41,628 Citizens Financial Group, Inc. $CFG Shares Sold by Hosking Partners LLP

Hosking Partners LLP reduced its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 13.9% in the third quarter, HoldingsChannel.com reports. The firm owned 258,224 shares of the bank’s stock after selling 41,628 shares during the period. Hosking Partners LLP’s holdings in Citizens Financial Group were worth $16,464,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Cedar Mountain Advisors LLC purchased a new stake in Citizens Financial Group in the 1st quarter valued at about $27,000. Elevation Wealth Partners LLC increased its holdings in Citizens Financial Group by 319.8% in the 2nd quarter. Elevation Wealth Partners LLC now owns 424 shares of the bank’s stock worth $30,000 after acquiring an additional 323 shares during the last quarter. Virtus Advisers LLC purchased a new position in shares of Citizens Financial Group in the second quarter worth about $35,000. Keating Financial Advisory Services Inc. purchased a new position in Citizens Financial Group in the 2nd quarter valued at approximately $35,000. Finally, Align Financial LLC bought a new stake in shares of Citizens Financial Group during the 3rd quarter valued at $35,000. Institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Trading Up 1.1%

Shares of NYSE CFG opened at $64.90 on Thursday. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.86 and a quick ratio of 0.86. The firm has a 50-day moving average of $67.48 and a 200 day moving average of $67.19. Citizens Financial Group, Inc. has a 1 year low of $49.00 and a 1 year high of $75.33. The stock has a market cap of $27.33 billion, a P/E ratio of 13.06, a price-to-earnings-growth ratio of 0.59 and a beta of 0.72.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings results on Friday, October 16th. The bank reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.02. Citizens Financial Group had a return on equity of 9.52% and a net margin of 18.07%. The company had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.34 billion. During the same quarter in the prior year, the business posted $1.05 EPS. As a group, sell-side analysts expect that Citizens Financial Group, Inc. will post 5.30 EPS for the current fiscal year.

Citizens Financial Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 30th will be issued a dividend of $0.52 per share. The ex-dividend date is Friday, October 30th. This is a positive change from Citizens Financial Group’s previous quarterly dividend of $0.46. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.2%. Citizens Financial Group’s dividend payout ratio is currently 37.02%.

Insider Buying and Selling

In other Citizens Financial Group news, CEO Bruce Van Saun sold 129,369 shares of the stock in a transaction on Friday, July 24th. The stock was sold at an average price of $72.07, for a total transaction of $9,323,623.83. Following the sale, the chief executive officer directly owned 1,140,763 shares in the company, valued at approximately $82,214,789.41. This trade represents a 10.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.67% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on CFG shares. Argus set a $80.00 target price on shares of Citizens Financial Group in a report on Wednesday, July 29th. Citigroup dropped their target price on Citizens Financial Group from $84.00 to $74.00 and set a “buy” rating for the company in a research report on Tuesday. Barclays upped their price target on shares of Citizens Financial Group from $77.00 to $81.00 and gave the company an “overweight” rating in a research report on Friday, July 17th. Truist Financial cut their target price on shares of Citizens Financial Group from $77.00 to $70.00 and set a “hold” rating on the stock in a report on Tuesday. Finally, Stephens reduced their price target on Citizens Financial Group from $70.00 to $65.00 and set an “equal weight” rating on the stock in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Citizens Financial Group presently has a consensus rating of “Moderate Buy” and an average price target of $77.47.

Citizens Financial Group Profile

Citizens Financial Group, Inc is a bank holding company headquartered in Providence, Rhode Island. Its principal subsidiary, Citizens Bank, provides banking and financial services to consumers, small businesses, middle-market companies, large corporations and institutional clients.

The company offers consumer deposit accounts, residential mortgages, home equity financing, credit cards, personal loans and other lending products. Its commercial banking activities include business loans, equipment financing, treasury management, capital markets services and investment banking.