Impax Asset Management Group plc Sells 195,947 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Impax Asset Management Group plc cut its position in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 21.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 696,939 shares of the bank’s stock after selling 195,947 shares during the quarter. Impax Asset Management Group plc’s holdings in Citizens Financial Group were worth $28,623,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Capital International Investors grew its stake in shares of Citizens Financial Group by 4.4% during the 1st quarter. Capital International Investors now owns 36,709,412 shares of the bank’s stock worth $1,332,185,000 after acquiring an additional 1,552,333 shares in the last quarter. LSV Asset Management grew its position in Citizens Financial Group by 1.8% in the second quarter. LSV Asset Management now owns 6,580,797 shares of the bank’s stock valued at $237,106,000 after purchasing an additional 113,300 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Citizens Financial Group by 15.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,429,264 shares of the bank’s stock valued at $159,550,000 after buying an additional 587,115 shares during the last quarter. AQR Capital Management LLC lifted its position in Citizens Financial Group by 61.4% during the 2nd quarter. AQR Capital Management LLC now owns 4,422,948 shares of the bank’s stock worth $155,909,000 after buying an additional 1,682,886 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its stake in shares of Citizens Financial Group by 1.7% during the 2nd quarter. Hsbc Holdings PLC now owns 2,764,090 shares of the bank’s stock worth $99,448,000 after buying an additional 45,038 shares during the last quarter. Institutional investors and hedge funds own 94.90% of the company’s stock.

Citizens Financial Group Price Performance

Citizens Financial Group stock opened at $41.59 on Tuesday. The firm has a market cap of $18.51 billion, a PE ratio of 16.37, a price-to-earnings-growth ratio of 1.61 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 stock’s fifty day moving average price is $41.50 and its two-hundred day moving average price is $38.73. Citizens Financial Group, Inc. has a one year low of $24.61 and a one year high of $44.39.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings results on Wednesday, October 16th. The bank reported $0.79 EPS for the quarter, meeting analysts’ consensus estimates of $0.79. Citizens Financial Group had a return on equity of 5.73% and a net margin of 10.37%. The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the previous year, the firm earned $0.85 earnings per share. Citizens Financial Group’s revenue for the quarter was down 5.6% compared to the same quarter last year. As a group, research analysts expect that Citizens Financial Group, Inc. will post 3.19 EPS for the current fiscal year.

Citizens Financial Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 13th. Investors of record on Wednesday, October 30th will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, October 30th. This represents a $1.68 annualized dividend and a dividend yield of 4.04%. Citizens Financial Group’s dividend payout ratio is currently 66.14%.

Wall Street Analyst Weigh In

CFG has been the topic of a number of recent research reports. Stephens lifted their target price on Citizens Financial Group from $40.00 to $42.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. StockNews.com raised Citizens Financial Group from a “sell” rating to a “hold” rating in a report on Thursday, October 17th. UBS Group boosted their target price on shares of Citizens Financial Group from $42.00 to $46.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Barclays upped their price target on shares of 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. Finally, Evercore ISI decreased their price objective on shares of 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. Nine investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Citizens Financial Group has an average rating of “Hold” and a consensus target price of $43.80.

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.