Connable Office Inc. Has $448,000 Stock Position in Citizens Financial Group, Inc. (NYSE:CFG)

Connable Office Inc. cut its holdings in Citizens Financial Group, Inc. (NYSE:CFGFree Report) by 32.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,912 shares of the bank’s stock after selling 5,339 shares during the period. Connable Office Inc.’s holdings in Citizens Financial Group were worth $448,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in Citizens Financial Group by 35.9% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 78,203 shares of the bank’s stock valued at $2,838,000 after buying an additional 20,649 shares during the last quarter. Canada Pension Plan Investment Board boosted its position in Citizens Financial Group by 101.6% during the first quarter. Canada Pension Plan Investment Board now owns 761,679 shares of the bank’s stock valued at $27,641,000 after purchasing an additional 383,947 shares during the last quarter. UniSuper Management Pty Ltd grew its stake in Citizens Financial Group by 1,045.4% in the first quarter. UniSuper Management Pty Ltd now owns 25,692 shares of the bank’s stock valued at $932,000 after purchasing an additional 23,449 shares in the last quarter. Versor Investments LP bought a new position in Citizens Financial Group in the third quarter valued at approximately $1,910,000. Finally, CWM LLC increased its position in shares of Citizens Financial Group by 77.1% during the 2nd quarter. CWM LLC now owns 40,699 shares of the bank’s stock worth $1,466,000 after purchasing an additional 17,718 shares during the last quarter. Institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Stock Performance

Shares of NYSE CFG opened at $46.58 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.87 and a quick ratio of 0.86. The firm has a market cap of $20.53 billion, a price-to-earnings ratio of 18.34, a P/E/G ratio of 1.77 and a beta of 1.07. The stock’s fifty day moving average price is $41.97 and its two-hundred day moving average price is $39.25. Citizens Financial Group, Inc. has a one year low of $26.13 and a one year high of $48.35.

Citizens Financial Group (NYSE:CFGGet Free Report) last released its quarterly earnings results on Wednesday, October 16th. The bank reported $0.79 EPS for the quarter, meeting 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 business had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the prior year, the company posted $0.85 earnings per share. Citizens Financial Group’s revenue was down 5.6% compared to the same quarter last year. On average, equities analysts forecast that Citizens Financial Group, Inc. will post 3.2 EPS for the current year.

Citizens Financial Group Announces Dividend

The firm 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 dividend on an annualized basis and a dividend yield of 3.61%. Citizens Financial Group’s payout ratio is 66.14%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on CFG shares. Morgan Stanley raised their target price on shares of Citizens Financial Group from $41.00 to $50.00 and gave the company an “equal weight” rating in a research note on Monday, August 5th. Evercore ISI decreased their price objective on shares of Citizens Financial Group from $47.00 to $46.00 and set an “in-line” rating for the company in a research report on Wednesday, October 2nd. Royal Bank of Canada upped their target price on shares of Citizens Financial Group from $43.00 to $45.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. Barclays lifted their price target on Citizens Financial Group from $40.00 to $47.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. Finally, Stephens upped their price objective on Citizens Financial Group from $40.00 to $42.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Nine equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Citizens Financial Group presently has a consensus rating of “Hold” and an average price target of $43.80.

Get Our Latest Report on Citizens Financial Group

Citizens Financial Group Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Citizens Financial Group (NYSE:CFG)

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