M&T Bank Corp Sells 2,115 Shares of Citizens Financial Group Inc (CFG)

M&T Bank Corp lowered its position in shares of Citizens Financial Group Inc (NYSE:CFG) by 2.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 85,179 shares of the bank’s stock after selling 2,115 shares during the quarter. M&T Bank Corp’s holdings in Citizens Financial Group were worth $3,577,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Barings LLC boosted its position in Citizens Financial Group by 45.1% during the 3rd quarter. Barings LLC now owns 86,900 shares of the bank’s stock worth $3,291,000 after acquiring an additional 27,000 shares during the last quarter. Teachers Retirement System of The State of Kentucky boosted its holdings in shares of Citizens Financial Group by 0.7% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 1,347,000 shares of the bank’s stock valued at $51,011,000 after buying an additional 8,700 shares during the last quarter. Boston Advisors LLC boosted its holdings in shares of Citizens Financial Group by 10.4% in the 3rd quarter. Boston Advisors LLC now owns 660,245 shares of the bank’s stock valued at $25,003,000 after buying an additional 61,942 shares during the last quarter. Toronto Dominion Bank boosted its holdings in shares of Citizens Financial Group by 10.7% in the 3rd quarter. Toronto Dominion Bank now owns 192,364 shares of the bank’s stock valued at $7,284,000 after buying an additional 18,523 shares during the last quarter. Finally, Dean Investment Associates LLC acquired a new stake in shares of Citizens Financial Group in the 3rd quarter valued at approximately $614,000. 98.33% of the stock is owned by hedge funds and other institutional investors.

In other Citizens Financial Group news, Director Wendy A. Watson sold 4,000 shares of the firm’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $40.31, for a total transaction of $161,240.00. Following the completion of the sale, the director now owns 12,917 shares of the company’s stock, valued at approximately $520,684.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.21% of the company’s stock.

Several equities research analysts have recently commented on CFG shares. Zacks Investment Research raised Citizens Financial Group from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a report on Wednesday, October 25th. Royal Bank of Canada reissued a “hold” rating and issued a $45.00 price objective on shares of Citizens Financial Group in a report on Sunday, January 21st. TheStreet raised Citizens Financial Group from a “c” rating to an “a+” rating in a report on Monday, November 27th. Morgan Stanley increased their price objective on Citizens Financial Group from $43.00 to $49.00 and gave the company an “overweight” rating in a report on Wednesday, December 13th. Finally, Barclays increased their price objective on Citizens Financial Group from $39.00 to $41.00 and gave the company an “equal weight” rating in a report on Monday, October 23rd. Three analysts have rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company’s stock. Citizens Financial Group presently has an average rating of “Hold” and a consensus price target of $42.36.

Shares of Citizens Financial Group Inc (CFG) opened at $45.85 on Thursday. Citizens Financial Group Inc has a twelve month low of $31.51 and a twelve month high of $48.23. The stock has a market capitalization of $21,839.50, a price-to-earnings ratio of 14.02, a price-to-earnings-growth ratio of 0.74 and a beta of 1.39. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.59.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings results on Friday, January 19th. The bank reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.04. Citizens Financial Group had a return on equity of 6.73% and a net margin of 25.60%. The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter last year, the firm posted $0.55 EPS. The company’s quarterly revenue was up 8.9% on a year-over-year basis. equities research analysts expect that Citizens Financial Group Inc will post 3.36 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st will be issued a dividend of $0.22 per share. This is an increase from Citizens Financial Group’s previous quarterly dividend of $0.18. The ex-dividend date is Wednesday, January 31st. This represents a $0.88 annualized dividend and a yield of 1.92%. Citizens Financial Group’s dividend payout ratio (DPR) is currently 26.91%.

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Citizens Financial Group Profile

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.

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

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