Natixis Advisors LLC Sells 148,213 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Natixis Advisors LLC cut its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 18.5% during the third quarter, Holdings Channel reports. The fund owned 651,635 shares of the bank’s stock after selling 148,213 shares during the period. Natixis Advisors LLC’s holdings in Citizens Financial Group were worth $26,763,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Canada Pension Plan Investment Board grew its holdings in shares of Citizens Financial Group by 101.6% during the first quarter. Canada Pension Plan Investment Board now owns 761,679 shares of the bank’s stock worth $27,641,000 after purchasing an additional 383,947 shares during the last quarter. Versor Investments LP bought a new position in shares of Citizens Financial Group in the third quarter valued at about $1,910,000. UniSuper Management Pty Ltd lifted its position in Citizens Financial Group by 1,045.4% during the 1st quarter. UniSuper Management Pty Ltd now owns 25,692 shares of the bank’s stock worth $932,000 after buying an additional 23,449 shares in the last quarter. CWM LLC grew its holdings in Citizens Financial Group by 77.1% during the 2nd quarter. CWM LLC now owns 40,699 shares of the bank’s stock worth $1,466,000 after acquiring an additional 17,718 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in Citizens Financial Group in the 2nd quarter valued at about $5,009,000. 94.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on CFG shares. Piper Sandler upped their target price on shares of Citizens Financial Group from $45.00 to $48.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Barclays upped their price objective on Citizens Financial Group from $40.00 to $47.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. Morgan Stanley lifted their target price on 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. Keefe, Bruyette & Woods upped their price target on Citizens Financial Group from $42.00 to $46.00 and gave the company a “market perform” rating in a research note on Monday, September 30th. Finally, StockNews.com upgraded Citizens Financial Group from a “sell” rating to a “hold” rating in a research report on Thursday, October 17th. Nine investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $43.80.

Citizens Financial Group Trading Down 0.4 %

Shares of NYSE CFG opened at $46.57 on Tuesday. Citizens Financial Group, Inc. has a twelve month low of $26.13 and a twelve month high of $48.35. The stock has a market cap of $20.52 billion, a price-to-earnings ratio of 18.33, a P/E/G ratio of 1.78 and a beta of 1.07. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.61. The company’s fifty day moving average is $42.29 and its 200-day moving average is $39.53.

Citizens Financial Group (NYSE:CFG) last posted its earnings results on Wednesday, October 16th. The bank reported $0.79 earnings per share for the quarter, hitting the consensus estimate of $0.79. Citizens Financial Group had a return on equity of 5.73% and a net margin of 10.37%. 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 posted $0.85 earnings per share. The company’s revenue for the quarter was down 5.6% on a year-over-year basis. Equities research analysts predict that Citizens Financial Group, Inc. will post 3.2 EPS for the current year.

Citizens Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Wednesday, October 30th were paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date was Wednesday, October 30th. Citizens Financial Group’s payout ratio 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.