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

Kornitzer Capital Management Inc. KS lessened its stake in Citizens Financial Group, Inc. (NYSE:CFG) by 22.1% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 416,455 shares of the bank’s stock after selling 118,325 shares during the quarter. Kornitzer Capital Management Inc. KS owned 0.09% of Citizens Financial Group worth $17,104,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Janney Montgomery Scott LLC grew its holdings in Citizens Financial Group by 1.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 127,285 shares of the bank’s stock worth $4,619,000 after acquiring an additional 2,003 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings in Citizens Financial Group by 9.1% in the first quarter. Daiwa Securities Group Inc. now owns 46,309 shares of the bank’s stock valued at $1,681,000 after buying an additional 3,852 shares during the last quarter. Csenge Advisory Group raised its stake in Citizens Financial Group by 8.0% in the first quarter. Csenge Advisory Group now owns 20,423 shares of the bank’s stock valued at $741,000 after buying an additional 1,506 shares in the last quarter. Texas Permanent School Fund Corp lifted its holdings in Citizens Financial Group by 0.4% during the 1st quarter. Texas Permanent School Fund Corp now owns 96,350 shares of the bank’s stock worth $3,497,000 after buying an additional 382 shares during the last quarter. Finally, Duality Advisers LP acquired a new position in shares of Citizens Financial Group during the 1st quarter worth about $1,180,000. 94.90% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Evercore ISI lowered their target price on shares of Citizens Financial Group from $47.00 to $46.00 and set an “in-line” rating for the company in a report on Wednesday, October 2nd. Morgan Stanley raised their price objective on Citizens Financial Group from $41.00 to $50.00 and gave the company an “equal weight” rating in a research note on Monday, August 5th. StockNews.com upgraded shares of Citizens Financial Group from a “sell” rating to a “hold” rating in a research report on Thursday, October 17th. UBS Group increased their price target on shares of Citizens Financial Group from $42.00 to $46.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Finally, Barclays boosted their price target on Citizens Financial Group from $40.00 to $47.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. Nine investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Citizens Financial Group currently has a consensus rating of “Hold” and a consensus target price of $43.80.

Citizens Financial Group Stock Down 2.1 %

Shares of NYSE CFG traded down $1.03 on Thursday, hitting $47.28. The company had a trading volume of 528,101 shares, compared to its average volume of 5,321,343. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.61. Citizens Financial Group, Inc. has a 12-month low of $24.61 and a 12-month high of $48.35. The firm has a market capitalization of $21.04 billion, a P/E ratio of 19.02, a PEG ratio of 1.59 and a beta of 1.07. The business has a 50 day moving average of $41.61 and a two-hundred day moving average of $38.86.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings results on Wednesday, October 16th. The bank reported $0.79 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.79. The firm had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.94 billion. Citizens Financial Group had a return on equity of 5.73% and a net margin of 10.37%. Citizens Financial Group’s quarterly revenue was down 5.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.85 EPS. As a group, equities research analysts forecast that Citizens Financial Group, Inc. will post 3.19 earnings per share for the current fiscal year.

Citizens Financial Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 13th. Shareholders of record on Wednesday, October 30th will be given a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, October 30th. This represents a $1.68 dividend on an annualized basis and a yield of 3.55%. Citizens Financial Group’s payout ratio is currently 66.14%.

Citizens Financial Group Profile

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.