Citizens Financial Group, Inc. (NYSE:CFG) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP lowered its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 6.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 217,994 shares of the bank’s stock after selling 16,161 shares during the period. Quantbot Technologies LP’s holdings in Citizens Financial Group were worth $9,539,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CFG. Ashton Thomas Securities LLC acquired a new stake in shares of Citizens Financial Group in the third quarter valued at about $27,000. Venturi Wealth Management LLC grew its stake in Citizens Financial Group by 174.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 4,076 shares of the bank’s stock valued at $167,000 after acquiring an additional 2,593 shares in the last quarter. Apollon Wealth Management LLC raised its holdings in Citizens Financial Group by 46.0% in the 3rd quarter. Apollon Wealth Management LLC now owns 22,173 shares of the bank’s stock valued at $911,000 after acquiring an additional 6,989 shares during the last quarter. MQS Management LLC purchased a new position in Citizens Financial Group in the 3rd quarter worth approximately $261,000. Finally, Curi RMB Capital LLC increased its holdings in shares of Citizens Financial Group by 2.0% in the third quarter. Curi RMB Capital LLC now owns 187,776 shares of the bank’s stock valued at $7,712,000 after purchasing an additional 3,636 shares during the last quarter. 94.90% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CFG has been the subject of a number of recent analyst reports. Compass Point lifted their price target on shares of Citizens Financial Group from $45.00 to $57.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Raymond James restated a “strong-buy” rating and set a $58.00 target price (up from $55.00) on shares of Citizens Financial Group in a report on Tuesday, January 21st. Citigroup boosted their price target on shares of Citizens Financial Group from $50.00 to $58.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Barclays upped their target price on shares of Citizens Financial Group from $47.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Monday, January 6th. Finally, The Goldman Sachs Group raised their price target on shares of Citizens Financial Group from $48.00 to $59.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Nine research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $49.22.

Citizens Financial Group Price Performance

Shares of NYSE:CFG opened at $39.68 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.85 and a current ratio of 0.85. Citizens Financial Group, Inc. has a one year low of $32.06 and a one year high of $49.25. The business’s fifty day moving average price is $45.54 and its two-hundred day moving average price is $44.17. The stock has a market cap of $17.35 billion, a PE ratio of 13.10, a price-to-earnings-growth ratio of 0.81 and a beta of 1.06.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings results on Friday, January 17th. The bank reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.02. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The company had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same period in the previous year, the firm posted $0.85 EPS. Citizens Financial Group’s revenue was down .1% on a year-over-year basis. On average, analysts forecast that Citizens Financial Group, Inc. will post 3.92 EPS for the current fiscal year.

Citizens Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were paid a dividend of $0.42 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.68 annualized dividend and a dividend yield of 4.23%. Citizens Financial Group’s dividend payout ratio is presently 55.45%.

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.