NN Investment Partners Holdings N.V. trimmed its position in shares of Citizens Financial Group Inc (NYSE:CFG) by 1.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 146,899 shares of the bank’s stock after selling 1,722 shares during the quarter. NN Investment Partners Holdings N.V.’s holdings in Citizens Financial Group were worth $5,665,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently bought and sold shares of the company. First Mercantile Trust Co. purchased a new position in Citizens Financial Group during the 2nd quarter worth $102,000. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in Citizens Financial Group by 8,430.3% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,815 shares of the bank’s stock worth $110,000 after acquiring an additional 2,782 shares during the last quarter. TRUE Private Wealth Advisors purchased a new position in Citizens Financial Group during the 3rd quarter worth $113,000. Qube Research & Technologies Ltd boosted its holdings in Citizens Financial Group by 120.2% during the 2nd quarter. Qube Research & Technologies Ltd now owns 5,120 shares of the bank’s stock worth $199,000 after acquiring an additional 2,795 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its holdings in Citizens Financial Group by 1,477.3% during the 2nd quarter. Advisors Asset Management Inc. now owns 84,021 shares of the bank’s stock worth $202,000 after acquiring an additional 78,694 shares during the last quarter. 97.59% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE:CFG opened at $37.52 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.98 and a debt-to-equity ratio of 0.79. The stock has a market capitalization of $17.71 billion, a P/E ratio of 11.32, a P/E/G ratio of 0.69 and a beta of 1.25. Citizens Financial Group Inc has a fifty-two week low of $34.88 and a fifty-two week high of $48.23.
Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings results on Friday, October 19th. The bank reported $0.93 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.03. The company had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.56 billion. Citizens Financial Group had a net margin of 27.12% and a return on equity of 8.11%. The firm’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.63 EPS. On average, analysts expect that Citizens Financial Group Inc will post 3.52 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 14th. Investors of record on Wednesday, October 31st will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date of this dividend is Tuesday, October 30th. Citizens Financial Group’s dividend payout ratio (DPR) is currently 41.86%.
A number of equities analysts have issued reports on the stock. Zacks Investment Research raised shares of Citizens Financial Group from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a report on Wednesday, July 18th. ValuEngine raised shares of Citizens Financial Group from a “sell” rating to a “hold” rating in a report on Monday, July 16th. Morgan Stanley cut their price objective on shares of Citizens Financial Group from $53.00 to $51.00 and set an “overweight” rating on the stock in a report on Tuesday, September 18th. Macquarie raised shares of Citizens Financial Group from an “underperform” rating to a “neutral” rating and set a $38.00 price objective on the stock in a report on Monday, October 22nd. Finally, Bank of America raised shares of Citizens Financial Group from an “underperform” rating to a “buy” rating and set a $43.00 price objective on the stock in a report on Monday, October 22nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the stock. Citizens Financial Group has a consensus rating of “Hold” and an average target price of $45.09.
In related news, Director Charles John Koch purchased 14,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 23rd. The shares were bought at an average cost of $36.32 per share, with a total value of $508,480.00. Following the acquisition, the director now owns 49,937 shares of the company’s stock, valued at $1,813,711.84. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.22% of the stock is currently owned by insiders.
Citizens Financial Group Profile
Citizens Financial Group, Inc operates as the bank holding company for Citizens Bank, National Association and Citizens Bank of Pennsylvania that provide retail and commercial banking products and services in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.
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