Citizens Financial Group, Inc. $CFG Stock Position Raised by Farmers & Merchants Investments Inc.

Farmers & Merchants Investments Inc. boosted its position in Citizens Financial Group, Inc. (NYSE:CFG) by 58,724.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 182,356 shares of the bank’s stock after acquiring an additional 182,046 shares during the period. Farmers & Merchants Investments Inc.’s holdings in Citizens Financial Group were worth $11,627,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

CFG has been the subject of several recent analyst reports. Robert W. Baird boosted their target price on Citizens Financial Group from $72.00 to $75.00 and gave the stock a “neutral” rating in a research report on Friday, July 17th. DA Davidson set a $82.00 price target on Citizens Financial Group in a research note on Monday. Citigroup lowered their price target on Citizens Financial Group from $84.00 to $74.00 and set a “buy” rating for the company in a research report on Tuesday. TD Cowen began coverage on Citizens Financial Group in a research note on Thursday, October 8th. They issued a “buy” rating and a $75.00 target price for the company. Finally, JPMorgan Chase & Co. cut their price objective on shares of Citizens Financial Group from $78.00 to $72.50 and set an “overweight” rating on the stock in a report on Friday, October 2nd. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $77.47.

Citizens Financial Group Trading Down 0.1%

Shares of CFG stock opened at $65.19 on Friday. The stock has a market capitalization of $27.46 billion, a price-to-earnings ratio of 13.12, a price-to-earnings-growth ratio of 0.59 and a beta of 0.72. The stock’s 50-day moving average price is $67.11 and its 200-day moving average price is $67.20. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.74. Citizens Financial Group, Inc. has a 12-month low of $49.00 and a 12-month high of $75.33.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings data on Friday, October 16th. The bank reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.02. The business had revenue of $2.32 billion for the quarter, compared to the consensus estimate 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 period in the prior year, the business posted $1.05 earnings per share. Equities research analysts predict that Citizens Financial Group, Inc. will post 5.30 EPS for the current fiscal year.

Citizens Financial Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 30th will be given a $0.52 dividend. This is a boost from Citizens Financial Group’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Friday, October 30th. This represents a $2.08 annualized dividend and a yield of 3.2%. Citizens Financial Group’s dividend payout ratio is currently 41.85%.

Citizens Financial Group Company Profile

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.