Contravisory Investment Management Inc. Purchases 5,818 Shares of Citizens Financial Group, Inc. (NYSE:CFG)

Contravisory Investment Management Inc. grew its position in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 45.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,642 shares of the bank’s stock after acquiring an additional 5,818 shares during the period. Contravisory Investment Management Inc.’s holdings in Citizens Financial Group were worth $766,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of CFG. Capital International Investors grew its holdings in shares of Citizens Financial Group by 4.4% during the first quarter. Capital International Investors now owns 36,709,412 shares of the bank’s stock valued at $1,332,185,000 after buying an additional 1,552,333 shares during the last quarter. LSV Asset Management raised its position in shares of Citizens Financial Group by 1.8% during the 2nd quarter. LSV Asset Management now owns 6,580,797 shares of the bank’s stock valued at $237,106,000 after purchasing an additional 113,300 shares during the period. Dimensional Fund Advisors LP grew its stake in Citizens Financial Group by 15.3% during the second quarter. Dimensional Fund Advisors LP now owns 4,429,264 shares of the bank’s stock valued at $159,550,000 after acquiring an additional 587,115 shares in the last quarter. AQR Capital Management LLC grew its stake in Citizens Financial Group by 61.4% during the second quarter. AQR Capital Management LLC now owns 4,422,948 shares of the bank’s stock valued at $155,909,000 after acquiring an additional 1,682,886 shares in the last quarter. Finally, Nordea Investment Management AB grew its stake in shares of Citizens Financial Group by 15.3% in the 1st quarter. Nordea Investment Management AB now owns 3,625,128 shares of the bank’s stock worth $130,722,000 after buying an additional 480,129 shares in the last quarter. 94.90% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Keefe, Bruyette & Woods lifted their price objective on shares of Citizens Financial Group from $42.00 to $46.00 and gave the company a “market perform” rating in a report on Monday, September 30th. Stephens lifted their price objective on shares of Citizens Financial Group from $40.00 to $42.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. DA Davidson lifted their price objective on shares of Citizens Financial Group from $41.00 to $46.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Morgan Stanley lifted their price objective on shares of Citizens Financial Group from $41.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Monday, August 5th. Finally, StockNews.com downgraded shares of Citizens Financial Group from a “hold” rating to a “sell” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Citizens Financial Group presently has an average rating of “Hold” and an average price target of $43.07.

Insider Buying and Selling

In other Citizens Financial Group news, insider Craig Jack Read sold 3,938 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $43.26, for a total value of $170,357.88. Following the sale, the insider now owns 33,620 shares in the company, valued at $1,454,401.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.62% of the stock is currently owned by corporate insiders.

Citizens Financial Group Stock Down 0.4 %

NYSE:CFG opened at $41.30 on Friday. Citizens Financial Group, Inc. has a 12-month low of $22.77 and a 12-month high of $43.96. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $18.38 billion, a P/E ratio of 15.76, a P/E/G ratio of 1.42 and a beta of 1.07. The stock’s fifty day simple moving average is $40.87 and its 200-day simple moving average is $37.73.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings data on Wednesday, July 17th. The bank reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.01). Citizens Financial Group had a net margin of 10.74% and a return on equity of 6.21%. The firm had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter in the prior year, the company earned $0.92 EPS. Citizens Financial Group’s quarterly revenue was down 6.3% on a year-over-year basis. Equities research analysts expect that Citizens Financial Group, Inc. will post 3.22 earnings per share for the current year.

Citizens Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Investors of record on Wednesday, July 31st were issued a dividend of $0.42 per share. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $1.68 annualized dividend and a yield of 4.07%. Citizens Financial Group’s payout ratio is presently 64.12%.

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.