Citizens Financial Group, Inc. (NYSE:CFG) Shares Sold by Hartford Investment Management Co.

Hartford Investment Management Co. decreased its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 3.1% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 28,218 shares of the bank’s stock after selling 909 shares during the period. Hartford Investment Management Co.’s holdings in Citizens Financial Group were worth $1,159,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Innealta Capital LLC acquired a new position in shares of Citizens Financial Group during the second quarter valued at approximately $25,000. Versant Capital Management Inc increased its position in shares of Citizens Financial Group by 262.8% during the 2nd 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. Private Ocean LLC raised its stake in shares of Citizens Financial Group by 484.4% in the 2nd quarter. Private Ocean LLC now owns 1,011 shares of the bank’s stock worth $36,000 after buying an additional 838 shares in the last quarter. Ridgewood Investments LLC acquired a new stake in shares of Citizens Financial Group in the second quarter valued at $48,000. Finally, Atlas Capital Advisors LLC acquired a new stake in shares of Citizens Financial Group in the second quarter valued at $48,000. 94.90% of the stock is currently owned by institutional investors.

Citizens Financial Group Trading Down 0.6 %

NYSE:CFG opened at $41.51 on Friday. The stock has a market cap of $18.89 billion, a PE ratio of 15.04, a price-to-earnings-growth ratio of 1.42 and a beta of 1.07. Citizens Financial Group, Inc. has a fifty-two week low of $22.77 and a fifty-two week high of $44.39. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.87 and a quick ratio of 0.86. The stock’s 50-day moving average is $41.45 and its two-hundred day moving average is $38.24.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings data on Wednesday, October 16th. The bank reported $0.79 EPS for the quarter, meeting analysts’ consensus estimates of $0.79. Citizens Financial Group had a net margin of 10.74% and a return on equity of 6.21%. The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the previous year, the firm posted $0.85 earnings per share. The firm’s revenue was down 5.6% on a year-over-year basis. As a group, equities research analysts forecast that Citizens Financial Group, Inc. will post 3.22 earnings per share for the current fiscal year.

Citizens Financial Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 13th. Investors of record on Wednesday, October 30th will be given a dividend of $0.42 per share. The ex-dividend date is Wednesday, October 30th. This represents a $1.68 dividend on an annualized basis and a yield of 4.05%. Citizens Financial Group’s payout ratio is 60.87%.

Analysts Set New Price Targets

CFG has been the topic of a number of research analyst reports. Stephens lifted their target price on Citizens Financial Group from $40.00 to $42.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. Evercore ISI dropped 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. DA Davidson increased their target price on shares of Citizens Financial Group from $46.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. Raymond James assumed coverage on shares of Citizens Financial Group in a research report on Thursday, July 11th. They issued a “market perform” rating on the stock. Finally, Barclays upped their price target on Citizens Financial Group from $40.00 to $47.00 and gave the company an “equal weight” rating in a report on Thursday, October 17th. Nine analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $43.80.

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.