Citizens Financial Group, Inc. (CFG) Shares Sold by Hanseatic Management Services Inc.

Hanseatic Management Services Inc. lessened its stake in Citizens Financial Group, Inc. (NYSE:CFG) by 86.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,860 shares of the bank’s stock after selling 55,722 shares during the quarter. Hanseatic Management Services Inc.’s holdings in Citizens Financial Group were worth $336,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in CFG. Sun Life Financial INC raised its stake in Citizens Financial Group by 41,266.7% during the second quarter. Sun Life Financial INC now owns 3,723 shares of the bank’s stock valued at $133,000 after purchasing an additional 3,714 shares in the last quarter. Smithfield Trust Co. raised its stake in Citizens Financial Group by 1.4% during the second quarter. Smithfield Trust Co. now owns 4,994 shares of the bank’s stock valued at $178,000 after purchasing an additional 70 shares in the last quarter. Lipe & Dalton purchased a new stake in Citizens Financial Group during the third quarter valued at $207,000. Colony Group LLC purchased a new stake in Citizens Financial Group during the second quarter valued at $210,000. Finally, Courier Capital LLC purchased a new stake in Citizens Financial Group during the second quarter valued at $214,000. 98.15% of the stock is currently owned by hedge funds and other institutional investors.



Citizens Financial Group, Inc. (NYSE:CFG) traded up $0.07 during midday trading on Thursday, hitting $38.14. 4,190,900 shares of the stock were exchanged, compared to its average volume of 4,725,556. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $18,760.00, a PE ratio of 15.41, a PEG ratio of 0.97 and a beta of 1.35. Citizens Financial Group, Inc. has a 12-month low of $30.26 and a 12-month high of $39.75.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings results on Friday, October 20th. The bank reported $0.68 EPS for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.04. The firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Citizens Financial Group had a net margin of 20.26% and a return on equity of 6.44%. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.52 earnings per share. research analysts forecast that Citizens Financial Group, Inc. will post 2.59 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend was Tuesday, October 31st. Citizens Financial Group’s payout ratio is presently 29.15%.

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CFG has been the topic of a number of recent research reports. BidaskClub downgraded shares of Citizens Financial Group from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. BMO Capital Markets reaffirmed a “market perform” rating and set a $39.00 price target (up previously from $38.00) on shares of Citizens Financial Group in a research note on Tuesday, July 25th. Zacks Investment Research downgraded shares of Citizens Financial Group from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. TheStreet raised shares of Citizens Financial Group from a “c” rating to a “b-” rating in a research note on Monday, August 7th. Finally, Keefe, Bruyette & Woods set a $40.00 price target on shares of Citizens Financial Group and gave the company a “buy” rating in a research note on Friday, August 11th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $39.14.

About Citizens Financial Group

Citizens Financial Group, Inc is a retail bank holding company. The Company operates through two segments: Consumer Banking and Commercial Banking. Its Consumer Banking serves retail customers and small businesses. Consumer Banking products and services include deposit products, mortgage and home equity lending, auto financing, student loans, personal unsecured lines and loans, credit cards, business loans, wealth management and investment services.

Institutional Ownership by Quarter for Citizens Financial Group (NYSE:CFG)

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