Natixis Advisors LLC Has $26.76 Million Stake in Citizens Financial Group, Inc. (NYSE:CFG)

Natixis Advisors LLC decreased its position in Citizens Financial Group, Inc. (NYSE:CFG) by 18.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 651,635 shares of the bank’s stock after selling 148,213 shares during the quarter. Natixis Advisors LLC owned about 0.15% of Citizens Financial Group worth $26,763,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. AQR Capital Management LLC boosted its stake in shares of Citizens Financial Group by 61.4% during 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 in the last quarter. Capital International Investors boosted its position in Citizens Financial Group by 4.4% during the first quarter. Capital International Investors now owns 36,709,412 shares of the bank’s stock worth $1,332,185,000 after purchasing an additional 1,552,333 shares during the period. Assenagon Asset Management S.A. grew its holdings in Citizens Financial Group by 3,234.6% during the second quarter. Assenagon Asset Management S.A. now owns 1,100,988 shares of the bank’s stock valued at $39,669,000 after purchasing an additional 1,067,971 shares during the last quarter. National Bank of Canada FI raised its position in shares of Citizens Financial Group by 680.1% in the second quarter. National Bank of Canada FI now owns 803,919 shares of the bank’s stock valued at $28,804,000 after purchasing an additional 700,860 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Citizens Financial Group by 15.3% in the second quarter. Dimensional Fund Advisors LP now owns 4,429,264 shares of the bank’s stock worth $159,550,000 after buying an additional 587,115 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 $46.57 on Tuesday. The firm has a market capitalization of $20.52 billion, a PE ratio of 18.33, a price-to-earnings-growth ratio of 1.78 and a beta of 1.07. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.61. Citizens Financial Group, Inc. has a 12-month low of $26.13 and a 12-month high of $48.35. The firm has a 50-day moving average price of $42.29 and a 200 day moving average price of $39.53.

Citizens Financial Group (NYSE:CFG) last issued 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. The business had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.94 billion. Citizens Financial Group had a return on equity of 5.73% and a net margin of 10.37%. Citizens Financial Group’s quarterly revenue was down 5.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.85 EPS. Research analysts anticipate that Citizens Financial Group, Inc. will post 3.2 earnings per share for the current fiscal year.

Citizens Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Wednesday, October 30th were issued a dividend of $0.42 per share. The ex-dividend date was Wednesday, October 30th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.61%. Citizens Financial Group’s payout ratio is presently 66.14%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on CFG shares. Royal Bank of Canada boosted their target price on shares of Citizens Financial Group from $43.00 to $45.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. DA Davidson boosted their price objective on Citizens Financial Group from $46.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. Piper Sandler raised their target price on Citizens Financial Group from $45.00 to $48.00 and gave the company an “overweight” rating in a report on Friday, July 26th. Keefe, Bruyette & Woods upped their price target on 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 objective on shares of 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. Nine equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $43.80.

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.