Atom Investors LP Has $5.67 Million Stake in Citizens Financial Group, Inc. (NYSE:CFG)

Atom Investors LP cut its position in Citizens Financial Group, Inc. (NYSE:CFG) by 48.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 137,971 shares of the bank’s stock after selling 131,131 shares during the quarter. Atom Investors LP’s holdings in Citizens Financial Group were worth $5,666,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. LSV Asset Management increased its position in Citizens Financial Group by 1.8% during the second quarter. LSV Asset Management now owns 6,580,797 shares of the bank’s stock worth $237,106,000 after acquiring an additional 113,300 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Citizens Financial Group by 15.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,429,264 shares of the bank’s stock worth $159,550,000 after purchasing an additional 587,115 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of Citizens Financial Group by 61.4% during the second quarter. AQR Capital Management LLC now owns 4,422,948 shares of the bank’s stock worth $155,909,000 after purchasing an additional 1,682,886 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Citizens Financial Group by 11.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,144,635 shares of the bank’s stock valued at $129,150,000 after buying an additional 334,386 shares in the last quarter. Finally, Hsbc Holdings PLC increased its stake 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. 94.90% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CFG has been the topic of several analyst reports. Keefe, Bruyette & Woods increased their price target 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. Citigroup boosted their price target on Citizens Financial Group from $50.00 to $58.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Evercore ISI reduced their price objective on Citizens Financial Group from $47.00 to $46.00 and set an “in-line” rating on the stock in a research note on Wednesday, October 2nd. Barclays lifted their target price on 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. Finally, The Goldman Sachs Group increased their target price on shares of Citizens Financial Group from $48.00 to $59.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Nine 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, the stock currently has a consensus rating of “Hold” and an average target price of $45.47.

Citizens Financial Group Stock Down 0.0 %

Citizens Financial Group stock opened at $48.14 on Monday. The firm has a 50 day moving average price of $43.54 and a two-hundred day moving average price of $40.26. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.86 and a current ratio of 0.87. Citizens Financial Group, Inc. has a 52-week low of $26.99 and a 52-week high of $49.25. The firm has a market cap of $21.22 billion, a price-to-earnings ratio of 18.95, a PEG ratio of 1.83 and a beta of 1.07.

Citizens Financial Group (NYSE:CFG) last released its earnings results on Wednesday, October 16th. The bank reported $0.79 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 business earned $0.85 earnings per share. Citizens Financial Group’s revenue for the quarter was down 5.6% on a year-over-year basis. Equities analysts predict that Citizens Financial Group, Inc. will post 3.2 EPS for the current year.

Citizens Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Wednesday, October 30th were issued a $0.42 dividend. The ex-dividend date of this dividend was Wednesday, October 30th. This represents a $1.68 dividend on an annualized basis and a yield of 3.49%. Citizens Financial Group’s payout ratio is currently 66.14%.

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.