Citizens Financial Group Inc (NYSE:CFG) was the target of a large decline in short interest during the month of August. As of August 31st, there was short interest totalling 6,101,000 shares, a decline of 41.3% from the July 31st total of 10,396,000 shares. Based on an average trading volume of 4,320,000 shares, the days-to-cover ratio is currently 1.4 days. Currently, 1.4% of the shares of the stock are short sold.

CFG has been the topic of a number of research analyst reports. Citigroup downgraded Citizens Financial Group from a “buy” rating to a “neutral” rating and lowered their price target for the company from $40.00 to $35.00 in a report on Friday, July 12th. Zacks Investment Research cut Citizens Financial Group from a “hold” rating to a “sell” rating and set a $37.00 price objective for the company. in a research report on Friday, July 12th. JPMorgan Chase & Co. reduced their price objective on Citizens Financial Group from $41.50 to $40.50 and set an “overweight” rating for the company in a research report on Tuesday, July 9th. UBS Group cut Citizens Financial Group from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $40.00 to $38.00 in a research report on Wednesday, July 10th. Finally, Argus raised Citizens Financial Group from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research report on Monday, July 29th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $40.42.

Shares of NYSE:CFG traded up $0.46 on Friday, reaching $36.83. The company had a trading volume of 4,076,800 shares, compared to its average volume of 4,474,755. Citizens Financial Group has a twelve month low of $27.62 and a twelve month high of $41.17. The stock has a 50-day moving average price of $34.17 and a 200 day moving average price of $34.80. The stock has a market capitalization of $16.26 billion, a P/E ratio of 10.35, a P/E/G ratio of 1.75 and a beta of 1.47. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 0.55.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings data on Friday, July 19th. The bank reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.02. Citizens Financial Group had a return on equity of 8.94% and a net margin of 22.61%. The business had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.62 billion. During the same quarter in the previous year, the firm earned $0.88 EPS. On average, sell-side analysts predict that Citizens Financial Group will post 3.82 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Investors of record on Wednesday, July 31st were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 3.91%. The ex-dividend date was Tuesday, July 30th. This is a boost from Citizens Financial Group’s previous quarterly dividend of $0.32. Citizens Financial Group’s payout ratio is currently 40.45%.

In related news, Director Charles John Koch bought 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The shares were acquired at an average cost of $32.45 per share, for a total transaction of $486,750.00. Following the acquisition, the director now directly owns 68,781 shares of the company’s stock, valued at approximately $2,231,943.45. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.32% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the stock. ZWJ Investment Counsel Inc. increased its stake in Citizens Financial Group by 107.3% during the first quarter. ZWJ Investment Counsel Inc. now owns 379,327 shares of the bank’s stock valued at $12,328,000 after acquiring an additional 196,319 shares during the period. Creative Planning lifted its holdings in Citizens Financial Group by 2.9% during the 2nd quarter. Creative Planning now owns 24,728 shares of the bank’s stock worth $874,000 after buying an additional 690 shares in the last quarter. Thor Advisors LLC acquired a new position in Citizens Financial Group during the 1st quarter worth $72,000. Ontario Teachers Pension Plan Board lifted its holdings in Citizens Financial Group by 169.3% during the 1st quarter. Ontario Teachers Pension Plan Board now owns 21,325 shares of the bank’s stock worth $693,000 after buying an additional 13,405 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. lifted its holdings in Citizens Financial Group by 2.8% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 567,631 shares of the bank’s stock worth $18,448,000 after buying an additional 15,663 shares in the last quarter. Hedge funds and other institutional investors own 96.78% of the company’s stock.

Citizens Financial Group Company Profile

Citizens Financial Group, Inc operates as the bank holding company for Citizens Bank, National Association and Citizens Bank of Pennsylvania that provides retail and commercial banking products and services in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.

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