Citizens Financial Group, Inc. $CFG Shares Sold by Kempner Capital Management Inc.

Kempner Capital Management Inc. lessened its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 47.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 62,575 shares of the bank’s stock after selling 55,504 shares during the period. Citizens Financial Group comprises 2.8% of Kempner Capital Management Inc.’s investment portfolio, making the stock its 10th largest holding. Kempner Capital Management Inc.’s holdings in Citizens Financial Group were worth $3,326,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in CFG. Investors Research Corp raised its holdings in shares of Citizens Financial Group by 344.8% during the second quarter. Investors Research Corp now owns 645 shares of the bank’s stock valued at $29,000 after acquiring an additional 500 shares during the period. Trust Co. of Vermont grew its position in Citizens Financial Group by 177.5% during the 2nd quarter. Trust Co. of Vermont now owns 641 shares of the bank’s stock worth $29,000 after purchasing an additional 410 shares in the last quarter. GoalVest Advisory LLC raised its stake in Citizens Financial Group by 16,900.0% during the 2nd quarter. GoalVest Advisory LLC now owns 680 shares of the bank’s stock valued at $30,000 after purchasing an additional 676 shares during the period. REAP Financial Group LLC lifted its holdings in shares of Citizens Financial Group by 72.4% in the second quarter. REAP Financial Group LLC now owns 736 shares of the bank’s stock valued at $33,000 after purchasing an additional 309 shares in the last quarter. Finally, Capital A Wealth Management LLC boosted its position in shares of Citizens Financial Group by 3,970.0% in the second quarter. Capital A Wealth Management LLC now owns 814 shares of the bank’s stock worth $36,000 after buying an additional 794 shares during the period. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Citizens Financial Group Stock Down 0.1%

CFG opened at $59.81 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $25.69 billion, a price-to-earnings ratio of 16.75, a P/E/G ratio of 0.64 and a beta of 0.74. The business has a 50 day moving average of $54.10 and a 200-day moving average of $50.66. Citizens Financial Group, Inc. has a 1-year low of $32.60 and a 1-year high of $60.10.

Citizens Financial Group (NYSE:CFG) last issued its earnings results on Wednesday, October 15th. The bank reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.02. The business had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2.10 billion. Citizens Financial Group had a return on equity of 7.48% and a net margin of 14.17%.Citizens Financial Group’s revenue was up 11.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.79 earnings per share. As a group, sell-side analysts anticipate that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current year.

Citizens Financial Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 12th. Stockholders of record on Wednesday, October 29th were issued a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Wednesday, October 29th. This is an increase from Citizens Financial Group’s previous quarterly dividend of $0.42. Citizens Financial Group’s dividend payout ratio (DPR) is presently 51.54%.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Keefe, Bruyette & Woods upped their price target on Citizens Financial Group from $62.00 to $68.00 and gave the company an “outperform” rating in a research report on Wednesday, December 17th. Barclays upped their target price on Citizens Financial Group from $55.00 to $56.00 and gave the company an “equal weight” rating in a report on Thursday, October 16th. Citigroup cut shares of Citizens Financial Group from a “buy” rating to a “hold” rating in a report on Thursday, December 11th. Baird R W lowered shares of Citizens Financial Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 11th. Finally, Robert W. Baird reiterated a “neutral” rating and issued a $60.00 target price on shares of Citizens Financial Group in a research report on Thursday, December 11th. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $57.57.

Citizens Financial Group Company Profile

Citizens Financial Group, Inc (NYSE: CFG) is a bank holding company that provides a broad range of banking and financial services to individuals, small and middle-market businesses, corporations and institutional clients. Headquartered in Providence, Rhode Island, Citizens conducts its banking operations principally through its primary banking subsidiary, Citizens Bank, and serves customers through a combination of branch locations, ATMs and digital channels. The company is publicly traded and operates under the regulatory framework applicable to U.S.