Sumitomo Mitsui Asset Management Company LTD Sells 2,438 Shares of Citizens Financial Group, Inc. (CFG)

Sumitomo Mitsui Asset Management Company LTD lowered its position in Citizens Financial Group, Inc. (NYSE:CFG) by 6.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 38,309 shares of the bank’s stock after selling 2,438 shares during the period. Sumitomo Mitsui Asset Management Company LTD’s holdings in Citizens Financial Group were worth $1,450,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Alps Advisors Inc. boosted its position in Citizens Financial Group by 0.3% in the second quarter. Alps Advisors Inc. now owns 12,875 shares of the bank’s stock valued at $459,000 after buying an additional 33 shares during the last quarter. Smithfield Trust Co. boosted its position in Citizens Financial Group by 1.4% in the second quarter. Smithfield Trust Co. now owns 4,994 shares of the bank’s stock valued at $178,000 after buying an additional 70 shares during the last quarter. First Allied Advisory Services Inc. boosted its position in Citizens Financial Group by 1.1% in the second quarter. First Allied Advisory Services Inc. now owns 7,101 shares of the bank’s stock valued at $250,000 after buying an additional 76 shares during the last quarter. Veritable L.P. boosted its position in Citizens Financial Group by 1.2% in the second quarter. Veritable L.P. now owns 6,408 shares of the bank’s stock valued at $229,000 after buying an additional 79 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its position in Citizens Financial Group by 0.3% in the second quarter. Louisiana State Employees Retirement System now owns 31,400 shares of the bank’s stock valued at $1,120,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 96.52% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Sumitomo Mitsui Asset Management Company LTD Sells 2,438 Shares of Citizens Financial Group, Inc. (CFG)” was originally reported by Community Financial News and is owned by of Community Financial News. If you are accessing this article on another site, it was stolen and republished in violation of US and international trademark & copyright laws. The original version of this article can be read at https://www.com-unik.info/2017/11/05/sumitomo-mitsui-asset-management-company-ltd-sells-2438-shares-of-citizens-financial-group-inc-cfg.html.

Citizens Financial Group, Inc. (NYSE CFG) opened at $38.82 on Friday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.97 and a current ratio of 0.98. The firm has a market capitalization of $19,443.42, a P/E ratio of 15.72, a PEG ratio of 0.99 and a beta of 1.35. Citizens Financial Group, Inc. has a 52 week low of $25.98 and a 52 week high of $39.75.

Citizens Financial Group (NYSE:CFG) last announced its earnings results on Friday, October 20th. The bank reported $0.68 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.04. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.43 billion. Citizens Financial Group had a return on equity of 6.44% and a net margin of 20.26%. The business’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.52 EPS. research analysts anticipate that Citizens Financial Group, Inc. will post 2.59 earnings per share for the current year.

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

A number of equities research analysts recently commented on the company. TheStreet upgraded Citizens Financial Group from a “c” rating to a “b-” rating in a research report on Monday, August 7th. BidaskClub lowered Citizens Financial Group from a “sell” rating to a “strong sell” rating in a research report on Monday, August 14th. Zacks Investment Research lowered Citizens Financial Group from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. BMO Capital Markets reiterated a “market perform” rating and issued a $39.00 target price (up previously from $38.00) on shares of Citizens Financial Group in a research report on Tuesday, July 25th. Finally, Deutsche Bank AG reiterated a “hold” rating and issued a $36.00 target price (up previously from $34.00) on shares of Citizens Financial Group in a research report on Tuesday, September 26th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $38.60.

Citizens Financial Group Company 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.

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

What are top analysts saying about Citizens Financial Group Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Citizens Financial Group Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit