Cable Hill Partners LLC Sells 684 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Cable Hill Partners LLC lowered its stake in Citizens Financial Group, Inc. (NYSE:CFG) by 10.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,153 shares of the bank’s stock after selling 684 shares during the quarter. Cable Hill Partners LLC’s holdings in Citizens Financial Group were worth $253,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. AQR Capital Management LLC increased its stake in Citizens Financial Group by 61.4% in the second quarter. AQR Capital Management LLC now owns 4,422,948 shares of the bank’s stock valued at $155,909,000 after purchasing an additional 1,682,886 shares in the last quarter. Capital International Investors increased its position in Citizens Financial Group by 4.4% in the 1st quarter. Capital International Investors now owns 36,709,412 shares of the bank’s stock valued at $1,332,185,000 after buying an additional 1,552,333 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in Citizens Financial Group by 3,234.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,100,988 shares of the bank’s stock worth $39,669,000 after buying an additional 1,067,971 shares during the period. National Bank of Canada FI boosted its holdings in Citizens Financial Group by 680.1% in the second quarter. National Bank of Canada FI now owns 803,919 shares of the bank’s stock worth $28,804,000 after acquiring an additional 700,860 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Citizens Financial Group by 15.3% in the second quarter. Dimensional Fund Advisors LP now owns 4,429,264 shares of the bank’s stock worth $159,550,000 after acquiring an additional 587,115 shares in the last quarter. Institutional investors and hedge funds own 94.90% of the company’s stock.

Citizens Financial Group Price Performance

Shares of NYSE CFG opened at $46.58 on Friday. The company has a 50 day moving average of $41.97 and a 200 day moving average of $39.25. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.61. The firm has a market cap of $20.53 billion, a P/E ratio of 18.34, a PEG ratio of 1.77 and a beta of 1.07. Citizens Financial Group, Inc. has a twelve month low of $26.13 and a twelve month high of $48.35.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings data on Wednesday, October 16th. The bank reported $0.79 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.79. Citizens Financial Group had a return on equity of 5.73% and a net margin of 10.37%. The firm had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the prior year, the company posted $0.85 earnings per share. The business’s quarterly revenue was down 5.6% compared to the same quarter last year. As a group, research analysts expect that Citizens Financial Group, Inc. will post 3.2 EPS for the current fiscal year.

Citizens Financial Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Wednesday, October 30th were paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date was Wednesday, October 30th. Citizens Financial Group’s payout ratio is 66.14%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CFG. DA Davidson lifted their price target on shares of Citizens Financial Group from $46.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. Piper Sandler lifted their price objective on shares of Citizens Financial Group from $45.00 to $48.00 and gave the company an “overweight” rating in a report on Friday, July 26th. Stephens upped their target price on shares of Citizens Financial Group from $40.00 to $42.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. Evercore ISI cut their price target on Citizens Financial Group from $47.00 to $46.00 and set an “in-line” rating for the company in a research note on Wednesday, October 2nd. Finally, Barclays increased their price objective on Citizens Financial Group from $40.00 to $47.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 17th. Nine analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Citizens Financial Group presently has a consensus rating of “Hold” and a consensus target price of $43.80.

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.