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

Ferguson Wellman Capital Management Inc. lowered its holdings in Citizens Financial Group, Inc. (NYSE:CFG) by 13.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,044 shares of the bank’s stock after selling 1,060 shares during the period. Ferguson Wellman Capital Management Inc.’s holdings in Citizens Financial Group were worth $289,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Curi RMB Capital LLC increased its position in shares of Citizens Financial Group by 2.0% in the third quarter. Curi RMB Capital LLC now owns 187,776 shares of the bank’s stock worth $7,712,000 after acquiring an additional 3,636 shares in the last quarter. MQS Management LLC purchased a new position in shares of Citizens Financial Group in the third quarter worth approximately $261,000. Entropy Technologies LP increased its position in shares of Citizens Financial Group by 94.8% in the third quarter. Entropy Technologies LP now owns 78,136 shares of the bank’s stock worth $3,209,000 after acquiring an additional 38,024 shares in the last quarter. Apollon Wealth Management LLC increased its position in shares of Citizens Financial Group by 46.0% in the third quarter. Apollon Wealth Management LLC now owns 22,173 shares of the bank’s stock worth $911,000 after acquiring an additional 6,989 shares in the last quarter. Finally, Versor Investments LP purchased a new position in shares of Citizens Financial Group in the third quarter worth approximately $1,910,000. Institutional investors and hedge funds own 94.90% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods lifted their target price on shares of Citizens Financial Group from $42.00 to $46.00 and gave the stock a “market perform” rating in a research report on Monday, September 30th. Stephens lifted their target price on shares of Citizens Financial Group from $40.00 to $42.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. UBS Group boosted their price objective 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. The Goldman Sachs Group boosted their price objective on shares of Citizens Financial Group from $43.00 to $49.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Finally, Barclays boosted their price objective on shares of Citizens Financial Group from $40.00 to $47.00 and gave the company an “equal weight” rating in a research report on Thursday, October 17th. Nine equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Citizens Financial Group currently has an average rating of “Hold” and an average target price of $43.80.

Citizens Financial Group Price Performance

Shares of Citizens Financial Group stock opened at $46.58 on Friday. The firm has a fifty day simple moving average of $41.97 and a 200-day simple moving average of $39.25. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.61. Citizens Financial Group, Inc. has a 1-year low of $26.13 and a 1-year high of $48.35. The stock has a market capitalization of $20.53 billion, a price-to-earnings ratio of 18.34, a PEG ratio of 1.77 and a beta of 1.07.

Citizens Financial Group (NYSE:CFG) last announced its earnings results on Wednesday, October 16th. The bank reported $0.79 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.79. Citizens Financial Group had a net margin of 10.37% and a return on equity of 5.73%. The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the previous year, the firm posted $0.85 earnings per share. Citizens Financial Group’s revenue was down 5.6% compared to the same quarter last year. On average, sell-side analysts expect that Citizens Financial Group, Inc. will post 3.2 earnings per share for the current year.

Citizens Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Wednesday, October 30th were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 3.61%. The ex-dividend date of this dividend was Wednesday, October 30th. Citizens Financial Group’s dividend payout ratio (DPR) is presently 66.14%.

Citizens Financial Group Company 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.