Daiwa Securities Group Inc. reduced its holdings in shares of Citizens Financial Group Inc (NYSE:CFG) by 40.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 15,885 shares of the bank’s stock after selling 10,600 shares during the period. Daiwa Securities Group Inc.’s holdings in Citizens Financial Group were worth $667,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Cerebellum GP LLC bought a new stake in shares of Citizens Financial Group during the 4th quarter worth approximately $131,000. Loeb Partners Corp purchased a new position in Citizens Financial Group during the 4th quarter worth $210,000. Commerzbank Aktiengesellschaft FI purchased a new position in Citizens Financial Group during the 4th quarter worth $216,000. Advisor Partners LLC purchased a new position in Citizens Financial Group during the 4th quarter worth $247,000. Finally, Lipe & Dalton purchased a new position in Citizens Financial Group during the 3rd quarter worth $207,000. 98.33% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Wendy A. Watson sold 4,000 shares of Citizens Financial Group stock in a transaction on Friday, December 1st. The stock was sold at an average price of $40.31, for a total value of $161,240.00. Following the transaction, the director now directly owns 12,917 shares in the company, valued at approximately $520,684.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.21% of the company’s stock.
Citizens Financial Group Inc (NYSE CFG) opened at $45.93 on Friday. Citizens Financial Group Inc has a fifty-two week low of $31.51 and a fifty-two week high of $48.23. The stock has a market capitalization of $22,597.15, a price-to-earnings ratio of 17.46, a PEG ratio of 0.76 and a beta of 1.39. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.96 and a quick ratio of 0.96.
Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings results on Friday, January 19th. The bank reported $0.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.04. Citizens Financial Group had a return on equity of 6.73% and a net margin of 25.60%. The business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same period last year, the business posted $0.55 EPS. The business’s revenue was up 8.9% compared to the same quarter last year. sell-side analysts anticipate that Citizens Financial Group Inc will post 3.36 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st were issued a $0.22 dividend. The ex-dividend date was Wednesday, January 31st. This is an increase from Citizens Financial Group’s previous quarterly dividend of $0.18. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.92%. Citizens Financial Group’s dividend payout ratio (DPR) is currently 26.91%.
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Citizens Financial Group Company Profile
Citizens Financial Group, Inc is a retail bank holding company. The Company operates through two segments: Consumer Banking and Commercial Banking. Its Consumer Banking serves retail customers and small businesses. Consumer Banking products and services include deposit products, mortgage and home equity lending, auto financing, student loans, personal unsecured lines and loans, credit cards, business loans, wealth management and investment services.
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