Atria Investments Inc Sells 5,816 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Atria Investments Inc lessened its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 14.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 33,992 shares of the bank’s stock after selling 5,816 shares during the quarter. Atria Investments Inc’s holdings in Citizens Financial Group were worth $1,396,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Catalyst Capital Advisors LLC bought a new stake in shares of Citizens Financial Group during the 3rd quarter worth about $28,000. Innealta Capital LLC acquired a new position in shares of Citizens Financial Group during the 2nd quarter worth about $25,000. Versant Capital Management Inc lifted 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 worth $34,000 after purchasing an additional 678 shares during the last quarter. Private Ocean LLC lifted its position in shares of Citizens Financial Group by 484.4% during the 2nd quarter. Private Ocean LLC now owns 1,011 shares of the bank’s stock worth $36,000 after purchasing an additional 838 shares during the last quarter. Finally, Friedenthal Financial acquired a new position in shares of Citizens Financial Group during the 3rd quarter worth about $50,000. Institutional investors own 94.90% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on CFG. DA Davidson boosted their price objective on Citizens Financial Group from $46.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. 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. Royal Bank of Canada upped their price target on Citizens Financial Group from $43.00 to $45.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. Stephens upped their price target on Citizens Financial Group from $40.00 to $42.00 and gave the company an “overweight” rating in a report on Friday, July 19th. Finally, StockNews.com raised Citizens Financial Group from a “sell” rating to a “hold” rating in a report on Thursday, October 17th. Nine equities 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 has a consensus rating of “Hold” and a consensus price target of $43.80.

Citizens Financial Group Stock Up 0.4 %

NYSE CFG opened at $46.77 on Friday. The firm has a market cap of $20.61 billion, a PE ratio of 18.42, a price-to-earnings-growth ratio of 1.77 and a beta of 1.07. Citizens Financial Group, Inc. has a one year low of $26.13 and a one year high of $48.35. The stock’s 50 day simple moving average is $42.07 and its 200 day simple moving average is $39.30. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.87 and a quick ratio of 0.86.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings results on Wednesday, October 16th. The bank reported $0.79 EPS for the quarter, hitting analysts’ consensus estimates of $0.79. The business 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%. Citizens Financial Group’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.85 EPS. As a group, sell-side analysts forecast that Citizens Financial Group, Inc. will post 3.2 earnings per share for the current fiscal year.

Citizens Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Wednesday, October 30th were given a dividend of $0.42 per share. The ex-dividend date was Wednesday, October 30th. This represents a $1.68 dividend on an annualized basis and a yield of 3.59%. Citizens Financial Group’s dividend payout ratio (DPR) is presently 66.14%.

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.