Citizens Financial Group, Inc. (NYSE:CFG) Shares Purchased by Cerity Partners LLC

Cerity Partners LLC increased its position in Citizens Financial Group, Inc. (NYSE:CFG) by 22.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 373,499 shares of the bank’s stock after acquiring an additional 67,241 shares during the period. Cerity Partners LLC owned approximately 0.08% of Citizens Financial Group worth $15,340,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Versor Investments LP purchased a new position in shares of Citizens Financial Group in the third quarter worth about $1,910,000. CWM LLC raised its position in Citizens Financial Group by 77.1% during the 2nd quarter. CWM LLC now owns 40,699 shares of the bank’s stock worth $1,466,000 after buying an additional 17,718 shares during the last quarter. Quantbot Technologies LP acquired a new stake in Citizens Financial Group during the 2nd quarter valued at approximately $5,009,000. Andra AP fonden boosted its holdings in shares of Citizens Financial Group by 49.1% in the 2nd quarter. Andra AP fonden now owns 308,300 shares of the bank’s stock valued at $11,108,000 after acquiring an additional 101,500 shares during the last quarter. Finally, Pallas Capital Advisors LLC increased its stake in shares of Citizens Financial Group by 138.9% in the third quarter. Pallas Capital Advisors LLC now owns 25,620 shares of the bank’s stock worth $1,069,000 after acquiring an additional 14,896 shares during the period. Institutional investors and hedge funds own 94.90% of the company’s stock.

Analysts Set New Price Targets

CFG has been the topic of several recent research reports. Morgan Stanley upped their price target on shares of Citizens Financial Group from $41.00 to $50.00 and gave the company an “equal weight” rating in a report on Monday, August 5th. Royal Bank of Canada upped their target price on Citizens Financial Group from $43.00 to $45.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. StockNews.com raised Citizens Financial Group from a “sell” rating to a “hold” rating in a report on Thursday, October 17th. Citigroup boosted their price target on Citizens Financial Group from $50.00 to $58.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Finally, DA Davidson raised their price objective on shares of Citizens Financial Group from $46.00 to $48.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. Nine equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Citizens Financial Group has a consensus rating of “Hold” and a consensus target price of $44.80.

Citizens Financial Group Price Performance

NYSE:CFG opened at $48.47 on Tuesday. The stock has a 50 day moving average of $42.99 and a two-hundred day moving average of $39.93. Citizens Financial Group, Inc. has a 12 month low of $26.13 and a 12 month high of $49.25. The firm has a market cap of $21.36 billion, a P/E ratio of 19.08, a price-to-earnings-growth ratio of 1.81 and a beta of 1.07. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.61.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings results on Wednesday, October 16th. The bank reported $0.79 EPS for the quarter, hitting the consensus estimate of $0.79. The firm had revenue of $1.90 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the previous year, the business earned $0.85 earnings per share. On average, analysts expect that Citizens Financial Group, Inc. will post 3.2 earnings per share for the current fiscal year.

Citizens Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Wednesday, October 30th were paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 3.47%. The ex-dividend date of this dividend was Wednesday, October 30th. Citizens Financial Group’s dividend payout ratio is currently 66.14%.

Citizens Financial Group 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.