Citizens Financial Group, Inc. (NYSE:CFG) Shares Sold by Cedrus LLC

Cedrus LLC trimmed its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 40.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,636 shares of the bank’s stock after selling 3,797 shares during the quarter. Cedrus LLC’s holdings in Citizens Financial Group were worth $231,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Innealta Capital LLC acquired a new position in shares of Citizens Financial Group during the second quarter worth about $25,000. Versant Capital Management Inc lifted its stake in Citizens Financial Group by 262.8% in the second quarter. Versant Capital Management Inc now owns 936 shares of the bank’s stock worth $34,000 after acquiring an additional 678 shares during the last quarter. Private Ocean LLC grew its holdings in 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 acquiring an additional 838 shares in the last quarter. Friedenthal Financial purchased a new stake in shares of Citizens Financial Group in the 3rd quarter valued at approximately $50,000. Finally, Claro Advisors LLC acquired a new stake in shares of Citizens Financial Group in the 3rd quarter valued at $50,000. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Insider Buying and Selling

In other Citizens Financial Group news, insider Craig Jack Read sold 3,938 shares of Citizens Financial Group stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $43.26, for a total value of $170,357.88. Following the sale, the insider now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.62% of the stock is currently owned by corporate insiders.

Citizens Financial Group Stock Up 0.8 %

Citizens Financial Group stock opened at $42.47 on Monday. The stock has a 50 day moving average of $41.33 and a two-hundred day moving average of $38.09. Citizens Financial Group, Inc. has a twelve month low of $22.77 and a twelve month high of $44.39. The stock has a market capitalization of $19.32 billion, a price-to-earnings ratio of 15.39, a PEG ratio of 1.42 and a beta of 1.07. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.60.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings results on Wednesday, October 16th. The bank reported $0.79 earnings per share for the quarter, hitting the consensus estimate of $0.79. The firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.94 billion. Citizens Financial Group had a return on equity of 6.21% and a net margin of 10.74%. The company’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same period last year, the company earned $0.85 earnings per share. As a group, research analysts expect that Citizens Financial Group, Inc. will post 3.22 earnings per share for the current year.

Citizens Financial Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 13th. Stockholders of record on Wednesday, October 30th will be paid a dividend of $0.42 per share. The ex-dividend date is Wednesday, October 30th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.96%. Citizens Financial Group’s dividend payout ratio (DPR) is 60.87%.

Analyst Upgrades and Downgrades

Several research firms recently commented on CFG. The Goldman Sachs Group increased their target price on Citizens Financial Group from $43.00 to $49.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Stephens raised their target price on Citizens Financial Group from $40.00 to $42.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. Jefferies Financial Group upped their price target on Citizens Financial Group from $36.00 to $37.00 and gave the company a “hold” rating in a report on Wednesday, July 3rd. Barclays raised their price objective on shares of Citizens Financial Group from $40.00 to $47.00 and gave the stock an “equal weight” rating in a report on Thursday. Finally, Keefe, Bruyette & Woods upped their target price on shares of Citizens Financial Group from $42.00 to $46.00 and gave the company a “market perform” rating in a report on Monday, September 30th. Ten analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Citizens Financial Group currently has a consensus rating of “Hold” and a consensus price target 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.