GSA Capital Partners LLP Sells 33,955 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

GSA Capital Partners LLP reduced its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 73.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 12,554 shares of the bank’s stock after selling 33,955 shares during the period. GSA Capital Partners LLP’s holdings in Citizens Financial Group were worth $516,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of CFG. Orion Portfolio Solutions LLC boosted its holdings in Citizens Financial Group by 20.6% in the 1st quarter. Orion Portfolio Solutions LLC now owns 31,986 shares of the bank’s stock worth $1,161,000 after buying an additional 5,459 shares during the period. Intech Investment Management LLC bought a new position in Citizens Financial Group in the 1st quarter valued at $201,000. UniSuper Management Pty Ltd boosted its holdings in Citizens Financial Group by 1,045.4% in 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 period. Bessemer Group Inc. boosted its holdings in Citizens Financial Group by 31.9% in the 1st quarter. Bessemer Group Inc. now owns 57,197 shares of the bank’s stock valued at $2,075,000 after purchasing an additional 13,842 shares during the period. Finally, Pitcairn Co. boosted its holdings in Citizens Financial Group by 167.4% in the 1st quarter. Pitcairn Co. now owns 22,887 shares of the bank’s stock valued at $831,000 after purchasing an additional 14,329 shares during the period. 94.90% of the stock is owned by institutional investors.

Citizens Financial Group Price Performance

CFG stock opened at $46.03 on Wednesday. The firm’s 50-day moving average price is $42.41 and its two-hundred day moving average price is $39.61. The stock has a market capitalization of $20.29 billion, a price-to-earnings ratio of 18.12, a PEG ratio of 1.78 and a beta of 1.07. The company has a current ratio of 0.87, a quick ratio of 0.86 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.

Citizens Financial Group (NYSE:CFG) last announced its earnings results on Wednesday, October 16th. The bank reported $0.79 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.79. The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.94 billion. Citizens Financial Group had a net margin of 10.37% and a return on equity of 5.73%. The company’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.85 EPS. As a group, equities analysts predict that Citizens Financial Group, Inc. will post 3.2 earnings per share for the current year.

Citizens Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Wednesday, October 30th were paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date was Wednesday, October 30th. Citizens Financial Group’s payout ratio is 66.14%.

Analyst Ratings Changes

Several research analysts have commented on CFG shares. Morgan Stanley raised their price target on shares of Citizens Financial Group from $41.00 to $50.00 and gave the company an “equal weight” rating in a report on Monday, August 5th. StockNews.com upgraded shares of Citizens Financial Group from a “sell” rating to a “hold” rating in a research report on Thursday, October 17th. Piper Sandler raised their price objective on shares of Citizens Financial Group from $45.00 to $48.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. Royal Bank of Canada lifted 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. Finally, Evercore ISI decreased their target price on shares of Citizens Financial Group from $47.00 to $46.00 and set an “in-line” rating on the stock in a research report on Wednesday, October 2nd. Nine equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $43.80.

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.