Citizens Financial Group Inc (NYSE:CFG) Shares Sold by Miles Capital Inc.

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Miles Capital Inc. lowered its holdings in Citizens Financial Group Inc (NYSE:CFG) by 2.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,306 shares of the bank’s stock after selling 474 shares during the period. Miles Capital Inc.’s holdings in Citizens Financial Group were worth $703,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Amundi Pioneer Asset Management Inc. raised its position in Citizens Financial Group by 2.8% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 567,631 shares of the bank’s stock valued at $18,448,000 after purchasing an additional 15,663 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of Citizens Financial Group by 2,379.2% during the 2nd quarter. Renaissance Technologies LLC now owns 238,000 shares of the bank’s stock valued at $8,416,000 after purchasing an additional 228,400 shares during the period. Assetmark Inc. grew its stake in shares of Citizens Financial Group by 243.6% during the 2nd quarter. Assetmark Inc. now owns 962 shares of the bank’s stock valued at $34,000 after purchasing an additional 682 shares during the period. AQR Capital Management LLC increased its position in shares of Citizens Financial Group by 160.1% during the 2nd quarter. AQR Capital Management LLC now owns 1,401,671 shares of the bank’s stock valued at $49,563,000 after purchasing an additional 862,692 shares during the last quarter. Finally, Morgan Stanley increased its position in shares of Citizens Financial Group by 3.2% during the 2nd quarter. Morgan Stanley now owns 2,346,518 shares of the bank’s stock valued at $82,972,000 after purchasing an additional 73,771 shares during the last quarter. Institutional investors and hedge funds own 95.98% of the company’s stock.

CFG has been the subject of several recent research reports. ValuEngine lowered shares of Citizens Financial Group from a “hold” rating to a “sell” rating in a research report on Tuesday, December 10th. Zacks Investment Research upgraded shares of Citizens Financial Group from a “strong sell” rating to a “hold” rating and set a $30.00 price target on the stock in a research report on Wednesday, October 23rd. Royal Bank of Canada lifted their price target on shares of Citizens Financial Group from $40.00 to $43.00 and gave the stock an “outperform” rating in a research note on Tuesday. Stephens lifted their price target on shares of Citizens Financial Group from $43.00 to $45.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, Citigroup raised shares of Citizens Financial Group from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $32.00 to $41.00 in a research report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $40.95.

Citizens Financial Group stock traded down $0.73 during mid-day trading on Tuesday, hitting $40.14. The stock had a trading volume of 100,010 shares, compared to its average volume of 2,793,195. The firm has a market capitalization of $17.77 billion, a P/E ratio of 10.49, a P/E/G ratio of 2.40 and a beta of 1.50. The company has a current ratio of 0.99, a quick ratio of 0.97 and a debt-to-equity ratio of 0.68. The firm’s 50 day moving average is $39.94 and its 200 day moving average is $36.61. Citizens Financial Group Inc has a one year low of $31.30 and a one year high of $41.29.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings data on Friday, January 17th. The bank reported $0.99 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.03. The business had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.63 billion. Citizens Financial Group had a return on equity of 8.75% and a net margin of 22.20%. The business’s revenue was down .3% on a year-over-year basis. During the same period in the previous year, the business earned $0.98 earnings per share. As a group, equities research analysts forecast that Citizens Financial Group Inc will post 3.81 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th will be given a dividend of $0.39 per share. The ex-dividend date is Tuesday, January 28th. This represents a $1.56 annualized dividend and a dividend yield of 3.89%. This is a boost from Citizens Financial Group’s previous quarterly dividend of $0.36. Citizens Financial Group’s dividend payout ratio (DPR) is currently 37.50%.

Citizens Financial Group Profile

Citizens Financial Group, Inc operates as the bank holding company for Citizens Bank, National Association and Citizens Bank of Pennsylvania that provides retail and commercial banking products and services 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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