Tounjian Advisory Partners LLC Trims Holdings in Citizens Financial Group, Inc. $CFG

Tounjian Advisory Partners LLC cut its stake in Citizens Financial Group, Inc. (NYSE:CFG) by 36.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,912 shares of the bank’s stock after selling 14,220 shares during the period. Tounjian Advisory Partners LLC’s holdings in Citizens Financial Group were worth $1,324,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in CFG. NewEdge Advisors LLC raised its stake in Citizens Financial Group by 2.4% during the first quarter. NewEdge Advisors LLC now owns 11,531 shares of the bank’s stock valued at $472,000 after buying an additional 274 shares in the last quarter. Empowered Funds LLC increased its stake in shares of Citizens Financial Group by 6.7% during the 1st quarter. Empowered Funds LLC now owns 8,838 shares of the bank’s stock worth $362,000 after purchasing an additional 554 shares during the last quarter. Woodline Partners LP raised its holdings in Citizens Financial Group by 39.5% during the first quarter. Woodline Partners LP now owns 36,932 shares of the bank’s stock valued at $1,513,000 after buying an additional 10,466 shares in the last quarter. Sivia Capital Partners LLC raised its stake in shares of Citizens Financial Group by 93.4% in the 2nd quarter. Sivia Capital Partners LLC now owns 9,814 shares of the bank’s stock valued at $439,000 after acquiring an additional 4,739 shares in the last quarter. Finally, Transcend Capital Advisors LLC bought a new stake in Citizens Financial Group during the 2nd quarter valued at approximately $291,000. 94.90% of the stock is owned by institutional investors and hedge funds.

Citizens Financial Group Stock Performance

Shares of NYSE CFG opened at $60.07 on Friday. The stock has a market cap of $25.53 billion, a PE ratio of 15.52, a price-to-earnings-growth ratio of 0.52 and a beta of 0.72. The firm has a fifty day moving average price of $62.54 and a 200-day moving average price of $55.93. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.85 and a quick ratio of 0.84. Citizens Financial Group, Inc. has a 1 year low of $32.60 and a 1 year high of $68.79.

Citizens Financial Group (NYSE:CFG) last posted its earnings results on Wednesday, January 21st. The bank reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.02. The firm had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.16 billion. Citizens Financial Group had a return on equity of 7.81% and a net margin of 15.19%.The company’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.85 EPS. Equities analysts anticipate that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current fiscal year.

Citizens Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 18th. Shareholders of record on Wednesday, February 4th were given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Wednesday, February 4th. Citizens Financial Group’s payout ratio is currently 47.55%.

Analyst Ratings Changes

CFG has been the subject of several research analyst reports. Raymond James Financial cut shares of Citizens Financial Group from a “strong-buy” rating to an “outperform” rating and boosted their price objective for the stock from $62.00 to $66.00 in a research report on Wednesday, January 7th. Barclays set a $77.00 price objective on shares of Citizens Financial Group and gave the stock an “overweight” rating in a report on Monday, January 5th. Robert W. Baird restated a “neutral” rating and issued a $60.00 target price on shares of Citizens Financial Group in a research note on Thursday, December 11th. Keefe, Bruyette & Woods increased their price objective on Citizens Financial Group from $68.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday, January 22nd. Finally, TD Cowen raised their price target on Citizens Financial Group from $75.00 to $78.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $68.77.

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.