Dynamic Technology Lab Private Ltd reduced its position in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 11.9% in the third quarter, according to its most recent filing with the SEC. The fund owned 33,596 shares of the bank’s stock after selling 4,528 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Citizens Financial Group were worth $1,273,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CFG. Sun Life Financial INC raised its holdings in Citizens Financial Group by 41,266.7% during the 2nd quarter. Sun Life Financial INC now owns 3,723 shares of the bank’s stock valued at $133,000 after buying an additional 3,714 shares during the period. Smithfield Trust Co. raised its holdings in Citizens Financial Group by 1.4% during the 2nd quarter. Smithfield Trust Co. now owns 4,994 shares of the bank’s stock valued at $178,000 after buying an additional 70 shares during the period. Lipe & Dalton purchased a new stake in Citizens Financial Group during the 3rd quarter valued at $207,000. Colony Group LLC purchased a new stake in Citizens Financial Group during the 2nd quarter valued at $210,000. Finally, Courier Capital LLC purchased a new stake in Citizens Financial Group during the 2nd quarter valued at $214,000. Hedge funds and other institutional investors own 95.63% of the company’s stock.

Several analysts recently weighed in on the company. Zacks Investment Research upgraded Citizens Financial Group from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a report on Monday, September 18th. BMO Capital Markets restated a “market perform” rating and set a $39.00 price target (up previously from $38.00) on shares of Citizens Financial Group in a report on Tuesday, July 25th. Citigroup Inc. restated a “neutral” rating and set a $42.00 price target (up previously from $38.00) on shares of Citizens Financial Group in a report on Monday, October 9th. BidaskClub upgraded Citizens Financial Group from a “strong sell” rating to a “sell” rating in a report on Friday, August 25th. Finally, Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Citizens Financial Group in a report on Monday, October 23rd. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $39.14.

Citizens Financial Group, Inc. (CFG) traded up $0.25 on Monday, hitting $38.17. The stock had a trading volume of 2,096,700 shares, compared to its average volume of 4,708,649. Citizens Financial Group, Inc. has a fifty-two week low of $31.51 and a fifty-two week high of $39.75. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.67. The company has a market cap of $18,800.00, a P/E ratio of 15.45, a price-to-earnings-growth ratio of 0.98 and a beta of 1.35.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings results on Friday, October 20th. The bank reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.04. Citizens Financial Group had a return on equity of 6.44% and a net margin of 20.26%. The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the prior year, the company earned $0.52 EPS. The business’s revenue was up 4.6% compared to the same quarter last year. equities analysts forecast that Citizens Financial Group, Inc. will post 2.59 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend was Tuesday, October 31st. Citizens Financial Group’s payout ratio is 29.15%.

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Citizens Financial Group Profile

Citizens Financial Group, Inc is a retail bank holding company. The Company operates through two segments: Consumer Banking and Commercial Banking. Its Consumer Banking serves retail customers and small businesses. Consumer Banking products and services include deposit products, mortgage and home equity lending, auto financing, student loans, personal unsecured lines and loans, credit cards, business loans, wealth management and investment services.

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

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