Citizens Financial Group, Inc. (NYSE:CFG) Shares Sold by Impact Partnership Wealth LLC

Impact Partnership Wealth LLC decreased its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 3.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,436 shares of the bank’s stock after selling 409 shares during the quarter. Impact Partnership Wealth LLC’s holdings in Citizens Financial Group were worth $552,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Innealta Capital LLC purchased a new position in shares of Citizens Financial Group during the 2nd quarter worth $25,000. Versant Capital Management Inc raised its stake in Citizens Financial Group by 262.8% during the second quarter. Versant Capital Management Inc now owns 936 shares of the bank’s stock worth $34,000 after purchasing an additional 678 shares during the period. Private Ocean LLC raised its stake in Citizens Financial Group by 484.4% during the second quarter. Private Ocean LLC now owns 1,011 shares of the bank’s stock worth $36,000 after purchasing an additional 838 shares during the period. Friedenthal Financial acquired a new position in Citizens Financial Group in the 3rd quarter valued at about $50,000. Finally, Claro Advisors LLC purchased a new stake in shares of Citizens Financial Group in the 3rd quarter valued at approximately $50,000. Institutional investors and hedge funds own 94.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Stephens upped their price objective on Citizens Financial Group from $40.00 to $42.00 and gave the company an “overweight” rating in a report on Friday, July 19th. The Goldman Sachs Group increased their price target on Citizens Financial Group from $43.00 to $49.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. UBS Group raised their price objective on Citizens Financial Group from $42.00 to $46.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Barclays upped their target price 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. Finally, Jefferies Financial Group upped their price objective on shares of Citizens Financial Group from $36.00 to $37.00 and gave the stock a “hold” rating in a report on Wednesday, July 3rd. Nine investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $43.80.

Citizens Financial Group Stock Up 0.1 %

CFG traded up $0.03 on Thursday, hitting $41.47. 115,462 shares of the company were exchanged, compared to its average volume of 5,355,811. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.60. The company has a market cap of $18.87 billion, a price-to-earnings ratio of 15.01, a price-to-earnings-growth ratio of 1.42 and a beta of 1.07. The firm has a 50-day moving average price of $41.43 and a two-hundred day moving average price of $38.22. Citizens Financial Group, Inc. has a twelve month low of $22.77 and a twelve month high of $44.39.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings data on Wednesday, October 16th. The bank reported $0.79 EPS for the quarter, hitting analysts’ consensus estimates of $0.79. The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.94 billion. Citizens Financial Group had a return on equity of 6.21% and a net margin of 10.74%. The business’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.85 earnings per share. On average, equities analysts predict that Citizens Financial Group, Inc. will post 3.22 earnings per share for the current year.

Citizens Financial Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 13th. Stockholders of record on Wednesday, October 30th will be issued 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 dividend yield of 4.05%. Citizens Financial Group’s payout ratio is 60.87%.

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.