Citizens Financial Group, Inc. $CFG Stock Holdings Raised by Quadrant Capital Group LLC

Quadrant Capital Group LLC raised its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 902.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 184,740 shares of the bank’s stock after acquiring an additional 166,306 shares during the quarter. Quadrant Capital Group LLC’s holdings in Citizens Financial Group were worth $11,779,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cedar Mountain Advisors LLC bought a new position in shares of Citizens Financial Group during the first quarter valued at $27,000. Elevation Wealth Partners LLC increased its stake in shares of Citizens Financial Group by 319.8% in the 2nd quarter. Elevation Wealth Partners LLC now owns 424 shares of the bank’s stock valued at $30,000 after buying an additional 323 shares during the period. Virtus Advisers LLC acquired a new stake in Citizens Financial Group in the second quarter worth about $35,000. Keating Financial Advisory Services Inc. bought a new stake in shares of Citizens Financial Group during the second quarter worth approximately $35,000. Finally, Align Financial LLC acquired a new position in shares of Citizens Financial Group in the 3rd quarter valued at $35,000. 94.90% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Royal Bank Of Canada reduced their price objective on shares of Citizens Financial Group from $79.00 to $74.00 and set an “outperform” rating on the stock in a research note on Monday. DA Davidson set a $82.00 target price on Citizens Financial Group in a research report on Monday. Robert W. Baird raised their target price on shares of Citizens Financial Group from $72.00 to $75.00 and gave the company a “neutral” rating in a research report on Friday, July 17th. UBS Group lowered their price target on shares of Citizens Financial Group from $82.00 to $77.00 and set a “buy” rating on the stock in a research note on Monday, October 5th. Finally, Barclays boosted their price target on shares of Citizens Financial Group from $77.00 to $81.00 and gave the stock an “overweight” rating in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Citizens Financial Group currently has a consensus rating of “Moderate Buy” and an average price target of $77.47.

Citizens Financial Group Stock Up 2.4%

CFG stock opened at $64.25 on Wednesday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.74. The business has a 50 day moving average price of $67.66 and a two-hundred day moving average price of $67.16. The company has a market cap of $27.06 billion, a price-to-earnings ratio of 12.93, a P/E/G ratio of 0.57 and a beta of 0.72. Citizens Financial Group, Inc. has a twelve month low of $49.00 and a twelve month high of $75.33.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings results on Friday, October 16th. The bank reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.02. The firm had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.34 billion. Citizens Financial Group had a return on equity of 9.52% and a net margin of 18.07%. During the same quarter in the previous year, the firm earned $1.05 EPS. Analysts anticipate that Citizens Financial Group, Inc. will post 5.30 EPS for the current fiscal year.

Citizens Financial Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 30th will be issued a dividend of $0.52 per share. The ex-dividend date is Friday, October 30th. This is a positive change from Citizens Financial Group’s previous quarterly dividend of $0.46. This represents a $2.08 dividend on an annualized basis and a yield of 3.2%. Citizens Financial Group’s dividend payout ratio is presently 41.85%.

Insiders Place Their Bets

In other Citizens Financial Group news, CEO Bruce Van Saun sold 129,369 shares of the company’s stock in a transaction on Friday, July 24th. The shares were sold at an average price of $72.07, for a total transaction of $9,323,623.83. Following the sale, the chief executive officer directly owned 1,140,763 shares of the company’s stock, valued at approximately $82,214,789.41. This represents a 10.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.67% of the company’s stock.

About Citizens Financial Group

Citizens Financial Group, Inc is a bank holding company headquartered in Providence, Rhode Island. Its principal subsidiary, Citizens Bank, provides banking and financial services to consumers, small businesses, middle-market companies, large corporations and institutional clients.

The company offers consumer deposit accounts, residential mortgages, home equity financing, credit cards, personal loans and other lending products. Its commercial banking activities include business loans, equipment financing, treasury management, capital markets services and investment banking.