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

Rhumbline Advisers decreased its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 2.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 858,009 shares of the bank’s stock after selling 18,958 shares during the period. Rhumbline Advisers’ holdings in Citizens Financial Group were worth $45,612,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Citigroup raised their price target on Citizens Financial Group from $65.00 to $71.00 and gave the company a “buy” rating in a report on Monday, January 26th. DA Davidson increased 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 report on Thursday, January 22nd. New Street Research set a $73.00 target price on shares of Citizens Financial Group in a report on Thursday, January 22nd. Raymond James Financial cut shares of Citizens Financial Group from a “strong-buy” rating to an “outperform” rating and lifted their target price for the stock from $62.00 to $66.00 in a report on Wednesday, January 7th. Finally, Weiss Ratings downgraded shares of Citizens Financial Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, February 3rd. One 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 stock. According to data from MarketBeat, Citizens Financial Group has a consensus rating of “Moderate Buy” and an average target price of $68.77.

Citizens Financial Group Price Performance

Shares of NYSE:CFG opened at $65.09 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.84 and a current ratio of 0.85. The firm has a market cap 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 has a 50-day simple moving average of $61.42 and a two-hundred day simple moving average of $54.82. Citizens Financial Group, Inc. has a fifty-two week low of $32.60 and a fifty-two week high of $68.79.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings results on Wednesday, January 21st. The bank reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter last year, the firm posted $0.85 EPS. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. On average, analysts expect that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current year.

Citizens Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 18th. Investors of record on Wednesday, February 4th will be issued 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 dividend payout ratio (DPR) is currently 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.