Citizens Financial Group, Inc. (NYSE:CFG) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC decreased its stake in Citizens Financial Group, Inc. (NYSE:CFG) by 77.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,359 shares of the bank’s stock after selling 95,814 shares during the period. SG Americas Securities LLC’s holdings in Citizens Financial Group were worth $1,165,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in Citizens Financial Group by 35.9% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 78,203 shares of the bank’s stock valued at $2,838,000 after purchasing an additional 20,649 shares in the last quarter. Canada Pension Plan Investment Board grew its stake in Citizens Financial Group by 101.6% in the 1st quarter. Canada Pension Plan Investment Board now owns 761,679 shares of the bank’s stock valued at $27,641,000 after acquiring an additional 383,947 shares during the last quarter. Duality Advisers LP purchased a new position in Citizens Financial Group during the 1st quarter valued at about $1,180,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Citizens Financial Group during the fourth quarter worth about $5,965,000. Finally, Lloyd Advisory Services LLC. purchased a new stake in shares of Citizens Financial Group in the first quarter valued at about $930,000. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Stock Down 0.4 %

Shares of Citizens Financial Group stock opened at $41.30 on Friday. Citizens Financial Group, Inc. has a 1-year low of $22.77 and a 1-year high of $43.96. The company has a market capitalization of $18.79 billion, a PE ratio of 14.96, a P/E/G ratio of 1.43 and a beta of 1.07. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.87 and a quick ratio of 0.86. The business has a 50-day moving average of $40.87 and a 200-day moving average of $37.73.

Citizens Financial Group (NYSE:CFG) last announced its earnings results on Wednesday, July 17th. The bank reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.01). Citizens Financial Group had a net margin of 10.74% and a return on equity of 6.21%. The business had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.95 billion. During the same period in the previous year, the company earned $0.92 earnings per share. The business’s revenue for the quarter was down 6.3% on a year-over-year basis. As a group, equities analysts forecast that Citizens Financial Group, Inc. will post 3.24 EPS for the current fiscal year.

Citizens Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Wednesday, July 31st were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 4.07%. The ex-dividend date of this dividend was Wednesday, July 31st. Citizens Financial Group’s dividend payout ratio is presently 60.87%.

Insider Buying and Selling at Citizens Financial Group

In other news, insider Craig Jack Read sold 3,938 shares of Citizens Financial Group stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $43.26, for a total value of $170,357.88. Following the completion of the transaction, the insider now directly owns 33,620 shares of the company’s stock, valued at approximately $1,454,401.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.62% of the stock is owned by insiders.

Wall Street Analyst Weigh In

CFG has been the subject of a number of recent research reports. Evercore ISI dropped their price objective on shares of Citizens Financial Group from $47.00 to $46.00 and set an “in-line” rating for the company in a research note on Wednesday, October 2nd. DA Davidson boosted their price target on Citizens Financial Group from $41.00 to $46.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Raymond James assumed coverage on Citizens Financial Group in a research note on Thursday, July 11th. They set a “market perform” rating on the stock. StockNews.com downgraded shares of Citizens Financial Group from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, Jefferies Financial Group raised their price target on shares of Citizens Financial Group from $36.00 to $37.00 and gave the stock a “hold” rating in a research note on Wednesday, July 3rd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Citizens Financial Group has an average rating of “Hold” and a consensus target price of $43.07.

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.