KBC Group NV Sells 21,568 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

KBC Group NV lessened its position in Citizens Financial Group, Inc. (NYSE:CFG) by 2.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 879,499 shares of the bank’s stock after selling 21,568 shares during the quarter. KBC Group NV owned 0.20% of Citizens Financial Group worth $36,121,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Costello Asset Management INC bought a new stake in Citizens Financial Group in the third quarter worth $25,000. Ashton Thomas Securities LLC bought a new position in Citizens Financial Group during the 3rd quarter worth approximately $27,000. Catalyst Capital Advisors LLC bought a new position in Citizens Financial Group during the 3rd quarter worth approximately $28,000. Innealta Capital LLC purchased a new position in Citizens Financial Group in the 2nd quarter worth approximately $25,000. Finally, Versant Capital Management Inc lifted its position in Citizens Financial Group by 262.8% in the second quarter. Versant Capital Management Inc now owns 936 shares of the bank’s stock valued at $34,000 after purchasing an additional 678 shares during the last quarter. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Analyst Ratings Changes

CFG has been the topic of several recent analyst reports. Evercore ISI cut their target price on shares of Citizens Financial Group from $47.00 to $46.00 and set an “in-line” rating on the stock in a report on Wednesday, October 2nd. Keefe, Bruyette & Woods raised their price target on shares of Citizens Financial Group from $42.00 to $46.00 and gave the stock a “market perform” rating in a report on Monday, September 30th. UBS Group upped their price objective on shares of Citizens Financial Group from $42.00 to $46.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. The Goldman Sachs Group raised their target price on Citizens Financial Group from $43.00 to $49.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Finally, Royal Bank of Canada boosted their price target on Citizens Financial Group from $43.00 to $45.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. Nine research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $43.80.

Citizens Financial Group Stock Performance

Shares of Citizens Financial Group stock opened at $46.58 on Friday. Citizens Financial Group, Inc. has a 12 month low of $26.13 and a 12 month high of $48.35. The firm has a market capitalization of $20.53 billion, a P/E ratio of 18.34, a P/E/G ratio of 1.77 and a beta of 1.07. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.61. The business has a fifty day simple moving average of $41.97 and a two-hundred day simple moving average of $39.25.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings results on Wednesday, October 16th. The bank reported $0.79 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.79. The company had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.94 billion. Citizens Financial Group had a net margin of 10.37% and a return on equity of 5.73%. Citizens Financial Group’s revenue was down 5.6% on a year-over-year basis. During the same period last year, the company posted $0.85 EPS. On average, equities analysts forecast that Citizens Financial Group, Inc. will post 3.2 earnings per share for the current fiscal year.

Citizens Financial Group Announces Dividend

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

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.