Todd Asset Management LLC Decreases Stake in Citizens Financial Group, Inc. (CFG)

Todd Asset Management LLC cut its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 1.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,785,710 shares of the bank’s stock after selling 33,313 shares during the period. Citizens Financial Group makes up 1.9% of Todd Asset Management LLC’s holdings, making the stock its 2nd biggest holding. Todd Asset Management LLC owned 0.36% of Citizens Financial Group worth $67,625,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of CFG. NN Investment Partners Holdings N.V. boosted its holdings in Citizens Financial Group by 190.6% during the second quarter. NN Investment Partners Holdings N.V. now owns 126,531 shares of the bank’s stock worth $4,514,000 after purchasing an additional 82,988 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in Citizens Financial Group by 50.5% during the second quarter. State of Alaska Department of Revenue now owns 28,864 shares of the bank’s stock worth $1,029,000 after purchasing an additional 9,690 shares during the last quarter. National Pension Service boosted its holdings in Citizens Financial Group by 10.3% during the second quarter. National Pension Service now owns 475,777 shares of the bank’s stock worth $16,961,000 after purchasing an additional 44,571 shares during the last quarter. Mn Services Vermogensbeheer B.V. boosted its holdings in Citizens Financial Group by 509.4% during the second quarter. Mn Services Vermogensbeheer B.V. now owns 82,634 shares of the bank’s stock worth $2,948,000 after purchasing an additional 69,075 shares during the last quarter. Finally, Eqis Capital Management Inc. purchased a new position in Citizens Financial Group during the second quarter worth about $281,000. 98.15% of the stock is owned by institutional investors.

Citizens Financial Group, Inc. (NYSE CFG) traded down $0.13 during midday trading on Monday, hitting $36.68. 3,615,000 shares of the stock traded hands, compared to its average volume of 4,511,984. Citizens Financial Group, Inc. has a one year low of $29.05 and a one year high of $39.75. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $18,046.24, a price-to-earnings ratio of 14.85, a P/E/G ratio of 0.94 and a beta of 1.35.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings results on Friday, October 20th. The bank reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.04. Citizens Financial Group had a net margin of 20.26% and a return on equity of 6.44%. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the previous year, the firm posted $0.52 earnings per share. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. equities research analysts expect that Citizens Financial Group, Inc. will post 2.59 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date is Tuesday, October 31st. Citizens Financial Group’s dividend payout ratio (DPR) is presently 29.15%.

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Several research analysts recently weighed in on the stock. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Citizens Financial Group in a report on Monday, October 23rd. Zacks Investment Research upgraded shares of Citizens Financial Group from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a report on Wednesday, October 25th. Barclays PLC boosted their price target on shares of Citizens Financial Group from $39.00 to $41.00 and gave the stock an “equal weight” rating in a report on Monday, October 23rd. Bank of America Corporation reiterated an “underperform” rating and issued a $40.00 target price (down from $41.00) on shares of Citizens Financial Group in a research note on Monday, October 2nd. Finally, Citigroup Inc. reiterated a “neutral” rating and issued a $42.00 target price (up from $38.00) on shares of Citizens Financial Group in a research note on Monday, October 9th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $38.60.

Citizens Financial Group Company Profile

Citizens Financial Group, Inc is a retail bank holding company. The Company operates through two segments: Consumer Banking and Commercial Banking. Its Consumer Banking serves retail customers and small businesses. Consumer Banking products and services include deposit products, mortgage and home equity lending, auto financing, student loans, personal unsecured lines and loans, credit cards, business loans, wealth management and investment services.

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Institutional Ownership by Quarter for Citizens Financial Group (NYSE:CFG)

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