Citizens Financial Group, Inc. (NYSE:CFG) Stock Holdings Increased by Pitcairn Co.

Pitcairn Co. boosted its position in Citizens Financial Group, Inc. (NYSE:CFG) by 2.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,261 shares of the bank’s stock after buying an additional 538 shares during the quarter. Pitcairn Co.’s holdings in Citizens Financial Group were worth $914,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Innealta Capital LLC bought a new stake in Citizens Financial Group in the second quarter valued at about $25,000. Costello Asset Management INC bought a new stake in Citizens Financial Group in the third quarter valued at about $25,000. Ashton Thomas Securities LLC bought a new stake in Citizens Financial Group in the third quarter valued at about $27,000. Catalyst Capital Advisors LLC bought a new stake in Citizens Financial Group in the third quarter valued at about $28,000. Finally, Versant Capital Management Inc boosted its stake in Citizens Financial Group by 262.8% in the second quarter. Versant Capital Management Inc now owns 936 shares of the bank’s stock valued at $34,000 after acquiring an additional 678 shares during the period. 94.90% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on the company. DA Davidson lifted their target price on Citizens Financial Group from $46.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. Keefe, Bruyette & Woods lifted their target price on Citizens Financial Group from $42.00 to $46.00 and gave the company a “market perform” rating in a research note on Monday, September 30th. Citigroup lifted their target price on Citizens Financial Group from $50.00 to $58.00 and gave the company a “buy” rating in a research note on Thursday. Royal Bank of Canada lifted their target price on Citizens Financial Group from $43.00 to $45.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. Finally, Morgan Stanley lifted their target price on Citizens Financial Group from $41.00 to $50.00 and gave the company an “equal weight” rating in a research note on Monday, August 5th. Nine research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Citizens Financial Group has a consensus rating of “Hold” and a consensus price target of $44.80.

Citizens Financial Group Stock Performance

CFG opened at $47.65 on Monday. The company has a market capitalization of $21.00 billion, a price-to-earnings ratio of 18.76, a price-to-earnings-growth ratio of 1.78 and a beta of 1.07. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.87 and a quick ratio of 0.86. Citizens Financial Group, Inc. has a 1-year low of $26.13 and a 1-year high of $48.35. The business has a 50 day moving average price of $42.83 and a two-hundred day moving average price of $39.84.

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

Citizens Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Wednesday, October 30th were issued a $0.42 dividend. The ex-dividend date was Wednesday, October 30th. This represents a $1.68 annualized dividend and a dividend yield of 3.53%. Citizens Financial Group’s dividend payout ratio is currently 66.14%.

Citizens Financial Group Company Profile

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.