Keybank National Association OH Sells 8,982 Shares of Citizens Financial Group Inc (NYSE:CFG)

Keybank National Association OH cut its stake in Citizens Financial Group Inc (NYSE:CFG) by 15.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 49,712 shares of the bank’s stock after selling 8,982 shares during the quarter. Keybank National Association OH’s holdings in Citizens Financial Group were worth $1,758,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in CFG. ZWJ Investment Counsel Inc. boosted its holdings in shares of Citizens Financial Group by 107.3% in the first quarter. ZWJ Investment Counsel Inc. now owns 379,327 shares of the bank’s stock worth $12,328,000 after buying an additional 196,319 shares during the last quarter. Thor Advisors LLC purchased a new position in shares of Citizens Financial Group in the first quarter worth approximately $72,000. Ontario Teachers Pension Plan Board boosted its holdings in shares of Citizens Financial Group by 169.3% in the first quarter. Ontario Teachers Pension Plan Board now owns 21,325 shares of the bank’s stock worth $693,000 after buying an additional 13,405 shares during the last quarter. Amundi Pioneer Asset Management Inc. boosted its holdings in shares of Citizens Financial Group by 2.8% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 567,631 shares of the bank’s stock worth $18,448,000 after buying an additional 15,663 shares during the last quarter. Finally, Wellington Shields Capital Management LLC boosted its holdings in shares of Citizens Financial Group by 68.9% in the first quarter. Wellington Shields Capital Management LLC now owns 16,000 shares of the bank’s stock worth $520,000 after buying an additional 6,525 shares during the last quarter. Hedge funds and other institutional investors own 95.21% of the company’s stock.

Shares of NYSE:CFG opened at $32.40 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.96 and a quick ratio of 0.95. Citizens Financial Group Inc has a 1-year low of $27.62 and a 1-year high of $41.76. The company has a market capitalization of $14.49 billion, a P/E ratio of 9.10, a P/E/G ratio of 1.86 and a beta of 1.45. The firm’s 50 day simple moving average is $35.37 and its two-hundred day simple moving average is $35.10.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings results on Friday, July 19th. The bank reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.02. Citizens Financial Group had a net margin of 22.61% and a return on equity of 8.94%. The business had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter in the previous year, the firm earned $0.88 earnings per share. On average, sell-side analysts anticipate that Citizens Financial Group Inc will post 3.82 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Wednesday, July 31st were issued a dividend of $0.36 per share. The ex-dividend date of this dividend was Tuesday, July 30th. This represents a $1.44 annualized dividend and a yield of 4.44%. This is an increase from Citizens Financial Group’s previous quarterly dividend of $0.32. Citizens Financial Group’s payout ratio is currently 40.45%.

A number of equities analysts recently issued reports on the stock. UBS Group downgraded shares of Citizens Financial Group from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $40.00 to $38.00 in a report on Wednesday, July 10th. JPMorgan Chase & Co. dropped their price objective on shares of Citizens Financial Group from $41.50 to $40.50 and set an “overweight” rating on the stock in a report on Tuesday, July 9th. Zacks Investment Research downgraded shares of Citizens Financial Group from a “hold” rating to a “sell” rating and set a $37.00 price objective on the stock. in a report on Friday, July 12th. ValuEngine raised shares of Citizens Financial Group from a “strong sell” rating to a “sell” rating in a report on Friday, April 19th. Finally, Citigroup downgraded shares of Citizens Financial Group from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $40.00 to $35.00 in a report on Friday, July 12th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company’s stock. Citizens Financial Group has a consensus rating of “Hold” and a consensus price target of $40.42.

Citizens Financial Group Company Profile

Citizens Financial Group, Inc operates as the bank holding company for Citizens Bank, National Association and Citizens Bank of Pennsylvania that provides 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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Institutional Ownership by Quarter for Citizens Financial Group (NYSE:CFG)

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