Citizens Financial Group, Inc. (CFG) Stake Lowered by Soros Fund Management LLC

Soros Fund Management LLC lowered its position in Citizens Financial Group, Inc. (NYSE:CFG) by 3.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 48,800 shares of the company’s stock after selling 1,700 shares during the period. Soros Fund Management LLC’s holdings in Citizens Financial Group were worth $1,739,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. Todd Asset Management LLC purchased a new stake in shares of Citizens Financial Group during the second quarter worth $15,155,000. Quantbot Technologies LP increased its stake in shares of Citizens Financial Group by 272.3% in the second quarter. Quantbot Technologies LP now owns 338,009 shares of the company’s stock worth $6,753,000 after buying an additional 247,219 shares during the period. RDL Financial Inc. purchased a new stake in shares of Citizens Financial Group during the second quarter worth $310,000. Hosking Partners LLP increased its stake in shares of Citizens Financial Group by 15.0% in the second quarter. Hosking Partners LLP now owns 1,325,449 shares of the company’s stock worth $26,482,000 after buying an additional 173,134 shares during the period. Finally, Airain ltd increased its stake in shares of Citizens Financial Group by 1,605.5% in the second quarter. Airain ltd now owns 256,716 shares of the company’s stock worth $5,129,000 after buying an additional 241,664 shares during the period. 97.12% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Citizens Financial Group (NYSE:CFG)

Citizens Financial Group, Inc. (NYSE:CFG) traded down 1.11% during trading on Thursday, reaching $37.25. 5,960,934 shares of the company were exchanged. The firm’s 50-day moving average is $36.48 and its 200 day moving average is $30.11. Citizens Financial Group, Inc. has a one year low of $18.34 and a one year high of $38.43. The company has a market capitalization of $19.07 billion, a P/E ratio of 18.91 and a beta of 1.36.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings results on Friday, January 20th. The company reported $0.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.03. Citizens Financial Group had a net margin of 18.13% and a return on equity of 5.19%. The company earned $1.36 billion during the quarter. During the same period last year, the company posted $0.42 EPS. The business’s revenue was up 10.6% on a year-over-year basis. On average, analysts anticipate that Citizens Financial Group, Inc. will post $2.27 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 16th. Investors of record on Thursday, February 2nd were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.50%. This is a boost from Citizens Financial Group’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Tuesday, January 31st. Citizens Financial Group’s dividend payout ratio is currently 28.28%.

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A number of equities analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Citizens Financial Group from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research report on Tuesday, November 1st. Citigroup Inc. cut shares of Citizens Financial Group from a “buy” rating to a “neutral” rating in a research report on Tuesday, November 8th. Deutsche Bank AG cut shares of Citizens Financial Group from a “buy” rating to a “hold” rating and set a $27.00 price objective for the company. in a research report on Tuesday, November 8th. Sandler O’Neill cut shares of Citizens Financial Group from a “buy” rating to a “hold” rating and set a $31.00 price objective for the company. in a research report on Monday, November 14th. Finally, Oppenheimer Holdings, Inc. reiterated a “market perform” rating on shares of Citizens Financial Group in a research report on Tuesday, November 15th. Ten investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $32.55.

Citizens Financial Group Company Profile

Citizens Financial Group, Inc is a retail bank holding company in the United States. The Company offers a range of retail and commercial banking products and services to individuals, institutions and companies. The Company operates in two segments: Consumer Banking and Commercial Banking. The Company’s Consumer Banking serves retail customers and small businesses.

5 Day Chart for NYSE:CFG

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