GTS Securities LLC Sells 170,871 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

GTS Securities LLC lowered its stake in Citizens Financial Group, Inc. (NYSE:CFG - Free Report) by 88.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 22,919 shares of the bank's stock after selling 170,871 shares during the period. GTS Securities LLC's holdings in Citizens Financial Group were worth $1,003,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of CFG. Norges Bank bought a new position in shares of Citizens Financial Group in the fourth quarter worth $243,431,000. Wellington Management Group LLP grew its position in Citizens Financial Group by 27.8% in the fourth quarter. Wellington Management Group LLP now owns 10,570,083 shares of the bank's stock valued at $462,547,000 after acquiring an additional 2,298,040 shares during the last quarter. Fuller & Thaler Asset Management Inc. grew its position in Citizens Financial Group by 20.9% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 9,683,111 shares of the bank's stock valued at $423,733,000 after acquiring an additional 1,672,204 shares during the last quarter. AQR Capital Management LLC grew its position in Citizens Financial Group by 32.2% in the fourth quarter. AQR Capital Management LLC now owns 6,186,364 shares of the bank's stock valued at $270,715,000 after acquiring an additional 1,507,536 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in Citizens Financial Group in the fourth quarter valued at about $56,483,000. Institutional investors own 94.90% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on CFG. Cowen initiated coverage on Citizens Financial Group in a research report on Wednesday, May 14th. They issued a "buy" rating on the stock. Citigroup reduced their price target on Citizens Financial Group from $58.00 to $51.00 and set a "buy" rating on the stock in a report on Monday, March 24th. Morgan Stanley reduced their price target on Citizens Financial Group from $54.00 to $43.00 and set an "equal weight" rating on the stock in a 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. UBS Group boosted their price target on Citizens Financial Group from $50.00 to $53.00 and gave the stock a "buy" rating in a report on Friday. Finally, Stephens reduced their price target on Citizens Financial Group from $53.00 to $48.00 and set an "outperform" rating on the stock in a report on Monday, April 7th. Seven analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $47.89.

Citizens Financial Group Price Performance

CFG traded down $0.29 on Friday, reaching $39.97. The company had a trading volume of 1,465,237 shares, compared to its average volume of 4,809,533. The business has a 50 day simple moving average of $38.35 and a 200 day simple moving average of $42.90. The company has a market cap of $17.47 billion, a price-to-earnings ratio of 13.20, a P/E/G ratio of 0.81 and a beta of 0.74. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.85 and a current ratio of 0.85. Citizens Financial Group, Inc. has a 52-week low of $32.60 and a 52-week high of $49.25.

Citizens Financial Group (NYSE:CFG - Get Free Report) last announced its quarterly earnings data on Wednesday, April 16th. The bank reported $0.77 earnings per share for the quarter, beating analysts' consensus estimates of $0.75 by $0.02. The company had revenue of $1.94 billion for the quarter, compared to analysts' expectations of $1.94 billion. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. As a group, sell-side analysts anticipate 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. Investors of record on Wednesday, April 30th were given a dividend of $0.42 per share. The ex-dividend date was Wednesday, April 30th. This represents a $1.68 annualized dividend and a yield of 4.20%. Citizens Financial Group's payout ratio is 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.