TD Private Client Wealth LLC Cuts Stock Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

TD Private Client Wealth LLC trimmed its position in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 79.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 2,577 shares of the bank’s stock after selling 9,711 shares during the period. TD Private Client Wealth LLC’s holdings in Citizens Financial Group were worth $106,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Versor Investments LP purchased a new stake in Citizens Financial Group in the 3rd quarter worth $1,910,000. Quantbot Technologies LP purchased a new stake in Citizens Financial Group in the 2nd quarter worth $5,009,000. Pathstone Holdings LLC increased its holdings in Citizens Financial Group by 7.7% in the 3rd quarter. Pathstone Holdings LLC now owns 154,546 shares of the bank’s stock worth $6,347,000 after acquiring an additional 11,044 shares in the last quarter. Andra AP fonden increased its holdings in Citizens Financial Group by 49.1% in the 2nd quarter. Andra AP fonden now owns 308,300 shares of the bank’s stock worth $11,108,000 after acquiring an additional 101,500 shares in the last quarter. Finally, Pallas Capital Advisors LLC increased its holdings in Citizens Financial Group by 138.9% in the 3rd quarter. Pallas Capital Advisors LLC now owns 25,620 shares of the bank’s stock worth $1,069,000 after acquiring an additional 14,896 shares in the last quarter. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Trading Up 0.4 %

Shares of CFG stock opened at $45.70 on Monday. The company’s 50-day moving average price is $44.71 and its 200-day moving average price is $41.02. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.61. The stock has a market cap of $20.14 billion, a price-to-earnings ratio of 17.99, a PEG ratio of 1.76 and a beta of 1.08. Citizens Financial Group, Inc. has a twelve month low of $30.24 and a twelve month high of $49.25.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings results on Wednesday, October 16th. The bank reported $0.79 earnings per share for the quarter, meeting the consensus estimate of $0.79. The firm had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.94 billion. Citizens Financial Group had a net margin of 10.37% and a return on equity of 5.73%. The company’s revenue was down 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.85 EPS. As a group, equities analysts predict that Citizens Financial Group, Inc. will post 3.2 earnings per share for the current year.

Citizens Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Wednesday, October 30th were given a $0.42 dividend. The ex-dividend date was Wednesday, October 30th. This represents a $1.68 dividend on an annualized basis and a yield of 3.68%. Citizens Financial Group’s payout ratio is currently 66.14%.

Analyst Upgrades and Downgrades

CFG has been the subject of several recent analyst reports. StockNews.com raised shares of Citizens Financial Group from a “sell” rating to a “hold” rating in a report on Thursday, October 17th. Barclays boosted their price target on shares of Citizens Financial Group from $40.00 to $47.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. The Goldman Sachs Group lifted their target price on shares of Citizens Financial Group from $48.00 to $59.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Royal Bank of Canada lifted their target price on shares of Citizens Financial Group from $43.00 to $45.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. Finally, Evercore ISI lowered their target price on shares of Citizens Financial Group from $47.00 to $46.00 and set an “in-line” rating on the stock in a research note on Wednesday, October 2nd. Nine equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $46.94.

Citizens Financial Group 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.