Banque Cantonale Vaudoise Has $682,000 Holdings in Citizens Financial Group, Inc. (NYSE:CFG)

Banque Cantonale Vaudoise decreased its position in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 53.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,624 shares of the bank’s stock after selling 19,015 shares during the period. Banque Cantonale Vaudoise’s holdings in Citizens Financial Group were worth $682,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Innealta Capital LLC bought a new position in Citizens Financial Group in the 2nd quarter valued at $25,000. Costello Asset Management INC bought a new position in shares of Citizens Financial Group in the third quarter valued at about $25,000. Ashton Thomas Securities LLC acquired a new position in Citizens Financial Group during the 3rd quarter worth about $27,000. Catalyst Capital Advisors LLC bought a new stake in Citizens Financial Group during the 3rd quarter worth about $28,000. Finally, Versant Capital Management Inc grew its holdings in Citizens Financial Group by 262.8% during the 2nd quarter. Versant Capital Management Inc now owns 936 shares of the bank’s stock worth $34,000 after acquiring an additional 678 shares during the last quarter. Institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Price Performance

Shares of CFG opened at $46.86 on Friday. The stock has a 50 day simple moving average of $42.68 and a 200 day simple moving average of $39.70. Citizens Financial Group, Inc. has a 52-week low of $26.13 and a 52-week high of $48.35. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.86 and a current ratio of 0.87. The firm has a market capitalization of $20.65 billion, a PE ratio of 18.45, a P/E/G ratio of 1.75 and a beta of 1.07.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings data on Wednesday, October 16th. The bank reported $0.79 EPS for the quarter, hitting analysts’ consensus estimates of $0.79. The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.94 billion. Citizens Financial Group had a net margin of 10.37% and a return on equity of 5.73%. The firm’s quarterly revenue was down 5.6% on a year-over-year basis. During the same period last year, the business posted $0.85 earnings per share. Sell-side analysts predict that Citizens Financial Group, Inc. will post 3.2 EPS for the current fiscal year.

Citizens Financial Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Wednesday, October 30th were given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date was Wednesday, October 30th. Citizens Financial Group’s dividend payout ratio (DPR) is currently 66.14%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Evercore ISI reduced their target price on shares of Citizens Financial Group from $47.00 to $46.00 and set an “in-line” rating on the stock in a research report on Wednesday, October 2nd. Citigroup increased their price objective on Citizens Financial Group from $50.00 to $58.00 and gave the company a “buy” rating in a research report on Thursday. Keefe, Bruyette & Woods boosted their target price on Citizens Financial Group from $42.00 to $46.00 and gave the stock a “market perform” rating in a research report on Monday, September 30th. Piper Sandler boosted their price target on shares of Citizens Financial Group from $45.00 to $48.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. Finally, Barclays raised their price objective on shares of Citizens Financial Group from $40.00 to $47.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. Nine investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $44.80.

About Citizens Financial Group

Citizens Financial Group, Inc operates as the bank holding company that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, corporations, and institutions in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.