Cable Hill Partners LLC Sells 684 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Cable Hill Partners LLC decreased its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 10.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,153 shares of the bank’s stock after selling 684 shares during the quarter. Cable Hill Partners LLC’s holdings in Citizens Financial Group were worth $253,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bleakley Financial Group LLC lifted its position in shares of Citizens Financial Group by 3.6% during the first quarter. Bleakley Financial Group LLC now owns 11,027 shares of the bank’s stock worth $400,000 after purchasing an additional 385 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in Citizens Financial Group by 35.9% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 78,203 shares of the bank’s stock worth $2,838,000 after purchasing an additional 20,649 shares in the last quarter. State Board of Administration of Florida Retirement System increased its holdings in Citizens Financial Group by 8.6% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 498,438 shares of the bank’s stock worth $18,088,000 after purchasing an additional 39,415 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Citizens Financial Group by 20.9% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 591,639 shares of the bank’s stock valued at $21,471,000 after purchasing an additional 102,417 shares in the last quarter. Finally, Orion Portfolio Solutions LLC lifted its holdings in shares of Citizens Financial Group by 20.6% in the 1st quarter. Orion Portfolio Solutions LLC now owns 31,986 shares of the bank’s stock worth $1,161,000 after buying an additional 5,459 shares during the period. 94.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CFG has been the topic of several research reports. UBS Group raised their price target on Citizens Financial Group from $42.00 to $46.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Keefe, Bruyette & Woods boosted 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 report on Monday, September 30th. StockNews.com raised shares of Citizens Financial Group from a “sell” rating to a “hold” rating in a report on Thursday, October 17th. Royal Bank of Canada upped 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. Finally, Stephens boosted their price target on Citizens Financial Group from $40.00 to $42.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. Nine research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $43.80.

Citizens Financial Group Trading Up 0.3 %

NYSE CFG opened at $46.58 on Friday. The company has a market capitalization of $20.53 billion, a price-to-earnings ratio of 18.34, a price-to-earnings-growth ratio of 1.77 and a beta of 1.07. Citizens Financial Group, Inc. has a 12 month low of $26.13 and a 12 month high of $48.35. The company’s fifty day moving average price is $41.97 and its two-hundred day moving average price is $39.25. 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 (NYSE:CFG) last released its quarterly earnings results on Wednesday, October 16th. The bank reported $0.79 EPS for the quarter, hitting the consensus estimate of $0.79. Citizens Financial Group had a net margin of 10.37% and a return on equity of 5.73%. The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the prior year, the firm earned $0.85 earnings per share. The company’s quarterly revenue was down 5.6% on a year-over-year basis. As a group, research analysts predict 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 disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Wednesday, October 30th were paid a $0.42 dividend. The ex-dividend date was Wednesday, October 30th. This represents a $1.68 annualized dividend and a dividend yield of 3.61%. Citizens Financial Group’s dividend payout ratio is currently 66.14%.

Citizens Financial Group Company 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.