AustralianSuper Pty Ltd Trims Holdings in Citizens Financial Group, Inc. $CFG

AustralianSuper Pty Ltd trimmed its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 91.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 227,763 shares of the bank’s stock after selling 2,556,257 shares during the quarter. AustralianSuper Pty Ltd owned approximately 0.05% of Citizens Financial Group worth $12,108,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Trust Co. of Vermont lifted its stake in Citizens Financial Group by 177.5% during the second quarter. Trust Co. of Vermont now owns 641 shares of the bank’s stock worth $29,000 after purchasing an additional 410 shares during the last quarter. GoalVest Advisory LLC raised its holdings in shares of Citizens Financial Group by 16,900.0% during the second quarter. GoalVest Advisory LLC now owns 680 shares of the bank’s stock valued at $30,000 after buying an additional 676 shares during the last quarter. True Wealth Design LLC raised its stake in Citizens Financial Group by 891.5% during the 3rd quarter. True Wealth Design LLC now owns 585 shares of the bank’s stock valued at $31,000 after acquiring an additional 526 shares in the last quarter. REAP Financial Group LLC raised its stake in shares of Citizens Financial Group by 72.4% during the second quarter. REAP Financial Group LLC now owns 736 shares of the bank’s stock valued at $33,000 after purchasing an additional 309 shares in the last quarter. Finally, Capital A Wealth Management LLC lifted its stake in shares of Citizens Financial Group by 3,970.0% in the 2nd quarter. Capital A Wealth Management LLC now owns 814 shares of the bank’s stock worth $36,000 after acquiring an additional 794 shares during the period. Institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Price Performance

Shares of Citizens Financial Group stock opened at $63.46 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.85 and a quick ratio of 0.84. The firm has a fifty day moving average price of $58.83 and a two-hundred day moving average price of $53.48. Citizens Financial Group, Inc. has a fifty-two week low of $32.60 and a fifty-two week high of $65.88. The company has a market cap of $27.26 billion, a PE ratio of 16.40, a price-to-earnings-growth ratio of 0.51 and a beta of 0.72.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings results on Wednesday, January 21st. The bank reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.02. Citizens Financial Group had a return on equity of 7.89% and a net margin of 15.19%.The firm had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.16 billion. During the same period in the previous year, the company posted $0.85 earnings per share. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. Analysts expect that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 18th. Stockholders of record on Wednesday, February 4th will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Wednesday, February 4th. Citizens Financial Group’s dividend payout ratio (DPR) is presently 47.55%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CFG. Stephens restated an “overweight” rating and issued a $60.00 price objective on shares of Citizens Financial Group in a report on Thursday, October 16th. New Street Research set a $73.00 price target on shares of Citizens Financial Group in a report on Thursday, January 22nd. The Goldman Sachs Group reissued a “buy” rating and set a $73.00 price target on shares of Citizens Financial Group in a research report on Tuesday, January 6th. Barclays set a $77.00 price target on shares of Citizens Financial Group and gave the stock an “overweight” rating in a report on Monday, January 5th. Finally, Robert W. Baird reissued a “neutral” rating and set a $60.00 price objective on shares of Citizens Financial Group in a research report on Thursday, December 11th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Citizens Financial Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $67.55.

Citizens Financial Group Profile

Citizens Financial Group, Inc (NYSE: CFG) is a bank holding company that provides a broad range of banking and financial services to individuals, small and middle-market businesses, corporations and institutional clients. Headquartered in Providence, Rhode Island, Citizens conducts its banking operations principally through its primary banking subsidiary, Citizens Bank, and serves customers through a combination of branch locations, ATMs and digital channels. The company is publicly traded and operates under the regulatory framework applicable to U.S.