Penserra Capital Management LLC Has $84,000 Stock Position in Citizens Financial Group Inc (NYSE:CFG)
Penserra Capital Management LLC lowered its position in Citizens Financial Group Inc (NYSE:CFG) by 33.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,402 shares of the bank’s stock after selling 1,210 shares during the period. Penserra Capital Management LLC’s holdings in Citizens Financial Group were worth $84,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wealthcare Advisory Partners LLC increased its holdings in shares of Citizens Financial Group by 23,866.7% in the second quarter. Wealthcare Advisory Partners LLC now owns 719 shares of the bank’s stock worth $25,000 after acquiring an additional 716 shares in the last quarter. Atwater Malick LLC acquired a new stake in shares of Citizens Financial Group during the third quarter worth about $30,000. Assetmark Inc. lifted its holdings in shares of Citizens Financial Group by 243.6% during the 2nd quarter. Assetmark Inc. now owns 962 shares of the bank’s stock valued at $34,000 after purchasing an additional 682 shares in the last quarter. Rational Advisors LLC lifted its holdings in shares of Citizens Financial Group by 444.8% during the 3rd quarter. Rational Advisors LLC now owns 1,106 shares of the bank’s stock valued at $39,000 after purchasing an additional 903 shares in the last quarter. Finally, Oakworth Capital Inc. grew its position in shares of Citizens Financial Group by 739.0% in the 2nd quarter. Oakworth Capital Inc. now owns 1,183 shares of the bank’s stock valued at $41,000 after purchasing an additional 1,042 shares during the period. Institutional investors and hedge funds own 95.72% of the company’s stock.
A number of analysts recently issued reports on CFG shares. ValuEngine raised Citizens Financial Group from a “sell” rating to a “hold” rating in a research note on Tuesday. Morgan Stanley cut their price target on shares of Citizens Financial Group from $43.00 to $42.00 and set an “overweight” rating on the stock in a research note on Thursday, October 3rd. Citigroup cut shares of Citizens Financial Group from a “neutral” rating to a “sell” rating and reduced their price target for the company from $39.00 to $32.00 in a report on Tuesday, October 8th. JPMorgan Chase & Co. lowered their price objective on shares of Citizens Financial Group from $42.00 to $39.50 and set an “overweight” rating for the company in a research report on Thursday, October 10th. Finally, Zacks Investment Research raised shares of Citizens Financial Group from a “strong sell” rating to a “hold” rating and set a $30.00 price objective for the company in a research report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $38.65.
Citizens Financial Group (NYSE:CFG) last announced its earnings results on Friday, October 18th. The bank reported $0.98 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.02. The business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.62 billion. Citizens Financial Group had a return on equity of 8.85% and a net margin of 22.29%. Citizens Financial Group’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.93 EPS. Equities analysts expect that Citizens Financial Group Inc will post 3.81 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Wednesday, October 30th were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date of this dividend was Tuesday, October 29th. Citizens Financial Group’s dividend payout ratio (DPR) is currently 40.45%.
Citizens Financial Group Company Profile
Citizens Financial Group, Inc operates as the bank holding company for Citizens Bank, National Association and Citizens Bank of Pennsylvania that provides retail and commercial banking products and services in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.
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