Hantz Financial Services Inc. Sells 1,306 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Hantz Financial Services Inc. decreased its position in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 2.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 49,040 shares of the bank’s stock after selling 1,306 shares during the period. Hantz Financial Services Inc.’s holdings in Citizens Financial Group were worth $2,014,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. Versor Investments LP acquired a new stake in shares of Citizens Financial Group in the 3rd quarter valued at $1,910,000. CWM LLC boosted its stake in Citizens Financial Group by 77.1% in the second quarter. CWM LLC now owns 40,699 shares of the bank’s stock valued at $1,466,000 after buying an additional 17,718 shares in the last quarter. Quantbot Technologies LP bought a new position in Citizens Financial Group in the second quarter valued at about $5,009,000. Andra AP fonden raised its stake in Citizens Financial Group by 49.1% during the second quarter. Andra AP fonden now owns 308,300 shares of the bank’s stock worth $11,108,000 after acquiring an additional 101,500 shares in the last quarter. Finally, Pathstone Holdings LLC lifted its holdings in shares of Citizens Financial Group by 7.7% in the third quarter. Pathstone Holdings LLC now owns 154,546 shares of the bank’s stock worth $6,347,000 after acquiring an additional 11,044 shares during the last quarter. 94.90% of the stock is owned by institutional investors.

Citizens Financial Group Trading Down 0.0 %

NYSE CFG opened at $48.14 on Friday. The stock has a market capitalization of $21.22 billion, a P/E ratio of 18.95, a P/E/G ratio of 1.83 and a beta of 1.07. The business has a 50 day simple moving average of $43.54 and a 200 day simple moving average of $40.24. 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, Inc. has a one year low of $26.99 and a one year high of $49.25.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings data on Wednesday, October 16th. The bank reported $0.79 EPS for the quarter, hitting 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 company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter last year, the firm posted $0.85 EPS. The company’s quarterly revenue was down 5.6% on a year-over-year basis. Research analysts expect 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 disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Wednesday, October 30th were issued a dividend of $0.42 per share. The ex-dividend date of this dividend was Wednesday, October 30th. This represents a $1.68 annualized dividend and a dividend yield of 3.49%. Citizens Financial Group’s dividend payout ratio is currently 66.14%.

Analyst Upgrades and Downgrades

CFG has been the subject of a number of research analyst reports. Citigroup upped their price objective on shares of Citizens Financial Group from $50.00 to $58.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. 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 note on Monday, September 30th. Barclays boosted their price objective on Citizens Financial Group from $40.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. StockNews.com raised Citizens Financial Group from a “sell” rating to a “hold” rating in a research note on Thursday, October 17th. Finally, Morgan Stanley upped their price objective on Citizens Financial Group from $41.00 to $50.00 and gave the company an “equal weight” rating in a research note on Monday, August 5th. Nine analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $45.47.

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.