Oppenheimer & Co. Inc. Sells 366 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Oppenheimer & Co. Inc. cut its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 1.6% in the 3rd quarter, Holdings Channel reports. The firm owned 22,453 shares of the bank’s stock after selling 366 shares during the period. Oppenheimer & Co. Inc.’s holdings in Citizens Financial Group were worth $922,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Orion Portfolio Solutions LLC lifted its position in shares of Citizens Financial Group by 20.6% during the 1st quarter. Orion Portfolio Solutions LLC now owns 31,986 shares of the bank’s stock worth $1,161,000 after buying an additional 5,459 shares during the last quarter. Intech Investment Management LLC bought a new position in shares of Citizens Financial Group in the first quarter worth about $201,000. UniSuper Management Pty Ltd boosted its stake in shares of Citizens Financial Group by 1,045.4% in the 1st 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. Bessemer Group Inc. grew its holdings in shares of Citizens Financial Group by 31.9% during the 1st quarter. Bessemer Group Inc. now owns 57,197 shares of the bank’s stock valued at $2,075,000 after purchasing an additional 13,842 shares during the last quarter. Finally, Pitcairn Co. increased its position in Citizens Financial Group by 167.4% during the 1st quarter. Pitcairn Co. now owns 22,887 shares of the bank’s stock worth $831,000 after purchasing an additional 14,329 shares in the last quarter. Institutional investors and hedge funds own 94.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Evercore ISI decreased 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 research note on Wednesday, October 2nd. Piper Sandler boosted their price objective on Citizens Financial Group from $45.00 to $48.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Barclays increased their target price on Citizens Financial Group from $40.00 to $47.00 and gave the company an “equal weight” rating in a research report on Thursday, October 17th. Keefe, Bruyette & Woods boosted their price target on Citizens Financial Group from $42.00 to $46.00 and gave the stock a “market perform” rating in a report on Monday, September 30th. Finally, DA Davidson raised their price objective 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. Nine research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $43.80.

Citizens Financial Group Price Performance

CFG stock opened at $46.03 on Wednesday. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.61. The company’s fifty day simple moving average is $42.41 and its 200 day simple moving average is $39.61. Citizens Financial Group, Inc. has a 12-month low of $26.13 and a 12-month high of $48.35. The firm has a market cap of $20.29 billion, a price-to-earnings ratio of 18.12, a PEG ratio of 1.78 and a beta of 1.07.

Citizens Financial Group (NYSE:CFG) last announced its earnings results on Wednesday, October 16th. The bank reported $0.79 EPS for the quarter, meeting the consensus estimate of $0.79. The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.94 billion. Citizens Financial Group had a return on equity of 5.73% and a net margin of 10.37%. The firm’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.85 EPS. On average, analysts expect 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 disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Wednesday, October 30th were paid a $0.42 dividend. The ex-dividend date was Wednesday, October 30th. This represents a $1.68 annualized dividend and a dividend yield of 3.65%. 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.