Yousif Capital Management LLC Sells 1,050 Shares of Citizens Financial Group, Inc. $CFG

Yousif Capital Management LLC lessened its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 1.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 57,058 shares of the bank’s stock after selling 1,050 shares during the period. Yousif Capital Management LLC’s holdings in Citizens Financial Group were worth $2,553,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of CFG. AustralianSuper Pty Ltd bought a new position in Citizens Financial Group in the first quarter valued at approximately $108,864,000. Assetmark Inc. grew its stake in Citizens Financial Group by 11,167.0% in the first quarter. Assetmark Inc. now owns 1,347,537 shares of the bank’s stock valued at $55,209,000 after purchasing an additional 1,335,577 shares in the last quarter. AQR Capital Management LLC grew its stake in Citizens Financial Group by 19.1% in the first quarter. AQR Capital Management LLC now owns 7,366,754 shares of the bank’s stock valued at $294,007,000 after purchasing an additional 1,180,390 shares in the last quarter. Swedbank AB grew its stake in Citizens Financial Group by 291.5% in the second quarter. Swedbank AB now owns 1,352,458 shares of the bank’s stock valued at $60,522,000 after purchasing an additional 1,006,999 shares in the last quarter. Finally, Junto Capital Management LP bought a new position in Citizens Financial Group in the first quarter valued at approximately $38,915,000. 94.90% of the stock is currently owned by institutional investors.

Citizens Financial Group Stock Up 1.8%

Citizens Financial Group stock opened at $49.26 on Friday. The stock has a market cap of $21.25 billion, a P/E ratio of 13.80, a P/E/G ratio of 0.54 and a beta of 0.79. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.44. Citizens Financial Group, Inc. has a twelve month low of $32.60 and a twelve month high of $55.24. The company’s 50-day moving average price is $51.37 and its two-hundred day moving average price is $45.14.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings results on Wednesday, October 15th. The bank reported $1.05 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.02. The firm had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2.10 billion. Citizens Financial Group had a net margin of 14.17% and a return on equity of 7.48%. The business’s revenue was up 11.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.79 EPS. As a group, analysts expect that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 12th. Shareholders of record on Wednesday, October 29th will be issued a $0.46 dividend. The ex-dividend date of this dividend is Wednesday, October 29th. This represents a $1.84 annualized dividend and a yield of 3.7%. This is an increase from Citizens Financial Group’s previous quarterly dividend of $0.42. Citizens Financial Group’s payout ratio is currently 51.06%.

Analysts Set New Price Targets

CFG has been the subject of a number of analyst reports. Wells Fargo & Company set a $57.00 price target on Citizens Financial Group in a research note on Wednesday, July 2nd. Citigroup raised their target price on shares of Citizens Financial Group from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Friday, September 19th. DA Davidson reiterated a “buy” rating and issued a $59.00 target price on shares of Citizens Financial Group in a research note on Thursday. Raymond James Financial set a $62.00 target price on shares of Citizens Financial Group and gave the company a “strong-buy” rating in a research note on Tuesday, October 7th. Finally, Evercore ISI raised their target price on shares of Citizens Financial Group from $57.00 to $61.00 and gave the company an “outperform” rating in a research note on Tuesday, September 30th. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $56.57.

About Citizens Financial Group

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.