Citizens Financial Group, Inc. (NYSE:CFG) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lessened its stake in Citizens Financial Group, Inc. (NYSE:CFG) by 6.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 503,421 shares of the bank’s stock after selling 37,402 shares during the quarter. Victory Capital Management Inc. owned about 0.11% of Citizens Financial Group worth $20,676,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Capital International Investors increased its stake in Citizens Financial Group by 4.4% during the first quarter. Capital International Investors now owns 36,709,412 shares of the bank’s stock worth $1,332,185,000 after acquiring an additional 1,552,333 shares during the last quarter. LSV Asset Management increased its stake in Citizens Financial Group by 1.8% during the second quarter. LSV Asset Management now owns 6,580,797 shares of the bank’s stock worth $237,106,000 after acquiring an additional 113,300 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Citizens Financial Group by 15.3% during the second quarter. Dimensional Fund Advisors LP now owns 4,429,264 shares of the bank’s stock worth $159,550,000 after acquiring an additional 587,115 shares during the last quarter. AQR Capital Management LLC increased its stake in Citizens Financial Group by 61.4% during the second quarter. AQR Capital Management LLC now owns 4,422,948 shares of the bank’s stock worth $155,909,000 after acquiring an additional 1,682,886 shares during the last quarter. Finally, Hsbc Holdings PLC increased its stake in Citizens Financial Group by 1.7% during the second quarter. Hsbc Holdings PLC now owns 2,764,090 shares of the bank’s stock worth $99,448,000 after acquiring an additional 45,038 shares during the last quarter. Institutional investors and hedge funds own 94.90% of the company’s stock.

Analyst Upgrades and Downgrades

CFG has been the subject of several recent analyst reports. Barclays raised their target price on Citizens Financial Group from $40.00 to $47.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 17th. Evercore ISI cut their target price on Citizens Financial Group from $47.00 to $46.00 and set an “in-line” rating for the company in a research note on Wednesday, October 2nd. DA Davidson lifted their price objective on Citizens Financial Group from $46.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. Royal Bank of Canada lifted their price objective on Citizens Financial Group from $43.00 to $45.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. Finally, Piper Sandler lifted their price objective on Citizens Financial Group from $45.00 to $48.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Nine equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Citizens Financial Group presently has a consensus rating of “Hold” and an average target price of $43.80.

Citizens Financial Group Stock Down 0.4 %

Shares of NYSE CFG opened at $46.57 on Tuesday. The company has a market capitalization of $20.52 billion, a price-to-earnings ratio of 18.33, a price-to-earnings-growth ratio of 1.78 and a beta of 1.07. 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 business has a 50-day moving average of $42.29 and a two-hundred day moving average of $39.53. Citizens Financial Group, Inc. has a 1 year low of $26.13 and a 1 year high of $48.35.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings results on Wednesday, October 16th. The bank reported $0.79 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.79. The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate 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 previous year, the business earned $0.85 EPS. On average, analysts forecast that Citizens Financial Group, Inc. will post 3.2 earnings per share for the current fiscal year.

Citizens Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Wednesday, October 30th were issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date of this dividend was Wednesday, October 30th. Citizens Financial Group’s dividend payout ratio (DPR) is 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.