Today, BB&T Corp Reached $1,067,000 position of Citizens Financial Group Inc. (CFG)

Today, BB&T Corp Reached $1,067,000 position  of Citizens Financial Group Inc. (CFG)

BB&T Corp lowered its stake in shares of Citizens Financial Group Inc. (NYSE:CFG) by 33.2% during the third quarter, Holdings Channel reports. The fund owned 43,178 shares of the company’s stock after selling 21,438 shares during the period. BB&T Corp’s holdings in Citizens Financial Group were worth $1,067,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Emerald Acquisition Ltd. bought a new stake in Citizens Financial Group during the second quarter valued at approximately $59,043,000. BlackRock Institutional Trust Company N.A. boosted its stake in Citizens Financial Group by 21.0% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 16,401,683 shares of the company’s stock valued at $327,706,000 after buying an additional 2,845,134 shares in the last quarter. Bank of Montreal Can bought a new stake in Citizens Financial Group during the second quarter valued at approximately $54,724,000. JPMorgan Chase & Co. boosted its stake in Citizens Financial Group by 13.5% in the second quarter. JPMorgan Chase & Co. now owns 21,756,438 shares of the company’s stock valued at $434,694,000 after buying an additional 2,594,312 shares in the last quarter. Finally, RidgeWorth Capital Management LLC bought a new stake in Citizens Financial Group during the second quarter valued at approximately $44,291,000. 96.20% of the stock is owned by hedge funds and other institutional investors.

Shares of Citizens Financial Group Inc. (NYSE:CFG) traded up 1.50% during mid-day trading on Thursday, hitting $32.40. 5,689,655 shares of the stock were exchanged. Citizens Financial Group Inc. has a 52-week low of $18.04 and a 52-week high of $32.63. The firm has a market cap of $16.79 billion, a price-to-earnings ratio of 17.61 and a beta of 1.10. The stock has a 50-day moving average price of $27.43 and a 200 day moving average price of $23.91.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings data on Friday, October 21st. The company reported $0.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.03. Citizens Financial Group had a net margin of 17.53% and a return on equity of 4.88%. The company earned $1.38 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same period in the prior year, the firm earned $0.40 earnings per share. The firm’s revenue for the quarter was up 14.1% compared to the same quarter last year. On average, equities research analysts expect that Citizens Financial Group Inc. will post $1.93 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 16th. Investors of record on Wednesday, November 2nd were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend was Monday, October 31st. Citizens Financial Group’s dividend payout ratio (DPR) is presently 25.95%.

Several equities research analysts have recently commented on CFG shares. Sanford C. Bernstein cut shares of Citizens Financial Group from an “outperform” rating to a “market perform” rating and raised their target price for the stock from $29.00 to $32.00 in a research report on Wednesday, November 16th. They noted that the move was a valuation call. Wedbush began coverage on shares of Citizens Financial Group in a research report on Thursday, October 6th. They issued an “outperform” rating and a $29.00 target price for the company. Citigroup Inc. cut shares of Citizens Financial Group from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 15th. Zacks Investment Research cut shares of Citizens Financial Group from a “buy” rating to a “hold” rating in a research report on Thursday, November 17th. Finally, Credit Suisse Group AG lifted their price target on shares of Citizens Financial Group from $23.00 to $26.00 and gave the company a “neutral” rating in a research report on Thursday, September 8th. Ten investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Citizens Financial Group has an average rating of “Hold” and a consensus price target of $29.21.

Citizens Financial Group Company Profile

Citizens Financial Group, Inc is a retail bank holding company in the United States. The Company offers a range of retail and commercial banking products and services to individuals, institutions and companies. The Company operates in two segments: Consumer Banking and Commercial Banking. The Company’s Consumer Banking serves retail customers and small businesses.

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