Gladstone Institutional Advisory LLC Cuts Position in Citizens Financial Group, Inc. (NYSE:CFG)

Gladstone Institutional Advisory LLC trimmed its position in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 4.0% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,090 shares of the bank’s stock after selling 468 shares during the period. Gladstone Institutional Advisory LLC’s holdings in Citizens Financial Group were worth $455,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cullen Frost Bankers Inc. boosted its holdings in Citizens Financial Group by 12.7% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 2,344 shares of the bank’s stock valued at $84,000 after acquiring an additional 264 shares during the period. Dorsey & Whitney Trust CO LLC lifted its position in shares of Citizens Financial Group by 3.9% during the first quarter. Dorsey & Whitney Trust CO LLC now owns 8,046 shares of the bank’s stock worth $292,000 after purchasing an additional 305 shares in the last quarter. ZWJ Investment Counsel Inc. boosted its stake in shares of Citizens Financial Group by 0.3% in the third quarter. ZWJ Investment Counsel Inc. now owns 88,829 shares of the bank’s stock valued at $3,648,000 after purchasing an additional 308 shares during the period. Abich Financial Wealth Management LLC grew its holdings in shares of Citizens Financial Group by 11.5% in the second quarter. Abich Financial Wealth Management LLC now owns 3,250 shares of the bank’s stock valued at $117,000 after purchasing an additional 334 shares in the last quarter. Finally, Tealwood Asset Management Inc. increased its stake in Citizens Financial Group by 0.8% during the 3rd quarter. Tealwood Asset Management Inc. now owns 43,059 shares of the bank’s stock worth $1,768,000 after buying an additional 360 shares during the period. 94.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Raymond James began coverage on shares of Citizens Financial Group in a research note on Thursday, July 11th. They issued a “market perform” rating for the company. DA Davidson upped their price target on Citizens Financial Group from $46.00 to $48.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Keefe, Bruyette & Woods increased their price target on Citizens Financial Group from $42.00 to $46.00 and gave the company a “market perform” rating in a research report on Monday, September 30th. UBS Group boosted 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. Finally, Stephens raised their target price on shares of Citizens Financial Group from $40.00 to $42.00 and gave the company an “overweight” rating in a report on Friday, July 19th. 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.com, Citizens Financial Group presently has an average rating of “Hold” and an average target price of $43.80.

Citizens Financial Group Stock Performance

NYSE CFG opened at $41.82 on Monday. The company has a fifty day moving average of $41.52 and a two-hundred day moving average of $38.67. The company has a market capitalization of $18.61 billion, a PE ratio of 16.46, a P/E/G ratio of 1.61 and a beta of 1.07. Citizens Financial Group, Inc. has a 1 year low of $23.50 and a 1 year high of $44.39. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.87 and a quick ratio of 0.86.

Citizens Financial Group (NYSE:CFG) last announced its earnings results on Wednesday, October 16th. The bank reported $0.79 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.79. The firm 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%. The business’s revenue was down 5.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.85 EPS. As a group, analysts expect that Citizens Financial Group, Inc. will post 3.19 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. Stockholders of record on Wednesday, October 30th will be given a dividend of $0.42 per share. 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 4.02%. Citizens Financial Group’s dividend payout ratio (DPR) is presently 66.14%.

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.