Fort Washington Investment Advisors Inc. OH Lowers Stock Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

Fort Washington Investment Advisors Inc. OH trimmed its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 13.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 6,868 shares of the bank’s stock after selling 1,043 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Citizens Financial Group were worth $301,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Wellington Management Group LLP raised its holdings in Citizens Financial Group by 207.2% in the 3rd quarter. Wellington Management Group LLP now owns 8,272,043 shares of the bank’s stock worth $339,733,000 after acquiring an additional 5,579,313 shares during the last quarter. AQR Capital Management LLC raised its holdings in Citizens Financial Group by 61.4% in the 2nd quarter. AQR Capital Management LLC now owns 4,422,948 shares of the bank’s stock worth $155,909,000 after acquiring an additional 1,682,886 shares during the last quarter. State Street Corp raised its holdings in Citizens Financial Group by 6.7% in the 3rd quarter. State Street Corp now owns 25,826,368 shares of the bank’s stock worth $1,060,689,000 after acquiring an additional 1,615,144 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in Citizens Financial Group by 85.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 2,043,650 shares of the bank’s stock worth $83,933,000 after acquiring an additional 942,662 shares during the last quarter. Finally, Bank of Montreal Can raised its holdings in Citizens Financial Group by 51.1% in the 3rd quarter. Bank of Montreal Can now owns 2,644,542 shares of the bank’s stock worth $107,897,000 after acquiring an additional 894,322 shares during the last quarter. 94.90% of the stock is currently owned by hedge funds and other institutional investors.

Citizens Financial Group Stock Up 0.7 %

Shares of CFG stock opened at $47.36 on Friday. The stock has a market cap of $20.87 billion, a P/E ratio of 15.63, a PEG ratio of 0.84 and a beta of 1.10. Citizens Financial Group, Inc. has a 52 week low of $30.24 and a 52 week high of $49.25. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.56. The company’s fifty day simple moving average is $45.71 and its two-hundred day simple moving average is $42.91.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings results on Friday, January 17th. The bank reported $0.85 EPS for the quarter, topping the consensus estimate of $0.83 by $0.02. The business had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1,962,330 billion. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. The business’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.85 EPS. Analysts predict that Citizens Financial Group, Inc. will post 3.95 EPS for the current fiscal year.

Citizens Financial Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 3.55%. The ex-dividend date of this dividend is Friday, January 31st. Citizens Financial Group’s dividend payout ratio is 55.45%.

Analyst Ratings Changes

A number of research firms have commented on CFG. Compass Point lifted their target price on shares of Citizens Financial Group from $45.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Raymond James reaffirmed a “strong-buy” rating and issued a $58.00 target price (up previously from $55.00) on shares of Citizens Financial Group in a research report on Tuesday. Barclays lifted their target price on shares of Citizens Financial Group from $47.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Monday, January 6th. Stephens reaffirmed an “overweight” rating and issued a $53.00 target price on shares of Citizens Financial Group in a research report on Tuesday. Finally, StockNews.com raised shares of Citizens Financial Group from a “sell” rating to a “hold” rating in a research report on Thursday, October 17th. Nine equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $49.00.

About Citizens Financial Group

Citizens Financial Group, Inc operates as the bank holding company 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.