Commerzbank Aktiengesellschaft FI Trims Stake in Citizens Financial Group, Inc. $CFG

Commerzbank Aktiengesellschaft FI cut its holdings in Citizens Financial Group, Inc. (NYSE:CFG) by 35.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,096 shares of the bank’s stock after selling 11,968 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Citizens Financial Group were worth $1,325,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Parallel Advisors LLC grew its position in shares of Citizens Financial Group by 2.9% during the 4th quarter. Parallel Advisors LLC now owns 6,078 shares of the bank’s stock valued at $355,000 after acquiring an additional 172 shares during the period. AA Financial Advisors LLC increased its stake in shares of Citizens Financial Group by 3.9% in the 4th quarter. AA Financial Advisors LLC now owns 4,657 shares of the bank’s stock worth $272,000 after purchasing an additional 174 shares in the last quarter. Inscription Capital LLC raised its holdings in Citizens Financial Group by 1.6% in the 4th quarter. Inscription Capital LLC now owns 10,902 shares of the bank’s stock worth $637,000 after purchasing an additional 175 shares during the period. Clear Harbor Asset Management LLC raised its holdings in Citizens Financial Group by 0.9% in the 4th quarter. Clear Harbor Asset Management LLC now owns 19,694 shares of the bank’s stock worth $1,150,000 after purchasing an additional 175 shares during the period. Finally, MGO One Seven LLC lifted its position in Citizens Financial Group by 3.7% during the fourth quarter. MGO One Seven LLC now owns 5,270 shares of the bank’s stock valued at $308,000 after purchasing an additional 187 shares in the last quarter. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Trading Up 0.6%

Shares of Citizens Financial Group stock opened at $71.93 on Wednesday. Citizens Financial Group, Inc. has a fifty-two week low of $45.90 and a fifty-two week high of $74.70. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.85 and a current ratio of 0.86. The company has a market capitalization of $30.42 billion, a P/E ratio of 15.60, a P/E/G ratio of 0.55 and a beta of 0.67. The company has a fifty day moving average of $66.81 and a 200 day moving average of $63.81.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings results on Thursday, July 16th. The bank reported $1.30 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.05. Citizens Financial Group had a return on equity of 8.85% and a net margin of 17.18%.The business had revenue of $2.28 billion for the quarter, compared to analysts’ expectations of $2.25 billion. During the same period last year, the firm earned $0.92 earnings per share. The business’s quarterly revenue was up 12.1% on a year-over-year basis. On average, sell-side analysts anticipate that Citizens Financial Group, Inc. will post 5.27 earnings per share for the current fiscal year.

Citizens Financial Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 13th. Investors of record on Thursday, July 30th will be given a dividend of $0.46 per share. The ex-dividend date is Thursday, July 30th. This represents a $1.84 annualized dividend and a dividend yield of 2.6%. Citizens Financial Group’s dividend payout ratio (DPR) is currently 39.91%.

Insider Activity

In related news, insider Michelle Moosally sold 6,050 shares of Citizens Financial Group stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $62.16, for a total transaction of $376,068.00. Following the sale, the insider owned 22,565 shares of the company’s stock, valued at approximately $1,402,640.40. This trade represents a 21.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.67% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Cantor Fitzgerald boosted their price target on Citizens Financial Group from $75.00 to $80.00 and gave the company an “overweight” rating in a report on Wednesday, July 15th. JPMorgan Chase & Co. raised their price objective on Citizens Financial Group from $68.50 to $76.00 and gave the stock an “overweight” rating in a research note on Monday, July 6th. Jefferies Financial Group lifted their price objective on Citizens Financial Group from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, July 16th. Citigroup boosted their price objective on Citizens Financial Group from $78.00 to $84.00 and gave the company a “buy” rating in a research note on Monday. Finally, Royal Bank Of Canada increased their target price on shares of Citizens Financial Group from $70.00 to $79.00 and gave the stock an “outperform” rating in a report on Friday, July 17th. Seventeen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $78.55.

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.