Citizens Financial Group, Inc. (NYSE:CFG) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lessened its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 2.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 34,439 shares of the bank’s stock after selling 769 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Citizens Financial Group were worth $1,414,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. LSV Asset Management increased its stake in Citizens Financial Group by 1.8% during the 2nd quarter. LSV Asset Management now owns 6,580,797 shares of the bank’s stock valued at $237,106,000 after purchasing an additional 113,300 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Citizens Financial Group by 15.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,429,264 shares of the bank’s stock valued at $159,550,000 after acquiring an additional 587,115 shares during the period. AQR Capital Management LLC raised its stake 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. Hsbc Holdings PLC lifted its position in Citizens Financial Group by 1.7% during the 2nd quarter. Hsbc Holdings PLC now owns 2,764,090 shares of the bank’s stock worth $99,448,000 after acquiring an additional 45,038 shares during the period. Finally, Assenagon Asset Management S.A. grew its stake in Citizens Financial Group by 85.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 2,043,650 shares of the bank’s stock valued at $83,933,000 after purchasing an additional 942,662 shares during the last quarter. Institutional investors and hedge funds own 94.90% of the company’s stock.

Citizens Financial Group Stock Performance

NYSE CFG opened at $48.14 on Friday. The stock has a market capitalization of $21.22 billion, a price-to-earnings ratio of 18.95, a PEG ratio of 1.83 and a beta of 1.07. The stock has a 50-day moving average of $43.54 and a 200 day moving average of $40.24. 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 twelve month low of $26.99 and a twelve month high of $49.25.

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, meeting analysts’ consensus estimates of $0.79. The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.94 billion. Citizens Financial Group had a return on equity of 5.73% and a net margin of 10.37%. The business’s revenue was down 5.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.85 EPS. Sell-side analysts anticipate that Citizens Financial Group, Inc. will post 3.2 EPS for the current fiscal year.

Citizens Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Wednesday, October 30th were given a $0.42 dividend. The ex-dividend date of this dividend was Wednesday, October 30th. This represents a $1.68 annualized dividend and a dividend yield of 3.49%. Citizens Financial Group’s dividend payout ratio (DPR) is 66.14%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Royal Bank of Canada raised their price objective on Citizens Financial Group from $43.00 to $45.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. StockNews.com raised shares of Citizens Financial Group from a “sell” rating to a “hold” rating in a research report on Thursday, October 17th. The Goldman Sachs Group upped their price objective on shares of Citizens Financial Group from $48.00 to $59.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Keefe, Bruyette & Woods raised 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 report on Monday, September 30th. Finally, Evercore ISI lowered their price target on shares of Citizens Financial Group from $47.00 to $46.00 and set an “in-line” rating on the stock in a report on Wednesday, October 2nd. Nine equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Citizens Financial Group has a consensus rating of “Hold” and an average price target of $45.47.

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.