Foundry Partners LLC Sells 37,975 Shares of Citizens Financial Group, Inc. (CFG)

Foundry Partners LLC reduced its position in Citizens Financial Group, Inc. (NYSE:CFG) by 8.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 393,250 shares of the bank’s stock after selling 37,975 shares during the quarter. Foundry Partners LLC owned 0.08% of Citizens Financial Group worth $14,892,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Citizens Financial Group by 2.6% in the second quarter. Vanguard Group Inc. now owns 53,188,129 shares of the bank’s stock worth $1,897,753,000 after purchasing an additional 1,328,293 shares in the last quarter. BlackRock Inc. raised its holdings in Citizens Financial Group by 5.8% in the second quarter. BlackRock Inc. now owns 45,150,226 shares of the bank’s stock worth $1,610,961,000 after purchasing an additional 2,458,123 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Citizens Financial Group by 3.5% in the second quarter. JPMorgan Chase & Co. now owns 17,408,929 shares of the bank’s stock worth $621,151,000 after purchasing an additional 581,232 shares in the last quarter. Artisan Partners Limited Partnership raised its holdings in Citizens Financial Group by 1.3% in the second quarter. Artisan Partners Limited Partnership now owns 9,310,713 shares of the bank’s stock worth $332,206,000 after purchasing an additional 119,788 shares in the last quarter. Finally, Janus Henderson Group PLC raised its holdings in Citizens Financial Group by 2,682.0% in the second quarter. Janus Henderson Group PLC now owns 8,138,852 shares of the bank’s stock worth $290,393,000 after purchasing an additional 7,846,303 shares in the last quarter. Hedge funds and other institutional investors own 96.52% of the company’s stock.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings results on Friday, October 20th. The bank reported $0.68 EPS for the quarter, topping the consensus estimate of $0.64 by $0.04. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.43 billion. Citizens Financial Group had a return on equity of 6.44% and a net margin of 20.26%. The firm’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.52 earnings per share.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st will be paid a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, October 31st. This represents a $0.72 annualized dividend and a dividend yield of 1.85%. Citizens Financial Group’s dividend payout ratio (DPR) is currently 29.15%.

A number of equities analysts have commented on the stock. TheStreet upgraded shares of Citizens Financial Group from a “c” rating to a “b-” rating in a report on Monday, August 7th. Zacks Investment Research upgraded shares of Citizens Financial Group from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a report on Wednesday, October 25th. BidaskClub downgraded shares of Citizens Financial Group from a “sell” rating to a “strong sell” rating in a report on Monday, August 14th. BMO Capital Markets reiterated a “market perform” rating and issued a $39.00 target price (up from $38.00) on shares of Citizens Financial Group in a report on Tuesday, July 25th. Finally, Deutsche Bank AG reiterated a “hold” rating and issued a $36.00 target price (up from $34.00) on shares of Citizens Financial Group in a report on Tuesday, September 26th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. Citizens Financial Group currently has an average rating of “Hold” and a consensus target price of $38.60.

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Citizens Financial Group Profile

Citizens Financial Group, Inc is a retail bank holding company. The Company operates through two segments: Consumer Banking and Commercial Banking. Its Consumer Banking serves retail customers and small businesses. Consumer Banking products and services include deposit products, mortgage and home equity lending, auto financing, student loans, personal unsecured lines and loans, credit cards, business loans, wealth management and investment services.

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

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