First Horizon Advisors Inc. Reduces Stake in Citizens Financial Group, Inc. (NYSE:CFG)

First Horizon Advisors Inc. trimmed its position in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 33.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,668 shares of the bank’s stock after selling 1,881 shares during the quarter. First Horizon Advisors Inc.’s holdings in Citizens Financial Group were worth $151,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Innealta Capital LLC purchased a new stake in shares of Citizens Financial Group in the 2nd quarter worth about $25,000. Costello Asset Management INC acquired a new stake in shares of Citizens Financial Group in the third quarter valued at approximately $25,000. Ashton Thomas Securities LLC acquired a new stake in shares of Citizens Financial Group in the third quarter valued at approximately $27,000. Catalyst Capital Advisors LLC purchased a new position in shares of Citizens Financial Group during the 3rd quarter worth approximately $28,000. Finally, Versant Capital Management Inc raised its position in shares of Citizens Financial Group by 262.8% during 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 during the last quarter. Institutional investors and hedge funds own 94.90% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. StockNews.com raised Citizens Financial Group from a “sell” rating to a “hold” rating in a research report on Thursday, October 17th. DA Davidson upped their target price on shares of Citizens Financial Group from $46.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, October 17th. Morgan Stanley lifted their price target 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. Keefe, Bruyette & Woods raised their target price on shares of Citizens Financial Group from $42.00 to $46.00 and gave the stock a “market perform” rating in a research report on Monday, September 30th. Finally, Citigroup lifted their target price on shares of Citizens Financial Group from $50.00 to $58.00 and gave the stock a “buy” rating in a research note on Thursday. Nine analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $44.80.

Citizens Financial Group Trading Up 1.9 %

Shares of CFG stock opened at $47.65 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.61. Citizens Financial Group, Inc. has a fifty-two week low of $26.13 and a fifty-two week high of $48.35. The firm’s 50 day moving average price is $42.83 and its two-hundred day moving average price is $39.82. The stock has a market cap of $21.00 billion, a price-to-earnings ratio of 18.76, a price-to-earnings-growth ratio of 1.78 and a beta of 1.07.

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

Citizens Financial Group Dividend Announcement

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 $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 3.53%. Citizens Financial Group’s dividend payout ratio (DPR) is currently 66.14%.

Citizens Financial Group Company 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.