Hotchkis & Wiley Capital Management LLC Has $377.56 Million Stock Position in Citizens Financial Group, Inc. (NYSE:CFG)

Hotchkis & Wiley Capital Management LLC trimmed its position in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 37.1% during the third quarter, HoldingsChannel reports. The firm owned 9,192,966 shares of the bank’s stock after selling 5,419,280 shares during the quarter. Citizens Financial Group comprises 1.3% of Hotchkis & Wiley Capital Management LLC’s portfolio, making the stock its 29th largest holding. Hotchkis & Wiley Capital Management LLC’s holdings in Citizens Financial Group were worth $377,555,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of CFG. Costello Asset Management INC acquired a new position in Citizens Financial Group in the third quarter valued at approximately $25,000. Ashton Thomas Securities LLC bought a new stake in Citizens Financial Group in the 3rd quarter worth $27,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Citizens Financial Group in the 3rd quarter worth about $28,000. Innealta Capital LLC purchased a new position in Citizens Financial Group in the 2nd quarter worth about $25,000. Finally, Versant Capital Management Inc grew its holdings in Citizens Financial Group by 262.8% during 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 period. Institutional investors own 94.90% of the company’s stock.

Analyst Ratings Changes

CFG has been the topic of a number of research analyst reports. Morgan Stanley upped their target price on shares of Citizens Financial Group from $41.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Monday, August 5th. StockNews.com raised Citizens Financial Group from a “sell” rating to a “hold” rating in a research note on Thursday, October 17th. DA Davidson lifted their target price on shares of Citizens Financial Group from $46.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, October 17th. Keefe, Bruyette & Woods lifted their target price on shares of Citizens Financial Group from $42.00 to $46.00 and gave the stock a “market perform” rating in a research report on Monday, September 30th. Finally, Royal Bank of Canada increased 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 investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $45.47.

Citizens Financial Group Stock Down 2.2 %

Shares of NYSE CFG opened at $47.09 on Tuesday. The firm has a market cap of $20.75 billion, a P/E ratio of 18.54, a price-to-earnings-growth ratio of 1.83 and a beta of 1.08. Citizens Financial Group, Inc. has a 1 year low of $27.97 and a 1 year high of $49.25. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.86 and a current ratio of 0.87. The firm’s 50 day moving average price is $43.66 and its 200 day moving average price is $40.34.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings results on Wednesday, October 16th. The bank reported $0.79 EPS for the quarter, hitting the consensus estimate of $0.79. Citizens Financial Group had a net margin of 10.37% and a return on equity of 5.73%. The firm had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.94 billion. During the same period in the previous year, the business earned $0.85 earnings per share. Citizens Financial Group’s revenue for the quarter was down 5.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Citizens Financial Group, Inc. will post 3.2 earnings per share for the current year.

Citizens Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Wednesday, October 30th were given a $0.42 dividend. The ex-dividend date of this dividend was Wednesday, October 30th. This represents a $1.68 annualized dividend and a dividend yield of 3.57%. Citizens Financial Group’s dividend payout ratio is currently 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.