Citizens Financial Group, Inc. $CFG Stock: Signaturefd LLC Increases Holdings

Signaturefd LLC grew its position in Citizens Financial Group, Inc. (NYSE:CFG) by 1,515.9% in the third quarter, according to its most recent filing with the SEC. The fund owned 116,585 shares of the bank’s stock after acquiring an additional 109,370 shares during the period. Signaturefd LLC’s holdings in Citizens Financial Group were worth $7,433,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. 55 North Private Wealth LLC boosted its holdings in shares of Citizens Financial Group by 4.6% during the 3rd quarter. 55 North Private Wealth LLC now owns 3,830 shares of the bank’s stock valued at $244,000 after acquiring an additional 170 shares in the last quarter. Cookson Peirce & Co. Inc. increased its holdings in Citizens Financial Group by 0.3% in the 2nd quarter. Cookson Peirce & Co. Inc. now owns 56,309 shares of the bank’s stock worth $3,946,000 after purchasing an additional 174 shares in the last quarter. Trustmark Bank Trust Department increased its holdings in Citizens Financial Group by 4.9% in the 2nd quarter. Trustmark Bank Trust Department now owns 4,278 shares of the bank’s stock worth $300,000 after purchasing an additional 198 shares in the last quarter. GoalVest Advisory LLC increased its holdings in Citizens Financial Group by 29.9% in the 3rd quarter. GoalVest Advisory LLC now owns 883 shares of the bank’s stock worth $56,000 after purchasing an additional 203 shares in the last quarter. Finally, Rockefeller Capital Management L.P. raised its position in Citizens Financial Group by 0.3% in the fourth quarter. Rockefeller Capital Management L.P. now owns 64,323 shares of the bank’s stock valued at $3,757,000 after purchasing an additional 220 shares during the last quarter. Institutional investors and hedge funds own 94.90% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on CFG. DA Davidson set a $82.00 target price on Citizens Financial Group in a research report on Monday, October 19th. Barclays boosted their price target on Citizens Financial Group from $77.00 to $81.00 and gave the stock an “overweight” rating in a report on Friday, July 17th. Cantor Fitzgerald lowered their price objective on Citizens Financial Group from $84.00 to $78.00 and set an “overweight” rating for the company in a research note on Wednesday, October 14th. TD Cowen initiated coverage on Citizens Financial Group in a research note on Thursday, October 8th. They issued a “buy” rating and a $75.00 price objective for the company. Finally, Royal Bank Of Canada dropped their price objective on shares of Citizens Financial Group from $79.00 to $74.00 and set an “outperform” rating for the company in a report on Monday, October 19th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $77.47.

Citizens Financial Group Stock Performance

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

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings data on Friday, October 16th. The bank reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.02. The business had revenue of $2.32 billion during 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. Sell-side analysts forecast that Citizens Financial Group, Inc. will post 5.30 EPS for the current year.

Citizens Financial Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 30th will be issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Friday, October 30th. This is a boost from Citizens Financial Group’s previous quarterly dividend of $0.46. Citizens Financial Group’s dividend payout ratio (DPR) is presently 37.02%.

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.