Wallington Asset Management LLC trimmed its stake in Citizens Financial Group Inc (NYSE:CFG) by 1.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 125,050 shares of the bank’s stock after selling 1,300 shares during the period. Wallington Asset Management LLC’s holdings in Citizens Financial Group were worth $5,250,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. First Allied Advisory Services Inc. grew its position in shares of Citizens Financial Group by 1.1% in the 2nd quarter. First Allied Advisory Services Inc. now owns 7,101 shares of the bank’s stock valued at $250,000 after buying an additional 76 shares during the last quarter. Wilbanks Smith & Thomas Asset Management LLC grew its position in shares of Citizens Financial Group by 6.2% in the 2nd quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 8,533 shares of the bank’s stock valued at $304,000 after buying an additional 500 shares during the last quarter. First Republic Investment Management Inc. grew its position in shares of Citizens Financial Group by 23.6% in the 3rd quarter. First Republic Investment Management Inc. now owns 7,649 shares of the bank’s stock valued at $290,000 after buying an additional 1,458 shares during the last quarter. Eqis Capital Management Inc. grew its position in shares of Citizens Financial Group by 20.4% in the 3rd quarter. Eqis Capital Management Inc. now owns 9,470 shares of the bank’s stock valued at $359,000 after buying an additional 1,607 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in shares of Citizens Financial Group by 2.1% in the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 79,799 shares of the bank’s stock valued at $3,022,000 after buying an additional 1,616 shares during the last quarter. 98.38% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director Wendy A. Watson sold 4,000 shares of the firm’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $40.31, for a total value of $161,240.00. Following the completion of the sale, the director now owns 12,917 shares in the company, valued at approximately $520,684.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.21% of the stock is currently owned by company insiders.

A number of research analysts recently commented on the stock. Sanford C. Bernstein set a $52.00 target price on shares of Citizens Financial Group and gave the company a “buy” rating in a research report on Monday, January 22nd. TheStreet raised shares of Citizens Financial Group from a “c” rating to an “a+” rating in a research report on Monday, November 27th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $45.00 target price on shares of Citizens Financial Group in a research report on Sunday, January 21st. Zacks Investment Research raised shares of Citizens Financial Group from a “hold” rating to a “buy” rating and set a $46.00 price objective on the stock in a research report on Monday, December 4th. Finally, Barclays raised their price objective on shares of Citizens Financial Group from $39.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Monday, October 23rd. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $42.36.

Shares of Citizens Financial Group Inc (NYSE:CFG) opened at $44.84 on Thursday. Citizens Financial Group Inc has a 52 week low of $31.51 and a 52 week high of $48.23. The company has a market cap of $21,942.81, a price-to-earnings ratio of 13.71, a PEG ratio of 0.74 and a beta of 1.39. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.59.

Citizens Financial Group (NYSE:CFG) last released its earnings results on Friday, January 19th. The bank reported $0.71 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.04. Citizens Financial Group had a net margin of 25.60% and a return on equity of 6.73%. The company had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter last year, the business earned $0.55 EPS. The business’s revenue was up 8.9% on a year-over-year basis. equities research analysts expect that Citizens Financial Group Inc will post 3.36 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 1.96%. The ex-dividend date of this dividend is Wednesday, January 31st. This is a boost from Citizens Financial Group’s previous quarterly dividend of $0.18. Citizens Financial Group’s dividend payout ratio (DPR) is 26.91%.

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About Citizens Financial Group

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.

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

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