Citizens Financial Group Inc (CFG) Holdings Reduced by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC reduced its position in Citizens Financial Group Inc (NYSE:CFG) by 3.6% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 752,247 shares of the bank’s stock after selling 27,972 shares during the period. Wedge Capital Management L L P NC’s holdings in Citizens Financial Group were worth $24,448,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Semmax Financial Advisors Inc. purchased a new stake in Citizens Financial Group during the 4th quarter worth $26,000. PRW Wealth Management LLC purchased a new stake in Citizens Financial Group during the 4th quarter worth $32,000. Liberty Wealth Management LLC purchased a new stake in Citizens Financial Group during the 1st quarter worth $34,000. Exane Asset Management purchased a new stake in Citizens Financial Group during the 4th quarter worth $42,000. Finally, CWM LLC boosted its position in Citizens Financial Group by 29.3% during the 4th quarter. CWM LLC now owns 1,536 shares of the bank’s stock worth $46,000 after purchasing an additional 348 shares during the period. 98.68% of the stock is owned by hedge funds and other institutional investors.

Shares of CFG stock opened at $35.87 on Friday. Citizens Financial Group Inc has a 12 month low of $27.62 and a 12 month high of $43.12. The company has a current ratio of 0.96, a quick ratio of 0.95 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $16.85 billion, a price-to-earnings ratio of 10.08, a PEG ratio of 1.18 and a beta of 1.45.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings data on Thursday, April 18th. The bank reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.04. Citizens Financial Group had a net margin of 22.96% and a return on equity of 8.88%. The firm had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same quarter in the previous year, the business posted $0.78 EPS. Sell-side analysts forecast that Citizens Financial Group Inc will post 3.88 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be issued a $0.32 dividend. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $1.28 dividend on an annualized basis and a yield of 3.57%. Citizens Financial Group’s dividend payout ratio is currently 35.96%.

A number of analysts recently weighed in on the stock. Zacks Investment Research cut shares of Citizens Financial Group from a “buy” rating to a “hold” rating in a research report on Wednesday, February 13th. Wedbush set a $39.00 price target on shares of Citizens Financial Group and gave the stock a “buy” rating in a research report on Monday, April 22nd. Finally, ValuEngine raised shares of Citizens Financial Group from a “strong sell” rating to a “sell” rating in a research report on Friday, April 19th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the stock. Citizens Financial Group currently has an average rating of “Buy” and a consensus price target of $41.36.

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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 provides 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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