Epoch Investment Partners Inc. Has $260,000 Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

Epoch Investment Partners Inc. lowered its position in Citizens Financial Group, Inc. (NYSE:CFG) by 8.4% during the second quarter, according to its most recent filing with the SEC. The firm owned 7,230 shares of the bank’s stock after selling 660 shares during the period. Epoch Investment Partners Inc.’s holdings in Citizens Financial Group were worth $260,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Cullen Frost Bankers Inc. increased its holdings in Citizens Financial Group by 12.7% in the second quarter. Cullen Frost Bankers Inc. now owns 2,344 shares of the bank’s stock worth $84,000 after purchasing an additional 264 shares in the last quarter. Dorsey & Whitney Trust CO LLC grew its position in shares of Citizens Financial Group by 3.9% during the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 8,046 shares of the bank’s stock worth $292,000 after buying an additional 305 shares during the period. Czech National Bank increased its stake in shares of Citizens Financial Group by 0.5% in the 1st quarter. Czech National Bank now owns 82,032 shares of the bank’s stock valued at $2,977,000 after acquiring an additional 375 shares in the last quarter. Texas Permanent School Fund Corp lifted its position in shares of Citizens Financial Group by 0.4% during the 1st quarter. Texas Permanent School Fund Corp now owns 96,350 shares of the bank’s stock valued at $3,497,000 after acquiring an additional 382 shares during the period. Finally, Bleakley Financial Group LLC boosted its stake in Citizens Financial Group by 3.6% during the first quarter. Bleakley Financial Group LLC now owns 11,027 shares of the bank’s stock worth $400,000 after acquiring an additional 385 shares in the last quarter. 94.90% of the stock is owned by institutional investors.

Citizens Financial Group Price Performance

Shares of NYSE:CFG opened at $40.75 on Wednesday. Citizens Financial Group, Inc. has a fifty-two week low of $22.77 and a fifty-two week high of $43.96. The company’s 50-day moving average is $41.20 and its 200 day moving average is $37.26. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.86 and a current ratio of 0.87. The company has a market capitalization of $18.54 billion, a P/E ratio of 14.76, a price-to-earnings-growth ratio of 1.42 and a beta of 1.08.

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

Citizens Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Wednesday, July 31st were paid a $0.42 dividend. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $1.68 annualized dividend and a dividend yield of 4.12%. Citizens Financial Group’s payout ratio is presently 60.87%.

Wall Street Analyst Weigh In

CFG has been the topic of several research reports. Raymond James began coverage on shares of Citizens Financial Group in a report on Thursday, July 11th. They set a “market perform” rating on the stock. DA Davidson increased their price target on Citizens Financial Group from $41.00 to $46.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Royal Bank of Canada boosted their price objective on Citizens Financial Group from $35.00 to $43.00 and gave the company an “outperform” rating in a report on Thursday, July 18th. Piper Sandler increased their target price on Citizens Financial Group from $45.00 to $48.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. Finally, 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. Ten research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $42.20.

Insider Activity

In related news, insider Craig Jack Read sold 3,938 shares of Citizens Financial Group stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $43.26, for a total value of $170,357.88. Following the completion of the sale, the insider now owns 33,620 shares of the company’s stock, valued at approximately $1,454,401.20. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.62% of the company’s stock.

Citizens Financial Group Company Profile

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.