Fort Washington Investment Advisors Inc. OH Decreases Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

Fort Washington Investment Advisors Inc. OH trimmed its position in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 13.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,868 shares of the bank’s stock after selling 1,043 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Citizens Financial Group were worth $301,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Costello Asset Management INC bought a new position in Citizens Financial Group during the 3rd quarter valued at about $25,000. Ashton Thomas Securities LLC bought a new position in Citizens Financial Group during the 3rd quarter valued at about $27,000. Catalyst Capital Advisors LLC bought a new position in Citizens Financial Group during the 3rd quarter valued at about $28,000. Legacy Investment Solutions LLC bought a new position in Citizens Financial Group during the 3rd quarter valued at about $48,000. Finally, Friedenthal Financial bought a new position in Citizens Financial Group in the 3rd quarter worth about $50,000. 94.90% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CFG has been the topic of a number of research analyst reports. Citigroup upped their target price on shares of Citizens Financial Group from $50.00 to $58.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Barclays increased their price objective on shares of Citizens Financial Group from $47.00 to $52.00 and gave the company an “equal weight” rating in a research note on Monday, January 6th. Keefe, Bruyette & Woods increased their price objective on shares of Citizens Financial Group from $53.00 to $56.00 and gave the company a “market perform” rating in a research note on Tuesday. DA Davidson increased their price objective on shares of Citizens Financial Group from $46.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. Finally, Compass Point increased their price objective on shares of Citizens Financial Group from $45.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Nine research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $49.00.

Citizens Financial Group Trading Up 0.7 %

NYSE CFG opened at $47.36 on Friday. The company has a fifty day simple moving average of $45.71 and a two-hundred day simple moving average of $42.91. The stock has a market cap of $20.87 billion, a P/E ratio of 15.63, a P/E/G ratio of 0.84 and a beta of 1.10. Citizens Financial Group, Inc. has a 12-month low of $30.24 and a 12-month high of $49.25. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.56.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings results on Friday, January 17th. The bank reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.02. The business had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1,962,330 billion. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. The business’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter last year, the company posted $0.85 earnings per share. On average, analysts forecast that Citizens Financial Group, Inc. will post 3.95 earnings per share for the current year.

Citizens Financial Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $1.68 dividend on an annualized basis and a yield of 3.55%. Citizens Financial Group’s dividend payout ratio is presently 55.45%.

Citizens Financial Group 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.