Schonfeld Strategic Advisors LLC Sells 49,497 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Schonfeld Strategic Advisors LLC reduced its holdings in Citizens Financial Group, Inc. (NYSE:CFGFree Report) by 3.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,353,336 shares of the bank’s stock after selling 49,497 shares during the period. Schonfeld Strategic Advisors LLC owned 0.29% of Citizens Financial Group worth $36,269,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CFG. Capital World Investors increased its stake in Citizens Financial Group by 76.0% in the 1st quarter. Capital World Investors now owns 19,002,482 shares of the bank’s stock valued at $861,383,000 after buying an additional 8,203,831 shares during the last quarter. Hotchkis & Wiley Capital Management LLC grew its position in shares of Citizens Financial Group by 58.7% in the 2nd quarter. Hotchkis & Wiley Capital Management LLC now owns 16,058,342 shares of the bank’s stock valued at $418,802,000 after acquiring an additional 5,939,590 shares during the period. Norges Bank bought a new position in shares of Citizens Financial Group in the 4th quarter valued at about $192,928,000. BlackRock Inc. grew its position in shares of Citizens Financial Group by 4.9% in the 2nd quarter. BlackRock Inc. now owns 60,391,319 shares of the bank’s stock valued at $1,575,006,000 after acquiring an additional 2,799,127 shares during the period. Finally, Morgan Stanley grew its position in shares of Citizens Financial Group by 18.0% in the 4th quarter. Morgan Stanley now owns 18,297,989 shares of the bank’s stock valued at $720,392,000 after acquiring an additional 2,785,751 shares during the period. 92.67% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Morgan Stanley lifted their price objective on shares of Citizens Financial Group from $31.00 to $39.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 7th. The Goldman Sachs Group lifted their price objective on shares of Citizens Financial Group from $31.00 to $35.00 and gave the company a “buy” rating in a research report on Monday, December 18th. Royal Bank of Canada lifted their price objective on shares of Citizens Financial Group from $33.00 to $35.00 and gave the company an “outperform” rating in a research report on Thursday, January 18th. Barclays downgraded shares of Citizens Financial Group from an “overweight” rating to an “equal weight” rating and lifted their price objective for the company from $38.00 to $40.00 in a research report on Tuesday, January 2nd. Finally, StockNews.com raised shares of Citizens Financial Group from a “sell” rating to a “hold” rating in a report on Tuesday, January 23rd. Eleven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $35.00.

Read Our Latest Stock Report on Citizens Financial Group

Citizens Financial Group Stock Performance

NYSE CFG traded up $0.37 during trading on Thursday, reaching $31.11. The company’s stock had a trading volume of 1,224,625 shares, compared to its average volume of 5,714,469. The firm has a 50 day moving average price of $32.31 and a 200 day moving average price of $28.95. The firm has a market capitalization of $14.27 billion, a price-to-earnings ratio of 9.88 and a beta of 1.39. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.60. Citizens Financial Group, Inc. has a 12 month low of $22.77 and a 12 month high of $41.84.

Citizens Financial Group (NYSE:CFGGet Free Report) last issued its earnings results on Wednesday, January 17th. The bank reported $0.34 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.26). The firm had revenue of $2 billion during the quarter, compared to analyst estimates of $2 billion. Citizens Financial Group had a net margin of 13.19% and a return on equity of 7.40%. Citizens Financial Group’s quarterly revenue was down 9.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.25 earnings per share. As a group, equities analysts anticipate that Citizens Financial Group, Inc. will post 3.3 EPS for the current fiscal year.

Citizens Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 14th. Investors of record on Wednesday, January 31st were given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 5.40%. The ex-dividend date was Tuesday, January 30th. Citizens Financial Group’s dividend payout ratio is 54.02%.

Citizens Financial Group Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Citizens Financial Group (NYSE:CFG)

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