Northwestern Mutual Wealth Management Co. Has $729,000 Position in Citizens Financial Group, Inc. (NYSE:CFG)

Northwestern Mutual Wealth Management Co. trimmed its holdings in Citizens Financial Group, Inc. (NYSE:CFG) by 20.9% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,234 shares of the bank’s stock after selling 5,358 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Citizens Financial Group were worth $729,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Innealta Capital LLC bought a new stake in Citizens Financial Group in the second quarter worth $25,000. Versant Capital Management Inc boosted its stake in shares of Citizens Financial Group by 262.8% during the 2nd quarter. Versant Capital Management Inc now owns 936 shares of the bank’s stock worth $34,000 after acquiring an additional 678 shares in the last quarter. Private Ocean LLC boosted its stake in shares of Citizens Financial Group by 484.4% during the 2nd quarter. Private Ocean LLC now owns 1,011 shares of the bank’s stock worth $36,000 after acquiring an additional 838 shares in the last quarter. Quarry LP increased its holdings in shares of Citizens Financial Group by 183.1% during the 4th quarter. Quarry LP now owns 1,104 shares of the bank’s stock valued at $37,000 after acquiring an additional 714 shares during the last quarter. Finally, Ridgewood Investments LLC bought a new position in shares of Citizens Financial Group in the 2nd quarter valued at approximately $48,000. Institutional investors and hedge funds own 94.90% of the company’s stock.

Citizens Financial Group Trading Down 0.0 %

Shares of Citizens Financial Group stock opened at $41.17 on Tuesday. Citizens Financial Group, Inc. has a 52-week low of $22.77 and a 52-week high of $43.96. The firm has a market capitalization of $18.73 billion, a PE ratio of 14.92, a price-to-earnings-growth ratio of 1.43 and a beta of 1.07. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.87 and a quick ratio of 0.86. The company’s fifty day moving average price is $40.97 and its two-hundred day moving average price is $37.63.

Citizens Financial Group (NYSE:CFG) last posted 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). Citizens Financial Group had a net margin of 10.74% and a return on equity of 6.21%. The business had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same period in the previous year, the firm earned $0.92 EPS. The business’s revenue was down 6.3% compared to the same quarter last year. On average, analysts expect that Citizens Financial Group, Inc. will post 3.24 EPS for the current year.

Citizens Financial Group Announces Dividend

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. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.08%. Citizens Financial Group’s payout ratio is presently 60.87%.

Insider Buying and Selling

In other Citizens Financial Group news, insider Craig Jack Read sold 3,938 shares of the company’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $43.26, for a total value of $170,357.88. Following the sale, the insider now directly owns 33,620 shares in the company, valued at $1,454,401.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.62% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have commented on the company. DA Davidson increased their price target on Citizens Financial Group from $41.00 to $46.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Raymond James began coverage on shares of Citizens Financial Group in a report on Thursday, July 11th. They issued a “market perform” rating on the stock. Morgan Stanley upped their price target on shares of Citizens Financial Group from $41.00 to $50.00 and gave the company an “equal weight” rating in a report on Monday, August 5th. UBS Group lifted their price objective on Citizens Financial Group from $42.00 to $46.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Finally, Royal Bank of Canada boosted their price objective on Citizens Financial Group from $35.00 to $43.00 and gave the stock an “outperform” rating in a research report on Thursday, July 18th. Ten analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $43.07.

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.