CoreCap Advisors LLC Decreases Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

CoreCap Advisors LLC trimmed its holdings in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 94.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 927 shares of the bank's stock after selling 14,739 shares during the period. CoreCap Advisors LLC's holdings in Citizens Financial Group were worth $41,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the business. My Legacy Advisors LLC lifted its holdings in Citizens Financial Group by 1.0% during the 4th quarter. My Legacy Advisors LLC now owns 22,810 shares of the bank's stock worth $1,074,000 after buying an additional 229 shares during the last quarter. Brooklyn Investment Group lifted its holdings in Citizens Financial Group by 3.3% during the 4th quarter. Brooklyn Investment Group now owns 7,304 shares of the bank's stock worth $320,000 after buying an additional 233 shares during the last quarter. 1620 Investment Advisors Inc. lifted its holdings in shares of Citizens Financial Group by 3.2% in the 4th quarter. 1620 Investment Advisors Inc. now owns 7,713 shares of the bank's stock valued at $338,000 after purchasing an additional 238 shares during the last quarter. SeaCrest Wealth Management LLC boosted its position in shares of Citizens Financial Group by 0.9% in the 4th quarter. SeaCrest Wealth Management LLC now owns 28,726 shares of the bank's stock valued at $1,257,000 after purchasing an additional 246 shares during the period. Finally, Ballentine Partners LLC boosted its position in shares of Citizens Financial Group by 3.3% in the 4th quarter. Ballentine Partners LLC now owns 7,777 shares of the bank's stock valued at $340,000 after purchasing an additional 247 shares during the period. 94.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on CFG shares. Keefe, Bruyette & Woods decreased their target price on Citizens Financial Group from $49.00 to $45.00 and set a "market perform" rating for the company in a research report on Thursday, April 17th. JPMorgan Chase & Co. decreased their target price on Citizens Financial Group from $49.00 to $43.00 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. Morgan Stanley decreased their target price on Citizens Financial Group from $54.00 to $43.00 and set an "equal weight" rating for the company in a research report on Monday, April 7th. The firm moved its midcap bank industry view from Attractive to In-line, saying “higher and faster than expected” tariffs raise recession risks, will weigh on loan growth and in-turn, forward earnings and multiples. The group is “cheap,” but weaker for longer loan growth and inverted yield curve limit upside catalysts. Citigroup reduced their price objective on Citizens Financial Group from $58.00 to $51.00 and set a "buy" rating for the company in a research note on Monday, March 24th. Finally, Royal Bank of Canada reduced their price objective on Citizens Financial Group from $50.00 to $44.00 and set an "outperform" rating for the company in a research note on Thursday, April 17th. Eight equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $46.18.

Citizens Financial Group Stock Performance

Shares of NYSE CFG opened at $41.60 on Thursday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.56. The stock has a 50 day simple moving average of $38.41 and a 200-day simple moving average of $43.15. The company has a market cap of $18.18 billion, a PE ratio of 13.73, a P/E/G ratio of 0.81 and a beta of 0.74. Citizens Financial Group, Inc. has a 12-month low of $32.60 and a 12-month high of $49.25.

Citizens Financial Group (NYSE:CFG - Get Free Report) last issued its quarterly earnings results on Wednesday, April 16th. The bank reported $0.77 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.75 by $0.02. The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.94 billion. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. On average, equities research analysts forecast that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 14th. Shareholders of record on Wednesday, April 30th were issued a $0.42 dividend. The ex-dividend date was Wednesday, April 30th. This represents a $1.68 annualized dividend and a dividend yield of 4.04%. Citizens Financial Group's dividend payout ratio is currently 53.33%.

Citizens Financial Group Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.