Citizens Financial Group, Inc. (NYSE:CFG) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lowered its position in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 6.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 503,421 shares of the bank’s stock after selling 37,402 shares during the period. Victory Capital Management Inc.’s holdings in Citizens Financial Group were worth $20,676,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Cullen Frost Bankers Inc. increased its position in shares of Citizens Financial Group by 12.7% during the second quarter. Cullen Frost Bankers Inc. now owns 2,344 shares of the bank’s stock worth $84,000 after purchasing an additional 264 shares in the last quarter. ZWJ Investment Counsel Inc. increased its position in shares of Citizens Financial Group by 0.3% during the third quarter. ZWJ Investment Counsel Inc. now owns 88,829 shares of the bank’s stock worth $3,648,000 after purchasing an additional 308 shares in the last quarter. Abich Financial Wealth Management LLC increased its position in shares of Citizens Financial Group by 11.5% during the second quarter. Abich Financial Wealth Management LLC now owns 3,250 shares of the bank’s stock worth $117,000 after purchasing an additional 334 shares in the last quarter. Tealwood Asset Management Inc. increased its position in shares of Citizens Financial Group by 0.8% during the third quarter. Tealwood Asset Management Inc. now owns 43,059 shares of the bank’s stock worth $1,768,000 after purchasing an additional 360 shares in the last quarter. Finally, Van ECK Associates Corp increased its position in Citizens Financial Group by 6.0% in the 3rd quarter. Van ECK Associates Corp now owns 6,330 shares of the bank’s stock valued at $262,000 after acquiring an additional 361 shares during the period. Institutional investors and hedge funds own 94.90% of the company’s stock.

Citizens Financial Group Price Performance

Shares of NYSE:CFG opened at $46.57 on Tuesday. The business’s 50 day simple moving average is $42.29 and its 200-day simple moving average is $39.53. The firm has a market capitalization of $20.52 billion, a price-to-earnings ratio of 18.33, a price-to-earnings-growth ratio of 1.78 and a beta of 1.07. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.87 and a quick ratio of 0.86. Citizens Financial Group, Inc. has a 12 month low of $26.13 and a 12 month high of $48.35.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings results on Wednesday, October 16th. The bank reported $0.79 EPS for the quarter, hitting the consensus estimate of $0.79. The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.94 billion. Citizens Financial Group had a return on equity of 5.73% and a net margin of 10.37%. The company’s quarterly revenue was down 5.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.85 EPS. As a group, equities analysts forecast that Citizens Financial Group, Inc. will post 3.2 earnings per share for the current fiscal year.

Citizens Financial Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Wednesday, October 30th were paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 3.61%. The ex-dividend date was Wednesday, October 30th. Citizens Financial Group’s dividend payout ratio (DPR) is 66.14%.

Analyst Ratings Changes

Several brokerages recently issued reports on CFG. StockNews.com upgraded Citizens Financial Group from a “sell” rating to a “hold” rating in a research report on Thursday, October 17th. Evercore ISI dropped their price target on Citizens Financial Group from $47.00 to $46.00 and set an “in-line” rating on the stock in a research report on Wednesday, October 2nd. Morgan Stanley boosted their price target on Citizens Financial Group from $41.00 to $50.00 and gave the company an “equal weight” rating in a research report on Monday, August 5th. DA Davidson boosted their price target on Citizens Financial Group from $46.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. Finally, Keefe, Bruyette & Woods boosted their price target on Citizens Financial Group from $42.00 to $46.00 and gave the company a “market perform” rating in a research report on Monday, September 30th. Nine investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $43.80.

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.