Pzena Investment Management LLC cut its position in Citizens Financial Group Inc. (NYSE:CFG) by 0.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,092,046 shares of the company’s stock after selling 3,625 shares during the period. Pzena Investment Management LLC owned approximately 0.40% of Citizens Financial Group worth $51,694,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Tower Research Capital LLC TRC raised its stake in Citizens Financial Group by 927.3% in the second quarter. Tower Research Capital LLC TRC now owns 5,239 shares of the company’s stock worth $105,000 after buying an additional 4,729 shares during the period. Point72 Asset Management L.P. bought a new stake in Citizens Financial Group during the second quarter worth about $110,000. Capital Analysts LLC raised its stake in Citizens Financial Group by 2,002.7% in the second quarter. Capital Analysts LLC now owns 1,535 shares of the company’s stock worth $111,000 after buying an additional 1,462 shares during the period. Acrospire Investment Management LLC raised its stake in Citizens Financial Group by 90.1% in the second quarter. Acrospire Investment Management LLC now owns 6,465 shares of the company’s stock worth $129,000 after buying an additional 3,065 shares during the period. Finally, Point72 Asia Hong Kong Ltd bought a new stake in Citizens Financial Group during the second quarter worth about $142,000. 96.20% of the stock is owned by institutional investors and hedge funds.
Citizens Financial Group Inc. (NYSE:CFG) opened at 32.40 on Friday. Citizens Financial Group Inc. has a 12 month low of $18.04 and a 12 month high of $32.63. The company has a market capitalization of $16.79 billion, a PE ratio of 17.61 and a beta of 1.10. The company 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 announced its quarterly earnings data on Friday, October 21st. The company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. The company had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.31 billion. Citizens Financial Group had a return on equity of 4.88% and a net margin of 17.53%. The business’s revenue was up 14.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.40 EPS. On average, equities research analysts forecast that Citizens Financial Group Inc. will post $1.93 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 16th. Investors of record on Wednesday, November 2nd were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date was Monday, October 31st. Citizens Financial Group’s payout ratio is presently 25.95%.
A number of research firms recently commented on CFG. Citigroup Inc. increased their price objective on Citizens Financial Group from $23.00 to $26.00 in a report on Thursday, September 8th. Oppenheimer Holdings Inc. set a $25.00 price objective on Citizens Financial Group and gave the stock a “buy” rating in a report on Friday, October 21st. Zacks Investment Research upgraded Citizens Financial Group from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a report on Tuesday, November 1st. TheStreet upgraded Citizens Financial Group from a “hold” rating to a “buy” rating in a report on Friday, September 23rd. Finally, Sandler O’Neill downgraded Citizens Financial Group from a “buy” rating to a “hold” rating and set a $31.00 price objective on the stock. in a report on Monday, November 14th. Ten analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Citizens Financial Group currently has an average rating of “Hold” and a consensus price target of $29.21.
About Citizens Financial Group