Mutual of America Capital Management LLC Sells 2,176 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Mutual of America Capital Management LLC lowered its position in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 3.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 55,207 shares of the bank’s stock after selling 2,176 shares during the period. Mutual of America Capital Management LLC’s holdings in Citizens Financial Group were worth $2,267,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in CFG. Costello Asset Management INC bought a new position in Citizens Financial Group during the 3rd quarter worth $25,000. Ashton Thomas Securities LLC acquired a new position in shares of Citizens Financial Group in the third quarter valued at about $27,000. Catalyst Capital Advisors LLC bought a new position in Citizens Financial Group during the third quarter worth about $28,000. Innealta Capital LLC bought a new stake in Citizens Financial Group in the 2nd quarter valued at about $25,000. Finally, Versant Capital Management Inc grew its position in shares of Citizens Financial Group by 262.8% during the 2nd quarter. Versant Capital Management Inc now owns 936 shares of the bank’s stock worth $34,000 after purchasing an additional 678 shares in the last quarter. 94.90% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CFG. Keefe, Bruyette & Woods lifted their price target on shares of 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. Morgan Stanley lifted their price objective on Citizens Financial Group from $41.00 to $50.00 and gave the company an “equal weight” rating in a report on Monday, August 5th. Royal Bank of Canada increased their target price on Citizens Financial Group from $43.00 to $45.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Barclays boosted their price target on Citizens Financial Group from $40.00 to $47.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. Finally, StockNews.com upgraded shares of Citizens Financial Group from a “sell” rating to a “hold” rating in a research note on Thursday, October 17th. Nine equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $44.80.

Citizens Financial Group Stock Performance

Shares of Citizens Financial Group stock opened at $47.65 on Monday. The company’s 50 day moving average price is $42.83 and its two-hundred day moving average price is $39.84. The firm has a market capitalization of $21.00 billion, a P/E ratio of 18.76, a P/E/G 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 fifty-two week low of $26.13 and a fifty-two week 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, meeting analysts’ consensus estimates of $0.79. The firm 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 business’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same period last year, the firm posted $0.85 earnings per share. On average, 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 firm also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Wednesday, October 30th were given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 3.53%. The ex-dividend date of this dividend was Wednesday, October 30th. Citizens Financial Group’s dividend payout ratio (DPR) is currently 66.14%.

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.