Artisan Partners Limited Partnership Sells 414,272 Shares of Citizens Financial Group, Inc. (CFG)

Artisan Partners Limited Partnership lowered its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 3.9% during the fourth quarter, Holdings Channel reports. The fund owned 10,313,759 shares of the company’s stock after selling 414,272 shares during the period. Artisan Partners Limited Partnership owned about 2.01% of Citizens Financial Group worth $367,479,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Mn Services Vermogensbeheer B.V. raised its stake in Citizens Financial Group by 1.7% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 13,559 shares of the company’s stock valued at $335,000 after buying an additional 225 shares during the last quarter. World Asset Management Inc raised its stake in Citizens Financial Group by 0.5% in the third quarter. World Asset Management Inc now owns 52,138 shares of the company’s stock valued at $1,288,000 after buying an additional 282 shares during the last quarter. University of Notre Dame DU Lac raised its stake in Citizens Financial Group by 0.3% in the third quarter. University of Notre Dame DU Lac now owns 92,012 shares of the company’s stock valued at $2,274,000 after buying an additional 319 shares during the last quarter. SRB Corp raised its stake in Citizens Financial Group by 8.0% in the third quarter. SRB Corp now owns 6,656 shares of the company’s stock valued at $164,000 after buying an additional 491 shares during the last quarter. Finally, Hartford Investment Management Co. raised its stake in Citizens Financial Group by 0.5% in the third quarter. Hartford Investment Management Co. now owns 125,592 shares of the company’s stock valued at $3,103,000 after buying an additional 638 shares during the last quarter. Hedge funds and other institutional investors own 95.54% of the company’s stock.

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

Citizens Financial Group, Inc. (NYSE:CFG) traded up 0.50% during midday trading on Friday, reaching $36.42. 3,283,755 shares of the company traded hands. The company has a market cap of $18.65 billion, a price-to-earnings ratio of 18.49 and a beta of 1.36. Citizens Financial Group, Inc. has a 12-month low of $18.34 and a 12-month high of $37.95. The company has a 50-day moving average price of $36.08 and a 200-day moving average price of $29.22.

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

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 16th. Investors of record on Thursday, February 2nd will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.54%. This is a positive change from Citizens Financial Group’s previous quarterly dividend of $0.12. The ex-dividend date is Tuesday, January 31st. Citizens Financial Group’s dividend payout ratio is presently 28.28%.

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Several research firms have weighed in on CFG. Oppenheimer Holdings, Inc. reiterated a “market perform” rating on shares of Citizens Financial Group in a research note on Tuesday, November 15th. Citigroup Inc. lowered shares of Citizens Financial Group from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 15th. Deutsche Bank AG boosted their price target on shares of Citizens Financial Group from $27.00 to $34.00 and gave the company a “hold” rating in a report on Wednesday, November 30th. Barclays PLC boosted their price target on shares of Citizens Financial Group from $27.00 to $39.00 and gave the company an “equal weight” rating in a report on Tuesday, January 3rd. Finally, Keefe, Bruyette & Woods raised shares of Citizens Financial Group from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $27.00 to $36.00 in a report on Tuesday, November 29th. Ten analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $32.55.

About Citizens Financial Group

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

Want to see what other hedge funds are holding CFG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Citizens Financial Group, Inc. (NYSE:CFG).

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