Olstein Capital Management L.P. Sells 8,700 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Olstein Capital Management L.P. decreased its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 4.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 185,300 shares of the bank's stock after selling 8,700 shares during the period. Citizens Financial Group accounts for approximately 1.4% of Olstein Capital Management L.P.'s holdings, making the stock its 27th biggest holding. Olstein Capital Management L.P.'s holdings in Citizens Financial Group were worth $7,592,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Citizens Financial Group by 35.8% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 41,112 shares of the bank's stock valued at $1,793,000 after buying an additional 10,833 shares during the period. Choreo LLC boosted its holdings in Citizens Financial Group by 3.4% in the fourth quarter. Choreo LLC now owns 13,704 shares of the bank's stock valued at $597,000 after acquiring an additional 454 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in Citizens Financial Group by 0.4% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,015,624 shares of the bank's stock worth $44,444,000 after purchasing an additional 3,833 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Citizens Financial Group by 2.2% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 46,019 shares of the bank's stock worth $2,014,000 after purchasing an additional 998 shares during the last quarter. Finally, Vest Financial LLC raised its holdings in Citizens Financial Group by 56.5% during the 4th quarter. Vest Financial LLC now owns 56,508 shares of the bank's stock worth $2,473,000 after purchasing an additional 20,408 shares during the last quarter. Institutional investors own 94.90% of the company's stock.

Citizens Financial Group Stock Down 0.1%

Shares of Citizens Financial Group stock traded down $0.05 on Monday, hitting $41.32. The company had a trading volume of 4,421,964 shares, compared to its average volume of 4,842,964. The stock has a 50-day moving average of $38.27 and a 200-day moving average of $42.60. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.85. Citizens Financial Group, Inc. has a twelve month low of $32.60 and a twelve month high of $49.25. The firm has a market capitalization of $18.06 billion, a P/E ratio of 13.64, a P/E/G ratio of 0.81 and a beta of 0.75.

Citizens Financial Group (NYSE:CFG - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The bank reported $0.77 EPS for the quarter, beating the consensus estimate of $0.75 by $0.02. The business had revenue of $1.94 billion for the quarter, compared to analysts' expectations of $1.94 billion. Citizens Financial Group had a net margin of 12.21% and a return on equity of 6.75%. Research analysts predict that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current year.

Citizens Financial Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 14th. Stockholders of record on Wednesday, April 30th were issued a $0.42 dividend. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.07%. Citizens Financial Group's dividend payout ratio (DPR) is 53.33%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Citigroup reduced their target price on shares of Citizens Financial Group from $58.00 to $51.00 and set a "buy" rating on the stock in a research note on Monday, March 24th. UBS Group raised their price objective on shares of Citizens Financial Group from $50.00 to $53.00 and gave the company a "buy" rating in a research note on Friday, May 30th. Jefferies Financial Group started coverage on shares of Citizens Financial Group in a research report on Wednesday, May 21st. They set a "buy" rating and a $50.00 target price for the company. Barclays cut their price target on Citizens Financial Group from $52.00 to $49.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 17th. Finally, Cowen assumed coverage on Citizens Financial Group in a research note on Wednesday, May 14th. They set a "buy" rating for the company. Seven research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $47.89.

Citizens Financial Group 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.