CoreCap Advisors LLC Has $41,000 Position in Citizens Financial Group, Inc. (NYSE:CFG)

CoreCap Advisors LLC reduced its position in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 94.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 927 shares of the bank’s stock after selling 14,739 shares during the period. CoreCap Advisors LLC’s holdings in Citizens Financial Group were worth $41,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in CFG. CHURCHILL MANAGEMENT Corp purchased a new position in shares of Citizens Financial Group during the 4th quarter valued at $8,134,000. BTC Capital Management Inc. grew its holdings in shares of Citizens Financial Group by 19.8% during the 4th quarter. BTC Capital Management Inc. now owns 42,999 shares of the bank’s stock valued at $1,882,000 after acquiring an additional 7,119 shares in the last quarter. Patton Fund Management Inc. purchased a new position in shares of Citizens Financial Group during the 4th quarter valued at $6,694,000. AEGON ASSET MANAGEMENT UK Plc grew its holdings in shares of Citizens Financial Group by 46.8% during the 4th quarter. AEGON ASSET MANAGEMENT UK Plc now owns 1,152,151 shares of the bank’s stock valued at $50,430,000 after acquiring an additional 367,439 shares in the last quarter. Finally, SVB Wealth LLC purchased a new position in shares of Citizens Financial Group during the 4th quarter valued at $421,000. 94.90% of the stock is owned by institutional investors and hedge funds.

Citizens Financial Group Stock Performance

Shares of CFG opened at $41.60 on Thursday. The firm has a 50-day moving average of $38.41 and a 200-day moving average of $43.15. Citizens Financial Group, Inc. has a one year low of $32.60 and a one year high of $49.25. The company has a market cap of $18.18 billion, a PE ratio of 13.73, a price-to-earnings-growth ratio of 0.81 and a beta of 0.74. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.85.

Citizens Financial Group (NYSE:CFG) last announced its earnings results on Wednesday, April 16th. The bank reported $0.77 EPS for the quarter, topping the consensus estimate of $0.75 by $0.02. The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.94 billion. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. As a group, equities analysts forecast that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current year.

Citizens Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 14th. Shareholders of record on Wednesday, April 30th were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 4.04%. The ex-dividend date was Wednesday, April 30th. Citizens Financial Group’s dividend payout ratio is currently 53.33%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on CFG shares. Citigroup decreased their price objective on shares of Citizens Financial Group from $58.00 to $51.00 and set a “buy” rating for the company in a report on Monday, March 24th. Royal Bank of Canada decreased their price objective on shares of Citizens Financial Group from $50.00 to $44.00 and set an “outperform” rating for the company in a report on Thursday, April 17th. The Goldman Sachs Group decreased their price objective on shares of Citizens Financial Group from $55.00 to $48.00 and set a “buy” rating for the company in a report on Thursday, April 17th. Raymond James reiterated a “strong-buy” rating and issued a $48.00 price objective (down from $58.00) on shares of Citizens Financial Group in a report on Thursday, April 17th. Finally, Stephens decreased their price objective on shares of Citizens Financial Group from $53.00 to $48.00 and set an “outperform” rating for the company in a report on Monday, April 7th. Eight equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $46.18.

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.