Citizens Financial Group Inc (NYSE:CFG) Shares Bought by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC raised its stake in Citizens Financial Group Inc (NYSE:CFG) by 7.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 98,973 shares of the bank’s stock after purchasing an additional 6,773 shares during the period. Commonwealth Equity Services LLC’s holdings in Citizens Financial Group were worth $3,500,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. Wealthcare Advisory Partners LLC increased its holdings in shares of Citizens Financial Group by 23,866.7% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 719 shares of the bank’s stock valued at $25,000 after acquiring an additional 716 shares during the last quarter. Atwater Malick LLC purchased a new position in shares of Citizens Financial Group in the 3rd quarter valued at about $30,000. Assetmark Inc. increased its holdings in shares of Citizens Financial Group by 243.6% in the 2nd quarter. Assetmark Inc. now owns 962 shares of the bank’s stock valued at $34,000 after acquiring an additional 682 shares during the last quarter. Oakworth Capital Inc. increased its holdings in shares of Citizens Financial Group by 739.0% in the 2nd quarter. Oakworth Capital Inc. now owns 1,183 shares of the bank’s stock valued at $41,000 after acquiring an additional 1,042 shares during the last quarter. Finally, CSat Investment Advisory L.P. increased its holdings in shares of Citizens Financial Group by 162.6% in the 2nd quarter. CSat Investment Advisory L.P. now owns 1,363 shares of the bank’s stock valued at $48,000 after acquiring an additional 844 shares during the last quarter. 96.25% of the stock is currently owned by institutional investors.

CFG opened at $38.52 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.97 and a quick ratio of 0.96. The business has a 50 day simple moving average of $35.33 and a 200-day simple moving average of $35.00. The stock has a market capitalization of $16.94 billion, a P/E ratio of 10.82, a P/E/G ratio of 1.64 and a beta of 1.48. Citizens Financial Group Inc has a 12 month low of $27.62 and a 12 month high of $38.62.

Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings data on Friday, October 18th. The bank reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.02. The firm had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.62 billion. Citizens Financial Group had a return on equity of 8.85% and a net margin of 22.29%. Citizens Financial Group’s revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.93 earnings per share. Research analysts anticipate that Citizens Financial Group Inc will post 3.81 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 13th. Investors of record on Wednesday, October 30th will be issued a dividend of $0.36 per share. The ex-dividend date is Tuesday, October 29th. This represents a $1.44 annualized dividend and a yield of 3.74%. Citizens Financial Group’s dividend payout ratio is presently 40.45%.

Several research analysts have weighed in on the company. Zacks Investment Research upgraded Citizens Financial Group from a “strong sell” rating to a “hold” rating and set a $30.00 target price on the stock in a research note on Wednesday, October 23rd. Argus upgraded Citizens Financial Group from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a research note on Monday, July 29th. Morgan Stanley lowered their target price on Citizens Financial Group from $43.00 to $42.00 and set an “overweight” rating on the stock in a research note on Thursday, October 3rd. Citigroup downgraded Citizens Financial Group from a “neutral” rating to a “sell” rating and lowered their target price for the company from $39.00 to $32.00 in a research note on Tuesday, October 8th. Finally, JPMorgan Chase & Co. lowered their target price on Citizens Financial Group from $42.00 to $39.50 and set an “overweight” rating on the stock in a research note on Thursday, October 10th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $38.65.

In other news, Director Charles John Koch acquired 15,000 shares of Citizens Financial Group stock in a transaction that occurred on Tuesday, August 20th. The stock was purchased at an average cost of $32.45 per share, with a total value of $486,750.00. Following the completion of the acquisition, the director now owns 68,781 shares in the company, valued at approximately $2,231,943.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.32% of the company’s stock.

Citizens Financial Group Company Profile

Citizens Financial Group, Inc operates as the bank holding company for Citizens Bank, National Association and Citizens Bank of Pennsylvania that provides retail and commercial banking products and services in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.

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Institutional Ownership by Quarter for Citizens Financial Group (NYSE:CFG)

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