Citizens Financial Group, Inc. $CFG Holdings Raised by Brighton Jones LLC

Brighton Jones LLC lifted its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 167.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,892 shares of the bank’s stock after purchasing an additional 8,692 shares during the quarter. Brighton Jones LLC’s holdings in Citizens Financial Group were worth $622,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of Citizens Financial Group by 19.2% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 54,870 shares of the bank’s stock valued at $2,248,000 after purchasing an additional 8,851 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its stake in shares of Citizens Financial Group by 425.7% during the first quarter. Robeco Institutional Asset Management B.V. now owns 26,104 shares of the bank’s stock valued at $1,069,000 after purchasing an additional 21,138 shares in the last quarter. World Investment Advisors bought a new stake in shares of Citizens Financial Group during the first quarter valued at about $410,000. OneDigital Investment Advisors LLC raised its stake in shares of Citizens Financial Group by 37.9% during the first quarter. OneDigital Investment Advisors LLC now owns 7,126 shares of the bank’s stock valued at $292,000 after purchasing an additional 1,957 shares in the last quarter. Finally, IFM Investors Pty Ltd raised its stake in shares of Citizens Financial Group by 12.0% during the first quarter. IFM Investors Pty Ltd now owns 107,788 shares of the bank’s stock valued at $4,427,000 after purchasing an additional 11,521 shares in the last quarter. 94.90% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CFG. Wells Fargo & Company set a $57.00 price objective on shares of Citizens Financial Group in a research note on Wednesday, July 2nd. UBS Group boosted their price target on shares of Citizens Financial Group from $57.00 to $62.00 and gave the stock a “buy” rating in a research report on Tuesday, October 7th. DA Davidson reiterated a “buy” rating and issued a $59.00 price target on shares of Citizens Financial Group in a research report on Thursday, October 16th. JPMorgan Chase & Co. upgraded shares of Citizens Financial Group from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $48.50 to $52.00 in a research report on Friday, August 1st. Finally, Evercore ISI boosted their price target on shares of Citizens Financial Group from $57.00 to $61.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 30th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Citizens Financial Group presently has a consensus rating of “Moderate Buy” and an average target price of $56.57.

Citizens Financial Group Price Performance

NYSE CFG opened at $51.40 on Wednesday. The stock’s 50-day moving average price is $51.77 and its two-hundred day moving average price is $46.00. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.44. The company has a market cap of $22.17 billion, a PE ratio of 14.40, a PEG ratio of 0.55 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.

Citizens Financial Group (NYSE:CFG) last posted its quarterly earnings data on Wednesday, October 15th. The bank reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.02. The firm had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.10 billion. Citizens Financial Group had a return on equity of 7.48% and a net margin of 14.17%.The business’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.79 EPS. On average, analysts predict that Citizens Financial Group, Inc. will post 3.92 EPS for the current year.

Citizens Financial Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 12th. Shareholders of record on Wednesday, October 29th will be issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 3.6%. The ex-dividend date is Wednesday, October 29th. This is a boost from Citizens Financial Group’s previous quarterly dividend of $0.42. Citizens Financial Group’s dividend payout ratio is presently 47.06%.

Citizens Financial Group Company Profile

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.