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

AlphaCrest Capital Management LLC trimmed its stake in Citizens Financial Group, Inc. (NYSE:CFGGet Rating) by 41.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 52,019 shares of the bank’s stock after selling 36,671 shares during the quarter. AlphaCrest Capital Management LLC’s holdings in Citizens Financial Group were worth $1,857,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Raleigh Capital Management Inc. purchased a new position in shares of Citizens Financial Group in the 1st quarter worth $31,000. Private Capital Group LLC grew its holdings in shares of Citizens Financial Group by 438.7% during the 2nd quarter. Private Capital Group LLC now owns 738 shares of the bank’s stock worth $26,000 after purchasing an additional 601 shares during the period. CVA Family Office LLC increased its position in Citizens Financial Group by 655.0% during the 2nd quarter. CVA Family Office LLC now owns 755 shares of the bank’s stock worth $27,000 after purchasing an additional 655 shares in the last quarter. Evoke Wealth LLC raised its holdings in Citizens Financial Group by 79.2% in the second quarter. Evoke Wealth LLC now owns 826 shares of the bank’s stock valued at $29,000 after buying an additional 365 shares during the period. Finally, Sageworth Trust Co of South Dakota acquired a new position in Citizens Financial Group during the second quarter valued at approximately $31,000. Institutional investors and hedge funds own 88.08% of the company’s stock.

Citizens Financial Group Stock Performance

Citizens Financial Group stock opened at $41.56 on Thursday. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.92 and a quick ratio of 0.91. Citizens Financial Group, Inc. has a 12 month low of $32.65 and a 12 month high of $57.00. The company has a fifty day moving average price of $37.69 and a two-hundred day moving average price of $37.68. The company has a market cap of $20.47 billion, a PE ratio of 10.39 and a beta of 1.38.

Citizens Financial Group (NYSE:CFGGet Rating) last announced its quarterly earnings results on Wednesday, October 19th. The bank reported $1.30 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.09. Citizens Financial Group had a return on equity of 10.88% and a net margin of 24.05%. The business had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.13 billion. During the same period in the prior year, the firm earned $1.22 EPS. Research analysts expect that Citizens Financial Group, Inc. will post 4.13 earnings per share for the current year.

Citizens Financial Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 16th. Stockholders of record on Wednesday, November 2nd were issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 4.04%. The ex-dividend date of this dividend was Tuesday, November 1st. Citizens Financial Group’s dividend payout ratio (DPR) is 42.00%.

Analysts Set New Price Targets

CFG has been the topic of a number of research reports. StockNews.com started coverage on shares of Citizens Financial Group in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Morgan Stanley lowered their target price on Citizens Financial Group from $51.00 to $48.00 and set an “overweight” rating for the company in a research note on Wednesday, October 5th. Credit Suisse Group boosted their price target on Citizens Financial Group from $42.00 to $44.00 and gave the stock a “neutral” rating in a research report on Thursday, October 20th. Compass Point lowered their price objective on shares of Citizens Financial Group to $42.00 in a research report on Thursday, October 20th. Finally, The Goldman Sachs Group reduced their target price on shares of Citizens Financial Group from $47.00 to $41.00 and set a “buy” rating on the stock in a research report on Monday, October 3rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, Citizens Financial Group presently has a consensus rating of “Moderate Buy” and an average target price of $46.71.

Citizens Financial Group Profile

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Citizens Financial Group, Inc operates as the bank holding company for Citizens Bank, National Association 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.

See Also

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

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