Citizens Financial Group, Inc. (NYSE:CFG) Shares Sold by Thompson Investment Management Inc.

Thompson Investment Management Inc. lowered its position in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 2.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 132,816 shares of the bank’s stock after selling 2,852 shares during the period. Thompson Investment Management Inc.’s holdings in Citizens Financial Group were worth $5,812,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in CFG. Wellington Management Group LLP increased its position in Citizens Financial Group by 207.2% in the 3rd quarter. Wellington Management Group LLP now owns 8,272,043 shares of the bank’s stock valued at $339,733,000 after acquiring an additional 5,579,313 shares during the period. State Street Corp boosted its stake in shares of Citizens Financial Group by 6.7% during the 3rd quarter. State Street Corp now owns 25,826,368 shares of the bank’s stock worth $1,060,689,000 after acquiring an additional 1,615,144 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Citizens Financial Group by 85.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 2,043,650 shares of the bank’s stock worth $83,933,000 after acquiring an additional 942,662 shares in the last quarter. Bank of Montreal Can raised its position in shares of Citizens Financial Group by 51.1% during the 3rd quarter. Bank of Montreal Can now owns 2,644,542 shares of the bank’s stock worth $107,897,000 after purchasing an additional 894,322 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its position in shares of Citizens Financial Group by 124.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,511,148 shares of the bank’s stock worth $62,063,000 after purchasing an additional 838,917 shares during the last quarter. Institutional investors and hedge funds own 94.90% of the company’s stock.

Citizens Financial Group Stock Performance

Shares of CFG stock opened at $47.96 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.85 and a current ratio of 0.85. Citizens Financial Group, Inc. has a one year low of $30.24 and a one year high of $49.25. The company’s 50-day simple moving average is $45.77 and its 200-day simple moving average is $43.61. The stock has a market capitalization of $21.13 billion, a price-to-earnings ratio of 15.83, a PEG ratio of 0.84 and a beta of 1.10.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings results on Friday, January 17th. The bank reported $0.85 EPS for the quarter, topping the consensus estimate of $0.83 by $0.02. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. The business had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.96 billion. During the same quarter last year, the company posted $0.85 earnings per share. The company’s quarterly revenue was down .1% compared to the same quarter last year. Equities analysts anticipate that Citizens Financial Group, Inc. will post 3.93 earnings per share for the current fiscal year.

Citizens Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be given a dividend of $0.42 per share. The ex-dividend date is Friday, January 31st. This represents a $1.68 annualized dividend and a dividend yield of 3.50%. Citizens Financial Group’s payout ratio is 55.45%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Barclays lifted their price objective on Citizens Financial Group from $47.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Monday, January 6th. DA Davidson boosted their price target on Citizens Financial Group from $46.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, October 17th. Stephens reiterated an “overweight” rating and issued a $53.00 price target on shares of Citizens Financial Group in a report on Wednesday, January 29th. Compass Point boosted their price target on Citizens Financial Group from $45.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Finally, Raymond James restated a “strong-buy” rating and set a $58.00 price objective (up from $55.00) on shares of Citizens Financial Group in a report on Tuesday, January 21st. Nine research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Citizens Financial Group presently has an average rating of “Moderate Buy” and an average price target of $49.00.

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.