BLB&B Advisors LLC cut its holdings in shares of Citizens Financial Group Inc (NYSE:CFG) by 3.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,745 shares of the bank’s stock after selling 400 shares during the quarter. BLB&B Advisors LLC’s holdings in Citizens Financial Group were worth $349,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. RKL Wealth Management LLC raised its position in Citizens Financial Group by 0.9% during the 4th quarter. RKL Wealth Management LLC now owns 33,064 shares of the bank’s stock worth $980,000 after buying an additional 310 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its position in Citizens Financial Group by 0.4% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 85,820 shares of the bank’s stock worth $2,552,000 after buying an additional 339 shares during the last quarter. Huntington National Bank raised its position in Citizens Financial Group by 19.1% during the 1st quarter. Huntington National Bank now owns 2,149 shares of the bank’s stock worth $70,000 after buying an additional 345 shares during the last quarter. CWM LLC raised its position in Citizens Financial Group by 29.3% during the 4th quarter. CWM LLC now owns 1,536 shares of the bank’s stock worth $46,000 after buying an additional 348 shares during the last quarter. Finally, Thrivent Financial for Lutherans raised its position in Citizens Financial Group by 1.8% during the 4th quarter. Thrivent Financial for Lutherans now owns 21,187 shares of the bank’s stock worth $630,000 after buying an additional 373 shares during the last quarter. 97.80% of the stock is owned by institutional investors.

A number of equities analysts have issued reports on the stock. Zacks Investment Research lowered shares of Citizens Financial Group from a “buy” rating to a “hold” rating in a research report on Wednesday, February 13th. ValuEngine raised shares of Citizens Financial Group from a “strong sell” rating to a “sell” rating in a research report on Friday. Goldman Sachs Group raised shares of Citizens Financial Group to a “buy” rating and reduced their price target for the stock from $44.00 to $40.00 in a research report on Monday, January 7th. Finally, Citigroup raised shares of Citizens Financial Group from a “neutral” rating to a “buy” rating and dropped their price objective for the stock from $41.00 to $37.00 in a research note on Wednesday, January 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company’s stock. Citizens Financial Group currently has an average rating of “Buy” and a consensus price target of $41.60.

Shares of NYSE CFG opened at $35.36 on Friday. The company has a market cap of $16.28 billion, a PE ratio of 9.93, a PEG ratio of 1.10 and a beta of 1.41. Citizens Financial Group Inc has a 12 month low of $27.62 and a 12 month high of $43.51. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.98 and a current ratio of 0.99.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings data on Thursday, April 18th. The bank reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.04. The business had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.58 billion. Citizens Financial Group had a net margin of 23.20% and a return on equity of 8.67%. During the same quarter last year, the company earned $0.78 EPS. As a group, analysts forecast that Citizens Financial Group Inc will post 3.87 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.62%. Citizens Financial Group’s payout ratio is 35.96%.

TRADEMARK VIOLATION NOTICE: “BLB&B Advisors LLC Sells 400 Shares of Citizens Financial Group Inc (CFG)” was originally posted by TheOlympiaReport and is owned by of TheOlympiaReport. If you are accessing this piece of content on another site, it was copied illegally and republished in violation of United States & international copyright laws. The legal version of this piece of content can be read at https://theolympiareport.com/2019/04/20/blbb-advisors-llc-sells-400-shares-of-citizens-financial-group-inc-cfg.html.

Citizens Financial Group Profile

Citizens Financial Group, Inc operates as the bank holding company for Citizens Bank, National Association and Citizens Bank of Pennsylvania that provides retail and commercial banking products and services in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.

Featured Article: Outstanding Shares and The Effect on Share Price

Want to see what other hedge funds are holding CFG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Citizens Financial Group Inc (NYSE:CFG).

Institutional Ownership by Quarter for Citizens Financial Group (NYSE:CFG)

Receive News & Ratings for Citizens Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citizens Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.