Legacy Capital Group California Inc. Sells 833 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Legacy Capital Group California Inc. decreased its holdings in Citizens Financial Group, Inc. (NYSE:CFG) by 1.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 47,071 shares of the bank’s stock after selling 833 shares during the period. Citizens Financial Group makes up about 0.6% of Legacy Capital Group California Inc.’s portfolio, making the stock its 29th biggest position. Legacy Capital Group California Inc.’s holdings in Citizens Financial Group were worth $1,933,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of CFG. Innealta Capital LLC bought a new stake in shares of Citizens Financial Group during the 2nd quarter valued at approximately $25,000. Versant Capital Management Inc raised its stake in shares of Citizens Financial Group by 262.8% during the second quarter. Versant Capital Management Inc now owns 936 shares of the bank’s stock valued at $34,000 after acquiring an additional 678 shares during the last quarter. Private Ocean LLC grew its stake in shares of Citizens Financial Group by 484.4% in the second quarter. Private Ocean LLC now owns 1,011 shares of the bank’s stock worth $36,000 after purchasing an additional 838 shares during the last quarter. Ridgewood Investments LLC bought a new position in Citizens Financial Group during the 2nd quarter worth $48,000. Finally, Atlas Capital Advisors LLC bought a new stake in shares of Citizens Financial Group in the 2nd quarter valued at about $48,000. 94.90% of the stock is currently owned by institutional investors.

Citizens Financial Group Stock Performance

NYSE CFG opened at $41.75 on Friday. The company’s 50 day simple moving average is $41.43 and its two-hundred day simple moving average is $38.22. The stock has a market capitalization of $19.00 billion, a PE ratio of 15.13, a P/E/G ratio of 1.42 and a beta of 1.07. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.87 and a quick ratio of 0.86. Citizens Financial Group, Inc. has a 1 year low of $22.77 and a 1 year high of $44.39.

Citizens Financial Group (NYSE:CFG) last announced its earnings results on Wednesday, October 16th. The bank reported $0.79 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.79. Citizens Financial Group had a return on equity of 6.21% and a net margin of 10.74%. The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same period in the prior year, the company earned $0.85 EPS. The company’s quarterly revenue was down 5.6% compared to the same quarter last year. Analysts predict that Citizens Financial Group, Inc. will post 3.22 earnings per share for the current fiscal year.

Citizens Financial Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 13th. Shareholders of record on Wednesday, October 30th will be given a dividend of $0.42 per share. The ex-dividend date is Wednesday, October 30th. This represents a $1.68 dividend on an annualized basis and a yield of 4.02%. Citizens Financial Group’s payout ratio is 60.87%.

Analyst Ratings Changes

CFG has been the topic of several research analyst reports. StockNews.com raised shares of Citizens Financial Group from a “sell” rating to a “hold” rating in a research note on Thursday, October 17th. Barclays increased their target price on Citizens Financial Group from $40.00 to $47.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. Evercore ISI decreased their price target on shares of Citizens Financial Group from $47.00 to $46.00 and set an “in-line” rating for the company in a research note on Wednesday, October 2nd. DA Davidson raised their price objective on shares of Citizens Financial Group from $46.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. Finally, Royal Bank of Canada lifted their price target on Citizens Financial Group from $43.00 to $45.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. Nine equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $43.80.

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.