Compass Wealth Management LLC Sells 500 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Compass Wealth Management LLC cut its position in Citizens Financial Group, Inc. (NYSE:CFG) by 3.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,350 shares of the bank’s stock after selling 500 shares during the quarter. Compass Wealth Management LLC’s holdings in Citizens Financial Group were worth $584,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CFG. Wellington Management Group LLP lifted its holdings in Citizens Financial Group by 207.2% during the 3rd quarter. Wellington Management Group LLP now owns 8,272,043 shares of the bank’s stock worth $339,733,000 after buying an additional 5,579,313 shares during the period. State Street Corp raised its position in shares of Citizens Financial Group by 6.7% during the third quarter. State Street Corp now owns 25,826,368 shares of the bank’s stock worth $1,060,689,000 after acquiring an additional 1,615,144 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Citizens Financial Group by 85.6% in the third quarter. Assenagon Asset Management S.A. now owns 2,043,650 shares of the bank’s stock worth $83,933,000 after acquiring an additional 942,662 shares during the period. Bank of Montreal Can boosted its holdings in Citizens Financial Group by 51.1% in the third quarter. Bank of Montreal Can now owns 2,644,542 shares of the bank’s stock valued at $107,897,000 after acquiring an additional 894,322 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in Citizens Financial Group by 124.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,511,148 shares of the bank’s stock worth $62,063,000 after purchasing an additional 838,917 shares during the last quarter. Institutional investors and hedge funds own 94.90% of the company’s stock.

Citizens Financial Group Stock Performance

Shares of CFG stock opened at $47.44 on Friday. Citizens Financial Group, Inc. has a one year low of $30.24 and a one year high of $49.25. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a 50-day moving average of $45.74 and a 200-day moving average of $43.02. The company has a market cap of $20.91 billion, a P/E ratio of 15.66, a P/E/G ratio of 0.82 and a beta of 1.10.

Citizens Financial Group (NYSE:CFG) last announced its earnings results on Friday, January 17th. The bank reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.02. The firm had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1,962,330 billion. Citizens Financial Group had a return on equity of 6.75% and a net margin of 12.21%. The company’s revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.85 EPS. Equities research analysts forecast that Citizens Financial Group, Inc. will post 3.94 EPS for the current fiscal year.

Citizens Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 3.54%. The ex-dividend date of this dividend is Friday, January 31st. Citizens Financial Group’s dividend payout ratio is presently 55.45%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. The Goldman Sachs Group boosted their target price on shares of Citizens Financial Group from $48.00 to $59.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. DA Davidson upped their target price on Citizens Financial Group from $46.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. Citigroup lifted their target price on Citizens Financial Group from $50.00 to $58.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Evercore ISI cut their price target on Citizens Financial Group from $47.00 to $46.00 and set an “in-line” rating on the stock in a report on Wednesday, October 2nd. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Citizens Financial Group from $53.00 to $56.00 and gave the stock a “market perform” rating in a research report on Tuesday. Nine equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $49.00.

About Citizens Financial Group

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.