Atria Investments Inc Sells 5,816 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Atria Investments Inc trimmed its position in Citizens Financial Group, Inc. (NYSE:CFG) by 14.6% during the third quarter, Holdings Channel reports. The institutional investor owned 33,992 shares of the bank’s stock after selling 5,816 shares during the quarter. Atria Investments Inc’s holdings in Citizens Financial Group were worth $1,396,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of CFG. Bleakley Financial Group LLC boosted its position in Citizens Financial Group by 3.6% in the 1st quarter. Bleakley Financial Group LLC now owns 11,027 shares of the bank’s stock valued at $400,000 after buying an additional 385 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position 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 buying an additional 20,649 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its position in Citizens Financial Group by 8.6% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 498,438 shares of the bank’s stock valued at $18,088,000 after buying an additional 39,415 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Citizens Financial Group by 20.9% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 591,639 shares of the bank’s stock valued at $21,471,000 after buying an additional 102,417 shares during the last quarter. Finally, Orion Portfolio Solutions LLC boosted its position in shares of Citizens Financial Group by 20.6% in the 1st quarter. Orion Portfolio Solutions LLC now owns 31,986 shares of the bank’s stock worth $1,161,000 after purchasing an additional 5,459 shares during the last quarter. 94.90% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Barclays raised their price target on Citizens Financial Group from $40.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. Evercore ISI reduced 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. Royal Bank of Canada raised their price target on Citizens Financial Group from $43.00 to $45.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. Stephens raised their price target 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. Finally, Piper Sandler raised their price target on Citizens Financial Group from $45.00 to $48.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Nine investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Citizens Financial Group currently has an average rating of “Hold” and a consensus target price of $43.80.

Citizens Financial Group Stock Performance

Shares of Citizens Financial Group stock opened at $46.77 on Friday. The stock’s fifty day simple moving average is $42.07 and its 200 day simple moving average is $39.30. Citizens Financial Group, Inc. has a 12 month low of $26.13 and a 12 month high of $48.35. The company has a market capitalization of $20.61 billion, a PE ratio of 18.42, a PEG ratio of 1.77 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 0.61.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings results on Wednesday, October 16th. The bank reported $0.79 earnings per share (EPS) for the quarter, meeting 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 the consensus estimate of $1.94 billion. During the same quarter last year, the business posted $0.85 EPS. The company’s revenue for the quarter was down 5.6% on a year-over-year basis. On average, research analysts predict that Citizens Financial Group, Inc. will post 3.2 EPS for the current year.

Citizens Financial Group Dividend Announcement

The company 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 annualized dividend and a dividend yield of 3.59%. The ex-dividend date was Wednesday, October 30th. Citizens Financial Group’s dividend payout ratio is 66.14%.

About Citizens Financial Group

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.