Cary Street Partners Investment Advisory LLC Has $284,000 Stake in Citizens Financial Group, Inc. (NYSE:CFG)

Cary Street Partners Investment Advisory LLC lowered its position in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 7.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,902 shares of the bank’s stock after selling 856 shares during the quarter. Cary Street Partners Investment Advisory LLC’s holdings in Citizens Financial Group were worth $284,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Federated Hermes Inc. grew its stake in Citizens Financial Group by 21.6% during the first quarter. Federated Hermes Inc. now owns 137,691 shares of the bank’s stock worth $4,182,000 after purchasing an additional 24,503 shares during the period. Nisa Investment Advisors LLC increased its stake in shares of Citizens Financial Group by 7.6% in the 1st quarter. Nisa Investment Advisors LLC now owns 79,120 shares of the bank’s stock valued at $2,403,000 after acquiring an additional 5,619 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its position in shares of Citizens Financial Group by 66.7% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 34,864 shares of the bank’s stock valued at $1,059,000 after acquiring an additional 13,944 shares during the period. Vinva Investment Management Ltd bought a new position in Citizens Financial Group during the first quarter worth $508,000. Finally, First Hawaiian Bank grew its holdings in Citizens Financial Group by 4.4% in the second quarter. First Hawaiian Bank now owns 30,903 shares of the bank’s stock worth $806,000 after purchasing an additional 1,293 shares during the period. 92.67% of the stock is currently owned by institutional investors and hedge funds.

Citizens Financial Group Trading Down 0.7 %

NYSE CFG opened at $27.58 on Tuesday. The business’s fifty day moving average is $25.91 and its 200-day moving average is $27.24. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.92 and a quick ratio of 0.92. The stock has a market capitalization of $12.86 billion, a price-to-earnings ratio of 6.86 and a beta of 1.38. Citizens Financial Group, Inc. has a one year low of $22.77 and a one year high of $44.82.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings data on Wednesday, October 18th. The bank reported $0.85 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.06). Citizens Financial Group had a return on equity of 9.60% and a net margin of 17.61%. The company had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $2.04 billion. During the same period in the prior year, the firm posted $1.30 EPS. Equities research analysts predict that Citizens Financial Group, Inc. will post 3.64 EPS for the current year.

Citizens Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st were given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 6.09%. The ex-dividend date of this dividend was Tuesday, October 31st. Citizens Financial Group’s dividend payout ratio is currently 41.79%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on CFG shares. Royal Bank of Canada dropped their price objective on shares of Citizens Financial Group from $37.00 to $33.00 and set an “outperform” rating on the stock in a report on Tuesday, September 12th. StockNews.com assumed coverage on Citizens Financial Group in a research note on Thursday, October 5th. They issued a “hold” rating for the company. Stephens reaffirmed an “overweight” rating and set a $36.00 target price on shares of Citizens Financial Group in a research report on Friday, September 8th. Morgan Stanley reduced their price target on shares of Citizens Financial Group from $32.00 to $31.00 and set an “overweight” rating for the company in a research report on Thursday, October 19th. Finally, Wolfe Research upgraded shares of Citizens Financial Group from an “underperform” rating to a “peer perform” rating in a report on Monday, October 23rd. Nine analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $34.07.

Citizens Financial Group Profile

Citizens Financial Group, Inc operates as the bank holding company for Citizens Bank, National Association 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.