Chevy Chase Trust Holdings Inc. Has $10,811,000 Position in Citizens Financial Group Inc. (CFG)
Chevy Chase Trust Holdings Inc. lowered its position in Citizens Financial Group Inc. (NYSE:CFG) by 4.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 437,541 shares of the company’s stock after selling 19,674 shares during the period. Chevy Chase Trust Holdings Inc. owned 0.08% of Citizens Financial Group worth $10,811,000 as of its most recent filing with the SEC.
Several other institutional investors also recently bought and sold shares of the company. Capital Analysts LLC boosted its position in Citizens Financial Group by 2,002.7% in the second quarter. Capital Analysts LLC now owns 1,535 shares of the company’s stock worth $111,000 after buying an additional 1,462 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in Citizens Financial Group by 927.3% in the second quarter. Tower Research Capital LLC TRC now owns 5,239 shares of the company’s stock worth $105,000 after buying an additional 4,729 shares during the last quarter. Point72 Asset Management L.P. bought a new position in Citizens Financial Group during the second quarter worth $110,000. Acrospire Investment Management LLC boosted its position in Citizens Financial Group by 90.1% in the second quarter. Acrospire Investment Management LLC now owns 6,465 shares of the company’s stock worth $129,000 after buying an additional 3,065 shares during the last quarter. Finally, Point72 Asia Hong Kong Ltd bought a new position in Citizens Financial Group during the second quarter worth $142,000. 96.20% of the stock is owned by hedge funds and other institutional investors.
Shares of Citizens Financial Group Inc. (NYSE:CFG) traded up 0.19% during midday trading on Friday, reaching $32.46. 1,506,994 shares of the company traded hands. The firm has a market capitalization of $16.82 billion, a P/E ratio of 17.64 and a beta of 1.10. Citizens Financial Group Inc. has a 12 month low of $18.04 and a 12 month high of $32.63. The company has a 50 day moving average of $27.67 and a 200 day moving average of $23.98.
Citizens Financial Group (NYSE:CFG) last released its earnings results on Friday, October 21st. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. Citizens Financial Group had a net margin of 17.53% and a return on equity of 4.88%. The firm earned $1.38 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the previous year, the firm earned $0.40 earnings per share. Citizens Financial Group’s revenue was up 14.1% compared to the same quarter last year. On average, equities research analysts predict that Citizens Financial Group Inc. will post $1.93 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 16th. Shareholders of record on Wednesday, November 2nd were paid a dividend of $0.12 per share. The ex-dividend date was Monday, October 31st. This represents a $0.48 annualized dividend and a yield of 1.48%. Citizens Financial Group’s dividend payout ratio is currently 25.95%.
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A number of research firms recently weighed in on CFG. Oppenheimer Holdings Inc. set a $25.00 price objective on shares of Citizens Financial Group and gave the stock a “buy” rating in a research report on Friday, October 21st. Zacks Investment Research cut shares of Citizens Financial Group from a “buy” rating to a “hold” rating in a research report on Friday, November 11th. Wedbush increased their price objective on shares of Citizens Financial Group from $29.00 to $30.00 and gave the stock an “outperform” rating in a research report on Monday, October 24th. Citigroup Inc. increased their target price on shares of Citizens Financial Group from $23.00 to $26.00 in a report on Thursday, September 8th. Finally, Sandler O’Neill lowered shares of Citizens Financial Group from a “buy” rating to a “hold” rating and set a $31.00 target price on the stock. in a report on Monday, November 14th. Ten research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $29.21.
About Citizens Financial Group
Citizens Financial Group, Inc is a retail bank holding company in the United States. The Company offers a range of retail and commercial banking products and services to individuals, institutions and companies. The Company operates in two segments: Consumer Banking and Commercial Banking. The Company’s Consumer Banking serves retail customers and small businesses.
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