Citizens Financial Group, Inc. (NYSE:CFG) Shares Sold by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale cut its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 0.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 272,700 shares of the bank’s stock after selling 1,825 shares during the quarter. DekaBank Deutsche Girozentrale owned about 0.06% of Citizens Financial Group worth $9,439,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Vest Financial LLC boosted its position in Citizens Financial Group by 26.7% during the second quarter. Vest Financial LLC now owns 31,706 shares of the bank’s stock worth $1,142,000 after acquiring an additional 6,677 shares during the last quarter. Achmea Investment Management B.V. boosted its holdings in Citizens Financial Group by 2.2% in the 2nd quarter. Achmea Investment Management B.V. now owns 257,600 shares of the bank’s stock valued at $9,281,000 after purchasing an additional 5,443 shares during the last quarter. Qsemble Capital Management LP boosted its holdings in Citizens Financial Group by 183.6% in the 2nd quarter. Qsemble Capital Management LP now owns 84,024 shares of the bank’s stock valued at $3,027,000 after purchasing an additional 54,400 shares during the last quarter. American Century Companies Inc. boosted its holdings in Citizens Financial Group by 2.6% in the 2nd quarter. American Century Companies Inc. now owns 204,454 shares of the bank’s stock valued at $7,366,000 after purchasing an additional 5,191 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new position in Citizens Financial Group in the 2nd quarter valued at about $387,000. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Craig Jack Read sold 3,938 shares of the company’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $43.26, for a total value of $170,357.88. Following the completion of the transaction, the insider now owns 33,620 shares in the company, valued at approximately $1,454,401.20. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.62% of the company’s stock.

Citizens Financial Group Price Performance

Shares of CFG opened at $40.60 on Tuesday. Citizens Financial Group, Inc. has a fifty-two week low of $22.77 and a fifty-two week high of $43.96. The firm’s 50 day moving average price is $40.81 and its 200 day moving average price is $36.92. The company has a market cap of $18.20 billion, a P/E ratio of 14.71, a PEG ratio of 1.42 and a beta of 1.08. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.60.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings data on Wednesday, July 17th. The bank reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.01). Citizens Financial Group had a net margin of 10.74% and a return on equity of 6.21%. The firm had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.95 billion. During the same period in the prior year, the company posted $0.92 earnings per share. The company’s revenue for the quarter was down 6.3% on a year-over-year basis. On average, research analysts forecast that Citizens Financial Group, Inc. will post 3.24 earnings per share for the current fiscal year.

Citizens Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Wednesday, July 31st were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 4.14%. The ex-dividend date was Wednesday, July 31st. Citizens Financial Group’s payout ratio is 60.87%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on CFG shares. Raymond James started coverage on shares of Citizens Financial Group in a report on Thursday, July 11th. They issued a “market perform” rating on the stock. Royal Bank of Canada boosted their target price on shares of Citizens Financial Group from $35.00 to $43.00 and gave the company an “outperform” rating in a report on Thursday, July 18th. Evercore ISI boosted their price target on shares of Citizens Financial Group from $38.00 to $39.00 and gave the company an “in-line” rating in a research note on Tuesday, June 25th. UBS Group boosted their price target on shares of Citizens Financial Group from $42.00 to $46.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Finally, Stephens boosted their price target on shares of Citizens Financial Group from $40.00 to $42.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Ten investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $42.20.

About Citizens Financial Group

Citizens Financial Group, Inc operates as the bank holding company that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, corporations, and institutions in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.