most recent SEC filing.

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

Citizens Financial Group Trading Down 1.5 %

Shares of CFG traded down $0.69 during mid-day trading on Thursday, reaching $45.54. 3,878,869 shares of the company were exchanged, compared to its average volume of 5,184,753. The stock has a market capitalization of $20.07 billion, a PE ratio of 17.93, a PEG ratio of 1.79 and a beta of 1.08. Citizens Financial Group, Inc. has a 52 week low of $29.23 and a 52 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 has a 50 day simple moving average of $44.51 and a two-hundred day simple moving average of $40.82.

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 (EPS) for the quarter, meeting analysts' consensus estimates of $0.79. The company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.94 billion. Citizens Financial Group had a return on equity of 5.73% and a net margin of 10.37%. The firm's revenue was down 5.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.85 EPS. On average, analysts predict that Citizens Financial Group, Inc. will post 3.2 earnings per share for the current fiscal year.

Citizens Financial Group Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Wednesday, October 30th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.69%. Citizens Financial Group's dividend payout ratio (DPR) is presently 66.14%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Piper Sandler upped their price target on shares of Citizens Financial Group from $48.00 to $53.00 and gave the stock an "overweight" rating in a report on Tuesday, December 3rd. Keefe, Bruyette & Woods raised their target price on Citizens Financial Group from $46.00 to $53.00 and gave the company a "market perform" rating in a report on Wednesday, December 4th. The Goldman Sachs Group upped their price objective on Citizens Financial Group from $48.00 to $59.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Barclays boosted their target price on 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. Finally, StockNews.com upgraded shares of Citizens Financial Group from a "sell" rating to a "hold" rating in a research note on Thursday, October 17th. Nine research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, Citizens Financial Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $46.94.

Citizens Financial Group 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.