Lecap Asset Management Ltd. Cuts Position in Citizens Financial Group, Inc. (NYSE:CFG)

Lecap Asset Management Ltd. trimmed its stake in Citizens Financial Group, Inc. (NYSE:CFG) by 13.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 54,188 shares of the bank’s stock after selling 8,705 shares during the quarter. Lecap Asset Management Ltd.’s holdings in Citizens Financial Group were worth $2,226,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in Citizens Financial Group by 35.9% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 78,203 shares of the bank’s stock valued at $2,838,000 after purchasing an additional 20,649 shares during the last quarter. Canada Pension Plan Investment Board increased its position in shares of Citizens Financial Group by 101.6% during the first quarter. Canada Pension Plan Investment Board now owns 761,679 shares of the bank’s stock valued at $27,641,000 after acquiring an additional 383,947 shares in the last quarter. Duality Advisers LP purchased a new position in Citizens Financial Group in the 1st quarter worth approximately $1,180,000. SG Americas Securities LLC lifted its position in Citizens Financial Group by 642.6% in the 1st quarter. SG Americas Securities LLC now owns 272,676 shares of the bank’s stock valued at $9,895,000 after acquiring an additional 235,958 shares in the last quarter. Finally, UniSuper Management Pty Ltd boosted its stake in Citizens Financial Group by 1,045.4% during the 1st quarter. UniSuper Management Pty Ltd now owns 25,692 shares of the bank’s stock valued at $932,000 after purchasing an additional 23,449 shares during the last quarter. 94.90% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on CFG shares. Jefferies Financial Group upped their price target on Citizens Financial Group from $36.00 to $37.00 and gave the company a “hold” rating in a report on Wednesday, July 3rd. Piper Sandler lifted their price target on shares of Citizens Financial Group from $45.00 to $48.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. UBS Group boosted their price objective on shares of Citizens Financial Group from $42.00 to $46.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Stephens raised their target price on shares of Citizens Financial Group from $40.00 to $42.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. Finally, Raymond James initiated coverage on Citizens Financial Group in a report on Thursday, July 11th. They set a “market perform” rating on the stock. Ten research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $43.80.

Insider Activity at Citizens Financial Group

In other Citizens Financial Group news, insider Craig Jack Read sold 3,938 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $43.26, for a total value of $170,357.88. Following the completion of the transaction, the insider now directly owns 33,620 shares in the company, valued at $1,454,401.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.62% of the stock is owned by corporate insiders.

Citizens Financial Group Price Performance

NYSE CFG opened at $41.61 on Wednesday. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.60. Citizens Financial Group, Inc. has a 12 month low of $22.77 and a 12 month high of $44.39. The stock has a market cap of $18.93 billion, a price-to-earnings ratio of 15.08, a PEG ratio of 1.42 and a beta of 1.07. The company’s 50 day moving average is $41.40 and its two-hundred day moving average is $38.20.

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

Citizens Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 13th. Investors of record on Wednesday, October 30th will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 4.04%. The ex-dividend date is Wednesday, October 30th. Citizens Financial Group’s dividend payout ratio is currently 60.87%.

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.