Point72 Hong Kong Ltd Sells 35,995 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Point72 Hong Kong Ltd trimmed its position in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 35.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 66,851 shares of the bank’s stock after selling 35,995 shares during the quarter. Point72 Hong Kong Ltd’s holdings in Citizens Financial Group were worth $2,746,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Innealta Capital LLC bought a new position in shares of Citizens Financial Group in the 2nd quarter worth about $25,000. Costello Asset Management INC bought a new position in shares of Citizens Financial Group during the third quarter valued at approximately $25,000. Ashton Thomas Securities LLC purchased a new position in shares of Citizens Financial Group during the third quarter valued at approximately $27,000. Catalyst Capital Advisors LLC bought a new stake in shares of Citizens Financial Group in the 3rd quarter worth approximately $28,000. Finally, Versant Capital Management Inc boosted its position in shares of Citizens Financial Group by 262.8% in the 2nd quarter. Versant Capital Management Inc now owns 936 shares of the bank’s stock worth $34,000 after purchasing an additional 678 shares in the last quarter. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Wall Street Analysts Forecast Growth

CFG has been the subject of a number of recent research reports. Royal Bank of Canada lifted their price objective on Citizens Financial Group from $43.00 to $45.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. Evercore ISI lowered their price target 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. Barclays increased their price objective on shares of Citizens Financial Group from $40.00 to $47.00 and gave the company an “equal weight” rating in a research report on Thursday, October 17th. StockNews.com raised shares of Citizens Financial Group from a “sell” rating to a “hold” rating in a report on Thursday, October 17th. Finally, Morgan Stanley increased 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. Nine investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Citizens Financial Group currently has a consensus rating of “Hold” and a consensus price target of $45.47.

Citizens Financial Group Trading Down 0.0 %

NYSE:CFG opened at $48.14 on Monday. The firm has a market capitalization of $21.22 billion, a price-to-earnings ratio of 18.95, a price-to-earnings-growth ratio of 1.83 and a beta of 1.07. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.87 and a quick ratio of 0.86. The business has a fifty day moving average price of $43.54 and a 200-day moving average price of $40.26. Citizens Financial Group, Inc. has a one year low of $26.99 and a one year high of $49.25.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings data on Wednesday, October 16th. The bank reported $0.79 EPS for the quarter, hitting 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 return on equity of 5.73% and a net margin of 10.37%. The business’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.85 earnings per share. Sell-side analysts forecast that Citizens Financial Group, Inc. will post 3.2 EPS for the current year.

Citizens Financial Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Wednesday, October 30th were given a $0.42 dividend. The ex-dividend date was Wednesday, October 30th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.49%. Citizens Financial Group’s payout ratio is currently 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.