ProShare Advisors LLC Sells 8,944 Shares of Citizens Financial Group, Inc. $CFG

ProShare Advisors LLC lowered its stake in Citizens Financial Group, Inc. (NYSE:CFG) by 8.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 102,230 shares of the bank’s stock after selling 8,944 shares during the quarter. ProShare Advisors LLC’s holdings in Citizens Financial Group were worth $5,435,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of CFG. GoalVest Advisory LLC grew its stake in Citizens Financial Group by 16,900.0% in the second quarter. GoalVest Advisory LLC now owns 680 shares of the bank’s stock valued at $30,000 after purchasing an additional 676 shares in the last quarter. True Wealth Design LLC boosted its holdings in shares of Citizens Financial Group by 891.5% in 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 grew its stake in shares of Citizens Financial Group by 3,970.0% in the second 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 in the last quarter. State of Wyoming bought a new position in shares of Citizens Financial Group in the second quarter valued at $39,000. Finally, Kestra Investment Management LLC increased its holdings in Citizens Financial Group by 2,703.0% during the second quarter. Kestra Investment Management LLC now owns 925 shares of the bank’s stock worth $41,000 after buying an additional 892 shares during the last quarter. Institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Stock Up 0.5%

Shares of CFG opened at $65.09 on Friday. The firm has a market cap of $27.95 billion, a P/E ratio of 16.82, a price-to-earnings-growth ratio of 0.53 and a beta of 0.72. 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, Inc. has a 52 week low of $32.60 and a 52 week high of $68.79. The firm’s 50-day simple moving average is $61.42 and its 200 day simple moving average is $54.82.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings data on Wednesday, January 21st. The bank reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.02. Citizens Financial Group had a net margin of 15.19% and a return on equity of 7.89%. The firm had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.16 billion. During the same period last year, the business posted $0.85 earnings per share. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, analysts forecast that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current year.

Citizens Financial Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 18th. Investors of record on Wednesday, February 4th will be paid a $0.46 dividend. The ex-dividend date is Wednesday, February 4th. This represents a $1.84 annualized dividend and a yield of 2.8%. Citizens Financial Group’s payout ratio is 47.55%.

Wall Street Analysts Forecast Growth

CFG has been the subject of a number of recent analyst reports. Raymond James Financial cut shares of Citizens Financial Group from a “strong-buy” rating to an “outperform” rating and increased their price target for the company from $62.00 to $66.00 in a research note on Wednesday, January 7th. Royal Bank Of Canada upped their target price on shares of Citizens Financial Group from $60.00 to $67.00 and gave the company an “outperform” rating in a report on Thursday, January 22nd. Barclays set a $77.00 price target on Citizens Financial Group and gave the stock an “overweight” rating in a report on Monday, January 5th. Argus boosted their price target on Citizens Financial Group from $60.00 to $72.00 and gave the stock a “buy” rating in a research report on Friday, January 23rd. Finally, Citigroup upped their price objective on Citizens Financial Group from $65.00 to $71.00 and gave the company a “buy” rating in a research note on Monday, January 26th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $68.77.

About Citizens Financial Group

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.