Citizens Financial Group, Inc. (CFG) Shares Sold by Cambiar Investors LLC
Cambiar Investors LLC lowered its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 11.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,108,931 shares of the bank’s stock after selling 139,689 shares during the period. Cambiar Investors LLC owned 0.23% of Citizens Financial Group worth $41,995,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. NN Investment Partners Holdings N.V. grew its stake in Citizens Financial Group by 190.6% in the 2nd quarter. NN Investment Partners Holdings N.V. now owns 126,531 shares of the bank’s stock valued at $4,514,000 after buying an additional 82,988 shares in the last quarter. State of Alaska Department of Revenue grew its stake in Citizens Financial Group by 50.5% in the 2nd quarter. State of Alaska Department of Revenue now owns 28,864 shares of the bank’s stock valued at $1,029,000 after buying an additional 9,690 shares in the last quarter. National Pension Service grew its stake in Citizens Financial Group by 10.3% in the 2nd quarter. National Pension Service now owns 475,777 shares of the bank’s stock valued at $16,961,000 after buying an additional 44,571 shares in the last quarter. Mn Services Vermogensbeheer B.V. grew its stake in Citizens Financial Group by 509.4% in the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 82,634 shares of the bank’s stock valued at $2,948,000 after buying an additional 69,075 shares in the last quarter. Finally, Eqis Capital Management Inc. purchased a new position in Citizens Financial Group in the 2nd quarter valued at approximately $281,000. Institutional investors own 98.15% of the company’s stock.
CFG has been the subject of a number of recent research reports. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Citizens Financial Group in a research note on Monday, October 23rd. Zacks Investment Research upgraded shares of Citizens Financial Group from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a research note on Tuesday, September 12th. BidaskClub lowered shares of Citizens Financial Group from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Citigroup Inc. reiterated a “neutral” rating and issued a $42.00 price objective (up from $38.00) on shares of Citizens Financial Group in a research note on Monday, October 9th. Finally, Barclays PLC lifted their price objective on shares of Citizens Financial Group from $39.00 to $41.00 and gave the company an “equal weight” rating in a research note on Monday, October 23rd. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. Citizens Financial Group has a consensus rating of “Hold” and an average price target of $38.60.
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Citizens Financial Group, Inc. (NYSE:CFG) traded down $0.13 on Monday, hitting $36.68. 3,615,000 shares of the stock were exchanged, compared to its average volume of 4,727,217. The stock has a market cap of $18,046.24, a price-to-earnings ratio of 14.85, a P/E/G ratio of 0.94 and a beta of 1.35. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.98 and a quick ratio of 0.97. Citizens Financial Group, Inc. has a 12-month low of $29.05 and a 12-month high of $39.75.
Citizens Financial Group (NYSE:CFG) last released its quarterly earnings results on Friday, October 20th. The bank reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.04. Citizens Financial Group had a net margin of 20.26% and a return on equity of 6.44%. The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same period in the previous year, the business earned $0.52 EPS. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. research analysts forecast that Citizens Financial Group, Inc. will post 2.59 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date of this dividend is Tuesday, October 31st. Citizens Financial Group’s dividend payout ratio is currently 29.15%.
About Citizens Financial Group
Citizens Financial Group, Inc is a retail bank holding company. The Company operates through two segments: Consumer Banking and Commercial Banking. Its Consumer Banking serves retail customers and small businesses. Consumer Banking products and services include deposit products, mortgage and home equity lending, auto financing, student loans, personal unsecured lines and loans, credit cards, business loans, wealth management and investment services.
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