Citizens Financial Group Inc (CFG) Position Decreased by Ffcm LLC
Ffcm LLC cut its holdings in shares of Citizens Financial Group Inc (NYSE:CFG) by 4.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,392 shares of the bank’s stock after selling 1,356 shares during the quarter. Ffcm LLC’s holdings in Citizens Financial Group were worth $1,127,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. LSV Asset Management grew its holdings in Citizens Financial Group by 51.7% in the 2nd quarter. LSV Asset Management now owns 7,513,125 shares of the bank’s stock valued at $292,260,000 after buying an additional 2,561,477 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Citizens Financial Group by 14.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 16,986,749 shares of the bank’s stock valued at $655,180,000 after buying an additional 2,189,838 shares in the last quarter. Bank of Montreal Can grew its holdings in Citizens Financial Group by 51.9% in the 3rd quarter. Bank of Montreal Can now owns 5,312,122 shares of the bank’s stock valued at $204,888,000 after buying an additional 1,815,395 shares in the last quarter. Janus Henderson Group PLC grew its holdings in Citizens Financial Group by 30.8% in the 2nd quarter. Janus Henderson Group PLC now owns 4,493,533 shares of the bank’s stock valued at $174,800,000 after buying an additional 1,058,650 shares in the last quarter. Finally, Unigestion Holding SA acquired a new position in Citizens Financial Group in the 2nd quarter valued at $39,051,000. 96.79% of the stock is currently owned by institutional investors and hedge funds.
Shares of CFG stock opened at $36.21 on Thursday. The company has a quick ratio of 0.98, a current ratio of 1.00 and a debt-to-equity ratio of 0.79. Citizens Financial Group Inc has a twelve month low of $34.88 and a twelve month high of $48.23. The firm has a market cap of $17.60 billion, a P/E ratio of 14.03, a price-to-earnings-growth ratio of 0.69 and a beta of 1.25.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 14th. Investors of record on Wednesday, October 31st were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Tuesday, October 30th. This represents a $1.08 annualized dividend and a dividend yield of 2.98%. Citizens Financial Group’s dividend payout ratio is currently 41.86%.
In other Citizens Financial Group news, Director Charles John Koch acquired 14,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 23rd. The stock was acquired at an average cost of $36.32 per share, for a total transaction of $508,480.00. Following the transaction, the director now directly owns 49,937 shares in the company, valued at $1,813,711.84. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.22% of the stock is owned by corporate insiders.
A number of research firms have recently weighed in on CFG. Macquarie upgraded Citizens Financial Group from an “underperform” rating to a “neutral” rating and set a $38.00 target price for the company in a research report on Monday, October 22nd. BMO Capital Markets cut their target price on Citizens Financial Group from $48.00 to $45.00 and set an “outperform” rating for the company in a research report on Monday, October 22nd. Zacks Investment Research downgraded Citizens Financial Group from a “buy” rating to a “hold” rating in a research report on Monday, July 23rd. Bank of America upgraded Citizens Financial Group from an “underperform” rating to a “buy” rating and set a $43.00 target price for the company in a research report on Monday, October 22nd. Finally, ValuEngine downgraded Citizens Financial Group from a “hold” rating to a “sell” rating in a research report on Thursday, September 27th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company’s stock. Citizens Financial Group has an average rating of “Hold” and an average target price of $45.09.
Citizens Financial Group Company Profile
Citizens Financial Group, Inc operates as the bank holding company for Citizens Bank, National Association and Citizens Bank of Pennsylvania that provide retail and commercial banking products and services in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.
Featured Story: Rule of 72
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).
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.