Carillon Tower Advisers Inc. Reduces Position in Citizens Financial Group Inc (CFG)

Carillon Tower Advisers Inc. decreased its position in shares of Citizens Financial Group Inc (NYSE:CFG) by 41.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 76,242 shares of the bank’s stock after selling 53,050 shares during the quarter. Carillon Tower Advisers Inc.’s holdings in Citizens Financial Group were worth $2,941,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in CFG. LSV Asset Management raised its holdings in Citizens Financial Group by 51.7% during the 2nd quarter. LSV Asset Management now owns 7,513,125 shares of the bank’s stock worth $292,260,000 after purchasing an additional 2,561,477 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Citizens Financial Group by 14.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 16,986,749 shares of the bank’s stock worth $655,180,000 after purchasing an additional 2,189,838 shares during the last quarter. Bank of Montreal Can raised its holdings in Citizens Financial Group by 51.9% during the 3rd quarter. Bank of Montreal Can now owns 5,312,122 shares of the bank’s stock worth $204,888,000 after purchasing an additional 1,815,395 shares during the last quarter. BlackRock Inc. raised its holdings in Citizens Financial Group by 2.9% during the 3rd quarter. BlackRock Inc. now owns 42,438,174 shares of the bank’s stock worth $1,636,839,000 after purchasing an additional 1,208,420 shares during the last quarter. Finally, Janus Henderson Group PLC raised its holdings in Citizens Financial Group by 30.8% during the 2nd quarter. Janus Henderson Group PLC now owns 4,493,533 shares of the bank’s stock worth $174,800,000 after purchasing an additional 1,058,650 shares during the last quarter. Hedge funds and other institutional investors own 96.09% of the company’s stock.

Several research firms have issued reports on CFG. Morgan Stanley lowered their price target on shares of Citizens Financial Group from $53.00 to $51.00 and set an “overweight” rating for the company in a report on Tuesday, September 18th. ValuEngine lowered shares of Citizens Financial Group from a “hold” rating to a “sell” rating in a report on Thursday, September 27th. Zacks Investment Research upgraded shares of Citizens Financial Group from a “sell” rating to a “hold” rating in a report on Tuesday, October 9th. Macquarie upgraded shares of Citizens Financial Group from an “underperform” rating to a “neutral” rating and set a $38.00 price target for the company in a report on Monday, October 22nd. Finally, Bank of America upgraded shares of Citizens Financial Group from an “underperform” rating to a “buy” rating and set a $43.00 price target for the company in a report on Monday, October 22nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $44.64.

In related news, Director Charles John Koch acquired 14,000 shares of Citizens Financial Group stock in a transaction dated Tuesday, October 23rd. The stock was bought at an average price of $36.32 per share, with a total value of $508,480.00. Following the transaction, the director now directly owns 49,937 shares in the company, valued at approximately $1,813,711.84. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Shivan S. Subramaniam acquired 3,000 shares of Citizens Financial Group stock in a transaction dated Wednesday, November 21st. The shares were bought at an average cost of $35.32 per share, with a total value of $105,960.00. Following the transaction, the director now owns 38,963 shares in the company, valued at $1,376,173.16. The disclosure for this purchase can be found here. Company insiders own 0.22% of the company’s stock.

Shares of CFG stock opened at $36.55 on Tuesday. The company has a market cap of $17.01 billion, a PE ratio of 11.02, a P/E/G ratio of 0.67 and a beta of 1.24. Citizens Financial Group Inc has a 52 week low of $34.82 and a 52 week high of $48.23. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.00 and a quick ratio of 0.98.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings data on Friday, October 19th. The bank reported $0.93 EPS for the quarter, topping the consensus estimate of $0.90 by $0.03. The company had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.56 billion. Citizens Financial Group had a net margin of 27.12% and a return on equity of 8.11%. The company’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.63 EPS. On average, sell-side analysts expect that Citizens Financial Group Inc will post 3.51 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 14th. Stockholders of record on Wednesday, October 31st were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 2.95%. The ex-dividend date of this dividend was Tuesday, October 30th. Citizens Financial Group’s dividend payout ratio (DPR) is 41.86%.

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Citizens Financial Group Profile

Citizens Financial Group, Inc operates as the bank holding company for Citizens Bank, National Association and Citizens Bank of Pennsylvania that provide retail and commercial banking products and services in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.

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

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