Xponance Inc. Has $2.02 Million Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

Xponance Inc. cut its position in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 8.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 60,806 shares of the bank’s stock after selling 5,590 shares during the period. Xponance Inc.’s holdings in Citizens Financial Group were worth $2,015,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Wellington Management Group LLP grew its position in Citizens Financial Group by 217.5% in the third quarter. Wellington Management Group LLP now owns 7,978,410 shares of the bank’s stock valued at $213,821,000 after acquiring an additional 5,465,824 shares during the period. AQR Capital Management LLC lifted its stake in shares of Citizens Financial Group by 1,213.2% during the third quarter. AQR Capital Management LLC now owns 3,746,064 shares of the bank’s stock valued at $100,395,000 after acquiring an additional 3,460,792 shares during the period. Barclays PLC lifted its stake in shares of Citizens Financial Group by 95.5% during the third quarter. Barclays PLC now owns 2,484,439 shares of the bank’s stock valued at $66,584,000 after acquiring an additional 1,213,573 shares during the period. SeaTown Holdings Pte. Ltd. lifted its stake in Citizens Financial Group by 3,222.9% in the third quarter. SeaTown Holdings Pte. Ltd. now owns 1,163,000 shares of the bank’s stock valued at $31,168,000 after buying an additional 1,128,000 shares during the period. Finally, Jupiter Asset Management Ltd. lifted its stake in Citizens Financial Group by 693.6% in the third quarter. Jupiter Asset Management Ltd. now owns 1,171,070 shares of the bank’s stock valued at $31,385,000 after buying an additional 1,023,504 shares during the period. 94.90% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Citizens Financial Group news, insider Craig Jack Read sold 4,508 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $33.54, for a total transaction of $151,198.32. Following the completion of the sale, the insider now owns 43,885 shares of the company’s stock, valued at approximately $1,471,902.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.62% of the stock is currently owned by corporate insiders.

Citizens Financial Group Trading Up 1.6 %

Shares of CFG opened at $34.55 on Tuesday. Citizens Financial Group, Inc. has a 52-week low of $22.77 and a 52-week high of $36.38. The business’s fifty day moving average is $33.37 and its 200-day moving average is $30.77. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.87 and a current ratio of 0.87. The firm has a market cap of $15.84 billion, a price-to-earnings ratio of 12.52 and a beta of 1.38.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings results on Wednesday, April 17th. The bank reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.10). The business had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.96 billion. Citizens Financial Group had a net margin of 11.52% and a return on equity of 6.62%. The company’s revenue for the quarter was down 7.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.00 EPS. Equities analysts anticipate that Citizens Financial Group, Inc. will post 3.24 EPS for the current fiscal year.

Citizens Financial Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $1.68 dividend on an annualized basis and a yield of 4.86%. Citizens Financial Group’s dividend payout ratio is currently 60.87%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CFG. Citigroup increased their target price on Citizens Financial Group from $39.00 to $43.00 and gave the company a “buy” rating in a research note on Friday. TheStreet upgraded Citizens Financial Group from a “c+” rating to a “b-” rating in a research note on Tuesday, December 26th. Jefferies Financial Group raised their price objective on Citizens Financial Group from $35.00 to $36.00 and gave the company a “hold” rating in a research report on Monday, April 8th. StockNews.com raised Citizens Financial Group from a “sell” rating to a “hold” rating in a research report on Friday. Finally, Barclays cut Citizens Financial Group from an “overweight” rating to an “equal weight” rating and lifted their price target for the stock from $38.00 to $40.00 in a report on Tuesday, January 2nd. Eleven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Citizens Financial Group presently has a consensus rating of “Hold” and an average price target of $35.93.

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.