Keybank National Association OH lowered its position in shares of Citizens Financial Group Inc (NYSE:CFG) by 15.3% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 49,712 shares of the bank’s stock after selling 8,982 shares during the period. Keybank National Association OH’s holdings in Citizens Financial Group were worth $1,758,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Huntington National Bank boosted its position in Citizens Financial Group by 18.1% during the 2nd quarter. Huntington National Bank now owns 2,538 shares of the bank’s stock valued at $90,000 after buying an additional 389 shares during the period. Greenleaf Trust boosted its position in Citizens Financial Group by 5.1% during the 2nd quarter. Greenleaf Trust now owns 8,248 shares of the bank’s stock valued at $292,000 after buying an additional 397 shares during the period. Advisor Partners LLC boosted its position in Citizens Financial Group by 3.6% during the 2nd quarter. Advisor Partners LLC now owns 11,706 shares of the bank’s stock valued at $414,000 after buying an additional 404 shares during the period. BancorpSouth Bank boosted its position in Citizens Financial Group by 3.1% during the 2nd quarter. BancorpSouth Bank now owns 13,376 shares of the bank’s stock valued at $473,000 after buying an additional 406 shares during the period. Finally, Global Financial Private Capital LLC boosted its position in Citizens Financial Group by 0.6% during the 1st quarter. Global Financial Private Capital LLC now owns 72,595 shares of the bank’s stock valued at $2,359,000 after buying an additional 446 shares during the period. 95.21% of the stock is owned by institutional investors and hedge funds.

NYSE:CFG opened at $32.40 on Friday. The company has a 50-day moving average price of $35.37 and a 200-day moving average price of $35.10. Citizens Financial Group Inc has a 12 month low of $27.62 and a 12 month high of $41.76. The company has a current ratio of 0.96, a quick ratio of 0.95 and a debt-to-equity ratio of 0.55. The stock has a market cap of $14.49 billion, a price-to-earnings ratio of 9.10, a P/E/G ratio of 1.86 and a beta of 1.45.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings results on Friday, July 19th. The bank reported $0.96 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.02. The company had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.62 billion. Citizens Financial Group had a net margin of 22.61% and a return on equity of 8.94%. During the same period last year, the business earned $0.88 EPS. Equities analysts forecast that Citizens Financial Group Inc will post 3.82 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 14th. Investors of record on Wednesday, July 31st were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 4.44%. This is a positive change from Citizens Financial Group’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Tuesday, July 30th. Citizens Financial Group’s dividend payout ratio (DPR) is presently 40.45%.

Several research firms have recently commented on CFG. UBS Group cut shares of Citizens Financial Group from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $40.00 to $38.00 in a research report on Wednesday, July 10th. JPMorgan Chase & Co. dropped their target price on shares of Citizens Financial Group from $41.50 to $40.50 and set an “overweight” rating for the company in a research report on Tuesday, July 9th. Citigroup cut shares of Citizens Financial Group from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $40.00 to $35.00 in a research report on Friday, July 12th. Zacks Investment Research cut shares of Citizens Financial Group from a “hold” rating to a “sell” rating and set a $37.00 target price for the company. in a research report on Friday, July 12th. Finally, Argus raised shares of Citizens Financial Group from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research report on Monday, July 29th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company. Citizens Financial Group currently has a consensus rating of “Hold” and an average target price of $40.42.

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.

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

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