Gulf International Bank UK Ltd Sells 4,942 Shares of Citizens Financial Group, Inc. (NYSE:CFG)
Gulf International Bank UK Ltd trimmed its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG – Free Report) by 11.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 40,071 shares of the bank’s stock after selling 4,942 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Citizens Financial Group were worth $1,327,000 as of its most recent filing with the SEC.
A number of other hedge funds have also bought and sold shares of CFG. Capital World Investors increased its position in Citizens Financial Group by 76.0% during the first quarter. Capital World Investors now owns 19,002,482 shares of the bank’s stock worth $861,383,000 after acquiring an additional 8,203,831 shares during the period. Hotchkis & Wiley Capital Management LLC increased its position in Citizens Financial Group by 58.7% during the second quarter. Hotchkis & Wiley Capital Management LLC now owns 16,058,342 shares of the bank’s stock worth $418,802,000 after acquiring an additional 5,939,590 shares during the period. Wellington Management Group LLP increased its position in Citizens Financial Group by 217.5% during the third quarter. Wellington Management Group LLP now owns 7,978,410 shares of the bank’s stock worth $213,821,000 after acquiring an additional 5,465,824 shares during the period. Norges Bank bought a new position in Citizens Financial Group during the fourth quarter worth about $192,928,000. Finally, AQR Capital Management LLC increased its position in Citizens Financial Group by 1,213.2% during the third quarter. AQR Capital Management LLC now owns 3,746,064 shares of the bank’s stock worth $100,395,000 after acquiring an additional 3,460,792 shares during the period. 92.67% of the stock is owned by institutional investors.
Citizens Financial Group Stock Down 1.6 %
NYSE:CFG opened at $35.15 on Friday. The firm’s 50 day simple moving average is $32.52 and its 200 day simple moving average is $29.64. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.88. Citizens Financial Group, Inc. has a one year low of $22.77 and a one year high of $36.18. The company has a market cap of $16.11 billion, a PE ratio of 11.30 and a beta of 1.36.
Citizens Financial Group (NYSE:CFG – Get Free Report) last posted its earnings results on Wednesday, January 17th. The bank reported $0.34 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.26). Citizens Financial Group had a return on equity of 7.40% and a net margin of 13.19%. The business had revenue of $2 billion for the quarter, compared to analyst estimates of $2 billion. During the same quarter in the prior year, the business earned $1.25 earnings per share. The firm’s quarterly revenue was down 9.2% on a year-over-year basis. On average, research analysts anticipate that Citizens Financial Group, Inc. will post 3.3 earnings per share for the current year.
Citizens Financial Group Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 14th. Investors of record on Wednesday, January 31st were given a dividend of $0.42 per share. The ex-dividend date was Tuesday, January 30th. This represents a $1.68 annualized dividend and a yield of 4.78%. Citizens Financial Group’s dividend payout ratio is presently 54.02%.
Insider Buying and Selling
In other Citizens Financial Group news, insider Craig Jack Read sold 4,508 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $33.54, for a total transaction of $151,198.32. Following the completion of the transaction, the insider now owns 43,885 shares in the company, valued at approximately $1,471,902.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.53% of the stock is owned by corporate insiders.
Analyst Ratings Changes
A number of research firms recently commented on CFG. Wedbush lowered their price target on shares of Citizens Financial Group from $36.00 to $35.00 and set a “neutral” rating on the stock in a research report on Thursday, January 18th. Morgan Stanley increased their price objective on shares of Citizens Financial Group from $31.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 7th. UBS Group increased their price objective on shares of Citizens Financial Group from $37.00 to $38.00 and gave the stock a “buy” rating in a research note on Thursday, January 18th. Citigroup upgraded shares of Citizens Financial Group from a “neutral” rating to a “buy” rating and set a $36.00 price objective on the stock in a research note on Monday, February 5th. Finally, TheStreet upgraded shares of Citizens Financial Group from a “c+” rating to a “b-” rating in a research note on Tuesday, December 26th. One analyst has rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $35.00.
View Our Latest Stock Analysis on Citizens Financial Group
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.
See Also
Want to see what other hedge funds are holding CFG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Citizens Financial Group, Inc. (NYSE:CFG – Free Report).
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