Rhumbline Advisers Sells 18,958 Shares of Citizens Financial Group, Inc. $CFG

Rhumbline Advisers reduced its stake in Citizens Financial Group, Inc. (NYSE:CFG) by 2.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 858,009 shares of the bank’s stock after selling 18,958 shares during the period. Rhumbline Advisers owned about 0.20% of Citizens Financial Group worth $45,612,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. GoalVest Advisory LLC grew its holdings in shares of Citizens Financial Group by 16,900.0% in the second quarter. GoalVest Advisory LLC now owns 680 shares of the bank’s stock worth $30,000 after purchasing an additional 676 shares during the last quarter. True Wealth Design LLC raised its holdings in Citizens Financial Group by 891.5% during the 3rd quarter. True Wealth Design LLC now owns 585 shares of the bank’s stock valued at $31,000 after buying an additional 526 shares during the last quarter. Capital A Wealth Management LLC boosted its position in Citizens Financial Group by 3,970.0% during the 2nd quarter. Capital A Wealth Management LLC now owns 814 shares of the bank’s stock valued at $36,000 after buying an additional 794 shares during the period. State of Wyoming bought a new stake in Citizens Financial Group in the 2nd quarter worth $39,000. Finally, Kestra Investment Management LLC grew its holdings in Citizens Financial Group by 2,703.0% in the 2nd quarter. Kestra Investment Management LLC now owns 925 shares of the bank’s stock worth $41,000 after acquiring an additional 892 shares during the last quarter. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on CFG shares. DA Davidson upped their price objective on shares of Citizens Financial Group from $65.00 to $73.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Keefe, Bruyette & Woods boosted their price target on Citizens Financial Group from $68.00 to $70.00 and gave the company an “outperform” rating in a report on Thursday, January 22nd. Raymond James Financial lowered Citizens Financial Group from a “strong-buy” rating to an “outperform” rating and upped their price target for the company from $62.00 to $66.00 in a research report on Wednesday, January 7th. TD Cowen lifted their price objective on Citizens Financial Group from $75.00 to $78.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Finally, Morgan Stanley boosted their target price on Citizens Financial Group from $71.00 to $73.00 and gave the company an “overweight” rating in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $68.77.

Citizens Financial Group Stock Up 0.5%

CFG stock opened at $65.09 on Friday. Citizens Financial Group, Inc. has a fifty-two week low of $32.60 and a fifty-two week high of $68.79. The company has a market capitalization of $27.95 billion, a price-to-earnings ratio of 16.82, a price-to-earnings-growth ratio of 0.53 and a beta of 0.72. The business’s 50 day moving average price is $61.42 and its two-hundred day moving average price is $54.82. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.84 and a current ratio of 0.85.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings results on Wednesday, January 21st. The bank reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.02. The company had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.16 billion. Citizens Financial Group had a return on equity of 7.89% and a net margin of 15.19%.The firm’s revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.85 earnings per share. As a group, analysts forecast that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current fiscal year.

Citizens Financial Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 18th. Stockholders of record on Wednesday, February 4th will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Wednesday, February 4th. Citizens Financial Group’s payout ratio is 47.55%.

Citizens Financial Group Company Profile

Citizens Financial Group, Inc (NYSE: CFG) is a bank holding company that provides a broad range of banking and financial services to individuals, small and middle-market businesses, corporations and institutional clients. Headquartered in Providence, Rhode Island, Citizens conducts its banking operations principally through its primary banking subsidiary, Citizens Bank, and serves customers through a combination of branch locations, ATMs and digital channels. The company is publicly traded and operates under the regulatory framework applicable to U.S.