First Republic Investment Management Inc. Decreases Position in Citizens Financial Group, Inc. (NYSE:CFG)

First Republic Investment Management Inc. decreased its position in Citizens Financial Group, Inc. (NYSE:CFGGet Rating) by 6.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 616,300 shares of the bank’s stock after selling 43,016 shares during the quarter. First Republic Investment Management Inc. owned approximately 0.12% of Citizens Financial Group worth $21,176,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of CFG. Private Capital Group LLC boosted its stake in Citizens Financial Group by 438.7% during the second quarter. Private Capital Group LLC now owns 738 shares of the bank’s stock worth $26,000 after acquiring an additional 601 shares in the last quarter. Evoke Wealth LLC increased its holdings in Citizens Financial Group by 79.2% during 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 last quarter. Sageworth Trust Co of South Dakota purchased a new stake in Citizens Financial Group during the second quarter valued at approximately $31,000. American Research & Management Co. increased its holdings in Citizens Financial Group by 605.6% during the second quarter. American Research & Management Co. now owns 882 shares of the bank’s stock valued at $31,000 after buying an additional 757 shares during the last quarter. Finally, Sageworth Trust Co purchased a new stake in shares of Citizens Financial Group in the second quarter worth $32,000. Hedge funds and other institutional investors own 88.96% of the company’s stock.

Citizens Financial Group Stock Down 1.4 %

CFG stock opened at $41.82 on Wednesday. The company’s 50 day moving average price is $40.33 and its 200 day moving average price is $38.47. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.92 and a current ratio of 0.92. Citizens Financial Group, Inc. has a fifty-two week low of $32.65 and a fifty-two week high of $56.11. The firm has a market capitalization of $20.60 billion, a price-to-earnings ratio of 10.25 and a beta of 1.37.

Citizens Financial Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 14th. Stockholders of record on Tuesday, January 31st will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 4.02%. The ex-dividend date of this dividend is Monday, January 30th. Citizens Financial Group’s payout ratio is currently 41.18%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Wolfe Research upped their target price on shares of Citizens Financial Group from $33.00 to $38.00 and gave the stock an “outperform” rating in a research report on Thursday, December 1st. Credit Suisse Group raised their target price on shares of Citizens Financial Group from $42.00 to $44.00 and gave the stock a “neutral” rating in a report on Thursday, October 20th. Compass Point reduced their price target on shares of Citizens Financial Group to $42.00 in a research note on Thursday, October 20th. The Goldman Sachs Group reduced their price target on shares of Citizens Financial Group from $47.00 to $41.00 and set a “buy” rating on the stock in a research note on Monday, October 3rd. Finally, JPMorgan Chase & Co. raised their target price on shares of Citizens Financial Group from $39.50 to $43.00 in a research report on Wednesday, November 2nd. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $47.50.

Citizens Financial Group Company Profile

(Get Rating)

Citizens Financial Group, Inc engages in the provision of commercial banking services. It operates through the Consumer Banking and Commercial Banking segments. The Consumer Banking segment includes deposit products, mortgage and home equity lending, student loans, auto financing, credit cards, business loans, and wealth management and investment services.

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

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