GSA Capital Partners LLP bought a new position in shares of Citizens Financial Group, Inc. (NYSE:CFG) in the third quarter, HoldingsChannel.com reports. The institutional investor bought 19,582 shares of the bank’s stock, valued at approximately $495,000.
A number of other hedge funds have also recently added to or reduced their stakes in the business. Klingman & Associates LLC increased its holdings in Citizens Financial Group by 0.3% during the 3rd quarter. Klingman & Associates LLC now owns 145,978 shares of the bank’s stock worth $3,690,000 after purchasing an additional 390 shares in the last quarter. World Asset Management Inc grew its holdings in shares of Citizens Financial Group by 2.3% in the 3rd quarter. World Asset Management Inc now owns 18,165 shares of the bank’s stock valued at $459,000 after acquiring an additional 411 shares in the last quarter. CIBC Asset Management Inc grew its holdings in shares of Citizens Financial Group by 1.3% in the 2nd quarter. CIBC Asset Management Inc now owns 38,312 shares of the bank’s stock valued at $967,000 after acquiring an additional 498 shares in the last quarter. CWM LLC grew its holdings in shares of Citizens Financial Group by 6.4% in the 3rd quarter. CWM LLC now owns 9,033 shares of the bank’s stock valued at $228,000 after acquiring an additional 546 shares in the last quarter. Finally, Highland Capital Management LLC grew its holdings in shares of Citizens Financial Group by 0.6% in the 2nd quarter. Highland Capital Management LLC now owns 86,550 shares of the bank’s stock valued at $2,185,000 after acquiring an additional 550 shares in the last quarter. Hedge funds and other institutional investors own 92.15% of the company’s stock.
Shares of CFG stock opened at $33.04 on Tuesday. The firm has a 50 day moving average price of $27.94 and a two-hundred day moving average price of $25.53. The company has a quick ratio of 0.92, a current ratio of 0.94 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $14.11 billion, a PE ratio of 14.88 and a beta of 1.84. Citizens Financial Group, Inc. has a 12-month low of $14.12 and a 12-month high of $41.29.
Citizens Financial Group (NYSE:CFG) last issued its quarterly earnings data on Friday, October 16th. The bank reported $0.73 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.73. The firm had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.74 billion. Citizens Financial Group had a net margin of 13.04% and a return on equity of 5.30%. During the same period last year, the business posted $0.97 earnings per share. As a group, research analysts expect that Citizens Financial Group, Inc. will post 2.22 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 12th. Shareholders of record on Wednesday, October 28th were given a dividend of $0.39 per share. The ex-dividend date was Tuesday, October 27th. This represents a $1.56 annualized dividend and a yield of 4.72%. Citizens Financial Group’s dividend payout ratio (DPR) is presently 40.63%.
Several equities analysts have recently weighed in on CFG shares. Bank of America raised their price objective on Citizens Financial Group from $31.00 to $32.00 and gave the company a “buy” rating in a report on Wednesday, September 23rd. Morgan Stanley raised their price objective on Citizens Financial Group from $33.00 to $34.00 and gave the company an “overweight” rating in a report on Tuesday, November 3rd. TheStreet upgraded Citizens Financial Group from a “c+” rating to a “b-” rating in a report on Thursday, November 5th. DA Davidson assumed coverage on Citizens Financial Group in a report on Thursday, September 10th. They issued a “buy” rating and a $35.00 price objective for the company. Finally, JPMorgan Chase & Co. raised their target price on shares of Citizens Financial Group from $25.50 to $29.50 in a research note on Tuesday, October 6th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $32.04.
Citizens Financial Group Company Profile
Citizens Financial Group, Inc operates as the bank holding company for Citizens Bank, National Association that provides retail and commercial banking products and services in the United States. The company operates in two segments, Consumer Banking and Commercial Banking. The Consumer Banking segment offers traditional banking products and services, including checking and savings accounts, home and education loans, credit cards, business loans, mortgage and home equity lending, and unsecured product finance and personal loans, as well as wealth management and investment services to retail customers and small businesses.
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