GoalVest Advisory LLC Has $30,000 Position in Citizens Financial Group, Inc. $CFG

GoalVest Advisory LLC raised its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 16,900.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 680 shares of the bank’s stock after buying an additional 676 shares during the quarter. GoalVest Advisory LLC’s holdings in Citizens Financial Group were worth $30,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Nisa Investment Advisors LLC grew its position in shares of Citizens Financial Group by 57.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 64,449 shares of the bank’s stock worth $2,884,000 after buying an additional 23,427 shares during the period. Wealthfront Advisers LLC grew its position in shares of Citizens Financial Group by 6.3% during the 2nd quarter. Wealthfront Advisers LLC now owns 199,479 shares of the bank’s stock worth $8,927,000 after buying an additional 11,868 shares during the period. Brighton Jones LLC grew its position in shares of Citizens Financial Group by 167.2% during the 2nd quarter. Brighton Jones LLC now owns 13,892 shares of the bank’s stock worth $622,000 after buying an additional 8,692 shares during the period. AlphaQuest LLC grew its position in shares of Citizens Financial Group by 54.7% during the 2nd quarter. AlphaQuest LLC now owns 54,901 shares of the bank’s stock worth $2,457,000 after buying an additional 19,422 shares during the period. Finally, Bleakley Financial Group LLC lifted its holdings in shares of Citizens Financial Group by 12.0% during the 2nd quarter. Bleakley Financial Group LLC now owns 13,271 shares of the bank’s stock valued at $594,000 after purchasing an additional 1,418 shares in the last quarter. 94.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on CFG. DA Davidson reiterated a “buy” rating and set a $59.00 price objective on shares of Citizens Financial Group in a report on Thursday, October 16th. UBS Group lifted their price objective on Citizens Financial Group from $57.00 to $62.00 and gave the company a “buy” rating in a report on Tuesday, October 7th. Keefe, Bruyette & Woods upgraded Citizens Financial Group from a “market perform” rating to an “outperform” rating and set a $57.00 price objective on the stock in a report on Wednesday, July 9th. Truist Financial cut their price objective on Citizens Financial Group from $58.00 to $56.00 and set a “hold” rating on the stock in a report on Friday, October 17th. Finally, Wells Fargo & Company set a $57.00 price objective on Citizens Financial Group in a report on Wednesday, July 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $56.57.

Citizens Financial Group Stock Down 0.6%

Citizens Financial Group stock opened at $51.86 on Tuesday. The company has a market cap of $22.37 billion, a P/E ratio of 14.53, a price-to-earnings-growth ratio of 0.56 and a beta of 0.79. Citizens Financial Group, Inc. has a 1-year low of $32.60 and a 1-year high of $55.24. The company has a fifty day simple moving average of $51.71 and a 200 day simple moving average of $45.88. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.44.

Citizens Financial Group (NYSE:CFG) last released its earnings results on Wednesday, October 15th. The bank reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.02. The business had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2.10 billion. Citizens Financial Group had a net margin of 14.17% and a return on equity of 7.48%. The firm’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.79 earnings per share. Research analysts anticipate that Citizens Financial Group, Inc. will post 3.92 earnings per share for the current fiscal year.

Citizens Financial Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 12th. Stockholders of record on Wednesday, October 29th will be paid a dividend of $0.46 per share. The ex-dividend date is Wednesday, October 29th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.5%. This is an increase from Citizens Financial Group’s previous quarterly dividend of $0.42. Citizens Financial Group’s dividend payout ratio (DPR) is currently 51.54%.

About Citizens Financial Group

Citizens Financial Group, Inc operates as the bank holding company that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, corporations, and institutions in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.