Allianz Asset Management GmbH Sells 34,429 Shares of Citizens Financial Group, Inc. $CFG

Allianz Asset Management GmbH lessened its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 6.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 538,330 shares of the bank’s stock after selling 34,429 shares during the quarter. Allianz Asset Management GmbH’s holdings in Citizens Financial Group were worth $28,618,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. GoalVest Advisory LLC boosted its holdings in shares of Citizens Financial Group by 16,900.0% during the 2nd quarter. GoalVest Advisory LLC now owns 680 shares of the bank’s stock valued at $30,000 after acquiring an additional 676 shares in the last quarter. True Wealth Design LLC boosted its stake in shares of Citizens Financial Group by 891.5% during the third quarter. True Wealth Design LLC now owns 585 shares of the bank’s stock valued at $31,000 after purchasing an additional 526 shares in the last quarter. REAP Financial Group LLC boosted 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. Capital A Wealth Management LLC grew its holdings in shares of Citizens Financial Group by 3,970.0% during the second quarter. Capital A Wealth Management LLC now owns 814 shares of the bank’s stock worth $36,000 after purchasing an additional 794 shares during the last quarter. Finally, State of Wyoming acquired a new position in shares of Citizens Financial Group in the second quarter valued at approximately $39,000. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Citizens Financial Group Stock Performance

Shares of Citizens Financial Group stock opened at $66.58 on Friday. The business has a 50-day moving average price of $60.02 and a two-hundred day moving average price of $54.09. Citizens Financial Group, Inc. has a 1-year low of $32.60 and a 1-year high of $67.50. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.44. The company has a market cap of $28.60 billion, a P/E ratio of 17.20, a PEG ratio of 0.54 and a beta of 0.72.

Citizens Financial Group (NYSE:CFG) last announced its earnings results on Wednesday, January 21st. The bank reported $1.13 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 company had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.16 billion. During the same quarter in the prior year, the company earned $0.85 EPS. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, analysts anticipate that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 18th. Stockholders of record on Wednesday, February 4th will be given a dividend of $0.46 per share. The ex-dividend date of this dividend is Wednesday, February 4th. This represents a $1.84 annualized dividend and a dividend yield of 2.8%. Citizens Financial Group’s dividend payout ratio (DPR) is 47.55%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. New Street Research set a $73.00 target price on shares of Citizens Financial Group in a report on Thursday, January 22nd. Argus boosted their price objective on shares of Citizens Financial Group from $60.00 to $72.00 and gave the stock a “buy” rating in a research note on Friday, January 23rd. The Goldman Sachs Group restated a “buy” rating and issued a $73.00 price objective on shares of Citizens Financial Group in a report on Tuesday, January 6th. Morgan Stanley lifted their target price on Citizens Financial Group from $71.00 to $73.00 and gave the stock an “overweight” rating in a report on Thursday, January 22nd. Finally, Bank of America upped their price target on Citizens Financial Group from $70.00 to $78.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Citizens Financial Group has an average rating of “Moderate Buy” and a consensus price target of $67.91.

Citizens Financial Group Company 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.