Citizens Financial Group, Inc. $CFG Stock Holdings Lessened by Cinctive Capital Management LP

Cinctive Capital Management LP reduced its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 55.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 239,568 shares of the bank’s stock after selling 294,682 shares during the quarter. Cinctive Capital Management LP owned approximately 0.06% of Citizens Financial Group worth $12,735,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. True Wealth Design LLC lifted its position in Citizens Financial Group by 891.5% in the 3rd quarter. True Wealth Design LLC now owns 585 shares of the bank’s stock worth $31,000 after buying an additional 526 shares in the last quarter. Capital A Wealth Management LLC boosted its stake in shares of Citizens Financial Group by 3,970.0% during the 2nd quarter. Capital A Wealth Management LLC now owns 814 shares of the bank’s stock valued at $36,000 after buying an additional 794 shares during the period. State of Wyoming purchased a new position in shares of Citizens Financial Group during the 2nd quarter valued at $39,000. Kestra Investment Management LLC grew its holdings in shares of Citizens Financial Group by 2,703.0% during the 2nd quarter. Kestra Investment Management LLC now owns 925 shares of the bank’s stock valued at $41,000 after acquiring an additional 892 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC acquired a new position in shares of Citizens Financial Group in the second quarter worth $45,000. 94.90% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Citizens Financial Group

In related news, insider Susan Lamonica sold 13,258 shares of the firm’s stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $58.04, for a total value of $769,494.32. Following the transaction, the insider directly owned 165,971 shares of the company’s stock, valued at approximately $9,632,956.84. This trade represents a 7.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.65% of the company’s stock.

Citizens Financial Group Trading Down 2.4%

Shares of NYSE:CFG opened at $55.59 on Friday. The stock has a market capitalization of $23.63 billion, a PE ratio of 14.37, a P/E/G ratio of 0.45 and a beta of 0.70. Citizens Financial Group, Inc. has a 1 year low of $32.60 and a 1 year high of $68.79. The firm has a fifty day moving average price of $62.41 and a 200 day moving average price of $56.64. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.46.

Citizens Financial Group (NYSE:CFG) last posted its earnings results on Wednesday, January 21st. The bank reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.02. Citizens Financial Group had a return on equity of 7.81% and a net margin of 15.19%.The company had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.16 billion. During the same period last year, the company earned $0.85 earnings per share. The business’s revenue was up 8.6% compared to the same quarter last year. Analysts expect that Citizens Financial Group, Inc. will post 3.92 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 18th. Stockholders of record on Wednesday, February 4th were issued a dividend of $0.46 per share. The ex-dividend date of this dividend was Wednesday, February 4th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.3%. Citizens Financial Group’s dividend payout ratio is currently 47.55%.

Wall Street Analysts Forecast Growth

CFG has been the subject of several recent research reports. Barclays set a $77.00 price objective on Citizens Financial Group and gave the stock an “overweight” rating in a report on Monday, January 5th. Keefe, Bruyette & Woods upped their target price on Citizens Financial Group from $68.00 to $70.00 and gave the stock an “outperform” rating in a research report on Thursday, January 22nd. Weiss Ratings raised Citizens Financial Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, February 20th. The Goldman Sachs Group reiterated a “buy” rating and set a $73.00 price target on shares of Citizens Financial Group in a report on Tuesday, January 6th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $75.00 price target on shares of Citizens Financial Group in a research note on Tuesday, March 3rd. Twenty analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $69.95.

Citizens Financial Group Profile

Citizens Financial Group, Inc (NYSE: CFG) is a bank holding company that provides a broad range of banking and financial services to individuals, small and middle-market businesses, corporations and institutional clients. Headquartered in Providence, Rhode Island, Citizens conducts its banking operations principally through its primary banking subsidiary, Citizens Bank, and serves customers through a combination of branch locations, ATMs and digital channels. The company is publicly traded and operates under the regulatory framework applicable to U.S.