Meeder Asset Management Inc. Has $413,000 Position in Citizens Financial Group, Inc. $CFG

Meeder Asset Management Inc. cut its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 59.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,772 shares of the bank’s stock after selling 11,512 shares during the quarter. Meeder Asset Management Inc.’s holdings in Citizens Financial Group were worth $413,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. True Wealth Design LLC increased its position in shares of Citizens Financial Group by 891.5% during the 3rd quarter. True Wealth Design LLC now owns 585 shares of the bank’s stock worth $31,000 after purchasing an additional 526 shares in the last quarter. Trust Co. of Vermont grew its stake in Citizens Financial Group by 177.5% during the second quarter. Trust Co. of Vermont now owns 641 shares of the bank’s stock worth $29,000 after buying an additional 410 shares during the last quarter. Investors Research Corp grew its stake in Citizens Financial Group by 344.8% during the second quarter. Investors Research Corp now owns 645 shares of the bank’s stock worth $29,000 after buying an additional 500 shares during the last quarter. GoalVest Advisory LLC increased its holdings in shares of Citizens Financial Group by 16,900.0% during the second quarter. GoalVest Advisory LLC now owns 680 shares of the bank’s stock worth $30,000 after buying an additional 676 shares in the last quarter. Finally, REAP Financial Group LLC raised its stake in shares of Citizens Financial Group by 72.4% in the second quarter. REAP Financial Group LLC now owns 736 shares of the bank’s stock valued at $33,000 after acquiring an additional 309 shares during the last quarter. Institutional investors own 94.90% of the company’s stock.

Citizens Financial Group Trading Down 0.6%

CFG stock opened at $60.20 on Tuesday. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.44. Citizens Financial Group, Inc. has a twelve month low of $32.60 and a twelve month high of $62.16. The company has a market cap of $25.85 billion, a P/E ratio of 16.86, a PEG ratio of 0.52 and a beta of 0.72. The business has a fifty day moving average of $56.08 and a 200-day moving average of $52.20.

Citizens Financial Group (NYSE:CFG) last issued its earnings results on Wednesday, October 15th. The bank reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.02. Citizens Financial Group had a net margin of 14.17% and a return on equity of 7.48%. The company had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.10 billion. During the same quarter last year, the firm earned $0.79 EPS. The company’s revenue for the quarter was up 11.4% on a year-over-year basis. As a group, equities research analysts expect that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 12th. Shareholders of record on Wednesday, October 29th were given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Wednesday, October 29th. This is a positive change from Citizens Financial Group’s previous quarterly dividend of $0.42. Citizens Financial Group’s dividend payout ratio is presently 51.54%.

Analyst Ratings Changes

CFG has been the topic of a number of research analyst reports. Stephens restated an “overweight” rating and set a $60.00 price target on shares of Citizens Financial Group in a research report on Thursday, October 16th. The Goldman Sachs Group restated a “buy” rating and set a $73.00 target price on shares of Citizens Financial Group in a report on Tuesday, January 6th. Cowen restated a “buy” rating on shares of Citizens Financial Group in a research note on Monday, December 1st. Robert W. Baird reaffirmed a “neutral” rating and issued a $60.00 price target on shares of Citizens Financial Group in a report on Thursday, December 11th. Finally, Bank of America raised shares of Citizens Financial Group from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $52.00 to $65.00 in a report on Thursday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Citizens Financial Group has an average rating of “Moderate Buy” and a consensus price target of $60.33.

About Citizens Financial Group

Citizens Financial Group, Inc (NYSE: CFG) is a bank holding company that provides a broad range of banking and financial services to individuals, small and middle-market businesses, corporations and institutional clients. Headquartered in Providence, Rhode Island, Citizens conducts its banking operations principally through its primary banking subsidiary, Citizens Bank, and serves customers through a combination of branch locations, ATMs and digital channels. The company is publicly traded and operates under the regulatory framework applicable to U.S.