Rhino Investment Partners Inc Sells 91,917 Shares of Citizens Financial Group, Inc. $CFG

Rhino Investment Partners Inc cut its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 22.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 326,035 shares of the bank’s stock after selling 91,917 shares during the quarter. Citizens Financial Group comprises approximately 5.5% of Rhino Investment Partners Inc’s investment portfolio, making the stock its 8th biggest position. Rhino Investment Partners Inc owned 0.08% of Citizens Financial Group worth $17,332,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. True Wealth Design LLC lifted its position in Citizens Financial Group by 891.5% in the third quarter. True Wealth Design LLC now owns 585 shares of the bank’s stock valued at $31,000 after buying an additional 526 shares during the last quarter. Capital A Wealth Management LLC boosted its stake in Citizens Financial Group by 3,970.0% during 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. State of Wyoming acquired a new stake in shares of Citizens Financial Group during the second quarter valued at about $39,000. Kestra Investment Management LLC increased its position in shares of Citizens Financial Group by 2,703.0% during the second quarter. Kestra Investment Management LLC now owns 925 shares of the bank’s stock valued at $41,000 after acquiring an additional 892 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC purchased a new stake in shares of Citizens Financial Group in the 2nd quarter valued at approximately $45,000. 94.90% of the stock is currently owned by hedge funds and other institutional investors.

Citizens Financial Group Stock Down 2.4%

Shares of Citizens Financial Group stock opened at $55.59 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.46. Citizens Financial Group, Inc. has a 52-week low of $32.60 and a 52-week high of $68.79. The company has a market capitalization of $23.63 billion, a P/E ratio of 14.37, a P/E/G ratio of 0.46 and a beta of 0.70. The company has a 50 day moving average of $62.41 and a 200 day moving average of $56.60.

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

Citizens Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 18th. Investors of record on Wednesday, February 4th were issued a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend was Wednesday, February 4th. Citizens Financial Group’s dividend payout ratio is 47.55%.

Insiders Place Their Bets

In other Citizens Financial Group news, insider Susan Lamonica sold 13,258 shares of the firm’s stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $58.04, for a total value of $769,494.32. Following the sale, the insider directly owned 165,971 shares in the company, valued at $9,632,956.84. This trade represents a 7.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.65% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently commented on CFG. Citigroup upped their price objective on shares of Citizens Financial Group from $65.00 to $71.00 and gave the stock a “buy” rating in a report on Monday, January 26th. Bank of America boosted their target price on Citizens Financial Group from $70.00 to $78.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Argus upped their price target on Citizens Financial Group from $60.00 to $72.00 and gave the stock a “buy” rating in a research note on Friday, January 23rd. DA Davidson raised their price target on Citizens Financial Group from $65.00 to $73.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Finally, Robert W. Baird raised Citizens Financial Group from a “neutral” rating to an “outperform” rating and set a $65.00 price objective for the company in a research note on Monday, March 9th. Twenty analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $69.95.

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.