Pekin Hardy Strauss Inc. Sells 1,434 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Pekin Hardy Strauss Inc. cut its position in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 8.5% during the 3rd quarter, Holdings Channel.com reports. The firm owned 15,341 shares of the bank’s stock after selling 1,434 shares during the period. Pekin Hardy Strauss Inc.’s holdings in Citizens Financial Group were worth $630,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of CFG. LSV Asset Management grew 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 valued at $237,106,000 after acquiring an additional 113,300 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings 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 valued at $159,550,000 after purchasing an additional 587,115 shares during the last quarter. AQR Capital Management LLC raised its position 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 purchasing an additional 1,682,886 shares during the period. Hsbc Holdings PLC lifted its stake in Citizens Financial Group by 1.7% in the second quarter. Hsbc Holdings PLC now owns 2,764,090 shares of the bank’s stock worth $99,448,000 after purchasing an additional 45,038 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in Citizens Financial Group by 85.6% during the third quarter. Assenagon Asset Management S.A. now owns 2,043,650 shares of the bank’s stock valued at $83,933,000 after buying an additional 942,662 shares during the period. 94.90% of the stock is owned by hedge funds and other institutional investors.

Citizens Financial Group Trading Up 1.9 %

Shares of NYSE CFG opened at $47.65 on Monday. The firm’s 50 day moving average price is $42.83 and its 200-day moving average price is $39.84. Citizens Financial Group, Inc. has a 52-week low of $26.13 and a 52-week high of $48.35. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.86 and a current ratio of 0.87. The company has a market cap of $21.00 billion, a PE ratio of 18.76, a P/E/G ratio of 1.78 and a beta of 1.07.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings data on Wednesday, October 16th. The bank reported $0.79 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.79. The business had revenue of $1.90 billion for 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%. The firm’s quarterly revenue was down 5.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.85 EPS. On average, equities research analysts expect that Citizens Financial Group, Inc. will post 3.2 EPS for the current fiscal year.

Citizens Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Wednesday, October 30th were issued a $0.42 dividend. The ex-dividend date was Wednesday, October 30th. This represents a $1.68 annualized dividend and a yield of 3.53%. Citizens Financial Group’s payout ratio is 66.14%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CFG. Barclays boosted their target price on Citizens Financial Group from $40.00 to $47.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. Evercore ISI lowered their price objective on Citizens Financial Group from $47.00 to $46.00 and set an “in-line” rating for the company in a research report on Wednesday, October 2nd. Morgan Stanley raised their target price on shares of Citizens Financial Group from $41.00 to $50.00 and gave the stock an “equal weight” rating in a report on Monday, August 5th. Royal Bank of Canada upped their price target on shares of Citizens Financial Group from $43.00 to $45.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. Finally, Keefe, Bruyette & Woods raised 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 report on Monday, September 30th. Nine equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $44.80.

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.